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Sensex Today Trades Higher | Nifty Below 24,650 | RBI MPC keeps repo rate unchanged at 5.25%
Wed, 5 Aug 10:30 am

Sensex Today Trades Higher | Nifty Below 24,650 | RBI MPC keeps repo rate unchanged at 5.25%Image source: asbe/www.istockphoto.com

Asia markets traded in positive territory on Wednesday, led by South Korea, where the Kospi surged more than 4% at the open, while the small-cap Kosdaq gained 1.6%.

US stock futures traded mixed on Tuesday evening after Wall Street extended its strong rally for a second straight session, with the benchmark S&P 500 ending at a fresh record high.

Here's a table showing how US stocks performed on Tuesday:

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet375.352.880.77%377.67366.16404.44194.47
Apple309.385.961.96%310.42301.32344.57202.16
Meta587.94-2.3-0.39%592.79578.25796.25520.26
Tesla327.355.271.64%329.57320.79498.82297.38
Netflix73.570.240.33%73.7572.3126.7165.1
Amazon277.42-6.6-2.32%281.07275.82287.16196
Microsoft492.815.161.06%499.44479.17553.72349.2
Dow Jones54085.88907.471.71%54272.653641.2154272.643799.2
Nasdaq29733.16956.363.32%29831.429109.2630762.222841.42
Source: Equitymaster

At present, the BSE Sensex is trading 333 points higher, and NSE Nifty is trading 21 points lower. Further, RBI MPC keeps repo rate unchanged at 5.25%.

You can also visit our live blog section for real-time updates and deeper insights into the market.

L&T, NTPC and IndiGo among the top gainers today.

TCS, Sun Pharma and Apollo Hospital on the other hand is among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE 150 Midcap index is trading 0.5% higher and the BSE 250 SmallCap index is trading 0.9% higher.

Sectoral indices are trading mixed today with stocks in healthcare sector and hospital sector witnessed selling pressure. Meanwhile, stocks in auto sector and realty sector witnessed buying.

The rupee is trading at Rs 95.03 against the US dollar.

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...

Speaking of stock markets, Rahul Shah, Research Analyst at Equitymaster, highlights the risks of rising valuations as investor money continues to flow into popular stocks and index funds.

He emphasizes that while passive investing is effective, investors should not ignore valuations, as even great assets can become poor investments when bought at excessive prices.

Watch the video below to know more.

Bharti Airtel Q1FY27 Performance

Shares of Bharti Airtel came into focus after the company reported its Q1 FY27 results.

Bharti Airtel reported a strong performance for the quarter ended June 30, with consolidated net profit rising 37% year-on-year to Rs 81.7 billion (bn), driven by higher mobile tariffs, robust subscriber additions, and continued growth across its India and Africa operations.

Consolidated revenue from operations increased 18.4% year-on-year and 5.7% sequentially to Rs 585.4 bn, while consolidated EBITDA stood at Rs 336.0 bn, resulting in an EBITDA margin of 57.4%.

The company's average revenue per user (ARPU), a key profitability metric, improved to Rs 264 during the quarter from Rs 250 a year earlier, reflecting the impact of tariff hikes and an improving customer mix.

During the quarter, Airtel also completed a share-swap transaction that increased its stake in Airtel Africa to over 79%, reinforcing management's confidence in the long-term growth prospects of its Africa business.

Bharti Airtel Share Price - 1 Year

ONGC Q1FY27 Performance

Shares of Oil and Natural Gas Corporation (ONGC) came into focus after the company reported its Q1 FY27 results.

ONGC reported a 112% year-on-year increase in standalone net profit to Rs 170.3 bn for the first quarter of FY27. Revenue from operations rose 45.2% YoY to Rs 464.6 bn, supported by higher crude oil and gas realizations.

During the quarter, revenue from new well gas stood at Rs 40.0 bn, generating an additional Rs 19.0 bn compared with the administered price mechanism (APM) gas price. New well gas accounted for approximately 38% of ONGC's nomination gas revenue.

On a consolidated basis, net profit declined 43.3% YoY, primarily due to HPCL's net loss of Rs 122.7 bn, driven by under-recoveries on petroleum products following the sharp rise in crude oil prices amid the West Asia crisis. However, improved performance from subsidiaries including ONGC Videsh and MRPL partially offset the impact.

Operationally, ONGC benefited from a sharp improvement in commodity realizations. Net crude oil realization increased 50.4% YoY to US$99.45 per barrel, while crude produced through joint ventures realized US$103.34 per barrel, up 52.3% from a year earlier.

Kalyan Jewellers India Q1 FY27 Performance

Shares of Kalyan Jewellers India came into focus after the company reported its Q1 FY27 results.

The company reported a 32% year-on-year (YoY) increase in net profit to Rs 3.5 bn for the first quarter, compared with Rs 2.6 bn in the corresponding period last year. On a sequential basis, however, net profit declined from Rs 4.1 bn reported in the March quarter.

Revenue from operations rose 46% YoY to Rs 105.9 bn, up from Rs 72.7 bn a year earlier. Sequentially, revenue declined 3%.

The contribution from studded jewellery, a higher-margin segment, moderated during the quarter. In India, the share of studded jewellery sales declined to 29.7% from 30.3% a year earlier, while in the Middle East it fell to 16.3% from 18.3%.

At the operating level, EBITDA increased 25% YoY to Rs 6.3 bn, compared with Rs 5.1 bn in the year-ago quarter. However, EBITDA declined 14% on a quarter-on-quarter basis, while the EBITDA margin contracted by 100 basis points both year-on-year and sequentially to 6.0%.

You can check Indian stock market live updates daily here.

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