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Going forward, market participants will closely 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.
PSU Bank, Oil & Gas and consumer durables shares advanced while metal, IT and FMCG shares declined.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 114.37 points or 0.15% to 77,170.20. The Nifty 50 index added 17.55 points or 0.07% to 24,069.15.
In the broader market, the BSE 150 MidCap Index jumped 0.46% and the BSE 250 SmallCap Index climbed 0.59%.
The market breadth was strong. On the BSE, 2,213 shares rose and 1,860 shares fell. A total of 210 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.20% to 13.45.
In the commodities market, Brent crude for September 2026 settlement added $1.15 or 1.36% to $85.88 a barrel.
Gainers & Losers:
Eternal (up 2.85%), Ultratech Cement (up 2%), Shriram Finance (up 1.86%), Eicher Motors (up 1.49%) and HDFC Life Insurance (up 1.30%) were the major Nifty50 gainers.
Power Grid Corporation of India (down 2.34%), Hindalco Industries (down 1.73%), Tata Consumer Products (down 1.48%), JSW Steel (down 1.38%) and Dr Reddy’s Laboratories (down 1.36%) were the major Nifty50 losers.
Stocks in Spotlight:
L&T Technology Services (LTTS) jumped 6.63% after the engineering and technology services company reported a healthy increase in profit and revenue for the quarter ended 30 June 2026 (Q1 FY27). On a consolidated basis, net income from continuing operations increased 17.4% YoY and 1.5% QoQ to Rs 351.8 crore in Q1 FY27. Revenue increased 11.5% YoY and 2.9% QoQ to Rs 2,940.1 crore during the quarter.
Fedbank Financial Services surged 4.10% after the non-banking financial company (NBFC) reported a strong financial performance for the quarter ended 30 June 2026. The company's standalone net profit rose 52.49% to Rs 114.38 crore in Q1 FY27 from Rs 75.01 crore in the corresponding quarter last year. Revenue from operations increased 29.68% YoY to Rs 669.93 crore in Q1 FY27.
Aditya Birla Money declined 8.37% after the company reported a 27.7% year-on-year (YoY) decline in consolidated net profit to Rs 11.12 crore despite a 16% increase in revenue from operations to Rs 130.77 crore in Q1 FY27 over Q1 FY26.
Tata Elxsi declined 5.68%. The company has reported 18.2% rise in net profit to Rs 170.6 crore on a 14.5% increase in revenue from operations to Rs 1,021.1 crore in Q1 FY27 as compared with Q1 FY26.
Benares Hotels fell 1.43%. The company reported an 8.7% year-on-year (YoY) increase in standalone net profit to Rs 8.24 crore in the first quarter of FY27, compared with Rs 7.58 crore in Q1 FY26. Income from operations increased 35.5% YoY to Rs 33.88 crore in Q1 FY27 from Rs 25.01 crore in the corresponding quarter last year.
Den Networks declined 4.46% after the company reported a 35.52% decline in consolidated net profit to Rs 34.59 crore in Q1 FY27 as against Rs 53.64 crore posted in Q1 FY26. Revenue from operations rose 0.62% year on year to Rs 242.77 crore in the quarter ended 30 June 2026.
Anand Rathi Share and Stock Brokers dropped 3.25%. The broker’s consolidated net profit rose 2.36% to Rs 23.35 crore on 22.37% increase in total revenue from operations to Rs 246.10 crore in Q1 FY27 over Q1 FY26.
Global Markets:
European market declined as ongoing U.S. strikes on Iran continued to weigh on investor sentiment.
Most Asian markets advanced on Wednesday after a surprise slowdown in U.S. inflation scaled back market expectations for interest rate hikes, while oil took a breather as the U.S. scrapped a plan to levy shipping through the Strait of Hormuz.
U.S. President Donald Trump reimposed a naval blockade of Iranian ports on Tuesday and threatened to attack power plants and bridges next week unless Iran resumes negotiations to end their conflict, though he scrapped a plan for a 20% fee on shipping through Hormuz.
