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Trendlyne Marketwatch
03 Aug 2026
Market closes higher as oil prices fall amid easing geopolitical concerns
By Trendlyne Analysis

 

Nifty 50 closed at 24,774.30 (390.7, 1.6%), BSE Sensex closed at 78,639.03 (544.4, 0.7%) while the broader Nifty 500 closed at 23,802.85 (342.2, 1.5%). Market breadth is overwhelmingly positive. Of the 2,794 stocks traded today, 1,907 were in the positive territory and 827 were negative.

Indian indices closed higher, as Brent crude oil prices fell amid unconfirmed claims from Trump that deal talks with Iran would begin on Monday. The Indian volatility index, Nifty VIX, rose 1.5% and closed at 11.9 points. India’s Manufacturing Purchasing Managers’ Index (PMI) declined to 53.5 in July from 54.2 in June, marking the slowest expansion in nearly five years. The slowdown reflected weaker growth in new orders, input purchases and employment, despite stronger export demand.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty IT and Nifty India Internet are among the top index gainers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 3.3%.

Asian markets closed mixed. European markets traded higher. US index futures traded higher. Investors await the US ISM manufacturing PMI for July, due later today, for cues on factory activity. Meanwhile, Brent crude oil futures fell after US President Donald Trump called off a planned strike on Iran and said talks would take place today. However, Iran said no direct talks were underway with the US and that discussions with Oman were focused on securing temporary safe passage through the Strait of Hormuz.

  • Money Flow Index (MFI) indicates that stocks like Divi's Laboratories, Laurus Labs and TVS Motor Co are in the overbought zone.

  • Aarti Drugs is falling sharply as its Q1FY27 net profit declines 6.9% YoY to Rs 50.2 crore due to higher raw materials, employee benefits and finance costs. However, revenue climbs 19.1% to Rs 703.6 crore, fueled by global demand recovery, higher active pharmaceutical ingredient (API) & formulation sales and realisations. The company's board of directors appoints Adhish P Patil as the Managing Director (MD), effective October 1.

  • Urban Company surges over 13% as its Q1FY27 revenue rises 43.9% YoY to Rs 528.3 crore, driven by growth across its India, international and Native businesses. However, it reports a net loss of Rs 92.1 crore, compared with a profit of Rs 6.9 crore a year ago, as higher investments in InstaHelp weigh on profitability. The company appears in a screener of stocks with a PEG ratio lower than the Industry average.

  • APL Apollo Tubes is rising sharply as its Q1FY27 net profit grows 10.9% YoY to Rs 263.1 crore, owing to inventory destocking and higher share of value-added products. Revenue increases 8.7% to Rs 5,646.2 crore, thanks to higher realisations from improved pricing. It features in a screener of newly affordable stocks with good financials and durability.

  • India's Manufacturing PMI declines to 53.5 in July from 54.2 in June, marking the slowest expansion in nearly five years. The slowdown was driven by weaker growth in new orders, input purchasing, and employment, which offset stronger export demand.

  • Sterlite Technologies surges to its 5% upper circuit as it secures an order worth Rs 960 crore from a domestic telecom operator to supply optical fibre cables.

  • Tata Motors surges on Monday as domestic commercial vehicle sales jump 28% YoY in July 2026. Total sales, including exports, rise 37%. Export volumes more than double, while demand remains strong across trucks, passenger carriers and small commercial vehicles.

  • Clean Max Enviro Energy Solutions is rising as its board of directors approves the merger of its subsidiaries Clean Max Aditya Power, Cleanmax IPP 1, CMES Power 1, and CMES Infinity with itself. The company reports a net profit of Rs 48.5 crore in Q1FY27 compared to a Rs 14.2 crore net loss a year ago. Revenue surges 112.6% YoY to Rs 874.1 crore, led by higher renewable energy sales and services.

  • Willie Walsh takes charge as IndiGo's CEO as the airline sharpens its focus on international expansion. He will lead the company's overall strategy, with an emphasis on accelerating global growth, strengthening its network and commercial strategy, and enhancing customer experience.

  • Persistent Systems is falling sharply as its Q1FY27 net profit declines 8.7% QoQ to Rs 483 crore, impacted by higher employee benefits, sub-contracting and finance costs. However, revenue grows 7% to Rs 4,373.9 crore, helped by improvements in the banking, financial services & insurance (BFSI), healthcare and hi-tech & emerging businesses segments. It shows up in a screener of stocks with expensive valuations according to Trendlyne valuation scores.

  • NCC is rising as it secures orders worth Rs 1,052.7 crore in July. The buildings division accounts for Rs 590.4 crore of the orders, while the water division contributes Rs 462.3 crore.

  • Rossell Techsys is rising sharply as Kotak Mahindra Mutual Fund buys 36.9 lakh shares for Rs 332.5 crore through a block deal at an average price of Rs 900 per share.

  • A poll of economists suggests the RBI is likely to keep interest rates unchanged this week, as easing inflation and strong capital inflows driven by measures to support the rupee offset concerns over higher global oil prices. While the central bank may adopt a more hawkish stance, its Monetary Policy Committee is expected to leave rates unchanged on Wednesday.

  • Park Medi World is rising as Q1FY27 net profit jumps 35% YoY to Rs 88.6 crore, helped by strong operating performance and lower finance costs. Revenue rises 19% to Rs 475.7 crore, driven by higher patient volumes and newer hospitals. The company also agrees to acquire Mehar Hospital in Zirakpur for about Rs 107 crore, adding a 150+ bed multi-speciality hospital and strengthening its presence in Punjab's Tricity region.

