Nifty 50 rose 131.95 points (+0.54%) to close at 24,619.35, Bank Nifty gained 137.75 points (+0.25%) to 55,181.45, and Sensex advanced 304.32 points (+0.38%) to 80,539.91.

  • Dow Jones Futures rose 134.48 points (+0.30%) to 44,592.09
  • European indices
    • FTSE inched up 8.19 points (+0.09%) to 9,156.00, CAC advanced 31.18 points (+0.40%) to 7,784.60, and DAX climbed 183.42 points (+0.76%) to 24,208.20, with all indices showing a very bullish sentiment.

Global events/updates

  • The Russian Foreign Minister, Sergey Lavrov, will hold talks with the Indian Foreign Minister on August 21.
  • Gaza City has come under intense air attack, the territory’s Hamas-run civil defence agency has said, as Israeli forces prepare to launch an operation to take over the city.

Stock news

  • Oswal Pumps secured a Rs. 442 crore Maharashtra Govt order. 
  • Fertilizers & Chemicals Travancore Ltd: Posted a Q1 net profit of Rs. 43M vs a Rs. 487M loss YoY, with EBITDA at Rs. 239M vs a Rs. 566M loss and a 2.3% margin. 
  • Insecticides India reported Q1 net profit of Rs. 573M vs Rs. 490M YoY, and EBITDA of Rs. 840M vs Rs. 718M YoY, with margins improving to 12.15% from 10.9%.
  • Brigade Hotel & Marriott International: Signed a multi-deal agreement to open six new hotels in India.
  • Godrej Industries: Consolidated net profit: 3.5B Rupees vs 3.2B (YoY), EBITDA: 3.96B Rupees vs 3.3B (YoY), EBITDA margin: 8.9% vs 8% (YoY).
  • Ceigall India Ltd: The Delhi High Court has dismissed an order by NHAI that disqualified the company from bidding on the Sambalpur bypass project in Odisha
  • Avanti Feeds: Consolidated net profit: 1.78B Rupees vs 1.3B (YoY), EBITDA: 2.14B Rupees vs 1.6B (YoY), EBITDA margin: 13.33% vs 10.63% (YoY).
  • Devyani International: Added 106 new stores in Q1 FY26, bringing its total store count to 2,145. This includes 105 stores from Sky Gate Hospitality.
  • Matrimony: EBITDA: 189M Rupees vs. 269M (YoY), EBITDA Margin: 15.6% vs. 21.16% (YoY), Consolidated Net Profit: 84M Rupees vs. 140M (YoY), Revenue: 1.1B Rupees vs. 1.2B (YoY).
  • LIC: The government is planning to sell a 2.5-3% stake in the company in the first tranche of divestment, aiming to raise Rs. 14,000-17,000 crore.
  • BEML Defence Stock Guidance
    • Export Revenue guidance slashed to 3-4% in FY26, VS 10% earlier
    • Major Focus in FY26 to improve Working Capital
    • Expects 20% Revenue growth in FY26 and expects Q2 to be better
  • Larsen & Toubro Limited: L&T Energy GreenTech Partners with Japan’s ITOCHU for Green Ammonia Project.
  • Aurionpro Solutions Limited: Secured a landmark Urban Mobility project worth Rs. 250 crores from the Mumbai Metropolitan Region Development Authority (MMRDA) to design, supply, implement, and maintain the Automatic Fare Collection (AFC) system for Mumbai Metro Lines 4 and 4A.

Top gainer/Top loser (Nifty 500)

                  Top gainers                    Top losers
NMDC Steel Ltd. (20.0%)Coromandel International Ltd. (-5.7%)
JM Financial Ltd. (13.6%)PG Electroplast Ltd. (-5.7%)
EIH Ltd. (12.5%)Waaree Energies Ltd. (-5.1%)
HBL Engineering Ltd. (10.3%)Valor Estate Ltd. (-4.6%)
Apollo Hospitals Enterprise Ltd. (8.2%)Reliance Power Ltd. (-4.5%)

Conclusion

Nifty 50 rose 0.54% to close at 24,619.35, Bank Nifty gained 0.25% to 55,181.45, and Sensex advanced 0.38% to 80,539.91, indicating a broadly positive market sentiment supported by buying across key sectors.

Written by Manideep Appana

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