Summary
Sensex fell 455.59 points to 78,499.17 and Nifty dropped 65.35 points to 24,570.65, dragged by financial stocks even as Auto and IT sectors gained.
SBI’s Q1 profit jumped 10% to Rs 21,121 crore (stock up 3.5%), Titan beat estimates with a 65% profit surge but still fell 1.08%, and Vikram Solar crashed over 10% after profit plunged 85%.
Brent rose 1.72% to $83.91 on reports Iran plans to restrict US and Israeli ships from the Strait of Hormuz.
The Sensex fell 455.59 points, or 0.58 per cent, to close at 78,499.17, while the Nifty 50 dropped 65.35 points, or 0.27 per cent, to settle at 24,570.65.
Nifty MidCap index actually rose 0.22 per cent, while the Nifty SmallCap index dipped a marginal 0.05 per cent
Impact on the stock market
Sectors in the red:
Nifty Financial Services — the biggest sectoral loser
Nifty Private Bank — close behind, also down sharply
Sectors in the green:
Nifty Auto — top gainer of the session
Nifty IT — also had a strong day
| Sector/Index | Performance |
| IT & BPM sector | 1.42% |
| Healthcare sector | 0.07% |
| Oil & Gas sector | 0.07% |
| Real estate sector | -0.10% |
| PSU Bank in India | 0.65% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| TCS | 2,452.70 | 3.36 |
| Grasim | 3,323.00 | 3.20 |
| Hindalco | 1,059.60 | 3.17 |
| M&M | 3,502.00 | 2.82 |
| HCL Tech | 1,356.60 | 1.62 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Bajaj Finance | 1,078.00 | -5.84 |
| Bajaj Finserv | 2,008.90 | -3.70 |
| Trent | 2,997.00 | -3.70 |
| ICICI Bank | 1,421.00 | -2.50 |
| Jio Financial | 256.80 | -2.39 |
Market aftermath: Impact on stocks
SBI Shares Jump 3.5% As Profit Rises 10%
State Bank of India was one of the day’s biggest bright spots. Shares climbed as much as 3.5 per cent after the country’s largest lender reported a standalone net profit of Rs 21,121 crore for Q1FY27, up 10.23 per cent from Rs 19,160 crore a year earlier, and up 7.3% sequentially from Rs 19,684 crore in the previous quarter. The stock touched a high of Rs 1,123 before settling around Rs 1,111.
The numbers behind the headline profit were just as strong. Net interest income rose 14.88 per cent year-on-year to Rs 46,992 crore, while operating profit jumped 9.77 per cent to Rs 33,529 crore. Asset quality also improved, with gross NPA easing to 1.47 per cent, the lowest in over two decades, while net NPA held steady at 0.38%. Credit costs improved too, dropping to 0.27 per cent from 0.47 per cent a year ago, while the bank’s capital adequacy ratio stood at a comfortable 15.67 per cent.
Vikram Solar Crashes Over 10% On An 85% Profit Collapse
Vikram Solar fell more than 10 per cent and hit a fresh 52-week low after the company reported a staggering 85 per cent year-on-year drop in Q1 net profit, down to just Rs 20 crore. The stock was trading around 164.34% by mid-afternoon, and the sharp fall serves as a reminder that not every renewable energy story is a smooth ride. Margin pressure and weaker order execution can hit these companies hard.
Titan Beats Estimates With A 65% Profit Surge, But The Stock Still Falls
Titan Company delivered one of the strongest earnings beats of the day. Consolidated net profit jumped 65 per cent year-on-year to Rs 1,699 crore, comfortably ahead of the Rs 1,267 crore analysts were expecting, while revenue grew 24.3 per cent to Rs 18,101 crore. The jewellery business was the real engine here, growing 43 per cent to Rs 18,253 crore (excluding bullion and digital gold), driven by strong festival and Akshaya Tritiya demand. Tanishq, Mia and Zoya combined grew 38 per cent, Caratlane grew 40 per cent, and the international jewellery business more than doubled, up 136 per cent to Rs 1,309 crore. The watches business wasn’t far behind either, growing 21 per cent on the back of continued demand for analogue timepieces.
Despite all that, Titan shares still closed 1.08 per cent lower at Rs 4,944, which just goes to show that even a genuinely excellent quarter doesn’t always guarantee a stock rally.
Crude Oil Watch: Tensions Push Prices Higher Again
Oil markets flipped direction on Friday, with prices climbing after reports that Iran intends to ban US and Israeli ships from transiting the Strait of Hormuz. Brent crude futures rose to $83.91, up 1.72 per cent, while WTI crude climbed to $78.44, up 1.49 per cent. On the MCX, August crude oil futures were trading at ₹7,488, up 1.5 per cent.
Analysts noted that Brent had already jumped 3.8 per cent the previous day, pushing it back above $82 a barrel, and that renewed friction between the US and Iran makes a smooth resolution look unlikely for now. Iran is reportedly also seeking compensation from countries it considers hostile before allowing them to use the strait again, alongside charging transit fees, hardly the makings of an easy compromise. Even so, analysts still expect Brent to average around $80 a barrel this quarter as flows gradually normalise, though they flagged plenty of risk to that view given how unpredictable the rhetoric has been.
Conclusion
Friday was a session of contrasts. The headline indices slipped on financial sector weakness and rising oil prices, but auto and IT stocks quietly outperformed, and mid-caps actually ended the day higher. On the earnings front, SBI delivered a genuinely strong quarter that the market rewarded, Titan beat estimates handsomely but still saw its stock dip, and Vikram Solar’s sharp profit collapse triggered a brutal sell-off. If there’s one lesson from today, it’s that strong fundamentals and stock price moves don’t always move in lockstep, so it always pays to read past the headline number.
