Nifty 50 closed at 25,522.50 (61.2, 0.2%), BSE Sensex closed at 83,712.51 (270.0, 0.3%) while the broader Nifty 500 closed at 23,572.55 (21.4, 0.1%). Market breadth is in the red. Of the 2,481 stocks traded today, 1,068 showed gains, and 1,367 showed losses.
Indian indices closed higher after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, fell 2.8% and closed at 12.2 points. PC Jeweller closed 4.3% lower as the stock exchanges placed it under the short-term Additional Surveillance Measure (ASM) framework following a sharp two-day rally.
Nifty Smallcap 100 and Nifty Midcap 100 closed lower. S&P BSE SME IPO and Nifty Realty were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Hotels, Restaurants, & Tourism emerged as the best-performing sector of the day, with a rise of 1.1%.
European indices are trading mixed. Major Asian indices closed higher, except Malaysia’s KLCI and Thailand’s SET indices, which closed 0.5% and 0.7% lower, respectively. US index futures are also trading mixed, indicating a cautious start to the session after President Trump sent out tariff letters to 14 countries, including Japan, South Korea, and South Africa, while postponing the deadline for imposing the higher tariffs to August 1.
Most European indices closed mixed on Monday. Major Asian indices are trading with varied trends. US indices closed lower on Monday, with the Dow Jones and S&P 500 closing 0.9% and 0.8% in the red after President Trump announced new import tariffs ranging from 25-40% on at least seven countries, including Japan, South Korea, and South Africa.
Money flow index (MFI) indicates that stocks like Bosch, Laurus Labs, Glenmark Pharma, and IDFC First Bank are in the overbought zone.
Phoenix Mills is rising as its Q1FY26 consumption sales increase 12% YoY, led by strong performance at Phoenix Citadel, Phoenix Palladium, and Phoenix Palassio. Residential sales jump 2.4X YoY to Rs 168 crore.
Railtel Corp of India bags a letter of intent (LoI) for an order worth Rs 97 crore from Central Warehousing Corp to supply, install, test, commission, operate and maintain smart warehousing elements at 226 foodgrain warehouses.
Axis Securities maintains a 'Buy' rating on Gravita India with a target price of Rs 2,045, indicating a 14.3% upside. The brokerage cites ongoing capacity expansion via greenfield and brownfield projects to support growth in both existing and new recycling verticals. It also expects profit to outpace revenue, driven by a better product mix and stronger operating leverage.
Atim Kabra, Director at Astra Microwave Products, projects an FY26 revenue of Rs 1,200 crore. He expects orders of approx Rs 1,800-2,000 crore from the Quick Reaction Surface-to-Air Missile (QRSAM) project by the end of FY26 or early FY27.
Lodha Developers' pre-sales grow 10% YoY to Rs 4,450 crore in Q1FY26. Collections for the quarter increase by 7% YoY to Rs 2,880 crore. The company adds five new projects across Mumbai, Pune and Bengaluru, with a total gross development value (GDV) of Rs 22,700 crore.
Jyoti Structures files an application with the National Company Law Tribunal (NCLT), Mumbai, against West Bengal State Electricity Distribution Co. The company seeks to restrain it from recovering dues that have already been settled under the approved insolvency resolution plan.
Anand Rathi maintains its 'Buy' call on Gabriel India, with a higher target price of Rs 1,400 per share. This indicates a potential upside of 42%. The brokerage believes that the company's strategy to simplify the Anand Group structure with Gabriel India will drive revenue growth. It expects the firm's revenue to grow at a CAGR of 22.2% over FY26-27.
The Multi Commodity Exchange of India (MCX) launches Electricity Futures Contracts, effective July 10, following SEBI’s approval in June to introduce electricity derivatives. Contracts will cover all 12 calendar months, with trading initially available for the current and next three months.
Oriana Power surges as it secures an order worth Rs 465 crore from NTPC Vidyut Vyapar Nigam (NVVN) to set up 125 MW/250 MWh standalone battery energy storage systems (BESS) at the Giral sub-station in Rajasthan.
Transformers & Rectifiers' board of directors appoints Mukul Srivastava as the new Chief Executive Officer (CEO), effective July 8.
Ceinsys Tech is rising as it receives an order worth Rs 115 crore from Mumbai Metropolitan Region Development Authority (MMRDA) to act as the system integrator for monitoring infrastructure projects using the Integrated Data and Digital Platform (IDDP).
BofA Sec initiates coverage on Schloss Bangalore with a 'Buy' rating and a target price of Rs 520. The brokerage anticipates that industry trends and key initiatives, such as the growth of its five iconic hotels and portfolio expansion, will boost revenue and earnings. However, it also points out potential risks, including a downturn in the hospitality sector, revenue concentration, brand challenges, and issues related to execution or competition.
