28-Jul-2025      16:05

Nifty settles below 24,700; Sensex slides 572 pts; VIX soars 6.98%

The domestic equity benchmarks ended with significant losses after a volatile session today, declining for the third day in a row, as investors remained cautious amid uncertainty over the US-India trade deal. Market sentiment was further dampened by Kotak Mahindra Bank, which weighed on the indices following its disappointing quarterly earnings. The Nifty settled below the 24,700 level after hitting the day's high of 24,889.20 in morning trade.

Realty, media and private bank shares declined, while pharma, FMCG and healthcare shares advanced.

As per provisional closing data, the barometer index, the S&P BSE Sensex slipped 572.07 points or 0.70% to 80,891.02. The Nifty 50 index lost 156.10 points or 0.63% to 24,680.90. In three consecutive trading sessions, the Sensex declined 2.21% while the Nifty fell 2.13%.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.73% and the S&P BSE Small-Cap index fell 1.31%.

The market breadth was weak. On the BSE, 1,258 shares rose and 2,881 shares fell. A total of 160 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 6.98% to 12.06.

IPO Update:

The initial public offer (IPO) of Shanti Gold International received bids for 5,11,23,150 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 15:15 IST on Monday (28 July 2025). The issue was subscribed 4.04 times.

The initial public offer (IPO) of Brigade Hotel Ventures received bids for 17,97,91,446 shares as against 5,11,93,987 shares on offer, according to stock exchange data at 15:15 IST on Monday (28 July 2025). The issue was subscribed 3.51 times.

Buzzing Index:

The Nifty Realty index dropped 4.07% to 911.90. The index slumped 9.37% in five consecutive trading sessions.

Lodha Developers (down 6.28%), Godrej Properties (down 5.44%), DLF (down 4.77%), Brigade Enterprises (down 4.03%), Oberoi Realty (down 3.90%), Prestige Estates Projects (down 3.88%), Raymond (down 2.65%), Anant Raj (down 1.91%), Phoenix Mills (down 1.23%) and Sobha (down 0.61%) declined.

Stocks in Spotlight:

Kotak Mahindra Bank tumbled 7.50% 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.

Vidhi Specialty Food Ingredients jumped 5.61% after the company's consolidated net profit jumped 50.47% to Rs 12.70 crore on 5.94% rise in revenue from operations to Rs 87.90 crore in Q1 FY26 over Q1 FY25.

Snowman Logistics slipped 3.46%. The company reported a 42.69% surge in standalone net profit to Rs 2.54 crore, alongside a 16.02% rise in revenue from operations to Rs 162.69 crore in Q1 June 2025, compared to Q1 June 2024.

Laurus Labs surged 5.79% after the company's consolidated net profit zoomed 1,154% to Rs 163 crore, driven by a 31% rise in net sales to Rs 1,570 crore compared to Q1 June 2024.

Central Depository Services (India) (CDSL) fell 5.59% after the company's consolidated net profit fell 24% to Rs 102 crore on a 3% increase in total income to Rs 295 crore in Q1 June 2025 over Q1 June 2024.

Cartrade Tech zoomed 8.83% 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.

Aadhar Housing Finance rallied 3.50% after the company's consolidated net profit jumped 18.56% to Rs 237.28 crore on 18.94% increase in revenue from operations to Rs 848.18 crore in Q1 FY26 over Q1 FY25.

Gujarat Mineral Development Corporation (GMDC) fell 5.32% after the company's standalone net profit declined 11.07% to Rs 164.13 crore on a 10.45% drop in revenue from operations to Rs 732.60 crore in Q1 FY26 over Q1 FY25.

Schaeffler India rose 0.77%. The company's standalone net profit increased 16.84% to Rs 296.23 crore, driven by a 10.14% rise in net sales to Rs 2,282.10 crore compared to Q2 June 2024.

Sigachi Industries shed 0.59%. The company reported a standalone net loss of Rs 100.35 crore in Q1 FY26 as against a net profit of Rs 13.16 crore posted in Q1 FY25. However, revenue from operations jumped 34% year on year to Rs 128.25 crore in Q1 FY26.

Lodha Developers slumped 6.09%. The company 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. Total operating expenditure for Q1 FY26 was Rs 2,507.50 crore, up 20% YoY.

Orient Cement slipped 3.64%. 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.

Reliance Infrastructure fell 4.63%. 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.

ACME Solar Holdings soared 8.86% after the company's consolidated net profit stood at Rs 130.83 crore in Q1 FY26, steeply higher than Rs 1.39 crore in Q1 FY25. Revenue from operations jumped 65% YoY to Rs 510.98 crore in Q1 June 2025.

L&T Technology Services (LTTS) rose 0.10%. The company said that its Tech segment has signed a multi-year agreement worth $60 million with a prominent U.S. based provider of wireless telecommunications services.

Global Markets:

European market advanced on Monday as U.S. and EU strike trade agreement.

Most Asian markets ended higher 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.

Powered by Capital Market - Live News

News source: Capital Market - Live News