Highlights
Sensex jumps 300 points, Nifty tops 24,450 as bank stocks drive rally
BEML Ltd shares rise1%
NSDL shares add another 10%; up 78% over IPO price
SBI shares rise 1% post Q1
Tata Motors shares up nearly 2% post Q1
Bluestone Jewellery ₹1,540-cr IPO opens today
Patel Retail fixes price band at ₹237-255 for ₹242.76 cr IPO
Shreeji Shipping Global to raise ₹411 crore at price band of ₹240-252
Clarity on U.S. tariff implementation to steer near-term market direction
Key events to watch this week
SBI, Trent, NTPC lead gainers list
Market opens flat on mixed global cues
Top stocks to watch today
Q1 results today
Asian stocks mixed on trade concerns
Gap-up opening seen for Sensex, Nifty
Stock Market Live: Sensex jumps 300 points, Nifty tops 24,450 as bank stocks drive rally
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Sensex jumps 300 points, Nifty tops 24,450 as bank stocks drive rally
Indian equities advanced on Monday, with the Sensex climbing over 300 points and the Nifty crossing 24,450, led by strong gains in banking and financial stocks amid positive market sentiment.
BEML Ltd shares rise1%
BEML Ltd. shares are trading with gains of over 1%, ahead of their results announcement for the June quarter.
NSDL shares add another 10%; up 78% over IPO price
Extending gaining streak for the fourth consecutive session, shares of NSDL, the country’s oldest and largest depository, rose nearly 10% to ₹1,425 on Monday. At the current level, NSDL shares trade 78% higher than their initial public offering (IPO) price of ₹800 apiece, making investors richer by ₹10,770 crore in three sessions.
NSDL raised ₹4,011.60 crore by public listing of its shares, with its IPO subscribing 41.02 times, receiving bids for over 144 crore shares worth ₹1.15 lakh crore against 3.51 crore shares offered.
The public issue was booked 103.97 times in the qualified institutional buyer (QIB) segment, followed by 34.98 times in the non-institutional investor (NII) segment. The quota reserved for retail investors was booked 7.76 times, while the employee portion was subscribed 15.42 times.
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SBI shares rise 1% post Q1
Shares of State Bank of India (SBI) climbed up to 1% on Monday after the PSU lender recorded a a net profit of ₹19,160 crore in Q1 FY26, up 12.48% year-on-year (YoY).
The operating profit increased by 15.49% year-on-year to ₹30,544 crore. SBI’s return on assets (ROA) was 1.14%, while return on equity (ROE) stood at 19.7% during the quarter. However, the bank’s net interest income (NII) experienced a slight decline of 0.13% year-on-year, with the net interest margin (NIM) for the entire bank at 2.9% and domestic NIM at 3.02%, according to the SBI filing on exchanges.
The lender’s balance sheet steadily expanded, with total bank advances rising by 11.61% YoY to ₹42.5 lakh crore, according to the results. Domestic advances increased by 11.06% YoY, while foreign office advances surged by 14.81% YoY. Segment-wise, SME advances grew by 19.1% YoY, followed by agricultural loans at 12.67% YoY. Conversely, retail personal loans and corporate advances increased by 12.56% and 5.7% YoY, respectively.
Tata Motors shares up nearly 2% post Q1
Shares of Tata Motors rose up to 1.7% in the first hour of trade so far as investors reacted to its June quarter earnings. The auto major reported a 30.5% year-on-year (YoY) decline in consolidated net profit to ₹3,924 crore in Q1, compared to ₹5,643 crore in the same period last year.
Revenue fell 2.5% to ₹1,04,407 crore in Q1 FY26, from ₹1,07,102 crore in the corresponding period last year.
Bluestone Jewellery ₹1,540-cr IPO opens today
The initial public offering (IPO) of digital-first jewellery brand, Bluestone Jewellery and Lifestyle, opened for subscription today. At the upper end of the price band of ₹492 to ₹517, the company looks to raise ₹1,540.65 crore.
The IPO is a fresh issue of 15.9 million equity shares and an offer for sale (OFS) of 13.9 million equity shares.
Ahead of the IPO, the company has garnered ₹693.29 crores from anchor investors by allocating 1,34,09,910 equity shares at ₹517 per share on Aug 8.
Some of the marquee Institutions that participated in the anchor includes Amansa Holdings Pvt Ltd, SBI Life Insurance, Nippon India Mutual Fund, Goldman Sachs, Aditya Birla SunLife MF, HDFC Life Insurance Co Ltd, Societe Generale, Mirae Asset Small Cap Fund, DSP India MF, Amundi Funds New Silk Road, PGIM India MF, ACM Global Fund VCC, Axis Mutual Fund, Motilal Oswal MF.
Patel Retail fixes price band at ₹237-255 for ₹242.76 cr IPO
Maharashtra-based retail supermarket chain Patel Retail has fixed the price band at ₹237-255 a share for its public issue, looking to raise ₹242.76 crore. The IPO is a combination of a fresh issue of equities worth ₹217.21 crore and an offer for sale of shares amounting to ₹25.55 crore.