Meanwhile, China’s economy in the second quarter expanded at its weakest pace since the fourth quarter of 2022. These figures reinforce calls for policy stimulus as an accelerating slide in investments deepened the strain on growth, while consumption stayed subdued.
Gross domestic product growth came in at 4.3% in the April to June period, data from the National Statistics Bureau showed Wednesday, missing widely reported forecast for 4.5% growth, and slowing from 5% in the first quarter.
That second-quarter growth came below Beijing’s full-year growth target range of 4.5% to 5%, the least ambitious goal in decades, amid tensions with trade partners, including the U.S. and the European Union, and sluggish domestic demand.
The S&P 500 and the Nasdaq advanced on Tuesday as solid big bank results and a cooler-than-expected inflation report boosted risk appetite amid rising Middle East tensions.
The U.S. headline consumer price index fell 0.4% in June, its first decline since the COVID-19 pandemic, while annualised core inflation of 2.6% compared with widely reported expectations for 2.8%.
The Labor Department's Consumer Price Index showed inflation cooled more than analysts expected in June, largely due to abating energy price pressures amid last month's signs of progress in U.S.-Iran peace negotiations.
Energy In Motion (EIM) and Paradeep Parivahan (PPL) have commenced the deployment of approximately 45 EIM Ashwa 4x2, 55-tonne electric heavy-duty vehicles for UltraTech Cement.
The fleet will be deployed for the transportation of clinker from UltraTech's integrated manufacturing unit in Rajasthan to its grinding units in the Delhi-NCR region. This initiative marks one of the largest deployments of electric heavy-duty trucks in the cement sector in Northern India and represents a significant milestone in India's transition towards zero-emission long-haul freight transportation.
The operational corridor spans three states; Rajasthan, Haryana, and Uttar Pradesh with an average lead distance of approximately 250 kilometres. The deployment demonstrates the growing commercial viability of electric heavy duty vehicles for demanding long-distance logistics operations.
This landmark deployment highlights the impact of collaboration between industry leaders, logistics service providers, and technology innovators in advancing sustainable freight mobility. It serves as a strong example of how integrated vehicle and energy infrastructure solutions can enable large-scale decarbonization of commercial transportation at competitive cost.
The environmental benefits of the project are expected to be significant. The fleet is projected to reduce over 8,900 tons of CO2 emissions annually, displacing an equivalent of about 2.9 million litres of diesel per year. The initiative is expected to contribute meaningfully to cleaner logistics operations while supporting national sustainability, import substitution and carbon reduction objectives.
Net sales stood at Rs 25,467 crore for the quarter, reflecting an 11.76% increase from Rs 22,788 crore in the same period last year. The company reported profit before exceptional items and tax of Rs 3,992.85 crore in Q4 FY26, compared to Rs 3,120.96 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 10.94 crore during the quarter.
Profit before interest, depreciation, and tax (PBIDT) stood at Rs 5,688 crore in Q4 FY26, registering growth of 20.48% from the Rs 4,721 crore reported in Q4 FY25. Operating margin expanded to 22%, a 200-basis point improvement year-on-year.
UltraTech’s operational performance remained strong across segments. Grey cement sales volume in India rose 9.3% YoY to 42.41 million tonnes, supported by sustained demand from housing, infrastructure, and commercial construction sectors. Capacity utilisation improved to 89%, underscoring healthy demand conditions. Operating PBIDT per tonne improved 11% YoY to Rs 1,253, supported by contributions from India Cements operations under the UltraTech brand.
On the cost front, cost optimisation initiatives continued to deliver results. Energy costs declined 3% YoY, aided by a higher green power mix, which increased to 43% from 34.4% last year, along with improved alternative fuel usage and better operational efficiency.
Total cost per tonne fell 2% YoY, despite external pressures from geopolitical tensions in West Asia, which impacted fuel, freight, and packaging costs. The company’s diversified sourcing and procurement strategy helped mitigate these headwinds. White cement and value-added products also delivered strong performance, with white cement volumes growing 15.3% YoY in Q4 FY26.
