Sensex Today Tanks 586 Points | Nifty Below 24,800 | Sun Pharma & Tata Steel Top Losers

Fri, 1 Aug Closing

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   10:30 am   

After opening the day lower, the benchmark indices continued their downward momentum, ended the session in red.

Indian equity markets indices Sensex and Nifty ended the week's last trading session in negative territory after US President Donald Trump announced tariffs on various trading-partner countries, effective 7 August, including 25% tariffs on Indian imports. Notably, Trump has held India's adjusted tariffs steady at 25%.

At the closing bell, the BSE Sensex  closed lower by 586 points (down 0.7%).

Meanwhile, the NSE Nifty closed 203 points lower (down 0.8%).

Trent, Asian Paints, HUL among the top gainers today.

Sun Pharma, Tata Steel, Maruti Suzuki on the hand, were among the top losers today.

The GIFT Nifty was trading at  24,599 lower by 237 points at the time of writing.

The BSE MidCap index ended 1.3% lower and BSE SmallCap index ended 1.6 lower.

Baring FMCG sector and services sector all other sectoral indices are trading negative today with stocks in healthcare sector and telecommunication sector witnesses selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 87.0 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 97,713 per 10 grams.

Meanwhile, silver prices were trading 0.4% lower at Rs 109,480 per 1 kg.

Speaking of the stock market, research analyst Rahul Shah, in his latest video, shares a simple long-term investing approach inspired by Thomas Russo and Warren Buffets.

He talks about choosing a few strong Indian companies that are easy to understand, consistently earn good profits, have honest management, and are reasonably priced.

Its highlights include a 10-stock portfolio created in 2014 using these four filters. Over 10 years, this portfolio did better than the Sensex and BSE 500.

He believes this proves that staying patient and focused can lead to strong returns in the Indian market.

Let's dig deeper into this.

JSW Energy Q1 Profit Jumps

In the news from energy sector, shares of JSW Energy surged 4% after the company reported its Q1 FY26 results.

In Q1FY26, the company's thermal segment generated Rs 32.65 billion (bn) in revenue, up 89.15% YoY from Rs 19.1 bn in the same period the previous year.

Revenue from its renewables segment increased 63.77% year over year to Rs 14.9 bn, up from Rs 9.1 bn in Q1FY25. Additionally, the revenue from its unallocated segment was Rs 0.3 bn, a 44.60% YoY increase from Rs 0.5 bn.

Operationally, JSW Energy's EBITDA increased by 96.82% year over year to Rs 27.8 bn in the June FY26 quarter, up from Rs 14.2 bn in the same period last year.

The EBITDA growth was driven by the addition of organic renewable capacity as well as contributions from O2 Power and Mahanadi.

In Q1FY26, its EBITDA margin increased from 49.22% in the June FY25 quarter to 54.23%.

JSW Energy's renewable energy output jumped 54% to 5 billion units, while its long-term power generation rose 73% to 11.8 billion units in Q1 FY26.

Net profit jumped 42.43% to Rs 7.4 bn in Q1 FY26, up from Rs 5.2 bn last year.

Swiggy's Q1 Loss Widens

Moving on to the news from E-commerce sector, shares of Swiggy declined 4% after the company posted its Q1 FY26 results.

The quarter's revenue grew by 54% to Rs 49.6 bn from Rs 32.2 bn in the same quarter last year.

On EBIT basis, Swiggy's Quick Commerce loss increased from Rs 3.8 bn to Rs 7.9 bn in the previous year.

EBITDA dropped Rs 9.5 bn, compared to Rs 5.4 bn in the same quarter the previous year.

Revenue for Swiggy's food delivery division increased to Rs 17.9 bn during the quarter from Rs 15.1 bn the previous year. On an annual basis, Quick Commerce's revenue climbed from Rs 3.7 bn to Rs 8.1 bn.

The food delivery company's EBIT climbed from Rs 0.7 bn to Rs 2 bn in the previous year. EBIT losses for platform innovations, supply chain, and distribution increased over the previous year.

Swiggy's B2C business saw a 45% jump in orders to Rs 147.9 bn. Food delivery orders rose 18.8% to Rs 80.6 bn, while Quick-commerce orders more than doubled, growing 108% to Rs 56.5 bn.

Swiggy's Q1 net loss of Rs 11.9 bn was nearly twice as large as its Rs 6.1 bn loss from the previous year. One of the main causes of the higher losses was Instamart, the Quick Commerce division.

TeamLease Services Q1 Profit Jumps 28%

Moving on to the news from service sector, TeamLease Services have reported its Q1 FY26 results.

Revenue increased 12% year over year to Rs 28.9 bn, and EBITDA increased 39% to Rs 0.3 bn, increasing the operating margin from 0.9% to 1.1%.

During the quarter, the company added about 5,000 employees, 110 of whom were assigned to its specialised staffing unit. Despite ongoing challenges in the BFSI and IT services verticals, TeamLease has added about 19,000 associates on a year-over-year basis.

Revenue increased by 11% and headcount increased by 5% year over year in the general staffing segment. More than 60% of the 44 new clients the company onboarded in this vertical were covered by the variable staffing model.

Additionally, TeamLease reported funding levels at 14% of volumes and a Day Sales Outstanding (DSO) of 7 days. During the quarter, TeamLease added 118 new logos (clients) overall.

TeamLease's net profit rose 27.8% to Rs 0.3 bn in Q1 FY26, driven by strong operating performance and steady demand in its staffing business.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

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