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Trendlyne Marketwatch
04 Aug 2026
Market closes lower on profit booking after a four-day rally
By Trendlyne Analysis

 

Nifty 50 closed at 24,614.90 (-159.4, -0.6%), BSE Sensex closed at 78,428.95 (-210.1, -0.3%) while the broader Nifty 500 closed at 23,690.15 (-112.7, -0.5%). Market breadth is in the red. Of the 2,779 stocks traded today, 1,254 were on the uptick, and 1,450 were down.

Indian indices closed lower due to profit booking after rallying for four straight days. The Indian volatility index, Nifty VIX, rose 2.2% and closed at 12.2 points. Dabur India closed lower after the FSSAI directed the company to stop selling food products carrying misleading “100%” claims, including honey, cow ghee and edible oils.

Nifty Smallcap 100 closed higher, while Nifty Midcap 100 closed lower. Nifty Realty and Nifty Oil & Gas are among the top index losers today. According to Trendlyne’s sector dashboard, Realty emerged as the worst-performing sector of the day, with a fall of 1.6%.

Asian markets closed mixed. European markets traded higher, except for Spain’s IBEX 35. US index futures traded mixed. Investors await the US JOLTS job openings data for June, due later today, for cues on the labour market. Meanwhile, Brent crude oil futures traded higher as uncertainty around US-Iran talks continued and a cargo vessel was hit by an unidentified projectile near the Strait of Hormuz, keeping Middle East shipping risks in focus.

  • Relative Strength Index (RSI) indicates that stocks like Divi's Laboratories, Sona BLW Precision Forgings and Titan are in the overbought zone.

  • VRL Logistics is rising as its board of directors approves a Rs 280 crore buyback of 87.5 lakh shares at a price of Rs 320 per share. The company's Q1FY27 net profit soars 60.9% YoY to Rs 80.5 crore, driven by lower finance costs. Revenue jumps 17.8% to Rs 884.8 crore during the quarter.

  • Krishna Institute of Medical Sciences plunges as its Q1FY27 net profit declines 47.2% YoY to Rs 41.5 crore, as higher initial costs at newly opened hospitals squeeze operating margins. Revenue rises 35.3% to Rs 1,179.5 crore, driven by higher patient volumes and strong growth across its Maharashtra, Telangana and Andhra Pradesh hospitals during the quarter. The company appears in a screener of stocks with an increasing trend in non-core income.

  • Inox India projects an 18-20% revenue growth in FY27, led by healthy order book and new certifications expanding market opportunities. The company's Q1FY27 revenue grows 8.3% YoY to Rs 381.6 crore, driven by repeat orders from the aerospace industry. However, net profit declines 5% to Rs 58.1 crore due to higher raw materials, employee benefits, finance and depreciation & amortisation costs.

  • Hindustan Petroleum Corporation reportedly purchases 2 million barrels of West African crude through a tender for its 180,000 barrels per day Rajasthan refinery. The cargo is expected to arrive in late September.

  • Motherson Sumi Wiring India is falling sharply as its Q1FY27 net profit misses Forecaster estimates by 9.3% as it remains flat YoY at Rs 145.3 crore due to higher raw materials, employee benefits and depreciation costs. However revenue grows 36.8% to Rs 3,412.6 crore, supported by expansion into greenfield projects and ramp-up of new customer programs. It appears in a screener of stocks with declining returns on equity (RoE) over the past two years.

  • DLF is falling as its Q1FY27 revenue drops 46.1% YoY to Rs 1,605.6 crore, impacted by delayed launches. However, net profit grows 4.1% to Rs 793.9 crore, helped by lower land and finance costs. It shows up in a screener of stocks with an increasing trend in non-core income.

  • Jupiter Wagons enters a partnership with Italy's Lucchini RS Holding to manufacture train wheels, axles and wheelsets in India. Under the agreement, Lucchini RS and SIMEST, an Italian Government financial institute, will together acquire a 25% stake in Jupiter's arm, Jupiter Tatravagonka Railwheel Factory, for €28 million (~Rs 307.2 crore).

  • The Indian government reportedly approves an investment of Rs 84,084 crore (~$9 billion) for the 'Samudra Manthan' National Offshore Exploration Scheme through FY31, marking its highest-ever offshore exploration investment. The initiative aims to boost domestic hydrocarbon production, reduce reliance on oil and gas imports, and generate potential import savings of around Rs 1 lakh crore.

  • Godfrey Phillips rises on reports of Executive Director Samir Modi withdrawing legal cases against his mother, Bina Modi, reducing uncertainty around the group's business.

  • Larsen & Toubro is rising as its energy hydrocarbon offshore business secures an order worth over Rs 15,000 crore from ADNOC Offshore. As the lead consortium partner, L&T will execute the engineering, procurement, construction, installation and commissioning of multiple offshore facilities, along with upgrades to existing infrastructure in the Middle East.

  • CAMS surges as its Q1FY27 net profit rises 17.4% YoY to Rs 128 crore, helped by lower finance costs. Revenue increases 11.5% to Rs 395 crore, driven by higher mutual fund asset-based revenue and growth in non-mutual fund businesses. The company appears in a screener of stocks with zero promoter pledge.

  • Morgan Stanley expects Asian economies to invest $5.5 trillion in the energy sector over the next five years, including $1.2 trillion in fresh investments. The brokerage sees BHEL, Adani Power, NTPC, Tata Power, and JSW Energy as key beneficiaries, driven by rising power demand, electrification, EV adoption, and green hydrogen.

  • Restaurant Brands Asia soars over 15% as its Q1FY27 revenue jumps 17.1% YoY to Rs 842.4 crore, driven by higher footfall in India and improved same-store sales growth (SSSG). Net loss contracts 32.4% to Rs 28.3 crore as stronger sales improved operating leverage and helped absorb fixed costs. It appears in a screener of stocks with increasing returns on capital employed (RoCE) over the past two years.