Patel Retail Ltd has set the price band 15% below its pre-IPO round. In November 2024, the retail supermarket chain operator had raised ₹15 crore from various investors at ₹300 per share in the pre-IPO round.
Shreeji Shipping Global to raise ₹411 crore at price band of ₹240-252
Gujarat-based Shreeji Shipping Global on Monday unveiled price bands for its upcoming initial public offering (IPO), looking to raise around ₹411 crore.
The company, which provides cargo handling, transportation, fleet chartering, and equipment rental services, has set a price band of ₹240-252 for its IPO, aiming to garner ₹410.71 crore at the upper end of the issue price. The issue is entirely a fresh issue of 1.63 crore shares.
Clarity on U.S. tariff implementation to steer near-term market direction
Near-term market direction will be shaped by clarity on US tariff implementation, India’s diplomatic response, and incoming inflation readings, said said Ajit Mishra - SVP, Research, Religare Broking Ltd.
A sustained breach of key supports could accelerate profit-taking, particularly in trade-sensitive and export-oriented sectors. However, domestic demand-driven segments such as infrastructure, select autos, and rural-focused FMCG may display relative resilience if macro conditions hold steady.
"Investors may adopt a defensive-to-neutral stance, prioritizing companies with strong domestic earnings visibility and minimal tariff exposure, while maintaining cash buffers for opportunities during deeper corrections. Global developments, especially from the US economic calendar and any signs of softening trade rhetoric, will be pivotal in determining whether the current downtrend persists or stabilizes."
Key events to watch this week
This week, attention will turn to domestic CPI and WPI inflation data. Developments in US–India trade relations will also remain in focus amid ongoing discussions over a trade agreement.
The earnings season is nearing its end, with key results due from Ashok Leyland, ONGC, IOC, Hindalco Industries, BPCL, and others, which could drive stock-specific action.
SBI, Trent, NTPC lead gainers list
On the BSE Sensex pack, State Bank of India (SBI) Trent, NTPC were among top gainers.
On the other hand, Asian Paints, ICICI Bank, and HUL were among the top laggards.
Market opens flat on mixed global cues
The BSE Sensex and NSE Nifty opened flat on Monday, tracking mixed cues from global peers.
The 30-share Sensex opened 27.5 points lower at 79,885.36, and the Nifty slipped 8 points to 24,371.50 level.
The broader market also opened in red zone, with the BSE MidCap and SmallCap indices falling up to 0.25%.
Top stocks to watch today
Stocks in focus today include ICICI Bank, HPCL, BPCL, IOC, IDFC First Bank, Bharti Airtel, Tata Motors, Siemens, Voltas, Shipping Corporation of India, DOMS Industries, and Manappuram Finance.
Q1 results today
Bata India, BEML, Tilaknagar Industries, Titagarh Rail Systems, Ashoka Buildcon, Ipca Laboratories, Astral, Awfis Space Solutions, Bajaj Consumer Care, Brigade Hotel Ventures, Enviro Infra Engineers, Krsnaa Diagnostics, Praj Industries, Travel Food Services, VST Tillers Tractors, and Websol Energy System will release their June quarter earnings report today.
Asian stocks mixed on trade concerns
Equity markets in the Asia-Pacific region traded mixed on Monday ahead of the deadline for the U.S-.China tariff truce. Japanese markets were closed for a holiday today.
Indonesia’s Jakarta Composite was the top performer in the region, rising up to 0.9%, while China’s Shanghai Composite and Singapore’s Straits Times were marginally up. On the other hand, key indices in Hong Kong in South Korea were trading marginally lower, while Australia’s ASX 200 was up 0.35% in the final hour of trade.
On Friday, U.S. stock ended higher for the second day, with the tech-heavy Nasdaq Composite registering a fresh record closing high. The Dow Jones Industrial Average closed 0.47% higher, the S&P 500 added 0.78%, and the Nasdaq Composite surged 0.98%. For the week, the Nasdaq rallied 3.9%, the S&P 500 advanced 2.4%, the Dow Jones climbed 1.3%.
Gap-up opening seen for Sensex, Nifty
The BSE Sensex and NSE Nifty are set to open slightly higher on Monday, taking mixed signals from global markets amid lingering worries over sharp U.S. tariff hikes on India.
At 8:20 a.m., GIFT Nifty futures rose 45.5 points to 24,439, hinting at a positive start for the key indices.
Last week, the Indian equity market continued its southward journey for the sixth consecutive week, marking its longest stretch of losing streak since the Covid-19 market crash in 2020, amid growing concerns over the impact of U.S. tariffs on Indian exports. On Friday, the BSE Sensex closed 765.47, or 0.95%, lower at 79,857.79, while the NSE Nifty slumped 232.85 points, or 0.95%, to 24,363.30, hitting their 3-month low levels.
The sell-off was triggered earlier this week after U.S. President Donald Trump imposed a 25% tariff on Indian goods, escalating trade tensions over India’s imports of Russian oil. Sentiment was further dampened by weak Q1 earnings across key sectors and continued selling by foreign institutional investors (FIIs), which added to the pressure on equities.
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