The Nifty settled below the 24,250 mark. PSU Bank, Pharma and media shared advanced while private bank, financial services and IT shares declined.

As per provisional closing data, 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, 2,227 shares rose and 2,038 shares fell. A total of 285 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.90% to 12.90.

In the commodities market, Brent crude for September 2026 settlement rose 10 cents or 0.11% to $88.20 a barrel.

IPO Update:

The initial public offer (IPO) of Caliber Mining and Logistics received bids for 15,21,98,830 shares as against 78,35,821 shares on offer, as per NSE data as of 15:15 hours on Monday (20 July 2026). The issue was subscribed 19.42 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. The minimum order quantity is 35 equity shares.

Parliament Monsoon Session 2026 begins today:

The Monsoon Session of Parliament commenced today and will continue till August 13, with 19 sittings scheduled over 25 days. The session is expected to witness heated exchanges between the government and the Opposition over various issues.

The session will also mark the first parliamentary appearance of the Nationalist Citizens Party of India (NCPI), formed after 20 rebel Trinamool Congress MPs merged with the new party and joined the NDA.

Ahead of the session, Prime Minister Narendra Modi is expected to address the media, while Lok Sabha Speaker Om Birla and Defence Minister Rajnath Singh held meetings with political parties.

The government is likely to introduce key legislations during the session, including the Supreme Court (Number of Judges) Amendment Bill, 2026, the Foreign Contribution (Regulation) Amendment Bill, 2026, and the Viksit Bharat Shiksha Adhishthan Bill, 2025.

Economy:

India's forex reserves jumped $964 million to $675.157 billion in the week ended July 10, the Reserve Bank said.

Foreign currency assets, a major component of the reserves, increased by $930 million to $546.508 billion, the central bank's data showed.

The value of gold reserves increased by $24 million to $105.223 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by $3 million at $18.626 billion, the apex bank said.

India's reserve position with the IMF also increased by $7 million to $4.793 billion at the end of the reporting week, according to the RBI's data.

Buzzing Index:

The Nifty Private Bank index fell 2.20% to 27,882.35. The index added 2.12% in the previous trading session.

Axis Bank (down 5.38%), HDFC Bank (down 5.22%), Yes Bank (down 2.8%), Kotak Mahindra Bank (down 1.94%) and Bandhan Bank (down 0.99%), RBL Bank (down 0.08%) declined.

On the other hand, IDFC First Bank (up 1.75%) ,ICICI Bank (up 1.14%) and IndusInd Bank (up 0.57%) added.

Stocks in Spotlight:

HDFC Bank fell 5.12%. 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.

ICICI Bank added 1.32% after 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.

Axis Bank fell 5.48%. 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.

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 12.72% 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.

IDBI Bank fell 2.23%. 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.

Mahindra Logistics rose 1.49%. 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.

RBL Bank rose 0.35% 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 5.48% 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.

Global Markets:

The Dow Jones index futures were down 140 points, hinting at a positive opening in US stocks today.

European market mostly advanced on Monday, despite escalating U.S.-Iran conflict stokes concerns over inflation ahead of another corporate earnings season.

Asian markets ended mixed as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation.

The U.S. military started a ninth straight day of attacks against Iran, which in turn struck targets across the region. Just a handful of ships transited the Strait of Hormuz on Sunday and one was reported to be on fire.

The jump in fuel costs has revived worries about inflation even as U.S. consumer price data surprised on the downside last week, leading futures markets to reportedly price in 29 basis points of Federal Reserve rate hikes by year-end.

Futures imply a 60% chance of a rate rise as early as September, pushing yields on 30-year Treasuries back above the psychological 5.0% barrier. This is a level that tends to attract funds away from equities and toward fixed income, while lifting the valuation bar for future corporate earnings.

Last week, stocks fell again on Friday, with Wall Street posting a weekly decline, as traders weighed the latest moves in semiconductor names along with recent quarterly reports.

The broad market index lost 1.01% to end at 7,457.69, while the Nasdaq Composite dropped 1.4% to 25,520.24 as tech stocks came under scrutiny. The Dow Jones Industrial Average fell 406.55 points, or 0.77%, to close at 52,146.42.

Alongside chips, shares of Netflix were a major laggard Friday, falling more than 7% as the company's forecast failed to ease investor concerns that growth is slowing.

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