
Nifty 50 closed at 25,111.45 (-100.6, -0.4%), BSE Sensex closed at 82,259.24 (-375.2, -0.5%) while the broader Nifty 500 closed at 23,419.70 (-52.8, -0.2%). Market breadth is holding steady. Of the 2,484 stocks traded today, 1,246 were on the uptick, and 1,202 were down.
Indian indices closed lower after extending its losses in the afternoon session. The Indian volatility index, Nifty VIX, rose marginally and closed at 11.2 points. HDFC AMC closed 2.9% higher as its Q1FY26 net profit grew by 23.8% YoY to Rs 747.6 crore, beating Forecaster estimates by 7.6%. Revenue increased by 26.6% YoY, helped by higher assets under management (AUM).
Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed lower. Nifty IT and BSE Tech were among the top index losers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the worst-performing sector of the day, with a fall of 1%.
Asian indices closed mixed. European indices are trading higher. US index futures are trading flat, indicating a cautious start to the trading session as investors look ahead to earnings from companies like Netflix, Johnson & Johnson, and PepsiCo. US President Trump said he is ‘highly unlikely’ to fire Fed Chair Jerome Powell, following earlier reports that he considered his dismissal. Brent crude futures are trading flat after falling 0.3% on Wednesday.
Money flow index (MFI) indicates that stocks like Syrma SGS Technology, Bosch, Hindustan Unilever, and Global Health are in the overbought zone.
Polycab India's Q1FY26 net profit grows 49.5% YoY to Rs 592.1 crore, driven by lower advertisement & sales expenses. Revenue jumps 25.8% YoY to Rs 5,985.9 crore, led by improvements in the wires & cables and FMEG segments. It features in a screener of stocks with high momentum scores.
HDFC Asset Management Co rises sharply as its Q1FY26 net profit grows by 23.8% YoY to Rs 747.6 crore, beating Forecaster estimates by 7.6%. Revenue increases by 26.6% YoY, helped by higher assets under management (AUM). It features in a screener of stocks with improving RoE over the past two years.
Reliance Power's board of directors approves raising Rs 6,000 crore by issuing equity shares through a qualified institutional placement (QIP) or other modes. The board also approves raising Rs 3,000 crore by issuing non-convertible debentures.
Tata Sons, the holding company of the Tata Group, is reportedly set to infuse $400 million (approximately Rs 3,340 crore) into Tata Digital, its digital commerce arm. The funding is expected to come from dividends received from Tata Consultancy Services (TCS).
#MCExclusive | ???? Tata Sons plans $400-mn fund infusion into struggling ecommerce biz Tata Digital#Tata#Commerce#Funds
— Moneycontrol (@moneycontrolcom) July 17, 2025
Details by @swarajdhanjal & @deborshi ??https://t.co/OSkrZ6x90LLarsen & Toubro plans to invest Rs 1,000 crore in its Katupalli shipbuilding facility in Tamil Nadu. The investment will increase production capacity to 50,000 tonnes per annum for its modular fabrication facility (MFF) and support the construction of 25 ships annually.
South Indian Bank's Q1FY26 net profit grows 9.5% YoY to Rs 322 crore. Revenue increases 2.1% YoY to Rs 2,362.4 crore, driven by improvements in the treasury, wholesale and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 135 bps and 76 bps YoY, respectively.
Newgen Software falls sharply as its Q1FY26 net profit plunges 54% QoQ to Rs 49.7 crore. Revenue declines 21.2% QoQ to Rs 350 crore due to reductions in the Indian, Europe, Middle East & Africa (EMEA), Asia-Pacific (APAC), and the US markets. It appears in a screener of stocks with increasing trend in non-core income.
The World Bank's Global Findex 2025 report shows that 89% of Indian adults now have a financial account, mostly with banks or similar institutions (88.7%), and 23.1% use mobile money. However, India also ranks among countries with the highest share of inactive accounts. According to the World Bank, India’s financial inclusion journey is far from over.
India hits 89% financial account ownership, but inactivity remains a challenge, says World Bank report https://t.co/WXAPSnTt76
— Financial Express (@FinancialXpress) July 17, 2025Patanjali Foods' board of directors approves a bonus issue of shares to equity holders in the ratio of 2:1. This means that each shareholder will receive two fully paid-up equity share for every share they hold on the record date.
JTL Industries falls sharply as its Q1FY26 net profit drops 46.8% YoY to Rs 16.3 crore due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 5.8% YoY to Rs 549.6 crore, driven by improvement in sales in the domestic and export markets. It shows up in a screener of stocks with PE higher than industry PE.
Mahindra Logistics surges as its board of directors approves a rights issue at Rs 277 per share and sets the record date as July 23. The issue involves 2.7 crore shares worth Rs 749.3 crore.
India and the US are in extended talks over a bilateral trade agreement, with the fifth round underway in Washington. Uncertainty over the deal has led importers to delay customs clearance of US walnut, almond, and nut shipments, anticipating a possible 50% duty cut. This could worsen supply disruptions as importers aim to avoid losses from clearing goods at current rates.
Trade deal cliffhanger keeps businesses on edgehttps://t.co/dzxyetbeFJ
— Economic Times (@EconomicTimes) July 17, 2025PNC Infratech rises sharply as it emerges as the lowest bidder for NHPC’s 300 MW solar project, which includes a 150 MW / 600 MWh energy storage system. The company quoted a tariff of Rs 3.1 per kilowatt-hour (kWh).
Mukul Agrawal adds Yatharth Hospital to his portfolio in Q1FY26. He buys a 1.1% stake in the company.
