Highlights

RIL, Tata Steel, Sun Pharma, NTPC, Adani Ports lead fall
Market closes lower in choppy trade 
Adani Enterprises shares fall 4% as Q1 profit dips 50% to ₹734 cr
Emami reports 9% profit growth in Q1FY26; stock jumps 6%
Jio Financial Services shares up 3% on fundraising plan
Ambuja Cements shares down 3% post Q1
TVS Motor's Q1 FY26 revenue surges by 20%; stock up by 0.45%
Sensex up 300 pts, Nifty inches close to 25K
HUL shares surge by almost 5%
Nifty Midcap index down by 0.57%; Smallcap index falls by 0.54%
Markets rebound sharply after opening in red today
Markets@12: Nifty crosses 24,800, Sensex stands above 81,300
6 Indian companies sanctioned by US for trading oil with Iran
All sectoral indices except FMCG bearish
Markets@11: Top Gainers and Losers
Nifty Pharma trades in red, Ipca Labs, Lupin, Zydus Life lead fall
Hindustan Unilever Q1 results out, consolidated net profit surges 5.96% to ₹2,768 crore
U.S. President Donald Trump hits out at India-Russia relations 
Brigade Hotel shares list 10% below issue price
Tariff policies may see revision as trade talks progress: Axis Securities
Key sectors and stocks likely to face pressure amid tariff imposition
Major market sell-off unlikely: Anand Rathi Wealth
India faces short-term economic hit from U.S. tariffs
Top gainers and losers
Market opens sharply lower 
HUL, Maruti Suzuki, Adani Enterprises, Vedanta to declare Q1 results today
Asian stocks trade in red as August 1 deadline looms
U.S. stocks end mixed after Fed maintains status quo
Sensex, Nifty fall up to 1% in pre-opening trading

Stock Market Live: Sensex ends 296 pts lower, Nifty at 24,768; RIL, Tata Steel, Sun Pharma, NTPC, Adani Ports lead fall

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Stock Market Live: Sensex ends 296 pts lower, Nifty at 24,768; RIL, Tata Steel, Sun Pharma, NTPC, Adani Ports lead fall
The BSE Sensex and NSE Nifty ended lower in choppy trade on July 31 Credits: Fortune India
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RIL, Tata Steel, Sun Pharma, NTPC, Adani Ports lead fall

On the BSE Sensex pack, 22 out of 30 stocks ended in negative terrain, led by RIL, Tata Steel, Sun Pharma, NTPC, Adani Ports.

On the other hand, HUL, Eternal (Zomato), ITC, Kotak Mahindra Bank, and Power Grid were among top gainers.

Market closes lower in choppy trade 

Indian benchmark indices ended lower in choppy trade on Thursday as investors turned jittery after U.S. President Donald Trump imposed a 25% tariff and penalty on Indian exports.

The BSE Sensex closed 296 points, or 0.36%, lower at 81,185, and the NSE Nifty settled at 24,768, down 87 points, or 0.35%.

Adani Enterprises shares fall 4% as Q1 profit dips 50% to ₹734 cr

Shares of Adani Enterprises declined 4% after the Adani group flagship released its June quarter eanrings report. The company reported a 50% year-on-year decline in consolidated net profit to ₹734 crore for the quarter ended June 2025, while its revenue fell 14% YoY to ₹22,437 crore.

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Emami reports 9% profit growth in Q1FY26; stock jumps 6%

Shares of Emami rallied over 6% after the FMCG major released its June quarter earnings report. The company’s profit after tax grew 9% YoY to ₹164 crore, while revenue stood at ₹904 crore despite a challenging demand environment. Gross margins expanded by 170 basis points to 69.4%, supported by benign input costs and judicious price increases, while EBITDA stood at ₹214 crore.

The quarter witnessed persistent pressure on urban discretionary consumption, while rural demand displayed signs of recovery. However, an unusually soft and shortened summer, caused by unseasonal rainfall and the early arrival of the monsoon, negatively impacted consumption across the company's summer-centric portfolio, the company said in a release.

Jio Financial Services shares up 3% on fundraising plan

Shares of Jio Financial Services climbed over 3% after the company’s board approved a fundraise of up to ₹15,825 crore through the issuance of 50 crore warrants at ₹316.50 each on a private placement basis to members of the promoter group.

Ambuja Cements shares down 3% post Q1

Shares of Ambuja Cements dropped over 3% after the cement company released its June quarter earnings report.

The Adani group company reported a 23% YoY growth in net profit to ₹788 crore for the first quarter of the financial year 2026, while revenue from operations also rose over 23% to ₹10,244 crore in Q1 FY26.

TVS Motor's Q1 FY26 revenue surges by 20%; stock up by 0.45%

TVS Motor's first quarter revenue surged 20% to cross ₹10,000 crore, and net profit jumped 35% to ₹779 crore, on the back of the two and three-wheeler manufacturer recording its highest-ever sales in a quarter, including exports, of 12.77 lakh units.

