International commodity markets showed a sharp divergence, with metals advancing while energy prices declined. Gold remained nearly flat at $4,107.76, up 0.02%, while spot gold rose 0.25% to $4,052.71. Silver gained 0.98% to $58.353, and copper advanced 0.86% to $6.5255, indicating firm demand for precious and industrial metals. Energy commodities came under heavy selling pressure, with WTI crude falling 5.14% to $80.32 and Brent crude tumbling 7.11% to $83.71. Natural gas also weakened 0.79% to $2.765. Overall, the session reflected strong interest in metals alongside a significant correction in global oil prices.
SBI Funds Management, DLF, Escorts Kubota, One Mobikwik Systems, Computer Age Management Services (CAMS), DOMS Industries, Dr. Agarwal's Eye Hospital, Great Eastern Shipping Company, GlaxoSmithKline Pharmaceuticals, Jindal Stainless, Kalpataru, Kansai Nerolac Paints, KEI Industries, Krishna Institute of Medical Sciences (KIMS), Nazara Technologies, Texmaco Rail & Engineering, Torrent Power, and UPL.
Tata Motors Commercial Vehicles (CV): Total sales surge 37% to 39,641 units vs 28,956 units. Domestic sales jump 28% to 33,876 units vs 26,432 units. Exports rise 128% to 5,765 units vs 2,524 units.
Tata Motors Passenger Vehicles: Total sales grow 59% to 63,760 units vs 40,175 units. Electric vehicle (EV) sales soar 114% to 15,217 units vs 7,124 units.
Maruti Suzuki India: Total sales zoom 33.7% to 2.41 lakh units vs 1.8 lakh units. Domestic sales grow 42.1% to 2.11 lakh units vs 1.48 lakh units. Exports fall 5.3% to 30,056 units vs 31,745 units.
Hyundai Motor India: Total sales zoom 25.4% to 75,360 units vs 60,073 units. Domestic sales increase 23.3% to 54,210 units vs 43,973 units. Exports grow 31.4% to 21,150 units vs 16,100 units. In July, company achieves highest-ever monthly export sales in over 100 months.
Mahindra & Mahindra: Total automotive sales spike 25.8% to 1,03,860 units vs 82,584 units. Domestic passenger vehicle sales rise 20.4% to 60,048 units vs 49,871 units. Total tractor sales jump 20% to 34,420 units vs 28,708 units.
Eicher Motors (Royal Enfield): Total sales increase 34% to 1,18,232 units vs 88,045 units. Domestic sales jump 38.1% to 1,05,317 units vs 76,254 units. Exports grow 10% to 12,915 units vs 11,791 units.
Eicher Motors (Commercial Vehicles): Total VECV sales rise 15.8% to 8,241 units vs 7,115 units.
Escorts Kubota (YoY): Total sales grow 22% to 8,731 units vs 7,154 units. Domestic sales surge 23.7% to 8,194 units vs 6,624 units. Exports rise 1.3% to 537 units vs 530 units.
Steel Strips Wheels: Total sales grow 51% YoY by value and 26% by volume. Company reports the highest-ever monthly sales in July.
Atul Auto (YoY): Total sales zoom 39.9% to 3,800 units vs 2,717 units. Domestic sales increase 28.6% to 3,215 units vs 2,500 units.
SML Mahindra (YoY): Total sales rise 12% to 1,603 units vs 1,427 units. Passenger vehicles sales jump 21% to 1,186 units vs 978 units. Cargo vehicles sales fall 7% to 417 units vs 449 units.
Maruti Suzuki India: June-quarter revenue from operations stood at ₹524.56 billion, above the ₹515.66 billion estimate, while profit of ₹33.52 billion also exceeded the ₹32.22 billion estimate. The company approved four compressed biogas manufacturing projects with an initial budget of ₹5.61 billion and may expand capacity based on project performance. Management indicated supply-side growth headroom, although higher commodity and gas prices affected margins.
National Aluminium Company (NALCO): Profit soars 90.9% to ₹2,003.1 crore vs ₹1,049.5 crore. Revenue jumps 39.3% to ₹5,302.4 crore vs ₹3,806.9 crore. The board also declared a dividend of ₹1 per share.
