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Kanwarbir Singh Kalra, chief executive officer, GMR Visakhapatnam International Airport, said, “The commencement of commercial operations at Alluri Sitarama Raju International Airport marks a transformational moment for North Andhra Pradesh and the beginning of a new chapter in the region's connectivity journey. This achievement reflects years of meticulous planning, engineering excellence, regulatory compliance, and operational preparedness by our teams and partners.
This airport will serve as a powerful catalyst for trade, tourism, investment, and employment, while strengthening regional and global connectivity and supporting the long-term economic growth of North Andhra Pradesh.”
GMR Airports is mainly engaged in the development, maintenance, and operation of airports; generation of power; coal mining and exploration activities; development of highways; and development, maintenance, and operation of special economic zones.
The company’s consolidated net profit tumbled 144.06% to Rs 91.04 crore despite 23.76% jump in net sales to Rs 3966.88 crore in Q1 FY27 over Q1 FY26.
The scrip shed 0.34% to settle at Rs 101.50 on Monday, 17 August 2026.
This marks a significant milestone in Andhra Pradesh's aviation journey, strengthening the state's position as the “Gateway of the East” for domestic and international travel.
The Nifty traded below the 24,350 mark, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices, Gold and developments on the global geopolitical front for further indications on the market's near-term trajectory.
Barring the media index, all sectoral indices on the NSE traded in the red, led by declines in pharma, PSU Bank and consumer durables stocks.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 179.88 points or 0.23% to 77,785.81. The Nifty 50 index fell 91.65 points or 0.38% to 24,344.30.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.25% and the BSE 250 SmallCap Index jumped 0.30%.
The market breadth was strong. On the BSE, 1,834 shares rose and 1,190 shares fell. A total of 215 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,002.50 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,841.66 crore in the Indian equity market on 12 August 2026, provisional data showed.
Numbers to Track:
The yield on India's 10-year benchmark federal paper was unchanged at 6.777.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.3600 compared with its close of 95.3325 during the previous trading session.
MCX Gold futures for 5 October 2026 settlement shed 0.05% to Rs 1,54,808.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 100.
The United States 10-year bond yield advanced 0.60% to 4.664.
In the commodities market, Brent crude for October 2026 settlement fell 72 cents or 0.81% to $88.26 a barrel.
Stocks in Spotlight:
GMR Airports declined 0.82%. The company reported consolidated net profit of Rs 91 crore in Q1 FY27, compared with a loss of Rs 211.6 crore in Q1 FY26. Consolidated revenue rose 23.7% YoY to Rs 3,964 crore from Rs 3,205.2 crore.
Gujarat Pipavav Port added 2.07% after the company reported a 41.8% YoY increase in consolidated net profit to Rs 147.9 crore in Q1 FY27, compared with Rs 104.3 crore in Q1 FY26. Consolidated revenue rose 32.6% YoY to Rs 331.8 crore from Rs 250.1 crore.
Lenskart Solutions jumped 4.67% after the company reported a 269.2% YoY surge in consolidated net profit to Rs 221.8 crore in Q1 FY27, compared with Rs 60.1 crore in Q1 FY26. Consolidated revenue increased 43.3% YoY to Rs 2,714.2 crore from Rs 1,894.5 crore.
Global Markets:
Asian stocks rose on Thursday after U.S. inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes.
U.S. consumer prices increased 0.1% in July, in line with widely reported expectations, data showed on Wednesday. The small increase could weaken the argument for an interest rate increase from the Fed next month. Money markets are predicting a 40% chance of a rate hike, down from 54% a week ago, according to CME Group's FedWatch.
Meanwhile, oil held near $88 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war.
Wall Street ended mixed overnight, with the Nasdaq Composite and the S&P 500 eking out small gains while the Dow Jones Industrial Average slipped. Upbeat quarterly results from CoreWeave and other AI infrastructure firms coupled with mild inflation data provided support to the investor sentiment.
