Sensex closed 304.32 points higher at 80,539.91 (+0.38%)
Nifty50 climbed 131.95 points to 24,619.35 (+0.54%)
The cheer came after India’s retail inflation (CPI) fell to 1.55% in July from 2.1% in June — its lowest since June 2017 and the ninth consecutive month of decline.
Broader markets
- Nifty Midcap 100: +0.63%
- Nifty SmallCap: +0.66%
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Impact on the stock market
Sectoral performance
- Top gainers:
- Nifty Healthcare: +2.13%
- Pharma: +1.73%
- Metal: +1.26%
- Auto: +1.12%
- Nifty Healthcare: +2.13%
- Laggards:
- FMCG: -0.04%
- PSU Bank: -0.14%
- Oil & Gas: -0.05%
- FMCG: -0.04%
| Sector/Index | Performance |
| IT & BPM sector | 0.05% |
| Healthcare sector | 2.13% |
| Oil & Gas sector | -0.05% |
| Real estate sector | 0.24% |
| PSU Bank in India | -0.14% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Apollo Hospital Share Price | 7,808.50 | 7.90 |
| Hindalco Share Price | 700.50 | 5.01 |
| Dr Reddys Labs Share Price | 1,253.40 | 2.71 |
| Hero Motocorp Share Price | 4,768.70 | 2.66 |
| Cipla Share Price | 1,561.00 | 2.59 |
Top losers today
| Company | Price (in ₹) | Change % |
| IndusInd Bank Share Price | 773.45 | -1.23 |
| Adani Ports Share Price | 1,319.60 | -0.82 |
| Titan Company Share Price | 3,466.80 | -0.57 |
| ITC Share Price | 414.10 | -0.54 |
| UltraTechCement Share Price | 12,401.00 | -0.39 |
Market aftermath: Impact on stocks
Hindalco surges over 5% on strong Q1 numbers
Hindalco shares jumped after reporting a 30% YoY rise in net profit to ₹4,004 crore for Q1 FY26, supported by higher aluminium prices and operational efficiencies.
- Revenue: ₹64,232 crore (+13% YoY)
- EBITDA: ₹8,075 crore (+6% YoY)
- Brokerage views: Axis Securities maintained a BUY with a TP of ₹770 (15% upside).
- Technical view: Breakout above resistance; potential targets at ₹740–₹750 with support at ₹680.
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Venus Pipes gains 4% despite profit dip
Venus Pipes & Tubes rose after Q1 results showed 15.1% YoY revenue growth to ₹276.4 crore, despite a 9.8% fall in net profit to ₹24.8 crore due to margin pressure.
- EBITDA margin: 16.2% vs 20% last year
- Domestic growth: +10% QoQ, supported by power sector orders
- Brokerage call: Nuvama retains BUY, raises TP to ₹2,290 citing 25% FY26 volume growth guidance.
Suzlon Energy falls 4.5% despite healthy operations
Suzlon shares dropped to ₹60.32 after Q1 profit missed estimates due to a ₹134 crore deferred tax charge and news of CFO Himanshu Mody’s exit.
- Revenue: ₹3,117 crore
- EBITDA: ₹599 crore (+62% YoY)
- Order book: 5.7 GW with 1 GW new orders in Q1
- Brokerages like Motilal Oswal and JM Financial still maintain a BUY, citing long-term growth potential and regulatory tailwinds.
Crude oil market update
Global crude prices were marginally higher despite US inventory build-up.
- Brent (Oct): $66.17 (+0.08%)
- WTI (Sep): $63.19 (+0.03%)
- MCX Aug crude: ₹5,544 (-0.07%)
The API reported a 1.52M barrel rise in US crude stocks, against expectations of a draw. OPEC’s monthly report kept 2025 demand unchanged but raised 2026 growth estimates slightly, suggesting a tighter market ahead.
Conclusion
Today’s market rally was powered by cooling inflation, strong performances in healthcare and metals, and stock-specific gains like Hindalco and Venus Pipes. However, Suzlon’s drop shows that management changes and earnings misses can still weigh on sentiment. With inflation easing and key sectors showing momentum, investors will be watching upcoming global cues — from crude oil data to geopolitical meetings — to gauge the next market move.
For more stock market insights, check out the StockGro blog.
