Highlights
Sensex, Nifty to open in red
Gift Nifty indicates gap-down opening for markets
S&P 500, Nasdaq hit record high on Google earnings; Dow Jones falls
Asian stocks fall amid profit booking
Bajaj Finserv, Cipla, Bank of Baroda, Paras Defence, and others to announce Q1 results today
Near-term market construct turned weak, says VK Vijayakumar of Geojit Investments
Market opens sharply lower
Bajaj twins, M&M, Tata Steel lead fall
Nifty remains stuck in a tight range of 24,900–25,300
Indian Energy Exchange shares rebound 10%
Johnson Controls-Hitachi Air Conditioning India’s Q1 profit down 57%
All sectoral indices except Nifty Healthcare trade in red
India Volatility Index goes up by 5.68%
Only 6in Nifty 50 and 2 in Sensex 30 trade an uptick
IEX shares rebound up to 13% post Q1
NSDL sets price band at ₹760-800 for ₹4,012 cr IPO
ACC shares down 2% post Q1
Bajaj Finance shares down 4% despite rise in Q1 profit
SBI commences the on-boarding of 13,455 junior associates
SpiceJet to induct 5 Boeing 737 aircraft
Orient Electric Q1 profit rises 22%, revenue up 2%
Market extends fall for 2nd day
Sensex, Nifty fall for 4th week; log longest losing streak of 2025
Sensex bleeds as 28 of 30 stocks end in red
Stock Market Closing: Sensex ends 721 pts lower, Nifty at 24,837; Bajaj twins, Power Grid, TechM drag
ADVERTISEMENT
Sensex, Nifty to open in red
Indian benchmark indices BSE Sensex and NSE Nifty are set to open lower on Friday, mirroring weak trends in Asian markets as caution prevailed ahead of U.S. President Donald Trump’s upcoming tariff deadline next week.
Sectoral stocks across textiles, leather, pharmaceuticals, and automobiles are expected to be in focus today following the landmark free trade agreement (FTA) signed between India and the U.K.
Gift Nifty indicates gap-down opening for markets
At 8:20 AM, GIFT Nifty futures were trading 109 points lower at 24,979, indicating a sharp gap down opening for the Sensex and Nifty.
On Thursday, Indian equity benchmarks closed significantly lower, erasing Wednesday’s gains, as mixed corporate earnings overshadowed the optimism around the proposed India-U.K. free trade agreement. Adding to it, weakness in index heavyweights such as Reliance Industries (RIL), Trent, Bajaj FinServ, and IT major such as Infosys, Tech Mahindra, HCLTech weighed heavily on investor sentiment.
The BSE Sensex settled at 82,184.17, down 542.47 points or 0.66%, while the NSE Nifty50 ended at 25,062.10, slipping 157.80 points or 0.63%. The broader markets also witnessed selling pressure, with the Nifty MidCap 100 and the Nifty SmallCap 100 declined by 0.58% and 1.09%, respectively.
S&P 500, Nasdaq hit record high on Google earnings; Dow Jones falls
In the overnight trade, U.S. stocks ended on a mixed note as strong earnings from Google parent Alphabet and optimism around future trade deals pushed the S&P 500 to its fourth consecutive record close.
The S&P 500 ended 0.1% higher, while the tech-heavy Nasdaq Composite also finished at a new closing high by rising 0.2%. In contrast, the Dow Jones Industrial Average fell 0.6%, weighed down by a post-earnings decline in IBM shares.
Asian stocks fall amid profit booking
Asian markets were mostly trading lower on Friday, as investors locked in profits ahead of a pivotal week marked by U.S. President Donald Trump’s tariff deadline and multiple central bank meetings.
Ending a two-day winning streak driven by the U.S.-Japan trade deal, Japan’s Nikkei 225 index slipped 0.5%.
Hong Kong’s Hang Seng led losses in the Asian markets, falling over 0.8%, while China’s Shanghai Composite, Singapore’s Straits Times, and Taiwan’s Weighted Index declined by up to 0.3%. Australia’s ASX 200 was also down 0.5% in the final hour of trading.
Bajaj Finserv, Cipla, Bank of Baroda, Paras Defence, and others to announce Q1 results today
Bajaj Finserv, Cipla, Bank of Baroda, Paras Defence and Space Technologies, Petronet LNG, Tata Chemicals, SBI Cards and Payment Services will release their June quarter earnings reports on July 25.
Among others, Shriram Finance, Aadhar Housing Finance, ACME Solar Holdings, Gujarat Mineral Development Corporation, Laurus Labs, Poonawalla Fincorp, Steel Authority of India, Sobha, and will also unveil Q1 results today.
Near-term market construct turned weak, says VK Vijayakumar of Geojit Investments
The near-term market construct has turned weak, said VK Vijayakumar, Chief Investment Strategist, Geojit Investments. Sustained FII selling of ₹11,572 crores in the last four trading days will weigh on the market. The weakness in the broader market, particularly in smallcaps, might continue since valuations had turned excessive and difficult to justify, he said.
On the India-UK FTA pact, Vijayakumar said this is India’s first comprehensive trade agreement with a major developed country, has two implications from the market perspective. One, this FTA will significantly boost trade between both countries, which will be seen as a positive by the market. Two, this FTA along with many other FTAs signed by India with other countries, projects India as a nation committed to free trade.
“The fact that this FTA has come during a time of tariff wars is commendable, and hopefully this will improve India’s chances of striking a fair-trade deal with the US. Sectors like textiles, leather, food processing, automobiles, pharmaceuticals and gems and jewellery, which are expected to benefit from the FTA, will be on the market radar.”
Market opens sharply lower
Indian benchmark indices opened sharply lower on Friday, tracking weak cues from Asian peers. The BSE Sensex dropped 385 points to 81,798, and the NSE Nifty decline 130 points to 24,945 level.
