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IT, pharma and realty shares in advanced while PSU bank, media and auto shares declined.
At 13:25 ST, the barometer index, the S&P BSE Sensex jumped 383.61 points or 0.49% to 77,886.45. The Nifty 50 index rose 133.10 points or 0.54% to 24,308.65.
In the broader market, the BSE 150 MidCap Index fell 0.19% and the BSE 250 SmallCap Index rose 0.10%.
The market breadth was positive. On the BSE, 2,138 shares rose and 1,986 shares fell. A total of 208 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.29% to 11.88.
Economy
India's services sector remained in expansion mode in June, although growth lost momentum amid challenging market conditions and softer client demand. The seasonally adjusted HSBC India Services PMI Business Activity Index eased to 57.4 in June from 59.8 in May, marking the weakest pace of expansion in 17 months, while remaining well above the 50-point threshold that separates growth from contraction. Hiring activity was largely stagnant, business confidence weakened, and cost pressures eased, while new export orders grew at the fastest pace in three months.
Gainers & Losers:
HCL Technologies (up 6.64%), Tech Mahindra (up 3.36%), Max Healthcare Insitute (up 2.77%) and Bajaj Finserv (up 2.53%) were the major Nifty50 gainers.
State Bank of India (SBI) (down 1.39%), Axis Bank (down 0.72%), Kotak Mahindra Bank (down 0.68%) and Indigo (Interglobe Aviation) (down 0.63%) were the major Nifty50 losers.
Stocks in Spotlight:
HCL Technologies rallied 6.64% after the company signed an agreement with a Europe headquartered, Fortune Global 50 Firm to transform their global digital workplace and enterprise networks using Artificial Intelligence (AI).
Marathon Nextgen Realty advanced 0.04%. The company announced that its subsidiary Sunset Spaces has executed a development agreement for the redevelopment of the society located at Versova, Mumbai.
Krystal Integrated Services rose 0.75%. The company has secured a work order from the Director of Backward Classes (BC) Welfare Department, Andhra Pradesh, for providing cleaning and sanitation services across government hostels.
Bluspring Enterprises jumped 4.14% after the company’s subsidiary, STEAG Energy Services (India) has secured a comprehensive operations and maintenance contract from Vedanta Aluminium Metal for a captive power plant. The contract covers a 1,215 MW (9x135 MW) captive power plant at VAML and has an estimated value of Rs 1,437.17 crore.
Central Bank of India rose 0.31%. The company reported a 28.77% year-on-year (YoY) increase in its global gross advances to Rs 3,54,895 crore as of 30 June 2026, compared with Rs 2,75,595 crore as of 30 June 2025.
PC Jeweller surged 4.77% after the company reported an approximately 21% year-on-year increase in consolidated revenue for the quarter ended 30 June 2026.
Mahindra & Mahindra Financial Services added 2.47% after the company estimated the overall disbursement at approximately Rs 15,560 crore, YoY growth of around 21% (excluding finance lease).
Bajaj Finance gained 1.46% after its new loans booked rose 20% year-on-year to 1.61 crore in Q1 FY27, compared with 1.35 crore in the corresponding quarter last year.
Global Markets:
European and Asian market advanced on Friday after a lukewarm U.S. jobs report poured cold water on the prospect of an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June.
Purchasing Managers' Index (PMI) data released on Friday indicated increased activity across the region.
Japan's services sector returned to expansion in June after stalling the previous month, though business confidence remained subdued amid concerns over Middle East tensions and intensifying cost pressures, a private survey showed on Friday. The S&P Global final Japan Services Purchasing Managers' Index (PMI) rose to 52.2 in June from 50.0 in May, signalling a renewed rise in business activity.
Meanwhile, China's services activity expanded at a slightly slower pace in June as growth in new business eased, though overseas demand rose at the fastest rate in 20 months, a private-sector survey showed on Friday. The RatingDog China General Services Purchasing Managers' Index, compiled by S&P Global, fell to 54.1 from 54.4 in May, staying above the 50-mark that separates expansion from contraction.
Overnight on Wall Street, the Dow Jones Industrial Average scaled to record highs on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June, while the Nasdaq Composite languished as semiconductors struggled once again.
The US economy added 57,000 jobs in June 2026, significantly below both the downwardly revised 129,000 recorded in May and market expectations of 110,000. It marks the weakest monthly job growth in four months, ending a streak of three consecutive months of stronger-than-expected gains.
The 30-stock average added 594.83 points, or 1.14%, for a record close of 52,900.07. The index hit a new all-time intraday high of 52,903.85. The S&P 500 rose less than 1 point to end at 7,483.24, while the Nasdaq dropped 0.8% to 25,832.67.
