The BSE Sensex and NSE Nifty are poised to begin the week on a flat note, continuing their recent range-bound trend as August 1 trade tariff deadline approaches. Market sentiment is likely to be influenced by several key factors, including developments in the U.S.-India trade negotiations, foreign fund flows, and ongoing corporate earnings announcements.

As of 8:15 AM, GIFT Nifty futures were trading 33 points lower at 25,000, indicating a gap-down start for the Indian share market.

Last week, the Sensex and Nifty50 extended their losing streak for the third consecutive week as investors remained cautious amid a disappointing start to the earnings season and ongoing uncertainty surrounding the US-India trade deal. While the 30-share Sensex slide 743 points to settle at 81,757.73, the Nifty50 lost 181 points to 24,968.40 during the week ended July 18. However, the broader market displayed some resilience, with the BSE Midcap and Smallcap indices ending marginally higher, gaining up to 1%.

Asian stocks began the week on a positive note, as investors closely monitored potential tariff-related actions by U.S. President Donald Trump ahead of the looming August 1 deadline. The market participants will also monitor the People’s Bank of China’s upcoming announcement on the 1-year and 5-year loan prime rates for July, as well as recent developments in global trade.

Hong Kong’s Hang Seng surged over 0.5%, China’s Shanghai Composite added 0.45%, while Singapore’s Straits Times rose up to 0.7% in early trade. Indonesia’s Jakarta Composite was the top performer with a 0.8% gain, while South Korea’s Kospi advanced 0.4%.

Among others, Taiwan’s Weighted Index fell 0.45%, while Australia’s ASX 200 was down over 0.9% in the final hour of trade. Japanese markets were closed on the eve of Marine Day public holiday.

The market participants will also keep a close eye on the ongoing earnings season, with a series of major results lined up next week. They will first react to the results of three heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank during early trades on Monday.

A slew of big players including Infosys, Dr. Reddy’s Laboratories, Bajaj Finance, Nestle India, and Cipla are scheduled to announce their quarterly results. On the macroeconomic front, key data points such as India’s Infrastructure Output and HSBC Flash PMI numbers for Manufacturing, Services, and Composite will be closely tracked.

Trade-watch: Market participants will be keeping a close eye on the outcome of the U.S.-India trade deal discussions, foreign capital inflows, and individual stock reactions to its corporate earnings.

Q1 results today: Eternal (Zomato), IDBI Bank, UltraTech Cement, PNB Housing Finance, Havells India, CRISIL, Dodla Dairy, Mahindra Logistics, Oberoi Realty, Parag Milk Foods, and many others are scheduled to announce their June-quarter earnings today.

Parliamentary Politics: The Monsoon Session of Parliament begins today amid heightened political tension. The opposition is expected to challenge the Modi government on issues like the cross-border military operation and the ongoing controversy over electoral roll revisions in Bihar.

In the last week, the benchmark indices witnessed profit booking at higher levels. Technically, on daily and intraday charts, the market is holding  lower top patterns, and on weekly charts, it has formed a bearish candle, which is largely negative, said Amol Athawale, VP-technical Research, Kotak Securities.

He projected that the short-term market texture is weak, but a fresh sell-off is possible only after the dismissal of 24,900 and 81600 levels for Nifty and Sensex, respectively. Below this level, the market is likely to retest the levels of 24,600-24,500 and 80700-80400, respectively.

Anthem Biosciences shares are set to make their debut in the Indian stock market today. The ₹3,395.00-crore Anthem Biosciences IPO, which was entirely an offer-for-sale (OFS) of 5.96 crore equity shares, was subscribed 63.86 times.

The retail portion was booked 5.64 times, while the non-institutional investors (NII) segment was subscribed 42.36 times. The Qualified Institutional Buyers (QIBs) category received an overwhelming response, with the quota reserved for them getting 182.65 times bidding.

Foreign portfolio investors (FPIs) have turned net sellers in July, ending a three-month streak of net inflows into Indian equities. As of July 18, FPIs have pulled out ₹10,775 crore, with ₹10,219 crore of that outflow occurring in just five sessions between July 14 and July 18, according to data from the National Securities Depository Ltd (NSDL). This brings total FPI outflows for 2025 so far to ₹1.09 lakh crore.

While FPIs continue to offload holdings in the secondary market, they maintain steady allocations to the primary market, especially through qualified institutional placements (QIPs).

