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Trendlyne Marketwatch
11 Aug 2026
Market closes lower amid rising oil prices and US-Iran uncertainty
By Trendlyne Analysis

 

Nifty 50 closed at 24,471.70 (-112.1, -0.5%), BSE Sensex closed at 78,154.25 (-388.2, -0.5%) while the broader Nifty 500 closed at 23,681.15 (-62.1, -0.3%). Market breadth is in the red. Of the 2,787 stocks traded today, 1,205 were in the positive territory and 1,524 were negative.

Indian indices closed lower as oil prices hit a one-week high amid fading hopes of a US-Iran peace agreement. The Indian volatility index, Nifty VIX, fell 3.2% and closed at 11.9 points. Dilip Buildcon closed lower after its board approved the sale of under-construction transmission and solar projects worth up to Rs 8,400 crore to Alpha Alternatives to reduce funding needs and shift to an asset-light model.

Nifty Smallcap 100 closed higher, while Nifty Midcap 100 closed flat. BSE Hospitals and BSE Realty Index are among the top index losers today. According to Trendlyne’s sector dashboard, Cement and Construction emerged as the worst-performing sector of the day, with a fall of 1.3%.

Asian markets closed mixed. European markets and US index futures traded with varied trends. Investors await Wednesday’s US CPI data for July, which could shape expectations for the Fed’s September policy meeting. Meanwhile, Nvidia partnered with six financial institutions to raise over $500 billion for AI infrastructure. Brent crude oil futures traded higher as hopes of a US-Iran deal weakened after Trump sought compensation from Iran as part of any peace agreement.

  • Money Flow Index (MFI) indicates that stocks like One97 Communications and Redington are in the overbought zone.

  • Deven Choksey upgrades Ramco Cements to 'Hold' from 'Sell' and raises its target price to Rs 985, implying a 5.1% upside. The brokerage expects the mineral-bearing land tax in Tamil Nadu to weigh on profitability. However, it views continued capacity expansion and a higher green energy mix as positives. It expects revenue to grow at a 9.3% CAGR over FY27-28.

  • Bondada Engineering's subsidiary, Bondada Renewable Energy, secures orders worth Rs 513.9 crore to set up 200 MW battery energy storage system (BESS) projects in Tamil Nadu and supply 100 BSNL towers in Udaipur and Ahmedabad.

  • Bank of Baroda hikes its 3-month marginal cost of funds based lending rate (MCLR) by 10 bps to 8.3%, effective August 12. Other tenures remain unchanged.

  • Larsen & Toubro reportedly plans to manufacture rare-earth magnets in India as it capitalises on the government’s push to reduce import dependence and curb China’s dominance in the critical industrial component. The conglomerate is preparing to bid for the government’s Rs 72.8 billion incentive programme for rare-earth magnets. The scheme has received 15 bids so far, including one from a consortium comprising Japan’s Proterial and two Indian automakers. 

  • KPI Green Energy plunges to its 52-week low of Rs 332.9 as its Q1FY27 net profit drops 17.6% YoY to Rs 85.6 crore due to higher raw materials, employee benefits, finance and depreciation costs. However, revenue jumps 15.6% to Rs 709.8 crore, helped by higher land and power sales. It shows up in a screener of stocks with growing costs for long-term projects.

  • NLC India's subsidiary, NLC India Renewables, secures an order from the Solar Energy Corp of India (SECI) to set up and supply power from a 200 MW wind project in Karnataka.

  • RailTel Corp of India secures an order worth Rs 119.2 crore from the Department of Posts to provide cloud services management.

  • Ather Energy and Ola Electric Mobility gain as the government extends benefits under the PM E-DRIVE scheme for registered electric two-wheelers. However, the Ministry of Heavy Industries amended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, reducing the incentive for registered electric two-wheelers to Rs 2,500 per kWh, capped at Rs 5,000 per vehicle. The revised incentive applies from April 1, 2025, to March 31, 2028. 