Infosys Ltd fell 7.21% today to trade at Rs 1046. The BSE Information Technology index is down 5.35% to quote at 26333.12. The index is down 6.97 % over last one month. Among the other constituents of the index, Tech Mahindra Ltd decreased 6.06% and Tata Consultancy Services Ltd lost 5.88% on the day. The BSE Information Technology index went down 30.56 % over last one year compared to the 5.74% fall in benchmark SENSEX.
Infosys Ltd has lost 12.6% over last one month compared to 6.97% fall in BSE Information Technology index and 1.82% rise in the SENSEX. On the BSE, 2.33 lakh shares were traded in the counter so far compared with average daily volumes of 6.2 lakh shares in the past one month. The stock hit a record high of Rs 1727.85 on 03 Feb 2026. The stock hit a 52-week low of Rs 1041.3 on 19 Jun 2026.
Tech Mahindra Ltd fell for a fifth straight session today. The stock is quoting at Rs 1429.1, down 0.01% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 1.17% on the day, quoting at 23899.05. The Sensex is at 76440.61, up 1.21%.Tech Mahindra Ltd has eased around 0.06% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 0.87% in last one month and is currently quoting at 27795.75, up 1.25% on the day. The volume in the stock stood at 12.91 lakh shares today, compared to the daily average of 27.24 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1434.1, down 0.17% on the day. Tech Mahindra Ltd tumbled 15.63% in last one year as compared to a 4.2% slide in NIFTY and a 27.97% fall in the Nifty IT index.
The PE of the stock is 34.69 based on TTM earnings ending March 26.
Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 1580.8, up 2.44% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 23426.15. The Sensex is at 74526.12, up 0.35%. Tech Mahindra Ltd has added around 7.42% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 6.97% in last one month and is currently quoting at 29854.25, up 4.18% on the day. The volume in the stock stood at 28.26 lakh shares today, compared to the daily average of 24.3 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1574.6, up 1.78% on the day. Tech Mahindra Ltd is up 2.4% in last one year as compared to a 4.55% fall in NIFTY and a 15.51% fall in the Nifty IT index.
The PE of the stock is 37.47 based on TTM earnings ending March 26.
Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 1450, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.14% on the day, quoting at 23997.6. The Sensex is at 76205, down 0.37%. Tech Mahindra Ltd has added around 3.86% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 0.16% in last one month and is currently quoting at 28979.85, up 0.45% on the day. The volume in the stock stood at 4.97 lakh shares today, compared to the daily average of 22.83 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1449.1, up 1.19% on the day. Tech Mahindra Ltd is down 8.94% in last one year as compared to a 3.34% fall in NIFTY and a 22.37% fall in the Nifty IT index.
The PE of the stock is 34.83 based on TTM earnings ending March 26.
Tech Mahindra Ltd gained for a third straight session today. The stock is quoting at Rs 1481.6, up 3.61% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 23727.6. The Sensex is at 75577.8, up 0.35%. Tech Mahindra Ltd has slipped around 1.52% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has slipped around 7.11% in last one month and is currently quoting at 28389.8, up 3.35% on the day. The volume in the stock stood at 53.35 lakh shares today, compared to the daily average of 28.51 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1471.3, up 2.93% on the day. Tech Mahindra Ltd is down 5.99% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
The PE of the stock is 34.72 based on TTM earnings ending March 26.
Realty, consumer durables and oil & gas shares declined while auto, metal and FMCG shares advanced.
At 13:25 IST, the barometer index, the S&P BSE Sensex declined 240.17 points or 0.31% to 77,033.55. The Nifty 50 index fell 83.40 points or 0.36% to 24,031.90.
In the broader market, the BSE 150 MidCap Index added 0.15% and the BSE 250 SmallCap Index rose 0.08%.
The market breadth was positive. On the BSE, 1,851 shares rose and 2,168 shares fell. A total of 216 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.25% to 18.07.
In the commodities market, Brent crude for July 2026 settlement gained $2.23 or 2.86% to $108.17 a barrel.
Mahindra & Mahindra (up 2.09%), Hindalco Industries (up 1.45%), Ultratech Cement (up 1.41%) and Bajaj Finserv (up 1.15%) were the major Nifty50 gainers.
Tech Mahindra (down 1.55%), Coal India (down 1.48%), Eternal (down 1.45%) and ICICI Bank (down 1.23%) were the major Nifty50 losers.
Organic Recycling Systems surged 2.72% after the company announced a strategic collaboration to expand its sustainability services portfolio. The company has entered into a partnership with General Carbon Advisory Services to strengthen its offerings in carbon management and compliance, with a focus on Carbon Border Adjustment Mechanism (CBAM) advisory. The collaboration aims to support organisations in areas such as emissions reporting, carbon accounting and sustainability compliance.