Bajaj twins, M&M, Tata Steel lead fall
On the BSE Sensex pack, 24 out of 30 stocks were trading in red, led by Bajaj twins – Bajaj FinServ and Bajaj Finance along with M&M, Tata Steel, Power Grid, and Infosys. On the other hand, Eternal, Trent, BEL, Adani Ports, and ICICI Bank were only gainers.
Nifty remains stuck in a tight range of 24,900–25,300
Nifty is stuck in a tight range of 24,900–25,300 with no clear direction, facing strong resistance at 25,200–25,300, said Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking.
"RSI below 50 signals weak momentum. The 20- and 50-day EMAs at 25,150 and 24,950 mark the consolidation zone. Unless Nifty breaks above 25,300, a cautious approach with a sell-on-rise strategy is ideal."
He said that the Nifty 50 has formed a Bearish Engulfing pattern with high volumes, slipping below the 10- and 20-day EMAs. It's been trading in the lower Bollinger Band for 10 sessions. While the RSI remains weak, Stochastic RSI is positive, and MACD is improving. Overall, the setup looks mixed, with a chance of continued consolidation unless strong buying emerges."
Indian Energy Exchange shares rebound 10%
Shares of Indian Energy Exchange (IEX) rallied over 10% on Friday, after witnessing sharp selling in the previous session, as investors reacted positively to its June quarter earnings report.
IEX recorded a 25.2% year-on-year (YoY) rise in consolidated net profit to ₹120.7 crore from ₹96.4 crore, while revenue increased by 14.7% to ₹141.8 crore from ₹123.6 crore.
Johnson Controls-Hitachi Air Conditioning India’s Q1 profit down 57%
The announcement of the Q1 results affected its stock price, which was trading 1% lower than yesterday's closing, at ₹1740, bringing its market capitalisation to ₹4,730 crore. It reached an intraday high of ₹1,746.35 and a low of ₹1,720.05.
The air-conditioning company recorded a fall in revenue by 14.4% to ₹852.6 crore, compared to last year's ₹996 crore.
All sectoral indices except Nifty Healthcare trade in red
Major losers in Nifty sectoral indices are Nifty Media (-1.78%), Nifty Energy (-1.55%), Nifty Auto (-1.40%), and Nifty Oil and Gas (-1.40%). Even though Nifty Healthcare trades in green, the uptick is marginal, which is 0.02%.
India Volatility Index goes up by 5.68%
India VIX stands at 11.33, increasing by 5.68%. It saw in intraday high of 11.43, which was 6.68% more than its previous closing.
Only 6in Nifty 50 and 2 in Sensex 30 trade an uptick
At 11:45 AM, Sensex came down by 670 points, or 0.82%, while Nifty was trading below the 24,900 mark. Bharati Airtel and Sun Pharma lead the indices, with SBI Life, Dr Reddy's, and Apollo Hospitals pulling the Nifty50 upwards.
IEX shares rebound up to 13% post Q1
Recovering from a record fall in the previous session, shares of Indian Energy Exchange (IEX) rebounded nearly 13% on Friday, as investors reacted positively to its June quarter earnings report.
Early today, IEX shares opened 3.4% higher at ₹137 on the BSE, after ending 29.5% lower at ₹132.45 in the previous session. Extending opening gains, the shares of the power trading platform gained as much as 12.83% to ₹149.45, driven by strong buying momentum.
On Thursday, IEX shares logged their steepest single-day decline of nearly 30% after the Central Electricity Regulatory Commission (CERC) approved plans to introduce ‘market coupling’ from January 2026.
NSDL sets price band at ₹760-800 for ₹4,012 cr IPO
NSDL has set price band at ₹760–800 per share for its IPO, looking to raise ₹4,012 crore at the upper end of the issue price. At the upper end of the band, the company’s market capitalisation is pegged at around ₹16,000 crore.
ACC shares down 2% post Q1
Shares of ACC decline nearly 2% on Friday after the Adani group company reported a 4.35% growth in its consolidated net profit to ₹375.42 crore in the first quarter ended June 30, 2025. The cement manufacturer saw its revenue from operations rising by 18% to ₹6,035.11 crore in Q1 FY26, compared to ₹5,113.05 crore in the same period a year ago.
Bajaj Finance shares down 4% despite rise in Q1 profit
Shares of Bajaj Finance were down over 4% after brokerages gave a mixed verdict following the company’s June-quarter earnings. The company reported 22% jump in consolidated net profit at ₹4,765 crore in Q1 FY26, compared to ₹3,912 crore in the year-ago period. The NBFC's consolidated revenue rose 21% to ₹19,524 crore as compared to ₹16,100 crore in Q1FY25.
SBI commences the on-boarding of 13,455 junior associates
State Bank of India, the nation’s largest and most trusted bank, commences the on-boarding of the newly recruited 13,455 Junior Associates into its vast network of branches across the country.
These new Associates mark a vital addition to the bank’s frontline workforce, bringing renewed energy, commitment, and customer-first spirit that define the SBI’s way of service. This milestone reinforces the bank’s ongoing efforts to enhance customer experience and operational efficiency at every touchpoint.
SBI, on June 11, had announced the hiring of Junior Associates during which the bank’s Chairman CS Setty highlighted the strengthening of human resource capabilities by implementing structured skill development programmes aligned with evolving functional and technological requirements.
SpiceJet to induct 5 Boeing 737 aircraft
SpiceJet has finalised a lease agreement to induct five Boeing 737 aircraft. These aircraft are scheduled to join the airline’s fleet in October 2025, ahead of the commencement of the winter schedule, and will cater to the peak winter season as well as the early summer season of 2026.