Glenmark Pharmaceuticals: Profit grows over 10-fold to ₹482.9 crore vs ₹46.9 crore. Revenue rises 23.1% to ₹4,018.5 crore vs ₹3,264.4 crore.
Divis Laboratories Q1 (Consolidated YoY): Profit spikes 65.5% to ₹902 crore vs ₹545 crore. Revenue zooms 27.8% to ₹3,080 crore vs ₹2,410 crore.
Persistent Systems Q1 (Consolidated YoY): Profit soars 13.7% to ₹483 crore vs ₹424.9 crore. Revenue increases 29.1% to ₹4,303.2 crore vs ₹3,333.6 crore. Dollar revenue jumps 16.1% to $452.4 million vs $389.7 million.
Central Depository Services (CDSL) Q1 (Consolidated YoY): Profit grows 14.8% to ₹117.5 crore vs ₹102.4 crore. Revenue rises 13.1% to ₹292.8 crore vs ₹258.8 crore.
Muthoot Finance Q1 (Consolidated YoY): Profit zooms 38.8% to ₹2,799.1 crore vs ₹2,016.2 crore. Revenue jumps 29.6% to ₹5,098.6 crore vs ₹3,933.1 crore.
Coal India (YoY): Coal production grows 8.4% to 50.4 MT vs 46.4 MT. Coal offtake jumps 17.4% to 63.7 MT vs 54.2 MT.
Zydus Lifesciences: Received a US FDA Establishment Inspection Report for its injectable facility with Voluntary Action Indicated (VAI) classification, concluding the inspection process.
Dr. Reddy’s Laboratories: Received US FDA approval for its rituximab biosimilar, strengthening its presence in the global biosimilars market.
Lupin: Received US approval for Diazepam Injection USP, expanding its injectable product portfolio in the United States.
Afcons Infrastructure: Secured projects worth nearly ₹9 billion during July 2026.
LG Balakrishnan & Bros: Reported consolidated June-quarter revenue of ₹7.99 billion and net profit of ₹670.2 million. The company also approved an agreement with Brigade Enterprises to develop its land in Mysore.
Jayant Agro-Organics: Reported consolidated June-quarter revenue from operations of ₹7.97 billion and net profit of ₹205.2 million.
MSP Steel & Power: Reported consolidated June-quarter revenue of ₹8.27 billion and net profit of ₹219.8 million.
Blue Dart Express: First-quarter consolidated revenue rose to ₹16.58 billion, while net profit reached ₹884.9 million, supported by strong shipment volumes.
CESC: Approved a scheme of amalgamation involving RPSG Energy and Purvah, aimed at simplifying the group structure.
Aarti Drugs: Reported consolidated June-quarter revenue of ₹7.03 billion and net profit of ₹501.7 million. Adhish P. Patil was appointed managing director for five years from October 1, 2026.
Narayana Hrudayalaya: Reported consolidated June-quarter revenue of ₹26.84 billion and net profit of ₹2.07 billion.
Powerica: Executed a 25-year power purchase agreement with Gujarat Urja Vikas Nigam for a 100 MW wind project at a tariff of ₹3.44 per kWh.
TCC Concept: Reported consolidated June-quarter revenue of ₹1.28 billion and net profit of ₹122.7 million. The company also approved a scheme of amalgamation with Altrr Software Services.
Bharat Electronics (BEL): Received new orders worth ₹8.47 billion.
Sasken Technologies: Reported consolidated June-quarter revenue of ₹3.39 billion and net profit of ₹248.6 million.
Concord Biotech: Reported consolidated June-quarter revenue from operations of ₹2.57 billion and net profit of ₹585.3 million.
Mamata Machinery: Resumed operations at its Ahmedabad facility from July 30, 2026, following flooding and expects no material financial impact from the incident.
ABB India: Reported consolidated June-quarter revenue from operations of ₹35.59 billion and net profit of ₹3.62 billion. The company declared a special dividend of ₹90 per share.