Wockhardt surged 8.10% after the company reported a sharp turnaround in quarterly earnings, aided by strong growth in key geographies. On a consolidated basis, the company reported a net profit of Rs 164 crore in Q4 FY26, reversing a loss of Rs 45 crore in the year-ago period. PAT surged 168.85% QoQ from Rs 61 crore in Q3 FY26. Revenue from operations rose 29.87% YoY to Rs 965 crore in Q4 FY26, while increasing 8.67% QoQ from Rs 888 crore.
Tata Technologies rallied 5.81% after the company’s consolidated net profit surged over thirty times to Rs 204.17 crore in Q4 FY26, compared with Rs 6.64 crore in Q3 FY26. Revenue from operations jumped 15.12% QoQ to Rs 1,572.22 crore in Q4 FY26.
Quess Corp surged 8.96% after the company reported a consolidated net profit of Rs 64.35 crore in Q4 FY26 compared with a net loss of Rs 95.45 crore in Q4 FY25. Revenue from operations increased 6.46% YoY to Rs 3,892.45 crore in Q4 FY26.
Desco Infratech hit an upper limit of 5% after its consolidated net profit rallied 75.34% to Rs 10.17 crore in Q4 FY26 as compared with Rs 5.80 crore in Q4 FY25. Revenue from operations surged 108.01% to Rs 76.57 crore in Q4 FY26 versus Rs 36.81 crore in Q4 FY25.
SNL Bearings jumped 9.71%. The company reported an 8.21% year-on-year (YoY) decline in standalone net profit to Rs 2.57 crore for Q4 FY26, compared with Rs 2.80 crore in the corresponding quarter last year. However, revenue from operations rose 10.20% YoY to Rs 15.22 crore during the quarter.
Tata Chemicals fell 1.16% after the company’s consolidated net loss widened to Rs 2,132 crore in Q4 FY26 comapred with net loss of Rs 74 crore in Q4 FY25. Revenue from operations slipped 2.02% YoY to Rs 3,438 crore, driven by lower realization (mainly due to lower exports from US), offset by higher volumes in India.
Jindal Stainless shed 0.06%. The company reported 3.61% decline in standalone net profit to Rs 891.57 crore despite a 0.38% rise in revenue from operations to Rs 10,826.47 crore in Q4 FY26 over Q4 FY25.
Computer Age Management Services (CAMS) jumped 7.64% after the company’s consolidated net profit surged 10.88% to Rs 126.43 crore on 11% increase in revenue from operations to Rs 395.22 crore in Q4 FY26 over Q4 FY25.
Aarti Industries declined 5.03%. The company reported a 3% jump in consolidated net profit to Rs 137 crore despite 2.81% fall in revenue from operations to Rs 2422 crore in Q4 FY26 over Q3 FY26.
Sobha rose 1.95% after the company reported a 124.8% surge in consolidated net profit to Rs 91.84 crore on a 60.2% rise in revenue from operations to Rs 1,987.84 crore in Q4 FY26 over Q4 FY25. Sales value stood at Rs 2,039 crore in Q4 FY26, registering a growth of 30% YoY.
Global Market:
Most European market advanced as investors digested the latest developments in the Iran war.
Asian market traded mixed on Tuesday as risk appetite was battered by heightened tensions in the Strait of Hormuz. Markets in Japan, China, and South Korea were closed, keeping regional trading volumes dull.
Investor sentiment nosedived after Iran launched strikes in response to a U.S. operation to reopen the Strait of Hormuz.
The development threatened to upset an already tenuous ceasefire between the U.S. and Iran, although separate comments from Iranian officials indicated that talks between both sides were still progressing.
Overnight on Wall Street, stocks fell on Monday as the latest developments in the Middle East sent oil prices higher, sparking further worries about instability in the region.
The Dow Jones Industrial Average shed 557.37 points, or 1.13%, closing at 48,941.90. The S&P 500 slid 0.41% to end at 7,200.75, while the Nasdaq Composite lost 0.19% to settle at 25,067.80.
Tech Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 1460, up 3.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 24321.3. The Sensex is at 77951.82, up 1.39%. Tech Mahindra Ltd has added around 5.49% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 1.13% in last one month and is currently quoting at 28959.9, up 1.48% on the day. The volume in the stock stood at 15.67 lakh shares today, compared to the daily average of 26.4 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1455.4, up 3.09% on the day. Tech Mahindra Ltd is down 2.86% in last one year as compared to a 0.05% fall in NIFTY and a 17.89% fall in the Nifty IT index.
The PE of the stock is 34.19 based on TTM earnings ending March 26.