Sensex Today Rallies 540 Points | Nifty Above 24,750 | MobiKwik Up 4%

Closing

Although the benchmark indices opened higher, they traded positive throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50 extended its winning streak to the fourth session as oil prices corrected sharply on reports of US and Iran talks.

At the closing bell, the BSE Sensex  closed 540 points higher (up 0.7%)

Meanwhile, the NSE Nifty closed 390 points higher (up 1.%)

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

TCS, Infosys, ITC were the top gainers today.

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Bharti Airtel, Maruti Suzuki, Tata Steel on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,653 with 205 points higher at the time of writing.

The BSE 150 Midcap index is trading 0.7% higher and the BSE 250 SmallCap index is trading 1.3% higher.

Baring hospital sector and oil & gas sector all other sectoral indices were trading positive today with IT sector and services sector witnessed buying.

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 95.3 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 1,43,710 per 10 grams.

Meanwhile, silver prices were trading 0.4% higher at 2,18,265 per 1 kg.

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.

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MobiKwik Q1 Results

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

MobiKwik's revenue from operations grew 3.7% year-on-year to Rs 281.5 m in the first quarter of FY27, up from Rs 271.4 m in the corresponding period last year. Sequentially, the fintech's profit increased 73.7%, while revenue declined 2.5%.

EBITDA stood at Rs 15.8 m in Q1 FY27, while the platform's gross merchandise value (GMV) reached an all-time quarterly high of Rs 58,700 m, marking a 50 per cent year-on-year increase.

Fixed costs as a percentage of total income were 39%, reflecting an investment phase focused on high-growth segments. In an exchange filing, MobiKwik reported a net profit of Rs 76 m in Q1, compared with a net loss of Rs 419.2 m in the year-ago period.

Muthoot Finance Q1 Results

Shares of Muthoot Finance came into focus after the company reported its Q1 FY27 results.

Muthoot Finance reported a 43% year-on-year increase in consolidated net profit to Rs 28.3 billion (bn) in the first quarter ended June 2026, compared with Rs 19.7 bn in the corresponding period last year.

Total income rose to Rs 87.0 bn during the quarter from Rs 64.9 bn a year earlier, while total expenses increased to Rs 49.0 bn from Rs 38.1 bn.

The company's loan assets under management (AUM) grew 43% year-on-year to Rs 1,915.3 bn as of the end of June 2026, up from Rs 1,339.4 bn in the year-ago period.

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GAIL Q1 Results

Shares of Muthoot Finance came into focus after the company reported its Q1 FY27 results.

GAIL reported a consolidated net profit of Rs 4.67 bn in Q1 FY27, compared with Rs 2.38 bn in the corresponding quarter a year earlier. Revenue from operations increased to Rs 41.35 bn in the reporting quarter from Rs 35.43 bn in the same quarter last year.

The company said earnings from its natural gas transmission business rose 14% year-on-year to Rs 1.78 bn, while earnings from natural gas marketing surged to Rs 3.48 bn from Rs 1.07 bn a year ago.

Earnings from the LPG business climbed to Rs 0.77 bn in the April-June quarter from Rs 0.21 bn a year earlier. Meanwhile, losses in the petrochemical segment narrowed to Rs 0.12 bn from Rs 0.25 bn in the corresponding period last year.

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

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Sensex Today Trades Higher | Nifty Above 24,500 | Metal Stocks Shine

10:30 am

Asia-Pacific markets opened lower on Monday, with major indices trading in the red.

US stock futures traded higher on Sunday evening as investors looked ahead to the July employment report and a packed earnings calendar in the first week of August. Wall Street ended Friday's session on a positive note.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	356.65	22.97	6.88%	358.88	339.16	404.44	188.7
Apple	308.91	-24.52	-7.35%	310.69	300	344.57	201.5
Meta	556.71	17.68	3.28%	558.33	540.22	796.25	520.26
Tesla	311.21	2.36	0.76%	315.5	301.97	498.82	297.38
Netflix	71.71	-1.46	-2.00%	72.75	71.11	126.71	65.1
Amazon	271.58	36.08	15.32%	273.23	262.01	278.56	196
Microsoft	464.72	13.62	3.02%	466.84	449.33	553.72	349.2
Dow Jones	52485.03	276.97	0.53%	52623.14	51996.32	53289.3	43340.68
Nasdaq	28274.2	167.85	0.60%	28606.78	27954.24	30762.2	22673.88

Source: Equitymaster

At present, the BSE Sensex is trading 492 points higher, and NSE Nifty is trading 146 points higher.

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

Indigo, ITC and Tata motors Passenger vehicle among the top gainers today.

Sun Pharma, Cipla and ONGC 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.

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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 0.4% higher and the BSE 250 SmallCap index is trading 0.8% higher.

Baring consumer durable sector all other sectoral indices are trading positive today with stocks in metal sector and FMCG sector witnessing buying.

The rupee is trading at Rs 95.16 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.

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ITC Q1FY27 Performance

Shares of Tata ITC came into focus after the company reported its Q1 FY27 results.

ITC Ltd reported a 27% year-on-year decline in net profit to Rs 35.8 billion for the quarter ended June 30, 2026, compared with Rs 51.1 bn in the corresponding quarter last year.

Revenue from operations increased 28% year-on-year to Rs 269.4 bn, up from Rs 216.9 bn a year earlier.

At the operating level, EBITDA declined 27.9% to Rs 45.1 bn from Rs 62.6 bn in the year-ago period. EBITDA margin contracted to 26.7%, compared with 31.7% in the corresponding quarter last year.

