
The BSE Sensex dropped by 585.67 points, or 0.72%, ending at 80,599.91. The index fluctuated between a high of 81,317.51 and a low of 80,495.57 during the session.
Similarly, the NSE Nifty50 slipped by 203 points, or 0.82%, closing at 24,565.35, with daily movements ranging between 24,784.15 and 24,535.05.
The volatility index, India VIX, also rose by 3.74%, closing at 11.98, further underscoring the nervous market sentiment.
Impact on the stock market
sectoral indices also reflected the market’s weak performance. The Nifty Pharma index emerged as the biggest loser, falling 3.33%. Aurobindo Pharma and Granules India were the hardest hit, shedding 5.17% and 4.89% respectively. In contrast, the FMCG sector managed to buck the trend, with the Nifty FMCG index climbing 9.69%, driven by strong performances from Radico Khaitan and Emami.
Sector/Index | Performance |
IT & BPM sector | -1.85% |
Healthcare sector | -2.77% |
Oil & Gas sector | -1.52% |
Real estate sector | -1.78% |
PSU Bank in India | -1.13% |
Top gainers today
Company | Price (in ₹) | Change % |
Trent Share price | 5,180.00 | 3.23 |
Asian Paints Share price | 2,431.00 | 1.46 |
HUL Share price | 2,553.70 | 1.29 |
Nestle Share price | 2,276.50 | 1.28 |
Hero Motocorp Share price | 4,311.60 | 1.19 |
Top losers today
Company | Price (in ₹) | Change % |
Sun Pharma Share Price | 1,629.70 | -4.51 |
Dr Reddys Labs Share Price | 1,220.60 | -3.91 |
Cipla Share Price | 1,502.80 | -3.33 |
Adani Enterpris Share Price | 2,350.90 | -3.28 |
Tata Steel Share Price | 153.01 | -3.12 |
Market aftermath: Impact on stocks
Adani Power Q1 Results: A Decline in Profit
Adani Power reported a 13.5% year-on-year (YoY) decline in its net profit for Q1 FY26, with a figure of ₹3,385 crore compared to ₹3,913 crore in the same quarter last year. Despite this, the company’s revenue rose by 6%, reaching ₹14,109 crore.
However, Adani Power’s board approved a 1:5 stock split, which may have provided some support for the stock, but the weak earnings report put pressure on the overall sentiment, particularly in the power sector.
Also read: NTPC vs Adani Power: Which energy giant is better positioned?
Radico Khaitan: Strong Earnings Amid Market Decline
Shares of Radico Khaitan surged nearly 6%, following the company’s stellar earnings report. The liquor maker reported a 73.14% increase in its consolidated net profit for the June quarter, reaching ₹130.52 crore, up from ₹75.38 crore in the same period last year. The company’s revenue from operations also increased by 24.56% to ₹5,313.51 crore.
Radico Khaitan’s strong performance was driven by robust volume growth, helping it outperform broader market trends. As a result, the stock saw strong buying interest, and its positive performance contributed to the Nifty FMCG index’s gains.
You may also read: Radico Khaitan stock analysis & expert insights in detail
Eicher Motors: Modest Profit Growth
Eicher Motors reported a 9% increase in its consolidated net profit for Q1 FY26, reaching ₹1,205 crore. Despite the positive earnings growth, the company’s operating margin saw a decline of 266 basis points to 23.86% compared to 26.52% in the same period last year. Revenue grew by 15%, reaching ₹5,042 crore.
The stock saw a 4% rise in the morning trade, but concerns over margin pressures led Morgan Stanley to maintain an “Underweight” rating, with a target price of ₹4,079, suggesting a potential downside of 25%. The market remains cautious about Eicher’s ability to maintain high margins, which could lead to some volatility in the stock in the coming weeks.
Crude oil: A global outlook
Crude oil prices continued their upward trend on August 1st, despite the uncertainty created by Trump’s tariffs. Brent oil futures were up by 0.32%, trading at $71.93, while West Texas Intermediate (WTI) crude rose by 0.32% to $69.48. In India, crude oil futures on the Multi Commodity Exchange (MCX) also saw a rise, with August futures trading at ₹6,075, up 0.38%.
While global tensions, especially Trump’s stance on Russian oil, continue to cloud the market, the demand for oil seems to remain steady, with prices edging higher. This comes as Indian refiners shift their focus from Russian oil to West Asian and West African supplies due to reduced discounts and potential tariff threats.
Conclusion
The Indian stock market had a rollercoaster day on August 1st. While some stocks and sectors bucked the downward trend, others took significant hits, particularly in the pharma and metals sectors. With global uncertainties lingering, including trade tariffs and fluctuating oil prices, investors are keeping a close watch on corporate earnings, sector performance, and geopolitical developments. The volatility index suggests that traders may continue to face a choppy ride in the short term.
While companies like Radico Khaitan and Chalet Hotels brought some optimism, others like Niva Bupa and Adani Power left investors with more questions than answers. As we head into the weekend, it’s clear that the market is in a fragile state, with both global and domestic factors influencing sentiment.
For more stock market insights, check out the StockGro blog.