
Nifty 50 closed at 24,596.15 (22.0, 0.1%), BSE Sensex closed at 80,623.26 (79.3, 0.1%) while the broader Nifty 500 closed at 22,694.10 (27.3, 0.1%). Market breadth is in the red. Of the 2,486 stocks traded today, 1,061 were in the positive territory and 1,375 were negative.
Indian indices closed flat after recovering from morning losses triggered by the US imposing an additional 25% tariff on Indian imports due to continued Russian oil purchases. The Indian volatility index, Nifty VIX, fell 2.3% and closed at 11.7 points. Hero MotoCorp closed 4.3% higher after its Q1FY26 net profit grew 63% YoY to Rs 1,705.3 crore, beating Forecaster estimates by 61.5%.
Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Media and Nifty IT were among the top index gainers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 3.7%.
Asian indices closed higher or flat. European indices are trading in the green, except for the UK's FTSE 100, which is trading in the red. US index futures are trading higher as Donald Trump’s new tariffs on imports, including a 100% tariff on semiconductors, take effect today. Brent crude futures are trading higher after falling 1.1% on Wednesday.
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Relative strength index (RSI) indicates that stocks like Sarda Energy & Minerals, JK Cement, and Godfrey Phillips India are in the overbought zone.
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Protean eGov Tech's Q1FY26 revenue rises 10.9% YoY to Rs 239.3 crore. Net profit grows 13.1% YoY to Rs 23.8 crore, driven by higher other income and stable growth in its digital government services business. The firm appears in a screener of stocks with zero promoter pledge.
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Emcure Pharmaceuticals' Q1FY26 revenue rises 14.4% YoY to Rs 2,104.2 crore. Net profit grows 43.6% YoY to Rs 206.9 crore, driven by growth in the international business and strong performance in its therapeutic segment. The firm appears in a screener of stocks with low debt.
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Prism Johnson rises sharply as its Q1FY26 net loss contracts 69.6% YoY to Rs 5.6 crore, owing to lower inventory and finance costs. Revenue grows 9.6% YoY to Rs 1,929.9 crore, helped by improvements in the cement, tiles, sanitaryware, bath fittings, and insurance segments. It features in a screener of stocks where institutions are increasing their shareholding.
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Vir S Advani, CMD of Blue Star, says this summer was significantly weaker following several strong quarters. As a result, he now expects FY26 revenue from the unitary cooling products (UCP) segment to grow by 10%, down from the earlier guidance of 20%, with margins of 8-8.5%. He continues to aim for a 15% market share by the end of FY26.
Blue Star
— Mangalam Maloo (@blitzkreigm) August 7, 2025
Summer was a lot weaker this time, after several strong quarters for Co
UCP revenues would grow 10% in FY26 with 8-8.5% margins
Continue to target 15% market share by end of FY26
Won't cut prices to offload inventory in Festive seasonhttps://t.co/Yxaj35sO5H -
Caplin Point's Q1FY26 revenue rises 3.6% YoY to Rs 214.6 crore. Net profit grows 18.4% YoY to Rs 85.8 crore, driven by expansion in the US market and growth in the oncology segment. The firm appears in a screener of stocks where foreign institutional investors (FIIs) have increased their shareholding.
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Bajaj Electricals is falling as its net profit plunges 96.7% YoY to Rs 0.9 crore in Q1FY26 due to an exceptional loss of Rs 6.7 crore. Revenue decreases 7.8% YoY to Rs 1,064.6 crore, impacted by lower contribution from the consumer products segment during the quarter. The company appears in a screener of stocks with declining ROE over the past two years.
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LTIMindtree bags an order worth Rs 792 crore from India's Central Board of Direct Taxes (CBDT) to upgrade the PAN (Permanent Account Number) infrastructure.
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Baba Kalyani, CMD of Bharat Forge, highlights that it is challenging for any industry to absorb a 50% tariff. However, he remains optimistic about a political resolution to the tariff issue. The US contributes 10% to Bharat Forge's revenue, with exports at around $200 million (approx. Rs 1,670 crore). Kalyani also notes a 12.7% YoY decline in standalone revenue in Q1 FY26 due to lower exports. Looking ahead, he projects over 15–20% growth in the defence segment in FY26.