  • Dabur is falling as the Food Safety and Standards Authority of India (FSSAI) reportedly bars the company from selling products like honey, cow ghee, and edible oils using '100%' claims. The regulator points out that the claims are in violation of its regulations as they are ambiguous, unverifiable and likely to mislead consumers.

  • Ather Energy soars to its 52-week high of Rs 1,500 as its Q1FY27 net loss narrows by 71.5% YoY to Rs 50.9 crore, thanks to lower battery costs, localisation of components and a richer product mix. Revenue surges 87.2% to Rs 1,259.7 crore, fueled by higher sales of Rizta family scooter and network expansion. It features in a screener of stocks with low debt.

  • An ANAROCK Research report says residential property prices across India's major housing markets have surged by up to 125% since 2019, while rental yields have also improved, boosting investor returns. Noida leads in capital appreciation, followed by Gurugram, while Bengaluru and Hyderabad record the strongest growth in rental yields.

  • KEC International is rising as it secures orders worth Rs 1,063 crore across its civil, transmission & distribution (T&D), renewables and cables & conductors businesses. The orders include a 24 lakh sq ft high-rise residential project, a 400 kV transmission line in Africa, tower and pole supplies in the Americas, and a 50+ MW wind EPC project in Western India.

  • Nazara Technologies is rising as its board of directors appoints Raymond Albaladejo Stauffer as Chief Executive Officer (CEO), succeeding Nitish Mittersain, effective September 1. However, the company reports a net loss of Rs 79.9 crore in Q1FY27 compared to a net profit of Rs 53.5 crore due to higher advertising and platform fees expenses. Revenue declines 24% YoY to Rs 437.6 crore, impacted by the deconsolidation of its e-sports business, NODWIN Gaming.

  • Adani Green Energy's promoter, Ardour Investment Holding, sells 1.7 crore shares for Rs 2,380 crore through a block deal at an average price of Rs 1,400 per share.

  • A fire breaks out at the Noida factory of ILJIN Electronics (India), a material subsidiary of Amber Enterprises. No ILJIN employees or workers are injured, but two firefighters lose their lives while responding to the incident.

  • Life Insurance Corp of India is falling sharply as its promoter, the Government of India, approves selling up to a 6.5% stake through an offer for sale (OFS) at a floor price of Rs 382 per share.

  • KEI Industries is rising sharply as its board of directors approves a Rs 700 crore capex to expand wires & cables capacity at Rajasthan unit. The company's Q1FY27 net profit climbs 40% YoY to Rs 274.1 crore, owing to inventory destocking and lower sub-contracting expenses. Revenue jumps 21.9% to Rs 3,204.9 crore, driven by strong project execution and higher sales in the wires & cables and stainless steel wire segments.

  • DOMS Industries is falling as its Q1FY27 net profit declines 22.3% YoY to Rs 44.5 crore due to higher raw material and employee costs. However, revenue rises 19.3% to Rs 670.5 crore, driven by strong growth across its stationery and hygiene products businesses during the quarter. The company appears in a screener of stocks with a PEG ratio greater than the Industry average.

  • Samhi Hotels' board of directors approves a Rs 750 crore fundraise by issuing equity or other securities. The company's Q1FY27 net profit grows 5.6% YoY to Rs 18.3 crore, helped by lower finance costs. Revenue jumps 7.3% to Rs 308.3 crore, supported by acquisitions and higher revenue per available room (RevPAR).

  • Nifty 50 was trading at 24,599.80 (-174.5, -0.7%), BSE Sensex was trading at 79,132.97 (493.9, 0.6%), while the broader Nifty 500 was trading at 23,695 (-107.9, -0.5%).

  • Market breadth is in the green. Of the 2,206 stocks traded today, 1,109 showed gains, and 1,005 showed losses.

Riding High:

Largecap and midcap gainers today include CG Power and Industrial Solutions Ltd. (880.05, 6.5%), Steel Authority of India (SAIL) Ltd. (173.55, 5.2%) and Hindustan Zinc Ltd. (562.90, 2.9%).

Downers:

Largecap and midcap losers today include Life Insurance Corporation of India (391.30, -8.7%), UPL Ltd. (581.90, -6.2%) and Prestige Estates Projects Ltd. (1,595, -4.5%).

Volume Rockets

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

Top high volume gainers on BSE included Vedant Fashions Ltd. (488, 16.5%), Ather Energy Ltd. (1,454, 14.3%) and KEI Industries Ltd. (5,500, 9.5%).

Top high volume losers on BSE were Life Insurance Corporation of India (391.30, -8.7%), UPL Ltd. (581.90, -6.2%) and Motherson Sumi Wiring India Ltd. (39.73, -4.2%).

Great Eastern Shipping Company Ltd. (1,433, 2.5%) was trading at 21.3 times of weekly average. Graphite India Ltd. (707, 7.5%) and DOMS Industries Ltd. (2,250, -1.8%) were trading with volumes 9.4 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks took off, crossing 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (9,050, 2.6%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,598, 1.4%) and Nestle India Ltd. (1,520, -0.7%).

Stock making new 52 weeks lows included - HDFC Life Insurance Company Ltd. (535.95, -3.1%).

18 stocks climbed above their 200 day SMA including Vedant Fashions Ltd. (488, 16.5%) and Godfrey Phillips India Ltd. (2,336.90, 4%). 13 stocks slipped below their 200 SMA including Life Insurance Corporation of India (391.30, -8.7%) and Aavas Financiers Ltd. (1,386, -3.7%).

 
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