"FPI selling accelerated during the week ending on 18th July. For July through 18th total FPI equity sell figure stood at Rs 10775 crores.( NSDL). However, during this period, FPIs were buyers in the primary market having invested Rs 5251 crores. It is important to understand that FPIs were consistent investors in the primary market even while selling in the cash market through exchanges,” said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

“The important take away from this dualistic behaviour of the FPIs is that whenever valuations get stretched in the secondary market, they sell but consistently buy in the primary market (QIP), where valuations are fair. So long as valuations remain elevated this trend will continue. For 2025 up to 19th July total FPI sell figure stood at Rs 110663 crores while buying through the primary market stood at Rs 27239 crores,” he said. 

India’s underperformance relative to other emerging markets and MSCI EM Index also might have contributed to FPI selling through the exchanges, he added.

The Indian equity market opened on a flat note on Monday, undermining firm cues from Asian peers. Extending opening losses, the BSE Sensex declined as much as 122 points to 81,635, and the NSE Nifty slipped 38 points to 24,964 level.   

Shares of Reliance Industries declined over 2% in opening trade on Monday even after billionaire Mukesh Ambani-owned conglomerate reported record earnings in the June quarter.

RIL reported a 76.5% year-on-year (YoY) growth in its consolidated net profit to ₹30,783 crore for the quarter ended June 2025, while revenue rose 6% to ₹2.73 lakh crore.

After a muted start, Indian stock market extended losses amid weakness in index heavyweights such as RIL, Axis Bank, Tech Mahindra, Infosys, Tata Motors.

The BSE Sensex declined as much as 240 points to 81,518.66, and the NSE Nifty fell 86 points to 24,968.40 level.

Shares of Anthem Biosciences, a contract research, development, and manufacturing organisation (CRDMO), made a strong debut on the domestic bourses on Monday, undermining weakness in the broader market. The stock listed at ₹723.05 on the National Stock Exchange (NSE), marking a 26.85% premium over its initial public offering (IPO) price of ₹570 per share. On the BSE, shares debuted at ₹723.10, up 26.86%, taking the company’s market capitalisation to ₹40,610 crore.

Paring early losses, the Indian share market has turned positive, with the Sensex rebounding by 285 points to cross 84,000 mark, and the Nifty reclaimed the 25,000 level.

In the opening trade, the BSE Sensex declined as much as 122 points to 81,635, and the NSE Nifty slipped 38 points to 24,964 level.

ICICI Bank see its share price rise by 2.42% to ₹1462 and HDFC Bank by 2% to ₹2001 during today's intraday trading. This comes in after both the banks reported a strong performance.

ICICI Bank reported a net profit of ₹12,768 crore, marking a 15.5% year-on-year rise as compared to ₹11,059 crore in Q1 of FY26. Its net interest income (NII) jumped by 10.6% year-on-year to ₹ 21,635 crore.

HDFC Bank reported a 12.2% year-on-year rise in its standalone net profit to ₹18,160 crore for the quarter ended June 30, 2025, despite a modest 5.4% increase in net interest income (NII), which came in at ₹31,440 crore.

Nifty's sectoral indices are trading in green, with auto, media, and metal being up by 0.5%.

Amongst losers, FMCG, IT, PSU Banks and oil and gas are in the list. In broader markets, Midcap and Smallcap indices too were trading flat.

Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company, and a provider of specialist domain-led Business Process Services (BPS), has acquired Pastdue Credit Solutions, a UK-headquartered debt-collection business that serves banks, utility firms, telecoms companies, and government bodies. The acquisition is subject to Financial Conduct Authority (FCA) approval.

At the time of reporting, it was trading at ₹353.55, up by 0.11%, The stock hit its 52-week peak of ₹422.80 on January 7, 2025, and dipped to a 52-week low of ₹226.60 on July 23, 2024. At present, it trades 16.27% below the year’s highest level and 56.22% above the lowest point. Its market capitalisation is ₹24624.7 crores.

Eternal share prices led the scrip by recording a 2.86% rise from its previous closing to ₹264.85. This increase comes in as investors are seeing promise in Zomato's parent company's quarterly results.

Top gainers on the NSE include Astec LifeSciences that has gained over 19.84% , followed by Orissa Bengal Carrier at 15.95%, and Tainwala Chemical and Plastic at 15.92%. Top losers include Ksolves India at 11.96%, T. T. Ltd at 8.16%, and Sindhu Trade Links at 7.63%.

Sona BLW Precision Forgings Ltd. rose to an intraday high of ₹496.45, up 3.4% from the previous close of ₹479.75. Sona Comstar announced on Sunday that the auto component manufacturer has entered the China EV market, establishing a joint venture to manufacture driveline systems and components in China.

