The Sensex declined 187.90 points, or 0.24 per cent, to close at 77,966.35, while the Nifty 50 settled 35.75 points, or 0.15 per cent, lower at 24,435.95.
The broader market was mixed. The Nifty MidCap rose 0.28 per cent, while the Nifty SmallCap slipped 0.18 per cent.
Impact on the stock market
Sectoral gainers: The Nifty PSU Bank index rose 2 per cent and was the standout performer of the day, comfortably outshining every other sector. The Nifty MidCap’s 0.28 per cent gain added some support to the broader market.
Sectoral losers: The Nifty IT index fell 1.54 per cent to end as the worst performer, which showed up directly in TCS’s place among the top Nifty losers.
| Sector/Index | Performance |
| IT & BPM sector | -1.54% |
| Healthcare sector | 0.32% |
| Oil & Gas sector | 0.08% |
| Real estate sector | -0.99% |
| PSU Bank in India | 2.05% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Hindalco | 1,078.50 | 2.80 |
| Bharti Airtel | 1,945.00 | 1.56 |
| SBI | 1,082.00 | 1.50 |
| Jio Financial | 256.05 | 1.31 |
| UltraTechCement | 11,891.00 | 0.94 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| TCS | 2,349.70 | -3.93 |
| Max Healthcare | 1,007.50 | -3.13 |
| Apollo Hospital | 8,597.00 | -1.75 |
| M&M | 3,403.60 | -1.63 |
| TATA Cons. Prod | 1,061.90 | -1.49 |
Market aftermath: Impact on stocks
Grasim Industries: Profit Jumps 51% on Record Operating Performance
Grasim Industries reported a 51 per cent year on year rise in consolidated net profit to ₹2,145.9 crore for the June quarter, supported by strong operating performance across its diversified businesses.
Revenue from operations rose 21 per cent to ₹48,716.2 crore, compared with ₹40,118 crore in the same quarter last year. The Aditya Birla Group company also posted its highest ever quarterly consolidated operating profit of ₹8,077 crore, up 26 per cent from ₹6,430 crore a year earlier, which it attributed to higher revenue and cost efficiencies across businesses.
Adjusted profit after tax, which represents the owner’s share of profit excluding one off items, rose 49 per cent to ₹2,153 crore from ₹1,442 crore in the year ago quarter.
Tata Motors Commercial Vehicles: An 83% Profit Surge
Tata Motors Commercial Vehicles reported an 83 per cent rise in consolidated net profit to ₹2,560 crore for the June quarter, helped by demand from infrastructure, logistics and freight customers that offset higher commodity costs. Revenue rose 20 per cent to ₹20,576 crore from ₹17,192 crore a year earlier.
Volumes grew 26 per cent year on year, and the operating margin came in at 11.7 per cent despite what the company called severe commodity headwinds. Free cash flow for the quarter was a healthy ₹1,100 crore.
The electric vehicle story deserves attention too. The company’s electric small commercial vehicle segment recorded its strongest ever performance, accounting for 10 per cent of that segment’s sales during May and June and capturing a 47 per cent market share in the first quarter. Managing Director Girish Wagh said the growing order pipeline across segments reflects the strength of the company’s integrated electric vehicle ecosystem.
HAL: A 52 Week High After Beating Estimates Across the Board
Shares of Hindustan Aeronautics rose 3 per cent to a fresh 52 week high of ₹5,055 on Wednesday after the defence company beat estimates on every key metric. The stock later pared some gains to trade at ₹4,980, up 1.5 per cent.
Net profit rose 14.7 per cent to ₹1,580 crore, ahead of the ₹1,493 crore estimate in a CNBC TV18 poll. Revenue increased 14.4 per cent to ₹5,515 crore against an estimate of ₹5,268 crore. Operating profit rose 18.8 per cent to ₹1,529 crore, well above the ₹1,358 crore estimate, and the operating margin expanded 110 basis points to 27.7 per cent.
The stock is now up 13.5 per cent in 2026, against a 6.5 per cent decline in the Nifty 50 over the same period. At the current price, HAL has a market value of more than ₹3.33 lakh crore and trades at a price to earnings multiple of 36.02.
Crude Oil: Ship Attacks Push Prices Towards $90
Crude oil futures rose on Wednesday morning after reports of separate attacks on ships in West Asia. October Brent futures were at $89.69, up 0.88 per cent, and September WTI futures were at $83.99, up 0.95 per cent. On the MCX, August crude futures climbed 1.02 per cent to ₹8,021.
According to a Reuters report quoting Yemen’s Transport Ministry, four crew members were killed in a suspected Houthi attack on a small cargo vessel in the Bab el-Mandeb Strait on Tuesday, along with two Yemeni rescuers. Separately, US Central Command said its forces disabled the steering gear of the Panama flagged Vela Nova after the cargo ship attempted to sail towards an Iranian port in violation of the US blockade. As of August 11, US forces had redirected 55 commercial vessels, disabled three and boarded two.
Elsewhere in commodities, August zinc futures rose 0.52 per cent to ₹395.40 on the MCX, while Mumbai rainfall contracts gained 1.53 per cent to ₹2,390 and guarseed added 0.31 per cent to ₹6,092 on the NCDEX.
Conclusion
Wednesday made the current market equation clear. Oil above $89 and unresolved tensions in West Asia are capping the benchmarks, but strong earnings are rewarding individual stocks regardless. Grasim grew profit 51 per cent, Tata Motors Commercial Vehicles delivered an 83 per cent surge, and HAL earned itself a 52 week high, all on a day the Sensex fell. Until the Hormuz situation resolves, expect this split screen to continue: watch the oil price for the index direction, and watch the earnings for the stock opportunities.
