The BSE Sensex rose by 63.57 points (0.08%) to settle at 82,634.48. The Nifty50, on the other hand, managed to close nearly flat, up 16.25 points (0.06%), ending at 25,212.05.
The broader markets remained mixed, with the NSE Midcap 100 index maintaining a flat stance, while the Nifty Smallcap 100 rose slightly by 0.03%. Despite early losses, the market rebounded, with investor sentiment stabilizing by the close of the trading session.
Additionally, the India VIX, which measures market volatility, declined by 2.09% and closed at 11.24 points, suggesting a reduction in investor fear.
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Impact on the stock market
Sectoral indices performance
Looking at the sectoral performance, the Nifty PSU Bank index stood out as the top gainer, rising by 1.81%. This surge was led by strong performances from stocks like Punjab National Bank, Canara Bank, Indian Overseas Bank, and Union Bank of India. The Nifty IT, Auto, Bank, Energy, FMCG, Realty, Oil & Gas, and Consumer Durables sectors also ended the day in the green, contributing positively to the overall market.
However, there were some setbacks in other sectors. The Nifty Financial Services, Metal, and Pharma indices saw a dip. Stocks like Sun Pharma, Tata Steel, and Tata Motors weighed heavily on the Sensex, with declines of up to 1.6%.
| Sector/Index | Performance |
| IT & BPM sector | 0.63% |
| Healthcare sector | -0.34% |
| Oil & Gas sector | 0.23% |
| Real estate sector | 0.50% |
| PSU Bank in India | 1.81% |
Top gainers today
| Company | Price (in ₹) | Change % |
| M&M Share Price | 3,196.50 | 2.17 |
| Wipro Share Price | 262.80 | 2.10 |
| SBI Share Price | 831.70 | 1.87 |
| Tech Mahindra Share Price | 1,607.90 | 1.83 |
| Nestle Share Price | 2,460.00 | 1.81 |
Top losers today
| Company | Price (in ₹) | Change % |
| Shriram Finance Share Price | 668.35 | -2.35 |
| Eternal Share Price | 262.35 | -1.54 |
| Sun Pharma Share Price | 1,701.00 | -1.53 |
| Tata Steel Share Price | 157.33 | -1.05 |
| Cipla Share Price | 1,475.80 | -1.01 |
Market aftermath: Impact on stocks
ITC Hotels: Strong Q1 Results
ITC Hotels saw a solid performance, with shares rallying by 5% following the announcement of a strong Q1 FY26 result. The company reported a 54% increase in its net profit, which rose to Rs 133 crore, compared to Rs 87 crore in the same period last year. Revenue from operations surged by 15.5%, reaching Rs 815.54 crore. The hotel segment contributed significantly, posting a 16% growth in revenue to Rs 801 crore. ITC Hotels’ share price gained investor confidence, driven by these promising numbers.
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Network18: Record Growth
Shares of Network18 surged by 15%, following an impressive quarterly performance. The company reported a 69% increase in EBITDA for the June quarter, with operating margins expanding from 0.5% to 1%. Despite a decline in overall revenue due to a lower contribution from election-linked advertising, Network18 managed to post a net profit of Rs 516 crore. The strong performance in its digital and TV segments helped push the stock higher, making it one of the leading performers in the Nifty Media index.
Coffee Day Enterprises: Dolly Khanna’s Stake Buy
In an interesting turn of events, Coffee Day Enterprises shares hit the upper circuit for the second consecutive day, climbing by 10%. The surge follows the revelation that investor Dolly Khanna has increased her stake in the company. Khanna, known for her sharp investment picks in the small- and mid-cap segments, holds 1.55% of the company, which is driving interest in the stock. Coffee Day shares have already rallied by 68% in 2025, and the fresh interest from Dolly Khanna has only fueled further optimism.
Similarly, shares of 20 Microns, another company in which Khanna recently acquired a stake, also surged by 8%, highlighting her influence on the market.
Crude oil: OPEC’s forecast stabilizes prices
In the commodities market, crude oil futures saw slight gains as OPEC maintained its demand growth forecast for 2025 and 2026. According to OPEC’s monthly report for July, global oil demand growth is expected to remain steady at 1.3 million barrels per day (y-o-y) for both years. This stability helped Brent oil prices edge higher, with September Brent futures rising to $68.86, up by 0.22%.
The oil market remains optimistic as transportation fuels, particularly jet/kerosene and gasoline, are expected to drive demand growth. The forecasted growth of 1.3 million barrels per day in 2025 and 2026 indicates steady oil consumption, particularly supported by air travel and road mobility.
Conclusion
The Indian stock market had a quiet but positive day, with both Sensex and Nifty50 managing to close in the green, albeit with only marginal gains. Strong performances from sectors like PSU Banks, IT, and Energy helped push the market higher, while sectors like Pharma and Metal weighed on market sentiment.
Stocks like ITC Hotels, Network18, and Coffee Day Enterprises stood out for their solid earnings reports and news of Dolly Khanna’s stake purchases. Meanwhile, the crude oil market remained stable, with OPEC’s steady demand forecast helping maintain price stability.
Overall, the market remains cautious yet resilient, as investors continue to navigate the complexities of earnings season and global economic factors.
For more stock market insights, check out the StockGro blog.