WSFX Global Pay: Received a perpetual Authorised Dealer Category-II licence from the RBI under the revised regulatory framework.
Corona Remedies: Reported consolidated June-quarter revenue of ₹4.22 billion and net profit of ₹601.1 million.
NCC: Received three orders aggregating ₹10.53 billion during July 2026.
SMS Pharmaceuticals: Reported consolidated June-quarter revenue of ₹2.07 billion and net profit of ₹209.1 million. Ramesh Babu Potluri was reappointed chairman and managing director for five years from October 1, 2026.
Jindal Worldwide: Reported consolidated June-quarter revenue of ₹5.55 billion and net profit of ₹324 million.
Keltech Energies: Reported June-quarter revenue from operations of ₹1.83 billion and profit of ₹80.8 million.
Ram Ratna Wires: Reported consolidated June-quarter revenue of ₹18.53 billion and net profit of ₹352.1 million.
Jupiter Life Line Hospitals: Reported consolidated June-quarter revenue of ₹4.11 billion and net profit of ₹374.9 million. Its subsidiary acquired 100% of Sulcus Private Limited for ₹37.8 million, while Harshad Purani was appointed chief financial officer effective July 31, 2026.
Vega Jewellers: Reported consolidated June-quarter revenue of ₹2.72 billion and net profit of ₹184.1 million.
PNC Infratech: Received a letter of intent worth ₹3.02 billion from the Airports Authority of India for airside and landside development works.
BSE: Acquired a 3.33% stake in India International Bullion Holding IFSC for ₹101 million.
Nava: Completed planned maintenance at its ferro-alloys plant and resumed operations at both furnaces from August 1, 2026.
Aadhar Housing Finance: Reported consolidated June-quarter revenue from operations of ₹9.93 billion and profit after tax of ₹2.82 billion.
ideaForge Technology: Received in-principle approval from the Technology Development Board for financial assistance to one of its projects.
Bajaj Holdings and Investment: Reported consolidated June-quarter total income of ₹4.19 billion and net profit of ₹27.06 billion.
Xpro India: Reported consolidated June-quarter revenue of ₹1.74 billion and net profit of ₹79.4 million.
UPL: Received no adverse observations from BSE and no-objection approval from NSE for its proposed composite scheme of arrangement.
Imagicaaworld Entertainment: Its subsidiary, Mehsana Next Parks, entered into an investment agreement to acquire Shanku’s Water Park from Keshav Holiday Resort, although the earlier proposed acquisition of Malpani Parks Ahmedabad had not been completed as of March 31, 2026.
Transcorp International: Reported June-quarter revenue from operations of ₹2.84 billion and profit of ₹17.3 million.
Dhampur Sugar Mills: Reported consolidated revenue from operations of ₹7.86 billion and net profit of ₹60.3 million.
Sterlite Technologies (STL): The company has received a multi-year supply agreement worth ₹960 crore for the supply of fibre cables to a domestic telecom operator.
Zee Entertainment Enterprises (ZEEL): SEBI has barred ZEEL from accessing the securities market for two months. SEBI has also barred chief executive Punit Goenka and founder Subhash Chandra from the securities market for one year and imposed aggregate penalties of ₹14.8 million on the company and its senior leadership for securities-law violations. SEBI also issued a final order concerning the unauthorised pledge of the company’s immovable property. Separately, shareholders approved the preferential issue of warrants to a promoter-group entity.
IndiGo: Airspace restrictions, elevated fuel costs and currency pressures affected route efficiency. The airline will temporarily discontinue London Heathrow services until the delivery of its Airbus A350-900 aircraft, end its damp lease with Norse Atlantic Airways from October 31, 2026, and discontinue interim wide-body operations from October 25. Mumbai–Amsterdam services will continue using Airbus A321XLR aircraft from October 25, 2026.
Indian Oil Corporation: Reported first-quarter revenue from operations of ₹2.76 trillion but posted a net loss of ₹26.61 billion. The company expects a July–September revenue loss of around ₹250 on every 14.2-kg LPG cylinder sold and raised August domestic jet-fuel prices by ₹5 to ₹115 per litre.