  • Dr Reddy's Laboratories is rising as it receives US FDA approval for its rituximab biosimilar, developed as a biosimilar to Rituxan. Rituximab is a widely used therapy for blood cancers and autoimmune diseases. The approval strengthens Dr Reddy's global biologics and complex generics pipeline, helping diversify its business beyond traditional small-molecule generics.

  • TVS Motor hits a new all-time high of Rs 4,374.7 as its total wholesales grow 38% YoY to 6.3 lakh units in July, driven by a 42% increase in domestic two-wheelers and a 51% growth in three-wheelers.

  • George Alexander Muthoot, MD of Muthoot Finance, maintains the company's Net Interest Margin (NIM) guidance at 10.5%–11%. He expects Assets Under Management (AUM) growth to accelerate over the coming quarters and believes gold prices will remain elevated amid ongoing global uncertainty.

  • Cube Highways Trust's shares debut on the bourses at a 2.7% premium to the issue price of Rs 152. The Rs 5,000 crore IPO received bids for 9.3 times the total shares on offer.

  • Muthoot Finance drops over 10% as its Q1FY27 net profit misses Forecaster estimates by 16.7% despite growing 38.8% YoY to Rs 2,799.1 crore due to higher finance and employee benefits expenses. Revenue climbs 34.1% to Rs 8,694.8 crore, thanks to higher gold loans, elevated gold prices and demand for secured lending. The company's board of directors appoints Alexander George as the Managing Director (MD) and K R Bijimon as the Chief Executive Officer (CEO), effective October 1.

  • Zee Entertainment Enterprises plunges over 10% as the Securities and Exchange Board of India (SEBI) bars the company from the securities market for two months, and founder Subhash Chandra and MD & CEO Punit Goenka for one year. The SEBI issues the order after finding that the company's Hyderabad land was mortgaged against loans availed by Essel Group entities without necessary corporate approvals.

  • Jefferies reiterates its preference for Eternal over Swiggy, citing stronger execution, market share gains, and superior profitability. While Swiggy's food delivery EBITDA grew fivefold compared with Eternal's twofold increase, Jefferies says Eternal continues to outperform on most operating metrics, strengthening its leadership position.

  • Jupiter Life Line Hospitals is falling sharply as its Q1FY27 net profit drops 14.5% YoY to Rs 37.5 crore due to higher raw materials, inventory, employee benefits, professional fees and finance costs. However, revenue jumps 16.9% to Rs 421.6 crore, supported by higher patient volumes and average revenue per occupied bed (ARPOB). It shows up in a screener of stocks with declining return on equity (RoE) over the past two years.

  • PNC Infratech is rising as it secures an order worth Rs 302.4 crore from the Airports Authority of India (AAI) for air and landside works at Pantnagar Airport in Uttarakhand. As per the order, the company will construct a new domestic terminal building, supporting infrastructure and upgrade the runway.

  • Bharat Electronics is rising as it secures orders worth Rs 847 crore for electro-optic systems, a security operations centre, seekers, components, spares and services.

  • Maruti Suzuki India's Q1FY27 net profit declines 9.1% YoY to Rs 3,446.9 crore, as higher steel and aluminium costs offset the benefits of price hikes. However, revenue increases 35.9% to Rs 52,469.8 crore, driven by a rise in sales volumes supported by additional capacity from its second plant in Haryana. The company appears in a screener of stocks with an increasing trend in non-core income.

  • Nifty 50 was trading at 24,540.65 (157.1, 0.6%), BSE Sensex was trading at 78,883.34 (788.7, 1.0%), while the broader Nifty 500 was trading at 23,603.95 (143.3, 0.6%).

Riding High:

Largecap and midcap gainers today include LTM Ltd. (4,690, 7.5%), APL Apollo Tubes Ltd. (1,941.50, 6.7%) and Divi's Laboratories Ltd. (8,585, 6.6%).

Downers:

Largecap and midcap losers today include Muthoot Finance Ltd. (2,890.90, -7.3%), CG Power and Industrial Solutions Ltd. (826.10, -4.3%) and GAIL (India) Ltd. (174.30, -3.9%).

Crowd Puller Stocks

27 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Urban Company Ltd. (145.85, 12.7%), Balrampur Chini Mills Ltd. (650.55, 11.0%) and Aegis Logistics Ltd. (1,384.90, 8.1%).

Top high volume losers on BSE were Zee Entertainment Enterprises Ltd. (97.90, -14.5%), Muthoot Finance Ltd. (2,890.90, -7.3%) and Narayana Hrudayalaya Ltd. (1,914.90, -5.6%).

Blue Dart Express Ltd. (5,332, 3.3%) was trading at 24.8 times of weekly average. Clean Science & Technology Ltd. (767, 4.5%) and APL Apollo Tubes Ltd. (1,941.50, 6.7%) were trading with volumes 23.1 and 9.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

27 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (8,820, -1.5%), Bajaj Auto Ltd. (11,856, 2.9%) and Bajaj Finance Ltd. (1,153, 1.0%).

24 stocks climbed above their 200 day SMA including Urban Company Ltd. (145.85, 12.7%) and APL Apollo Tubes Ltd. (1,941.50, 6.7%). 7 stocks slipped below their 200 SMA including OneSource Specialty Pharma Ltd. (1,555.20, -4.0%) and Indian Energy Exchange Ltd. (128, -3.2%).

 
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