Nifty 50 fell 75.30 points to close at 24,574.20 (−0.31%), Sensex slipped 166.26 points to 80,543.99 (−0.21%). Bank Nifty outperformed, rising 50.90 points to settle at 55,411.15 (+0.09%).
- Dow Jones Futures rose 168.96 points (0.38%), indicating a neutral sentiment.
- European Markets:
- FTSE gained 23.62 points (0.26%), reflecting a very bullish trend.
- CAC added 14.56 points (0.19%), though sentiment is very bearish.
- DAX climbed 58.93 points (0.25%), but shows a bearish sentiment.
- Global events/updates: A UN official warned that expanding Israeli operations in Gaza could lead to catastrophic consequences, urging restraint to avoid further escalation.
- Russian attacks on Ukraine double since Trump inauguration.
Stock news
- Muthoot Capital Services: Net Loss of Rs 4.67 crore vs 11 cr profit YoY, Revenue Grew 45% YoY, Operating Margin 47% vs 59% YoY.
- Pidilite Industries: Pidilite reported Q1 EBITDA of ₹940 crore, up from ₹812 crore YoY, beating estimates of ₹874 crore. EBITDA margin improved to 25.1% vs 23.94% YoY, ahead of the 23.6% estimate.
- Paushak will consider a bonus issue, stock split, and announce Q1 results on August 11.
- NIIT Learning Systems – Q1 consolidated net profit declined to ₹493 million vs ₹600 million YoY. EBITDA also fell to ₹904 million vs ₹960 million YoY, with EBITDA margin dropping to 20% from 23.58% YoY.
- Capacite Infra: Secured an order worth ₹113 crore from the Hinduja Group.
- UNO Minda – Strong Q1 Performance, Q1 consolidated net profit rose to ₹290 crore vs ₹200 crore YoY. EBITDA grew to ₹540 crore from ₹407 crore YoY, with EBITDA margin improving to 12.1% from 10.68%.
- Bharat Forge: Q1 standalone net profit rose to ₹340 crore vs ₹270 crore YoY, but missed the ₹390 crore estimate. EBITDA declined to ₹570 crore vs ₹651 crore YoY (est. ₹639 crore), and EBITDA margin fell to 27.2% vs 27.86% YoY (est. 28.4%).
- Tata Power in Focus – The Supreme Court has allowed an increase in electricity tariffs in Delhi, potentially benefiting Tata Power.
- Allied Digital: Secured a ₹420+ crore contract from a leading European pharmaceutical company.
- Swiggy is aiming to raise ₹2,500 crore by selling its stake in Rapido.
- E.I.D. Parry – E.I.D. Parry posted a robust Q1 net profit of ₹250 crore, up from ₹91.3 crore YoY. EBITDA rose to ₹810 crore vs ₹480 crore YoY, with EBITDA margin improving to 9.23% from 7.2%.
- Fertilizer Sector in Focus The GST Council may consider a proposal by September to implement a uniform 12% GST on fertilizers and related inputs.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Godfrey Phillips India Ltd. (10.0%) | Transformers & Rectifiers (India) Ltd. (-7.0%) |
| Sarda Energy & Minerals Ltd. (8.5%) | Bosch Ltd. (-6.0%) |
| Kirloskar Oil Engines Ltd. (6.5%) | Balkrishna Industries Ltd. (-5.7%) |
| Waaree Energies Ltd. (5.0%) | Redington Ltd. (-5.4%) |
| Reliance Power Ltd. (5.0%) | CCL Products India Ltd. (-5.3%) |
Conclusion
Markets ended mixed, with weakness in broader indices, while banking stocks showed resilience amid cautious investor sentiment.
Written by Manideep Appana
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