NSE: Settled past regulatory lapses with SEBI for ₹7.15 billion, in addition to an earlier deposit of ₹7.76 billion, creating a significant financial outflow.
LIC: Received a tax order of ₹991 million along with a penalty of ₹99.1 million.
ITC: Profit declines 27.1% to ₹3,578.8 crore vs ₹4,910.7 crore. Revenue (excluding excise duty) drops 14.4% to ₹16,907.6 crore vs ₹19,760.7 crore. Profit declined as higher cigarette taxation affected the company’s core business.
Dish TV India: A subsidiary initiated arbitration proceedings against DCPlay Distribution to recover dues of ₹1.30 billion plus applicable interest.
SecureKloud Technologies: SEBI barred chief executive Suresh Venkatachari and R.S. Ramani from the securities market for two years following an investigation into trading activities in the company’s shares.
Rashtriya Chemicals and Fertilizers: Estimated an adverse financial impact of ₹1.72 billion after the government revised the energy consumption norm for the company’s Thal unit to 5.984 Gcal per metric tonne.
JK Lakshmi Cement: Litigation was initiated against the company and a subsidiary, with estimated financial implications of ₹1.03 billion.
Urban Company: Reported consolidated first-quarter revenue of ₹5.28 billion but recorded a net loss of ₹921.2 million.
GSM Foils: Reported a firing incident involving managing director Mohansingh Parmar. The company stated that manufacturing facilities at Vasai and Ahmedabad continued to operate normally.
Brandman Retail: Chief executive officer Devendra Singh Negi resigned from the company.
iValue Infosolutions: Chief executive officer Shrikant Manohar Shitole resigned.
Tierra Agrotech: Chief executive officer Kishan Dumpeta resigned.
John Cockerill India: Marc Dumont ceased to be chief financial officer effective July 31, 2026.
Dhampur Sugar Mills: Reported consolidated revenue from operations of ₹7.86 billion and net profit of ₹60.3 million.
Indian Oil Corporation – Strategy and Funding: The company is procuring more crude from spot markets due to the Middle East crisis and plans to route Saudi crude supplies via Africa. Management said crude inventories were adequate for 45 days. IOC has raised $500 million under the RBI’s special foreign-exchange facility and may seek additional funding. Refining expansion is expected to increase crude-processing capacity to 85 million tonnes by FY2027-28, while approximately ₹1 trillion will be invested in petrochemical capacity over five to six years.
Punjab National Bank: Kept its marginal cost of funds-based lending rates (MCLR) unchanged across tenors from August 1, 2026.
State Bank of India: Appointed Satyendra Kumar Singh as deputy managing director and chief credit officer, with additional responsibility as chief sustainability officer.
Supershakti Metaliks: Appointed Sandeep Khanna as chief financial officer effective August 1, 2026.
Shetron: Reappointed Kartik Nayak as joint managing director for a three-year term.
Sical Logistics: Approved a lease facility of up to ₹720 million from Tata Capital.
Koura Fine Diamond Jewelry: The board will consider increasing authorised share capital and raising funds through a preferential allotment.
RPP Infra Projects: Reported consolidated June-quarter revenue of ₹3.47 billion and net profit of ₹27.7 million, reflecting a relatively thin profit margin.
Tacent Projects: Approved the preferential issue of up to 3.4 million equity shares and up to 11.6 million fully convertible warrants. The proposed share and warrant issuances could strengthen capital resources but may lead to equity dilution.
IIRM Holdings India: Approved fundraising of up to ₹225 million.
Mufin Green Finance: Approved a non-convertible debenture issue of up to ₹750 million, including a ₹250 million greenshoe option.
Bharat Coking Coal (YoY): Production of raw coal grows 3.4% to 2.45 million tonnes (MT) vs 2.37 MT. Coking coal production increases 4.6% to 2.37 MT vs 2.26 MT. Non-coking coal production falls 22.1% to 0.08 MT vs 0.10 MT. Offtake (raw coal) production rises 10.9% to 2.83 MT vs 2.55 MT.