ICICI Bank shares rose 2.8% to an intraday high of ₹1,465.90 on the NSE today on the back of strong first quarter results. Net Profit of the private sector lender has surged over 15.5% to ₹127.68 billion.

UCO Bank reported a 10% year-on-year rise in net profit for the first quarter at ₹607 crore, compared to ₹551 crore in the same period last year. Net interest income (NII) grew 7% to ₹2,403 crore from ₹2,254 crore. Asset quality improved sequentially, with gross non-performing assets (NPA) declining to 2.63% from 2.69%, and net NPA easing to 0.45% from 0.50%. Provisions for the quarter came in lower at ₹616 crore versus ₹663 crore in the previous quarter.

Shares of companies linked to India’s capital markets such as BSE, Angel One, and CDS surged by up to 3% on Monday on reports that Securities and Exchange Board of India (Sebi) may allow Jane Street, a U.S.-based global trading firm, to resume trading operations in India. Last week, the New York-based Jane Street Group deposited ₹4,800 crore into an escrow account, as mandated by the regulator in its July 3 order, and had requested the regulator to lift trading restrictions imposed on its participation in Indian equity markets.

UltraTech Cement reported a 49% year-on-year increase in consolidated net profit at ₹2,226 crore for the June quarter, compared to ₹1,495 crore in the same period last year, according to a regulatory filing by the Aditya Birla Group flagship company.

Revenue from operations rose 17.7% to ₹21,275.45 crore in Q1FY26, up from ₹18,818.56 crore a year earlier.

State-owned BEML on Monday announced that its board has approved a stock split in the ratio of 1:2, meaning each existing share will be split into two shares.

In an exchange filing, the company stated that the board has approved the split of one equity share with a face value of ₹10 into two equity shares of ₹5 each.

The record date to determine shareholder eligibility for the split is yet to be announced. If finalised, this will mark BEML’s first-ever stock split.

Shanti Gold International looks to raise ₹360.11 crore via IPO route at a price band of ₹189-199 per share. The issue, entirely a fresh issue of 1.81 crore equity shares, will open for subscription on July 25, 2025, and close on July 29, 2025.

The allotment of shares are expected to be finalised on July 30, and the stock is proposed to be listed on the BSE and NSE on August 1, 2025.

Sun Pharmaceutical Industries on Monday announced top-line results from two phase 3 clinical studies evaluating the efficacy and safety of tildrakizumab 100 mg (ILUMYA) administered over 24 weeks for the treatment of active psoriatic arthritis (PsA).

Treatment with tildrakizumab 100 mg led to significantly greater improvements in psoriatic arthritis signs and symptoms at Week 24 compared to placebo, it said in a BSE filing. Both the INSPIRE-1 and INSPIRE-2 studies met their primary endpoint, with a significantly higher proportion of patients achieving ACR20 responses at Week 24 in the tildrakizumab groups versus placebo (p < 0.05).

These results support the potential regulatory submission of ILUMYA for the treatment of active psoriatic arthritis in the US, it said.

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), signed a Memorandum of Understanding (MoU) with the Goa Energy Development Agency (GEDA) for development of 300 MW or more renewable energy projects with/without energy storage in the state of Goa.

Indian share market ended higher in choppy trade on Monday, with the benchmark indices rising up to 0.55% amid spurt in buying activity in the final hour of trade. The BSE Sensex closed 442 points higher at 82,200, and the NSE Nifty added 122 points to settle at 25,090.  

On the BSE Sensex pack, 18 out of 30 stocks ended in green zone, led by Eternal (Zomato), HDFC Bank, ICICI Bank, UltraTech Cement, M&M and BEL. On the other hand, Reliance Industries (RIL), HCL Tech, HUL, Axis Bank, TCS and ITC were among notable losers.

"Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation. The manufacturing segment gained today as the government is reviewing the scope of expanding the infrastructure spending to support growth," says Vinod Nair, Head of Research, Geojit Investments Limited.

The benchmark Nifty index found support near the crucial demand zone of 24900–24870, which aligns with the confluence of the 50-day EMA and the 61.8% Fibonacci retracement of its recent upswing from 24473 to 25669, says Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities.

Post this technical cushion, the index staged a sharp recovery and closed the session on a positive note at 25090, up 0.49%.

Among Nifty constituents, Eternal, ICICI Bank, and HDFC Bank emerged as the top gainers, while Reliance Industries and Wipro were among the key laggards.

On the sectoral front, Nifty Financial Services, Nifty Private Bank, and Nifty Metal indices led the rally. Conversely, Nifty Oil & Gas, Nifty PSU Bank, and Nifty FMCG indices ended in the red, dragging overall gains, he said.