Indian share market is set to open higher on Wednesday, July 23, taking cues from firm gains in Asian markets after the U.S. announced a trade agreement with Japan. At 8:10 AM, GIFT Nifty futures were trading higher by 73.5 points at 25,157, suggesting a strong start for domestic benchmark indices, BSE Sensex and NSE Nifty.

Market focus will remain on quarterly earnings, as healthy corporate results are essential to support the current premium valuations. “A significant takeaway from the early Q1 results is the improving prospects of banking and digital stocks. In banking the market will be choosey with focus on the high quality private sector banks, particularly ICICI Bank and HDFC Bank. Q1 results of Eternal and Paytm indicate steady growth potential of the digital stocks which have a long runway of growth. Investor interest in the digital segment will remain high despite the high valuations," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

Around 60 companies are scheduled to report their financial results for the June quarter today. Among the key names to watch are Infosys, Bajaj Housing Finance, Aditya Birla Real Estate, Dr. Reddy’s Laboratories, Coforge, Oracle Financial Services Software (OFSS), Persistent Systems, Syngene International, Tata Consumer Products (TCPL), Tata Teleservices (Maharashtra), and Westlife Foodworld.

Here are top stocks that will be in focus today:

United Breweries: The liquor company reported a 5.9% year-on-year (YoY) rise in consolidated net profit to ₹184.03 crore for Q1FY26, compared to ₹173.80 crore in the same period last year.

Paytm (One97 Communications): The fintech firm posted its first-ever consolidated net profit of ₹122.5 crore for the quarter ended June 2025, driven by cost optimisation and higher payment revenues.

Dixon Technologies: The company reported a 100% YoY jump in net profit to ₹280 crore in Q1FY26, driven by robust performance in its mobile and electronic manufacturing services (EMS) divisions.

IRFC (Indian Railway Finance Corporation): The railway-related PSU company reported an 11% rise in net profit to ₹1,746 crore for Q1FY26, up from ₹1,577 crore a year ago.

Hyundai Motor India: The auto major has received a GST demand of ₹517.34 crore, including penalty, related to alleged underpayment of compensation cess on select SUV models for the period between September 2017 and March 2020.

Dalmia Bharat: The cement major reported a nearly threefold jump in consolidated net profit to ₹395 crore in Q1FY26, compared to ₹145 crore a year ago, aided by better sales realisation and cost control.

Magellanic Cloud: The IT services firm posted a 4.75% YoY increase in consolidated PAT to ₹27.77 crore.

Mahindra Finance: The Mahindra group company posted a 6% YoY increase in consolidated net profit to ₹529 crore for Q1FY26.

Lloyds Metals and Steel: The company plans to invest over ₹40,000 crore to set up a steel plant and related units in Gadchiroli, Maharashtra, over the next five years.

Oberoi Realty: An institutional investor is likely to offload around 3% of its stake in Oberoi Realty via a block deal today. The total block size is expected to be $230 million, as per report.

Lodha Developers: An existing investor is looking to sell a 1% stake in the company, worth around $165 million, via a block deal today.

Denta Water and Infra Solutions: The company has secured new orders to execute seven projects worth ₹183 crore, taking total outstanding order book to ₹745.5 crore.

Veranda Learning Solutions: The company has raised ₹357.4 crore through the allotment of 1.58 crore shares to qualified institutional buyers at ₹225.2 per share.

Kirloskar Ferrous Industries: The company has been declared the preferred bidder for the Jambunatha iron ore mine in the auction held on January 27, 2025.

Alpex Solar: The company has received a ₹230 crore work order for the supply of solar modules from a leading industry player.