RBI Supervisory Framework: The central bank issued consolidated supervisory directions and repealed several earlier circulars as part of regulatory simplification.
Renewable Energy: Record renewable power generation in July reduced coal’s share in India’s electricity mix to a one-year low.
SEBI – Digital Accessibility: Extended the timelines for regulated entities to comply with its digital-accessibility circulars.
SEBI – Religare Enterprises: Disposed of its June 19, 2024 interim order against the noticees without issuing further directions and released a final order in the matter.
SEBI – Bansal Integrated Services: Issued an adjudication order concerning trading in illiquid stock options on BSE.
SEBI – Unregistered Adviser: Issued a final order against Mohit Gupta, proprietor of Safe Trading, over alleged unregistered investment-advisory activities.
RBI State Borrowing: Seventeen states are scheduled to raise a combined ₹268.5 billion through state-development loans on August 4, 2026.
Government Securities Buyback: The Government of India will buy back dated securities worth up to ₹200 billion through an RBI auction on August 6, 2026.
Treasury Bills: India will auction ₹240 billion of Treasury bills on August 5, comprising ₹90 billion of 91-day bills, ₹80 billion of 182-day bills and ₹70 billion of 364-day bills.
Government Bond Market: India’s benchmark 10-year bond yield ended at 6.8343%, compared with the previous close of 6.8132%. The yield increased eight basis points during July, its largest monthly rise since March.
Bloomberg Bond Index: Bloomberg Index Services deferred a decision on including Indian government bonds in the Global Aggregate Index, stating that further time was required for market developments to become firmly established.
RBI Forward Book: The central bank’s net short dollar-forward position declined to $103.3 billion as of June 30 from $106.6 billion at the end of May.
Foreign-Exchange Reserves: India’s forex reserves increased to $682.35 billion as of July 24 from $676.24 billion a week earlier.
Gold Reserves: RBI gold reserves increased to $103.06 billion as of July 24 from $101.75 billion in the previous week.
Indian Rupee: The rupee gained 1.2% during the week, its strongest weekly rise since March, and ended 0.3% higher at ₹95.38 per US dollar against the previous close of ₹95.68.
Government Finances: India’s April–June fiscal deficit stood at ₹3.078 trillion, equivalent to 18.2% of the FY2026-27 target. Net tax receipts during the quarter were ₹6.366 trillion.
Monsoon: The weather office forecast below-average rainfall for August and the August–September period, potentially affecting agriculture, reservoir levels and rural demand.
Government Solar Scheme: The Union Cabinet approved ₹50.70 billion for a solar-energy programme.
Farmer Support: The Cabinet approved approximately ₹3.16 trillion for a farmer cash-transfer programme.
Deep-Sea Exploration: The Cabinet approved around ₹840 billion for a deep-sea exploration programme.
Cocoa: Cocoa futures rose sharply amid expectations of lower global production.
Crude Oil Outlook: A Reuters poll projected average 2026 Brent crude prices of $85.22 per barrel, compared with an earlier forecast of $84.50, and US crude at $80.14 per barrel versus $79.49 previously.
Sugar Outlook: A Reuters poll projected a global sugar deficit of 800,000 tonnes in 2026-27 against a 4.78-million-tonne surplus in 2025-26. Indian sugar production is forecast at 29.4 million tonnes, while central-southern Brazil output is estimated at 40 million tonnes.
Sugar Prices: ICE raw sugar is projected to end 2026 at 15 cents per pound, while white sugar is expected at $479 per tonne.
Indian Equities: Domestic shares recorded monthly gains as improving earnings and renewed foreign inflows outweighed concerns surrounding the global artificial-intelligence trade.
RBI Statistics: The Reserve Bank released its Handbook of Statistics on the Indian Economy for 2025-26.
RBI Government Credit: The central bank reported that the Union government had no outstanding loans with it as of July 24.
Taliban Sanctions: The RBI updated regulated entities regarding amendments to five entries in the UN Security Council’s Taliban sanctions list under Section 51A of the Unlawful Activities Prevention Act.
Gold: International gold prices declined as the US dollar strengthened, although the metal remained on course for its first monthly gain since February.
