Key equity benchmarks ended lower on Monday, with the Nifty closing below the 24,250 mark, dragged by heavy selling in private banking stocks following their quarterly earnings. Investor sentiment remained subdued amid weak global cues, escalating Middle East tensions and elevated crude oil prices. Broader markets outperformed the benchmarks, with the midcap and smallcap indices ending marginally higher. Among sectors, PSU banks, pharma and energy stocks advanced, while private banks emerged as the biggest losers.

The S&P BSE Sensex tanked 442.93 points or 0.57% to 77,708.52. The Nifty 50 index fell 95.80 points or 0.39% to 24,238.50.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.47% and the BSE 250 SmallCap Index rose 0.21%.

The market breadth was positive. On the BSE, 2,226 shares rose and 2,039 shares fell. A total of 255 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.29% to 12.98.

Parliament Monsoon Session 2026:

The Monsoon Session of Parliament began on a stormy note on Monday, following protests by Opposition members over multiple issues. Speaker Om Birla urged MPs to maintain order and allow Question Hour to continue, while Congress and other INDIA bloc parties said they would press the government on matters including alleged irregularities in Ram Mandir donations, examination paper leaks and the ethanol-blending policy. The session, scheduled to run until 13 August 2026, is expected to witness heated debates on key legislative and political issues.

Economy:

India's foreign exchange reserves rose by $964 million to $675.157 billion in the week ended 10 July 2026, according to data released by the Reserve Bank of India (RBI).

Foreign currency assets, the largest component of the reserves, increased by $930 million to $546.508 billion. Gold reserves rose by $24 million to $105.223 billion, while Special Drawing Rights (SDRs) edged up by $3 million to $18.626 billion.

India's reserve position with the International Monetary Fund (IMF) also increased by $7 million to $4.793 billion during the reporting week, the RBI data showed.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.03% to 6.782 compared with the previous session close of 6.780.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 96.4500 compared with its close of 96.3050 during the previous trading session.

MCX Gold futures for 5 August 2026 settlement rose 0.66% to Rs 141,793.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.05% to 100.81.

The United States 10-year bond yield jumped 0.33% to 4.556.

In the commodities market, Brent crude for September 2026 settlement fell 14 cents or 0.16% to $87.96 a barrel.

Global Markets:

US Dow Jones futures rose 126 points, indicating a positive start for Wall Street later today.

European indices traded mostly higher on Monday despite the escalating US-Iran conflict, as investors balanced geopolitical risks and inflation concerns ahead of another corporate earnings season.

Asian shares ended mixed as the intensifying conflict in the Gulf pushed oil prices higher and rekindled fears of inflation.

The US military launched a ninth consecutive day of strikes against Iran, while Iran continued retaliatory attacks across the region. Shipping through the Strait of Hormuz remained limited, with reports of a vessel catching fire on Sunday.

The surge in crude oil prices has revived inflation concerns, even as softer-than-expected US consumer price data last week eased pressure on prices. Markets are now pricing in about 29 basis points of Federal Reserve rate hikes by the end of the year, with futures implying a 60% probability of a rate increase as early as September.

Higher Treasury yields also weighed on sentiment, with the 30-year US Treasury yield climbing back above the 5% mark, a level that typically makes fixed-income assets more attractive relative to equities.

Wall Street ended lower on Friday, extending weekly losses as investors assessed earnings and weakness in technology stocks. The S&P 500 fell 1.01% to 7,457.69, the Nasdaq Composite declined 1.4% to 25,520.24, and the Dow Jones Industrial Average dropped 406.55 points, or 0.77%, to 52,146.42.

Among individual stocks, Netflix tumbled more than 7% after its outlook failed to ease concerns over slowing growth, while semiconductor stocks also remained under pressure.

Stocks in Spotlight:

HDFC Bank fell 5.08%. The bank reported a 4.98% increase in standalone net profit to Rs 19,059.72 crore in Q1 FY27 as against Rs 18,155.21 crore posted in Q1 FY26. Total income declined 7.08% year on year (YoY) to Rs 92,184.38 crore in Q1 FY27 from Rs 99,200.03 crore in Q1 FY26.