Bharat Forge says
— Nigel D'Souza (@Nigel__DSouza) August 7, 2025
???? Very difficult for any industry to mitigate 50% tariff
???????? accounts for 10% of total revenues
???? Defence growth +15-20% in FY26
?? Extremely bullish on Aerospace@BharatForgeLtd https://t.co/XDM6zaSITZ -
Hinduja Global Solutions falls sharply as its Q1FY26 net profit plunges 89.5% YoY to Rs 17.4 crore due to a high base in Q1FY25 from a Rs 218.5 crore gain from the sale of its healthcare services business. Revenue declines 2.6% YoY to Rs 1,187.3 crore, caused by reductions in the business process management and media & communications segments. It shows up in a screener of stocks with decreasing returns on equity (RoE) over the past two years.
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SKF India is falling as its net profit drops 25.6% YoY to Rs 118.2 crore in Q1FY26 due to inventory buildup. However, revenue increases 6.4% YoY to Rs 1,283.2 crore, driven by improvements in the industrial and automotive segments during the quarter. The company appears in a screener of stocks with declining cash flow from operations over the past two years.
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Bharat Heavy Electricals is falling sharply as its Q1FY26 net loss expands 115.5% YoY to Rs 455.5 crore due to higher raw materials, employee benefits, and finance costs. However, revenue rises 1.4% YoY to Rs 5,658.1 crore, driven by an improvement in the industry segment. It shows up in a screener of stocks with an increasing trend in non-core income.
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The Federation of Automobile Dealers Associations (FADA) reports a 1% drop in passenger vehicle sales to 3,28,613 units in July, down from 3,31,280 units last year. Two-wheeler sales declined 6.5% to 13.6 lakh units. FADA expects favourable monsoon conditions for August–September but warns that localised floods and landslides could impact sales in the coming months.
Federation of Automobile Dealers Associations (FADA), said while the monsoon outlook through August-September appears broadly supportive, the localised flood and landslides in select areas may hamper automobile sales in the coming months.https://t.co/0Dox1lXRcb
— businessline (@businessline) August 7, 2025 -
CreditAccess Grameen's board appoints Ganesh Narayanan as Chief Executive Officer (CEO) and Managing Director (MD) for a five-year term, effective August 5.
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Raymond's Q1FY26 revenue rises 17% YoY to Rs 524 crore, driven by growth in its aerospace and automotive businesses. Net profit drops 8.9% YoY to Rs 21 crore due to higher employee expenses and finance costs. The firm appears in a screener of stocks with low debt.
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Kotak Mahindra Bank falls as 1.1 crore shares worth approximately Rs 2,134 crore reportedly change hands in a block deal at an average price of Rs 1,974 per share.
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CLSA maintains an 'Outperform' rating on PVR INOX with a target price of Rs 1,920. The brokerage highlights that the company’s Q1 performance exceeded expectations, driven by an 8% YoY rise in average ticket prices and a 23% growth in movie ticket sales. In Q1FY26, gross box office collections (GBOC) for Bollywood and Hollywood films were up 38–72% YoY.
#CNBCTV18Market | #CLSA's outperform call on #PVRInox: Target price at ?1,920/sh, Q1 revenue above estimates. In Q1FY26, PVR Inox #Bollywood & #Hollywood movies GBOC increased 38–72% YoY#1QWithCNBCTV18 pic.twitter.com/6OmjhM7jmF
— CNBC-TV18 (@CNBCTV18Live) August 7, 2025 -
Sula Vineyards' Q1 net profit falls 86.7% YoY to Rs 1.9 crore. Revenue declines 2.4% YoY to Rs 119.2 crore due to weak urban consumption and an excise duty hike on spirits in Maharashtra. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past quarter.
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Alibaba-backed Antfin Singapore Holding Pte reportedly plans to sell a 2% stake in Eternal worth Rs 5,375 crore via a block deal.
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Ircon International is falling as its net profit declines 26.5% YoY to Rs 164.6 crore in Q1FY26, impacted by higher material and finance costs. Revenue decreases 21.9% YoY to Rs 1,786.3 crore due to weaker domestic sales during the quarter. The company appears in a screener of stocks underperforming their industry price change over the past quarter.