BEL Bags Another Major Defence Contract

Shares of Navratna defence PSU Bharat Electronics Ltd. (BEL) are likely to remain in focus on Monday, 3 August 2026, after the company announced fresh order wins worth Rs 8.47 bn in a post-market regulatory filing on Friday.

The new contracts, secured since BEL's previous disclosure on 13 July 2026, cover the supply of electro-optics, security operations centres, seekers, components, spares, and related services, among other products.

Earlier this month, on 13 July 2026, BEL had announced orders worth Rs 5.72 bn, including communication equipment, avionics, encryptors, tank sub-systems, electronic voting machines (EVMs), batteries, components, upgrades, spares, and associated services.

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Maruti Suzuki Q1 FY27 Performance

Shares of Maruti Suzuki came into focus after the company reported its Q1 FY27 results.

The company's total sales volume increased 29.3% year-on-year during the first quarter, driven by a 34.1% rise in domestic small car sales, a 44.6% increase in SUV sales, and 28.6% growth in exports. Its domestic market share improved by 2.3 percentage points to 41.2%. The higher volumes were supported by the commissioning of the company's second manufacturing plant in Kharkhoda, while dealer inventory remained healthy at around 13 days at the end of the quarter.

Net sales rose 36% year-on-year to Rs 499.6 bn in Q1 FY27 from Rs 366.2 bn in the corresponding quarter last year. However, rising raw material costs, which intensified during the quarter due to the war, weighed on profitability. As a result, net profit declined to Rs 33.5 bn from Rs 37.6 bn in Q1 FY26.

The board also approved the first phase of four compressed biogas (CBG) projects with a total investment of Rs 5.6 bn. Further expansion of its CBG manufacturing business will be evaluated based on the performance of these initial projects.

You can check Indian stock market live updates daily here.

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Astra Bags Major HAL Defence Contract | LIC Housing Finance Q1 FY27 Results | Top Buzzing Stocks Today

Pre-Open

Indian benchmark indices traded positive throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50 ended higher for the third day as auto and financial services shares advanced.

At the closing bell on Friday, the BSE Sensex  closed 166 points higher (up 0.2%)

Meanwhile, the NSE Nifty closed 66 points higher (up 0.2%)

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

Bajaj Finance, M&, Tata Steel were the top gainers today.

TCS, Infosys, Tech Mahindra on the other hand, were among the top losers today.

The BSE 150 Midcap index is trading 0.3% higher and the BSE 250 SmallCap index is trading 0.4% higher.

Sectoral indices were trading mixed on Friday with power sector and auto sector witnessed buying. Meanwhile, stocks in private bank sector and IT sector witnesses selling pressure.

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

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Speaking of stock markets, Tanushree Banerjee, Research Analyst at Equitymaster, highlights that tollbooth monopoly stocks are facing rising regulatory risks that could weaken their strong moats.

She notes that changes like market coupling are challenging platforms such as IEX. The main risk is not earnings, but valuation de-rating due to reduced pricing power.

Watch the video below to know more.

Top buzzing stocks today

Mankind Pharma share price will be in focus today.

Shares of Mankind Pharma came into focus after the company reported its Q1 business update.

For the quarter ended June, Mankind Pharma reported a consolidated net profit of Rs 5.68 billion, up 29.6% year-on-year, driven by strong revenue growth, lower finance costs, and controlled expenses.

Hyundai Motors share price will be in focus today.

Shares of Hyundai Motors came into focus after the company reported its Q1 business update.

Hyundai Motor India reported a consolidated profit after tax of Rs 8.89 billion for the quarter ended June 30, 2026, down 35.1% year-on-year as higher expenses weighed on earnings.

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Astra Bags Major HAL Defence Contract

Astra Microwave secured an order worth Rs 22.05 billion (bn) from HAL for the supply of 122 Airborne Active Antenna Units (AAAU) and 121 Interface Frames for the indigenous Uttam AESA Radar programme.

The order will be executed over the next five years and is one of the largest in the company's history, exceeding its existing order book.

It strengthens Astra Microwave's position in India's indigenous airborne radar ecosystem and reinforces its long-standing partnership with HAL on the Uttam AESA Radar programme.

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Thermax Q1 FY27 Results

Thermax reported an 85% year-on-year (YoY) decline in consolidated profit after tax (PAT) to Rs 220 million in Q1FY27 from Rs 1.51 bn a year earlier.

Profit before tax (PBT) fell 80% to Rs 420 million from Rs 2.11 bn in the corresponding quarter of the previous fiscal year.

Consolidated operating revenue rose 7% YoY to Rs 23.03 bn from Rs 21.58 bn.

The company said its Q1FY27 performance was affected by a Rs 910 million increase in the estimated cost to complete a specific project in the Industrial Infra segment following developments identified during the quarter.

In addition, the year-ago quarter included Rs 560 million in income under the Package Scheme of Incentives for a subsidiary in the Industrial Infra segment. Lower export sales also weighed on the profitability of the Industrial Products segment during the quarter.

Thermax offers solutions across clean air, clean energy, clean water and chemicals.

LIC Housing Finance Q1 FY27 Results

LIC Housing Finance reported a 9.9% year-on-year (YoY) increase in net profit to Rs 14.99 bn in Q1FY27 from Rs 13.64 bn in the corresponding quarter of the previous fiscal year.

Revenue declined by 1.3% YoY to Rs 70.67 bn from Rs 71.62 bn in the year-ago quarter.

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