The S&P 500 climbed 0.26% to end the session at 7,748.50 points. The Nasdaq gained 0.54% to 26,588.49 points for the session, while the Dow Jones Industrial Average declined 0.04% to 53,770.27 points.
CoreWeave surged 19% after the AI cloud company lifted its annual capital spending forecast and topped second-quarter earnings estimates.
Data center operators also rose, with IREN gaining almost 10% and Applied Digital up 4.9%. Data center company Nebius Group jumped 34%, helped by second-quarter results that beat expectations.
Super Micro Computer surged 19% after the AI server maker forecast fiscal 2027 revenue above Wall Street expectations. Chipmakers also gained, with Nvidia rising 3% and Micron Technology adding 4.9%.
Investors will continue to monitor developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for further cues on market direction.
IT shares witnessed buying interest after declining in the past two trading sessions.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 160.71 points or 0.21% to 77,345.60. The Nifty 50 index added 40.85 points or 0.16% to 24,121.40.
In the broader market, the BSE 150 MidCap Index rose 0.26% and the BSE 250 SmallCap Index climbed 0.17%.
The market breadth was positive. On the BSE, 2,124 shares rose and 1,586 shares fell. A total of 204 shares were unchanged.
New Listing:
Shares of Laser Power & Infra were currently trading at Rs 263.20 at 10:20 IST on the BSE, representing a premium of 22.99% as compared with the issue price of Rs 214.
The stock debuted at Rs 269, marking a premium of 25.7% to the issue price.
So far, the stock has hit a high of Rs 269 and a low of Rs 250. On the BSE, over 54.56 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty IT index jumped 1.55% to 28,973.45. The index fell 1.67% in past two consecutive trading sessions.
HCL Technologies (up 2.65%), LTM (up 2.04%), Tech Mahindra (up 1.94%), Persistent Systems (up 1.79%) and Wipro (up 1.73%), Mphasis (up 1.27%), Infosys (up 1.22%), Coforge (up 1.19%), Oracle Financial Services Software (up 0.99%) and Tata Consultancy Services (up 0.83%) surged.
GMR Airports declined 1.56% after the company handled around 10 million passengers in June 2026, marking a marginal 0.3% year-on-year (YoY) decline in passenger traffic. Domestic passenger traffic fell 0.4% YoY to 7.4 million, while international passenger traffic remained broadly flat at 2.4 million, up 0.1% YoY.
GTPL Hathway slipped 1.01% after the company’s consolidated net profit declined 78% to Rs 2.32 crore in Q1 FY27, compared with Rs 10.56 crore posted in Q1 FY26. Revenue from operations rose 12.4% year-on-year to Rs 1,015.41 crore in Q1 FY27.
Delhi Airport handled around 6.6 million passengers in June 2026, up 6.8% YoY, while Hyderabad Airport handled around 2.3 million passengers, down 12.9% YoY.
Aircraft movements declined 2.4% YoY to 59,758 in June 2026. The company said international traffic was impacted by the ongoing geopolitical instability in West Asia since 28 February 2026, according to its monthly business update.
For Q1 FY27, GMR Airports handled a record 30.2 million passengers, the highest-ever first-quarter traffic. Domestic passenger traffic reached a record 23.2 million, driven mainly by growth at Delhi Airport, which accounted for around 67% of total traffic, while international passenger traffic stood at 7 million.
The company reported a consolidated net profit of Rs 302.35 crore in Q4 FY26, compared with a net loss of Rs 237.59 crore in Q4 FY25. Revenue from operations increased 37.54% year-on-year to Rs 3,938.16 crore for the quarter ended 31 March 2026.
Further, CARE Ratings has upgraded its ratings from “CARE A; Stable” to “CARE A+; Positive” for the long term bank facilities availed/to be availed by the Company and has upgraded its rating from “CARE A1” to “CARE A1+” for the short term bank facilities availed by the Company.