The BSE Sensex ended at 81,481.86, up by 143.9 points, or 0.18%, while the NSE Nifty50 settled at 24,855.05, gaining 34 points, or 0.14%.
Investor sentiment was kept in check by the uncertainty surrounding the India-US trade negotiations and the upcoming US Federal Reserve policy decision, which raised concerns about future interest rate hikes. As a result, the market was unable to gain significant ground.
The broader market indices like Nifty MidCap and Nifty SmallCap ended on a negative note. The Nifty MidCap index fell 0.07%, and the Nifty SmallCap index dropped 0.52%.
India VIX, a gauge of market volatility, dropped by 2.77%, closing at 11.21, suggesting that investors weren’t overly concerned about market fluctuations today.
You may also like: Understanding and resolving the income tax notice
Impact on the Stock Market
Sectoral Indices Performance
The market saw mixed sector performance, with IT, Pharma, and FMCG stocks posting modest gains, while the realty and auto sectors underperformed. Notably, the Nifty IT sector was up by 0.31%, Nifty Pharma gained 0.01%, and Nifty FMCG rose 0.24%. On the other hand, Nifty Realty was the biggest loser, falling by 0.96%, followed by Nifty Auto, which dropped 0.60%.
| Sector/Index | Performance |
| IT & BPM sector | 0.31% |
| Healthcare sector | -0.05% |
| Oil & Gas sector | -0.12% |
| Real estate sector | -0.96% |
| PSU Bank in India | -0.66% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Larsen Share Price | 3,665.10 | 4.85 |
| Sun Pharma Share Price | 1,733.80 | 1.36 |
| NTPC Share Price | 338.80 | 1.26 |
| Maruti Suzuki Share Price | 12,618.00 | 1.19 |
| TATA Cons. Prod Share Price | 1,073.10 | 1.08 |
Top losers today
| Company | Price (in ₹) | Change % |
| Tata Motors Share Price | 668.45 | -3.45 |
| Hero Motocorp Share Price | 4,251.30 | -1.71 |
| Power Grid Corp Share Price | 288.95 | -1.42 |
| Bajaj Auto Share Price | 8,043.50 | -1.03 |
| Eternal Share Price | 303.45 | -1.01 |
Market Aftermath: Impact on Stocks
M&M Reports Strong Q1 Growth
Mahindra & Mahindra (M&M) posted a stellar performance in its Q1 FY26 results. The company reported a 32% year-on-year (YoY) increase in its standalone net profit, amounting to ₹3,450 crore. This growth was driven by strong sales in its automotive and farm equipment segments.
M&M’s consolidated revenue also jumped by 26% YoY, reaching ₹34,143 crore, while its EBITDA rose 17% to ₹4,795 crore. The company gained significant market share in the SUV segment, rising by 570 basis points to 27.3%. The tractor segment also showed healthy growth, with a 10% increase in sales.
Despite the positive growth, M&M’s margins did see a slight dip, falling by 116 basis points to 14%. Still, the company’s performance has earned praise, and its strong market position in both the auto and farm sectors is likely to continue driving investor interest.
IGL Faces Profit Decline Despite Revenue Growth
Indraprastha Gas Limited (IGL) reported a decline in net profit despite an increase in revenue. The company’s consolidated net profit dropped by 10.9% YoY, totalling ₹427.81 crore for Q1 FY26, compared to ₹480.22 crore in the same quarter last year.
Revenue, however, saw an 11.2% rise, reaching ₹4,326.75 crore, which shows healthy growth. But IGL’s operating earnings (EBITDA) fell by 12% YoY to ₹511.75 crore, and its margins dropped sharply from 17% to 13%. The volume of natural gas sold also increased by 6%, but LNG volumes saw a significant 56% decline.
Although IGL remains a dominant player in the gas distribution sector, this earnings miss has led to a negative market sentiment, reflected in the stock’s 1.19% drop ahead of the earnings announcement. The company needs to address its margin pressures to reassure investors.
Also read: Indraprastha Gas shares gain ahead of bonus share announcement
IndiGo Faces Profit Decline Amid Strong Passenger Growth
IndiGo, India’s largest airline, saw a 20% drop in net profit, posting ₹2,176.3 crore for Q1 FY26 compared to ₹2,728.8 crore in the same quarter last year. This was despite a solid 4.7% increase in revenue, which reached ₹20,496.3 crore.
The decline in profitability was attributed to lower yield rates, which fell by 5% YoY. The airline’s EBITDA margin also decreased from 30% to 28.6%, reflecting pressure on its operating profitability. However, IndiGo still managed to carry 12% more passengers compared to last year, with a 16.4% increase in capacity.
Despite the profit drop, IndiGo’s strong operational performance and robust demand for air travel provide optimism for future quarters. The airline’s focus on expanding its fleet and network will likely continue to support growth, even as it faces some external headwinds in the aviation industry.
You may also like: Air India vs IndiGo: Battle from Indian skies to portfolio!
Crude Oil
Global crude oil markets showed signs of weakness today, with Russia’s crude oil shipments falling by 4% in the first seven months of 2025, compared to the same period in 2024. This decline is partly due to OPEC+ production cuts, and could signal a shift in global oil supply dynamics.
The reduction in Russian oil exports is significant as it adds upward pressure on global prices. Despite this, Brent crude prices remained relatively stable, hovering at $69.27 per barrel. However, these geopolitical and supply concerns are likely to keep oil prices volatile in the coming weeks, which could affect energy-dependent sectors like transportation and manufacturing in India.
Conclusion
Today’s trading session on the Indian stock market saw mixed performance, with strong earnings from companies like M&M and L&T providing some positive momentum. However, concerns over global trade issues, oil price fluctuations, and the US Federal Reserve’s monetary policy decision kept the market from making more significant gains.
While select sectors like IT and pharma showed modest gains, sectors such as realty and auto struggled. The broader market sentiment remains cautious, but positive earnings from key players suggest that there is still room for growth in certain pockets of the market.
The outlook for the coming days will likely be influenced by global events, particularly the US Federal Reserve’s policy stance and developments in Russia’s crude oil exports.
For more stock market insights, check out the StockGro blog.
