Sensex, Nifty under pressure; European mrkt advance
Realty, media and banking stocks declined while pharma and FMCG shares advanced.
At 13:25 IST, the barometer index, the S&P BSE Sensex, tanked 497.05 points or 0.61% to 80,963.01. The Nifty 50 index declined 142.20 points or 0.57% to 24,698.10.
In the broader market, the S&P BSE Mid-Cap index fell 0.59% and the S&P BSE Small-Cap index dropped 1%.
The overall market breadth was weak, with more stocks declining than advancing. On the BSE, 1,265 stocks advanced, 2,717 declined, and 199 remained unchanged.
Gainers & Losers:
Shriram Finance (up 2.46%), Cipla (up 1.84%), Grasim Industries (up 1.13%), Tata Consumer Products (up 1.13%) and Hero Motorcorp (up 0.83%) were the major Nifty50 gainers.
Kotak Mahindra Bank (down 7.05%), Bharat Electronics (BEL) (down 2.75%), Bajaj Finance (down 2.60%), Bharti Airtel (down 2.27%) and Titan (down 1.86%) were the major Nifty50 losers.
Kotak Mahindra Bank tumbled 7.05% after the bank reported 7% drop in standalone net profit to Rs 3,282 crore in Q1 FY26 as against Rs 3,520 crore posted in Q1 FY25. However, total income rose 7.91% year on year (YoY) to Rs 16,916.52 crore in the quarter ended 30 June 2025.
Stocks in Spotlight:
ACME Solar Holdings rallied 7.86% after the company?s consolidated net profit stood at Rs 130.83 crore in Q1 FY26, steely higher than Rs 1.39 crore in Q1 FY25. Revenue from operations jumped 65% YoY to Rs 510.98 crore in Q1 June 2025.
Reliance Infrastructure advanced 1.55% after the company reported a consolidated net profit of Rs 59.84 crore in Q1 FY26, compared to a net loss of Rs 233.74 crore posted in Q1 FY25. Revenue from operations fell 17.86% to Rs 5,907.82 crore in the quarter ended 30 June 2025.
Orient Cement rose 0.08% after the company?s standalone net profit surged 459.43% to Rs 205.37 crore in Q1 FY26 as against Rs 36.71 crore posted in Q1 FY25. Revenue from operations rose 24.44% year on year (YoY) to Rs 866.47 crore in the quarter ended 30 June 2025.
Lodha tumbled 3.94%. The company has reported 42% rise in consolidated net profit to Rs 674.70 crore on a 22.7% increase in net sales to Rs 3,491.70 crore in Q1 FY26 as compared with Q1 FY25. For the first quarter, the company?s pre-sales was Rs 4,450 crore (up 10% YoY) and collections aggregating to Rs 2,880 crore (up 7% YoY).
Cartrade Tech surged 10.40% after the company reported a 105.59% jump in consolidated net profit to Rs 47.06 crore in Q1 FY26 as compared with Rs 22.89 crore in Q1 FY25. Revenue from operations increased 22.27% year-on-year to Rs 173.03 crore in Q1 FY26.
Dhampur Bio Organics slipped 5.54% after the firm reported a consolidated net loss of Rs 22 crore in Q1 FY26 compared with a net profit of Rs 0.12 crore in Q1 FY25. Revenue from operations was at Rs 783.68 crore in Q1 FY26, up 22.86% as against Rs 637.84 crore in Q1 FY25.
Global Markets:
European market advanced as U.S. and EU strike trade agreement.
Most Asian markets advanced on Monday as investors awaited further details on upcoming U.S.-China trade talks, set to begin later in the day in Stockholm.
The talks?led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng?are expected to cover a broader range of topics, and Bessent anticipates an extension of the current trade truce between the world?s two largest economies.
A trade deal between the U.S. and EU boosted market sentiment and offered some clarity ahead of major policy decisions by the Federal Reserve and the Bank of Japan later in the week.
One could expect more trade deals to be announced this week as nations race to conclude trade agreements with the US, before the August 1 deadline that has been self-imposed by U.S. President Donald Trump.
On Wall Street, all three major averages finished in positive territory on Friday and posted gains for the weekly period.
The S&P 500 ended the session 0.40% higher, closing at 6,388.64, while the Nasdaq Composite finished the day up 0.24% to reach 21,108.32. The Dow Jones Industrial Average also rose 208.01 points, or 0.47%, to settle at 44,901.92.
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