Axis Bank fell 5.37%. The bank's standalone net profit jumped 22.52% to Rs 7,113.92 crore in Q1 FY27, compared with Rs 5,806.14 crore in Q1 FY26.Total income increased 6.26% year on year (YoY) to Rs 40,721.05 crore in Q1 FY27.

Kotak Mahindra Bank fell 1.96%. The bank reported a 25.63% YoY rise in standalone net profit to Rs 4,122.96 crore in Q1FY27, compared with Rs 3,279.50 crore in Q1FY26. Total income increased 5.31% YoY to Rs 17,815.69 crore during the quarter.

ICICI Bank rose 1.16%. The bank's standalone net profit rose 15.95% to Rs 14,804.50 crore in Q1 FY27 as against Rs 12,768.21 crore posted in Q1 FY26. Total income increased 5.43% year on year (YoY) to Rs 54,246.84 crore in Q1 FY27.

Yes Bank fell 2.80%. The bank reported 33.7% rise in net profit to Rs 1,071 crore on a 11.2% increase in total net income to Rs 4,584 crore in Q1 FY27 as compared with Q1 FY26.

IDBI Bank fell 2.10%. The company's standalone net profit jumped 5.37% to Rs 2,115.18 crore on a 1.36% rise in total income to Rs 8,573.02 crore in Q1 FY27 over Q1 FY26. Operating profit stood at Rs 2,167.81 crore in Q1 FY27, down 7.91% YoY.

RBL Bank rose 0.19% The bank's standalone net profit surged 26.64% YoY to Rs 253.70 crore in Q1 FY27 as against Rs 200.33 crore posted in Q1 FY26. Total income increased 6.40% year on year (YoY) to Rs 4,799.68 crore in Q1 FY27.

Punjab National Bank (PNB) jumped 5.61% after the bank's standalone net profit surged 213.63% to Rs 5,253.29 crore in Q1 FY27 compared with Rs 1,675 crore posted in Q1 FY26. Total income remained largely unchanged at Rs 37,232 crore in Q1 FY27 from Rs 37,231.76 crore posted in Q1 FY26.

Tips Music surged 6.65% after the company announced that its board will consider a proposal for the buyback of fully paid-up equity shares at its meeting scheduled for 22 July 2026. The board will also consider and approve Q1 FY27 financial results at the same meeting.

Ultratech Cement advanced 1.48% after the company's consolidated net profit jumped 16.77% to Rs 2,599.28 crore in Q1 FY27 from Rs 2,225.90 crore in Q1 FY26. Revenue from operations climbed 15.85% YoY to Rs 24,648 crore in Q1 FY27.

Mahindra Logistics rose 2.49%. The company's consolidated net profit stood at Rs 25.39 crore in Q1 FY27, compared with a net loss of Rs 10.80 crore in Q1 FY26. Profit increased 25.76% QoQ from Rs 20.19 crore in Q4 FY26. Revenue from operations increased 23.29% YoY and 11.83% QoQ to Rs 2,002.88 crore in the June 2026 quarter.

Tatva Chintan Pharma Chem surged 20% after the company reported a robust performance for the quarter ended 30 June 2026. The company's consolidated net profit soared 140.3% to Rs 15.98 crore in Q1 FY27, compared with Rs 6.65 crore in Q1 FY26. Revenue from operations jumped 42.95% YoY to Rs 167.05 crore in the quarter ended 30th June 2026.

Bhansali Engineering Polymers surged 12.07% after the company's consolidated net profit increased 42.95% YoY and 27.13% QoQ to Rs 65.60 crore in Q1 FY27. Revenue from operations rose 53.34% YoY and 38.21% QoQ to Rs 472.15 crore in the June 2026 quarter. The company said revenue growth was driven by higher realisations, while operating leverage and improved cost efficiencies contributed to a significant expansion in profitability.

IPO Update:

Caliber Mining and Logistics received bids for 18,04,09,005 shares as against 78,35,821 shares on offer, as per NSE data as of 16:42 hours on Monday (20 July 2026). The issue was subscribed 23.02 times.

The issue opened for bidding on Friday (17 July 2026) and it will close on Tuesday (21 July 2026). The price band of the IPO is fixed between Rs 402 to Rs 424 per share.

Powered by Capital Market - Live News