During the year, UltraTech expanded its installed capacity to around 197 MTPA and has since crossed the 200 MTPA milestone, driven by greenfield and brownfield expansions at Shahjahanpur, Patratu, and Visakhapatnam. The company incurred Rs 9,600 crore in capex during FY26 and plans to invest Rs 16,000 crore over the next three years to expand capacity beyond 240 MTPA. Its upcoming cables and wires business is progressing as planned, with civil work underway and commissioning targeted for Q3 FY27, marking a strategic diversification for the company.
UltraTech’s total capital employed now exceeds Rs 1,07,000 crore, while net debt-to-EBITDA improved to 0.94x as of March 31, 2026, reflecting strong financial discipline.
On a full-year basis, the company's consolidated net profit jumped 35.21% to Rs 8,165.64 crore on a 16.53% rise in revenue to Rs 88,511.53 crore in FY26 over FY25.
UltraTech's net debt at the end of FY26 was Rs 16,620 crore, a reduction from the Rs 17,669 crore reported at the end of FY25.
Meanwhile, the board has recommended a special dividend of 2400%, equivalent to Rs 240 per equity share of face value Rs 10 each for FY26, subject to approval of the members at the ensuing annual general meeting (AGM).
UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third-largest cement producer in the world, outside of China, with a consolidated gray cement capacity of 154.86 mtpa.
Shares of UltraTech Cement fell 1.12% to Rs 11,879 on the BSE.
For the full year,net profit rose 35.21% to Rs 8165.64 crore in the year ended March 2026 as against Rs 6039.11 crore during the previous year ended March 2025. Sales rose 16.53% to Rs 88511.53 crore in the year ended March 2026 as against Rs 75955.13 crore during the previous year ended March 2025.
The company declared its financial results during market hours. Shares of UltraTech Cement rose 0.02% to close at Rs 12,013.20 on the BSE.
The three new cement grinding units, which are located in Shahjahanpur (Uttar Pradesh), Patratu (Jharkhand), and Vizag (Andhra Pradesh), have been strategically positioned to strengthen regional supply, serving North India’s booming construction corridor, the industrial heartland of Jharkhand, and the rapidly urbanising coastal belt of Andhra Pradesh.
With the commissioning of these units, the company’s installed cement manufacturing capacity in India has risen to 200.1 MTPA.
Alongwith its overseas capacity of 5.4 mtpa, the UltraTech’s global capacity stands at 205.5 MTPA.
The company now ranks as the world’s largest cement company by sales volume and is also the largest single-country cement manufacturer globally (excluding China).
UltraTech’s next phase of expansion is already underway. The projects currently underway, backed by a capex of over Rs 16,000 crore, will take the company’s consolidated cement manufacturing capacity to 240-plus MTPA.
UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the second-largest cement producer in the world, outside of China. During the December quarter, the company’s domestic grey cement capacity stood at 188.66 MTPA. Including its 5.4 MTPA cement capacity in the UAE, UltraTech’s total global cement capacity has reached 194.06 MTPA.
The company reported a 26.92% jump in consolidated net profit to Rs 1,725.40 crore on 22.78% increase in revenue from operations to Rs 21,829.68 crore in Q3 FY26 over Q3 FY25.
The scrip rose 0.50% to end at Rs 11887.30 on the BSE on Friday.
- 2.7 mtpa cement grinding unit at Shahjahanpur, Uttar Pradesh - 3.0 mtpa cement griding unit at Visakhapatnam, Andra Pradesh - 3.0 mtpa cement griding unit at Patratu, Jharkhand
Consequent to the above, the Company's total domestic grey cement manufacturing capacity now stands augmented to 200.1 mtpa. Along with its overseas capacity of 5.4 mtpa, the Company's global capacity stands at 205.5 mtpa.
The Company ranks as the world's largest cement company by sales volume and is also the largest single-country cement manufacturer globally (excluding China).