Sensex up 300 pts, Nifty inches close to 25K

The benchmark indices, BSE Sensex and NSE Nifty, staged a smart recovery by mid-session on Thursday after a steep fall earlier in the day, as investors digested the impact of the U.S. tariff on Indian exports.

HUL shares surge by almost 5%

HUL's shares surged by almost 5% after the FMCG major reported a robust increase in its net profit for Q1 of FY26

Nifty Midcap index down by 0.57%; Smallcap index falls by 0.54%

The broader markets continued to remain under selling pressure. Nifty Midcap index is down 0.57%, while the Smallcap index has fallen by 0.54%.

Markets rebound sharply after opening in red today

The markets rebounded sharply after opening in the red today. As of 12.50 PM today, the Nifty 50 index has recovered over 200 points, while the Sensex inched up close to 50 points after falling over 600 points earlier today.

Markets@12: Nifty crosses 24,800, Sensex stands above 81,300

15 constituents of the Nifty 50 have advanced, while 14 companies of the Sensex 30 are trading in green with HUL still leading in both the scrips. Out of the 2809 stocks traded on the NSE, 944 have advanced, 1773 declined and 92 remained unchanged.

6 Indian companies sanctioned by US for trading oil with Iran

The Trump administration announced sanctions against “entities that have traded in Iran's petroleum”, which affect at least six India-based companies.

These companies are Alchemical Solutions, Global Industrial Chemicals, Jupiter Dye Chem, Persistent Petrochem, Kanchan Polymers, Persistent Petrochem.

Other companies that are affected by these sanctions are based in China, Indonesia, Turkiye, and the United Arab Emirates (UAE).

All sectoral indices except FMCG bearish

Nifty FMCG is trading in green after HUL posted robust Q1FY2026 performance, leading to its share price surging by 3.5%. Emami trails second, clocking a 3% rise, bringing its share price to Rs 582.2.

Markets@11: Top Gainers and Losers

HUL leads the Nifty 50 after posting robust performance in its Q1FY2026 results. Following the lead, Jio Financial Services, and PowerGrid make it to the top three. Major losers that are dragging the scrip down are Adani Enterprises (-1.95%), Wipro (-1.60%), and Reliance Industries (-1.54%).

Nifty Pharma trades in red, Ipca Labs, Lupin, Zydus Life lead fall

The Nifty Pharma index slipped down by 1.14% to 22,809.95. Ipca Labs, Lupin, and Zydus Life drag by 3.17%, 2.79% and 2.15% respectively. Even amongst the pharmaceutical companies in the Nifty 50, Cipla and Dr Reddy's saw a drop in their share prices by 1.16% and 1.48% as well.

This drop is seen as a reaction to U.S. President Trump's ongoing tariff announcements, even though the pharma sector remains exempted. In a Truth Social post, Trump has indicated that duties on drug exports are likely to be introduced soon.

Hindustan Unilever Q1 results out, consolidated net profit surges 5.96% to ₹2,768 crore

India's largest FMCG company, HUL, announced its Q1 results for the current financial year. It's consolidated net profit surges 5.96% to ₹2,768 crore in Q1FY26. The total income rose by 5% year-on-year to ₹16,715 crore in Q1FY26. 

HUL shares rise 2% to ₹2,484.90 on the NSE after strong profit performance.

U.S. President Donald Trump hits out at India-Russia relations 

In a post on his social media platform, Truth Social, Trump lashes out on India for maintaining trade relations with Russia. "I don't care what India does with Russia. They can take their dead economies down together, for all I care," he said in the post. This comes after he announced imposing 25% tariffs on inports from India.

Brigade Hotel shares list 10% below issue price

Shares of Brigade Hotel Ventures made a weak debut on the domestic bourses on Thursday, listing at a 9% discount to the initial public offering (IPO) price.

Brigade Hotel shares opened at ₹82 on the BSE, down 8.9% from the issue price of ₹90, giving the company a market capitalisation of ₹3,114.71 crore. On the NSE, the stock opened at 9.89% lower at ₹81.10 per share.

Tariff policies may see revision as trade talks progress: Axis Securities

While a 25% tariff imposed by the US on Indian exports certainly disrupts vital sectors and presents immediate challenges for India's economy, it is improbable that it will significantly alter the country’s long-term growth path, said Rajesh Palviya, SVP - Research, Axis Securities.

He said that India’s growth narrative is supported by solid fundamentals such as a growing domestic market, vibrant entrepreneurial spirit, and increasing international partnerships. Additionally, elevated tariffs ultimately raise expenses for consumers and businesses in the US, rendering these measures impractical over time.

“Both countries have a shared interest in preserving advantageous trade relations, increasing the chances that tariff policies will be revised or eased in the future. As market conditions and consumer demands evolve, both parties may be inclined towards negotiation and collaboration, which could mitigate any lasting effects of temporary tariff increases."