Gokaldas Exports, KPR Mill, and Trident rise after the US announces a 35% tariff on imports from Bangladesh, a key competitor to Indian garment exporters. The move fuels hopes of a potential India-US trade deal with lower tariffs.
PC Jeweller plunges as the stock exchanges place it under the short-term Additional Surveillance Measure (ASM) framework following a sharp two-day rally. The board is set to meet on July 10 to consider a preferential issue of equity shares.
Rajesh Power Services rises sharply as it bags an order worth Rs 220.2 crore from Madhya Gujarat Vij Company to supply, install, test, and commission 11KV Medium Voltage Covered Conductor (MVCC) across Gujarat.
Adani Group submits an unconditional offer of Rs 12,600 crore to acquire Jaiprakash Associates, which is currently undergoing an insolvency process. The company has received a total of five bids, with Dalmia Bharat leading the race through a conditional offer of Rs 14,600 crore.
Mukul Agrawal adds Jammu & Kashmir Bank to his portfolio in Q1FY26. He buys a 1.3% stake in the company.
Krsnaa Diagnostics rises sharply as the Rajasthan High Court rules in favour of the company and its consortium partner, Telecommunications Consultants India (TCIL), and orders the Gov. of Rajasthan to issue a new letter of award (LoA).
JSW Infrastructure secures a Letter of Award (LoA) worth Rs 740 crore from the Syama Prasad Mookerjee Port Authority for the reconstruction and mechanisation of Berths 7 and 8 at Netaji Subhas Dock, Kolkata port.
Adani Power completes the acquisition of Vidarbha Industries Power (VIPL), a 600 MW coal-based thermal power company, for Rs 4,000 crore. VIPL was undergoing insolvency proceedings and has now become a wholly owned subsidiary. With this acquisition, Adani Power's operational capacity rises to 18,150 MW.
Navin Fluorine's board of directors approves raising Rs 750 crore through a qualified institutional placement (QIP) of equity shares at a floor price of Rs 4,798.2 per share.
NLC India is rising as its board of directors approves a Rs 1,630.9 crore investment in its subsidiary, NLC India Renewables, by subscribing to equity shares of the company. The board also approves a long term loan worth $100 million (~ Rs 857.8 crore) from Sumitomo Mitsui Banking Corporation (SMBC) to fund renewable projects.
Refex Industries is rising as it receives an order worth Rs 250 crore from a state-owned power company for comprehensive ash disposal and three-year operation and maintenance of fly ash systems.
Titan's revenue grows by 20% YoY in Q1FY26, driven by improvements in the jewellery, watches & wearables, CaratLane, and eyecare segments. The company adds 10 new stores during the quarter, expanding its total store network to 3,322.
Nifty 50 was trading at 25,450.15 (-11.2, 0.0%), BSE Sensex was trading at 83,387.03 (-55.5, -0.1%) while the broader Nifty 500 was trading at 23,559.05 (7.9, 0.0%).
Market breadth is in the green. Of the 1,974 stocks traded today, 1,072 were gainers and 846 were losers.
Riding High:
Largecap and midcap gainers today include Schaeffler India Ltd. (4,201.90, 5.4%), Waaree Energies Ltd. (3,068.60, 5.2%) and NHPC Ltd. (87.96, 4.2%).
Downers:
Largecap and midcap losers today include Titan Company Ltd. (3,441.30, -6.1%), Aurobindo Pharma Ltd. (1,147.70, -3.2%) and Lupin Ltd. (1,922.10, -2.9%).
Volume Shockers
24 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Alok Industries Ltd. (22.13, 10.0%), Lemon Tree Hotels Ltd. (146.79, 6.0%) and Sonata Software Ltd. (439.95, 5.5%).
Top high volume losers on BSE were Titan Company Ltd. (3,441.30, -6.1%), Galaxy Surfactants Ltd. (2,487.80, -4.3%) and G R Infraprojects Ltd. (1,248.90, -3.0%).
Vardhman Textiles Ltd. (500.75, 0.4%) was trading at 87.4 times of weekly average. Trident Ltd. (32.29, 3.8%) and Elgi Equipments Ltd. (534.10, 0.4%) were trading with volumes 15.0 and 13.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
8 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,565, -0.7%), Divi's Laboratories Ltd. (6,938, 0.7%) and Fortis Healthcare Ltd. (790.50, -1.9%).
15 stocks climbed above their 200 day SMA including Linde India Ltd. (6,893.50, 3.2%) and Westlife Foodworld Ltd. (795, 2.9%). 12 stocks slipped below their 200 SMA including Galaxy Surfactants Ltd. (2,487.80, -4.3%) and Angel One Ltd. (2,692.60, -3.6%).