  • Lloyds Metals & Energy's Q1FY27 net profit soars 2.6x YoY to Rs 1,726.6 crore, supported by lower inventory costs and efficiencies from downstream integration. Revenue surges 3.1x to Rs 7,482.7 crore, driven by higher pellet, iron ore and direct-reduced iron (DRI) production. The stock also features in a screener of affordable companies with high return on equity (RoE) and strong momentum.

  • Apollo Hospitals and Max Healthcare fall after a parliamentary panel recommends capping private hospital room rents at rates charged by three-star hotels. The panel also proposes standardising treatment and diagnostic charges. If implemented, these measures could reduce revenue per patient and pressure hospital margins.

  • Lupin receives US FDA approval for its abbreviated new drug application (ANDA) for Sodium Zirconium Cyclosilicate oral suspension. The drug is a bioequivalent to the reference listed drug (RLD) Lokelma oral suspension of AstraZeneca Pharmaceuticals and is used to treat high blood potassium. It had estimated sales of $568 million in the year ended June 2026, according to IQVIA.

  • India’s US crude oil imports are set to fall to their lowest level since December 2024, despite Washington’s push to curb reliance on Russian oil. Kpler analyst Sumit Ritolia notes US imports peaked at around 565,000 bpd in October 2025 before declining steadily. Russian crude remains attractive to Indian refiners due to its competitive pricing, availability and suitability for several large refineries.

  • Zen Technologies is rising sharply as it secures an order worth Rs 295 crore from the Ministry of Defence to supply simulators.

  • Kolte-Patil Developers surges over 18% as it reports a Q1FY27 net profit of Rs 146.3 crore against a loss of Rs 17 crore last year. Revenue rises over 11-fold to Rs 919.5 crore, driven by the completion of around 1.3 million sq. ft. across projects in Pune and Mumbai. Higher revenue recognition improves fixed-cost absorption, lifting its EBITDA margin to 22% from -11%.

  • Vodafone Idea rises as its Q1FY27 net loss narrows 43.2% YoY to Rs 3,754 crore, helped by lower staff, network and finance costs and a Rs 1,611 crore one-time gain from the sale of shares. Revenue grows 6.4% to Rs 11,884 crore, supported by higher average revenue per user (ARPU) and subscriber growth. The stock also features in a screener of undervalued growth stocks.

  • KEC International MD & CEO Vimal Kejriwal maintains the FY27 revenue growth guidance of 12–15%, though growth is likely to be at the lower end of the range. He expects margins to reach 6.5–7% in Q3, as labour availability has improved to around 90% of requirements. The company remains on track to reduce debt by up to Rs 6,000 crore by March 2027.

  • Jubilant Pharmova is falling sharply as its Q1FY27 net profit drops 45.1% YoY to Rs 56.5 crore due to higher raw materials, inventory, employee benefits, finance and depreciation & amortisation expenses. However, revenue rises 17.6% to Rs 2,249.3 crore, helped by traction in the radiopharma, allergy immunotherapy, contract manufacturing and generics segments. It shows up in a screener of stocks with the highest increase in promoter pledges.

  • Capillary Technologies India rises as its promoter, Capillary Technologies International, sells 32.9 lakh shares for Rs 171.5 crore through a bulk deal at an average price of Rs 520.9 per share.

  • Jupiter Wagons is rising as it secures two orders worth Rs 211 crore from JSW Port Logistics and Orissa Alloy Steel to supply 479 train wagons. The company also emerges as the preferred bidder to set up two battery energy storage systems (BESS) in Jeerat and Kharagpur.

  • Data from the Association of Mutual Funds in India (AMFI) shows mutual fund AUM rising to Rs 85.8 lakh crore in July, with equity inflows remaining strong as investors favour mid- and small-cap funds. Net equity inflows increase to Rs 24,697.4 crore from Rs 22,907.8 crore in June, pushing overall flows sharply into positive territory.