Le Travenues Technology (Ixigo) surges to its all-time high of Rs 206.2 as its Q1FY26 net profit grows 28.4% YoY to Rs 19.1 crore. Revenue rises 74.4% YoY to Rs 321.4 crore, driven by improvements in the flight, train, and bus travel segments. It features in a screener of stocks with increasing net cash flow and cash from operating activities.
ABB India is in focus after a 9% YoY drop in order inflows, as per ABB Global’s Q2CY25 results, which track third-party orders from ABB India and related entities. Slower inflows may impact near-term revenue, though exposure to high-growth sectors like data centers, renewables, and railways supports long-term prospects.
Stocks In News | ABB India in focus after ABB Global in Q2CY25 numbers shows a 9% decline in order inflows for India.@vamakshidhoria@ABBIndiapic.twitter.com/nNkVkkxYXJ
— CNBC-TV18 (@CNBCTV18News) July 17, 2025Smartworks Coworking Spaces’ shares debut on the bourses at a 6.9% premium to the issue price of Rs 407. The Rs 582.6 crore IPO received bids for 13.4 times the total shares on offer.
Kalpataru Projects International secures orders worth Rs 2,293 crore in the buildings & factories (B&F) and transmission & distribution (T&D) segments in India and overseas.
Hexaware Technologies rises as it announces the acquisition of Tech SMC Square India and Tech SMCSquared (GCC) India for up to $120 million (around Rs 1,029 crore) in cash. This deal helps Hexaware grow in the Global Capability Center (GCC) market in India, which is expected to cross $100 billion by 2030. It also strengthens Hexaware’s services in AI, cloud, data, and enterprise tech.
Kotak Institutional Equities maintains an 'Accumulate' rating on Thermax with a higher target price of Rs 3,800. The brokerage notes the company’s strong performance in FY25, supported by new product launches, increasing momentum in energy transition solutions, progress in phase II of key R&D initiatives, and strategic partnerships—especially within its chemicals segment.
Kotak Inst Eqt on Thermax
ADD, TP Rs 3600
Busy yr for launches, scaling up of fledgling businesses, partnerships, R&D
Dominant share of biz on solid footing in growth & margin
Strong case for EPS growing >20% CAGR over FY2025-28
Increase est. by 3% on higher margin@VivekIyer72— Nimesh Shah (@nimeshscnbc) July 17, 2025
Arvind Fashions is rising as its board of directors appoints Amisha Jain as the new Managing Director (MD) and Chief Executive Officer (CEO) for the next five years, effective August 13.
Angel One's Q1FY26 net profit plunges 60.9% YoY to Rs 114.5 crore due to higher finance, employee benefits, and depreciation & amortisation expenses. Revenue decreases 18.9% YoY to Rs 1,143.1 crore, caused by reductions in gross client additions and the number of orders. It appears in a screener of stocks where promoters are decreasing their shareholding.
L&T Technology Services' Q1FY26 net profit rises 1.5% QoQ to Rs 315.7 crore. However, revenue decreases 3.9% QoQ to Rs 2,866 crore due to lower sales from the mobility and tech segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.
Tech Mahindra's Q1FY26 net profit declines 2.2% QoQ to Rs 1,140.6 crore due to higher employee benefits expenses. Revenue remains flat at Rs 13,569.5 crore, caused by reductions in the IT segment. It shows up in a screener of stocks with declining net cash flow.
Nifty 50 was trading at 25,217.60 (5.6, 0.0%), BSE Sensex was trading at 82,753.53 (119.1, 0.1%) while the broader Nifty 500 was trading at 23,502.90 (30.4, 0.1%).
Market breadth is highly positive. Of the 2,001 stocks traded today, 1,536 showed gains, and 427 showed losses.
Riding High:
Largecap and midcap gainers today include Sona BLW Precision Forgings Ltd. (486, 6.8%), Thermax Ltd. (3,885.90, 6.6%) and AWL Agri Business Ltd. (278.30, 6.1%).
Downers:
Largecap and midcap losers today include Tech Mahindra Ltd. (1,563.70, -2.8%), InterGlobe Aviation Ltd. (5,796.50, -2.6%) and Waaree Energies Ltd. (3,206, -2.6%).
Movers and Shakers
25 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Sona BLW Precision Forgings Ltd. (486, 6.8%), Thermax Ltd. (3,885.90, 6.6%) and AWL Agri Business Ltd. (278.30, 6.1%).
Top high volume losers on BSE were Newgen Software Technologies Ltd. (1,025.60, -6.0%), Tech Mahindra Ltd. (1,563.70, -2.8%) and Carborundum Universal Ltd. (994.25, -0.5%).
Alok Industries Ltd. (22.04, 6.0%) was trading at 16.3 times of weekly average. Star Cement Ltd. (220.21, 4.1%) and Craftsman Automation Ltd. (6,470, 4.3%) were trading with volumes 9.6 and 8.4 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
9 stocks made 52 week highs,
Stocks touching their year highs included - JK Lakshmi Cement Ltd. (1,001, 3.1%), The Ramco Cements Ltd. (1,174.40, 0.6%) and Nippon Life India Asset Management Ltd. (850.45, -2.2%).
23 stocks climbed above their 200 day SMA including Thermax Ltd. (3,885.90, 6.6%) and Concord Biotech Ltd. (1,920.50, 4.5%). 4 stocks slipped below their 200 SMA including Swan Energy Ltd. (507.05, -2.9%) and Tata Elxsi Ltd. (6,196.50, -1.8%).