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Swiggy, Vishal Mega Mart, Hitachi Energy India, and Waaree Energies are likely to enter the MSCI Global Standard Index in MSCI’s August review, with each stock expected to attract passive inflows of around $217–287 million. Meanwhile, Bharat Dynamics may be excluded from the Small Cap Index.
MSCI August Rejig Preview: Swiggy, CSB Bank likely to be included; Bharat Dynamics probable exclusion
— ET NOW (@ETNOWlive) August 6, 2025
What's the estimated inflows and outflows for standard and small cap index? Here are the details????#MSCI #Swiggy #CSBBank #StockMarket pic.twitter.com/8HhvRzaveS -
Hero MotoCorp is rising as its Q1FY26 net profit jumps 63% YoY to Rs 1,705.3 crore, driven by lower raw materials and inventory expenses. However, revenue declines 3.8% YoY to Rs 10,037.7 crore during the quarter. It features in a screener of stocks with trailing twelve-month (TTM) EPS growth.
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Trent rises as its Q1FY26 net profit grows 9.5% YoY to Rs 429.7 crore owing to lower employee benefits expenses. Revenue increases 18.6% YoY to Rs 4,924.1 crore, driven by new store additions. It appears in a screener of stocks with improving cash flow from operations over the last two years.
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Fortis Healthcare is rising as its net profit surges 56.8% YoY to Rs 260.3 crore in Q1FY26, helped by an exceptional gain of Rs 12.6 crore. Revenue increases 16.6% YoY to Rs 2,166.7 crore, driven by improvements in the healthcare and diagnostics segments during the quarter. The company appears in a screener of stocks outperforming their industry price change over the past quarter.
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Jindal Stainless' Q1FY26 net profit grows 10.2% YoY to Rs 714.2 crore, helped by lower inventory expenses. Revenue jumps 8.4% YoY to Rs 10,276 crore during the quarter. It features in a screener of affordable stocks with high return on equity (RoE) and momentum.
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Nifty 50 was trading at 24,513.20 (-61, -0.3%), BSE Sensex was trading at 80,262.98 (-281.0, -0.4%) while the broader Nifty 500 was trading at 22,592.20 (-74.7, -0.3%).
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Market breadth is highly negative. Of the 1,972 stocks traded today, 470 were in the positive territory and 1,437 were negative.
Riding High:
Largecap and midcap gainers today include Lupin Ltd. (1,944.20, 5.0%), Hero MotoCorp Ltd. (4,660.70, 4.2%) and Coforge Ltd. (1,704.10, 4.0%).
Downers:
Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (227.97, -5.0%), Thermax Ltd. (3,328.20, -3.7%) and Berger Paints (India) Ltd. (545.95, -3.4%).
Movers and Shakers
22 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included ITI Ltd. (320.30, 6.9%), Caplin Point Laboratories Ltd. (2,058.30, 6.7%) and Sapphire Foods India Ltd. (320.70, 5.1%).
Top high volume losers on BSE were Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (503.25, -7.7%), Bharat Heavy Electricals Ltd. (227.97, -5.0%) and SKF India Ltd. (4,566.50, -4.8%).
Eternal Ltd. (301.75, 1.0%) was trading at 18.2 times of weekly average. Century Plyboards (India) Ltd. (750, 0.1%) and Bajaj Holdings & Investment Ltd. (13,780, 1.3%) were trading with volumes 10.9 and 8.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
6 stocks hit their 52 week highs, while 5 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Fortis Healthcare Ltd. (884, 3.0%), JK Cement Ltd. (6,888.50, -1.0%) and JSW Steel Ltd. (1,064.80, 1.2%).
Stocks making new 52 weeks lows included - Indian Energy Exchange Ltd. (133.46, 1.0%) and Ratnamani Metals & Tubes Ltd. (2,329.60, -0.9%).
13 stocks climbed above their 200 day SMA including ITI Ltd. (320.30, 6.9%) and Firstsource Solutions Ltd. (369.85, 5.3%). 30 stocks slipped below their 200 SMA including Bharat Heavy Electricals Ltd. (227.97, -5.0%) and Rashtriya Chemicals & Fertilizers Ltd. (144.90, -3.5%).