  • PC Jeweller is rising sharply as its board of directors approves a Rs 1,000 crore fundraise through a qualified institutional placement (QIP). The company's Q1FY27 climbs 37.2% YoY to Rs 222.2 crore, supported by inventory destocking and lower finance costs. Revenue jumps 8.8% to Rs 879.3 crore, driven by retail network expansion and strong jewellery demand.

  • Dilip Buildcon is falling as its board of directors approves selling its under-construction transmission and solar projects worth up to Rs 8,400 crore to Alpha Alternatives. The move comes as part of its aim to shift to an asset-light model, reducing the funding burden of long-term projects. The company's Q1FY27 net profit plunges 50.7% YoY to Rs 113 crore due to a higher base a year ago from a one-time gain. Revenue drops 14.5% to Rs 2,424.9 crore, impacted by slower execution of the annuity and engineering, procurement & construction (EPC) projects.

  • Bharat Electronics secures orders worth Rs 541 crore for communication equipment, electro-optic systems, ammunition fuzes, CBRN systems, spares and services.

  • Gland Pharma soars to its 52-week high of Rs 2,928.6 in Q1FY27 net profit surges 47.1% YoY to Rs 317 crore, fueled by lower finance costs and a richer business mix. Revenue grows 19.1% to Rs 1,861.5 crore, thanks to launches in the contract manufacturing segment and higher sales in the US and Europe. The company features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Nifty 50 was trading at 24,504.75 (-79.1, -0.3%), BSE Sensex was trading at 78,509.77 (-32.7, 0.0%), while the broader Nifty 500 was trading at 23,703.05 (-40.2, -0.2%).

  • Market breadth is in the green. Of the 2,220 stocks traded today, 1,182 showed gains, and 944 showed losses.

Riding High:

Largecap and midcap gainers today include Zydus Lifesciences Ltd. (1,191, 6.4%), PB Fintech Ltd. (1,733, 6.3%) and Info Edge (India) Ltd. (1,360, 6.1%).

Downers:

Largecap and midcap losers today include Godrej Properties Ltd. (2,037.90, -3.3%), Lloyds Metals & Energy Ltd. (1,987, -3.2%) and Mahindra & Mahindra Financial Services Ltd. (399.50, -3.1%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Finolex Cables Ltd. (1,213, 14.6%), Chennai Petroleum Corporation Ltd. (1,418, 14.4%) and Mangalore Refinery And Petrochemicals Ltd. (180.60, 10.8%).

Top high volume losers on BSE were Triveni Turbine Ltd. (600.90, -5.6%), KEC International Ltd. (452.20, -5.0%) and Lloyds Metals & Energy Ltd. (1,987, -3.2%).

Gland Pharma Ltd. (2,933, 10.0%) was trading at 16.8 times of weekly average. CIE Automotive India Ltd. (413.90, 1.1%) and Zydus Lifesciences Ltd. (1,191, 6.4%) were trading with volumes 10.8 and 9.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

22 stocks overperformed with 52 week highs, while 5 stocks hit their 52 week lows.

Stocks touching their year highs included - Bajaj Auto Ltd. (11,717, 0.3%), Bosch Ltd. (45,185, 3.9%) and Zydus Lifesciences Ltd. (1,191, 6.4%).

Stocks making new 52 weeks lows included - HDFC Bank Ltd. (729, -0.3%) and JK Lakshmi Cement Ltd. (550, -1.6%).

13 stocks climbed above their 200 day SMA including Mangalore Refinery And Petrochemicals Ltd. (180.60, 10.8%) and PB Fintech Ltd. (1,733, 6.3%). 23 stocks slipped below their 200 SMA including Great Eastern Shipping Company Ltd. (1,291, -2.9%) and Max Healthcare Institute Ltd. (1,040, -2.7%).

 
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