Sensex and Nifty 50, closed flat amid mixed global cues, while midcap and smallcap segments continued to outperform despite high valuations. Nifty 50 hit a fresh record high of 24,999.75 during the session but closed barely 2 points up at 24,837.95. The Sensex settled 100 points, or 0.12 percent, higher at 81,455.40.
BSE Midcap index rose by 0.27 percent, while the Smallcap index climbed by 0.88 percent. This upward movement pushed the overall market capitalization of firms listed on the BSE to nearly ₹461 lakh crore, setting a new record.
Impact on the stock market
Sectoral indices, the Nifty FMCG index emerged as the top loser, dropping by 1.11 percent, followed by Nifty Healthcare, which fell by 0.78 percent, and Pharma, which decreased by 0.62 percent. On the positive side, Nifty Consumer Durables rose by 1.12 percent, making it the top gainer among sectoral indices.
Additionally, Nifty Bank recorded a slight gain of 0.18 percent, while the Nifty Private Bank index increased by 0.33 percent. In contrast, the Nifty PSU Bank index slipped by 0.08 percent.
| Sector/Index | Performance |
| IT & BPM sector | -0.11% |
| Healthcare sector | -0.78% |
| Oil & Gas sector | 0.57% |
| Real estate sector | 0.43% |
| PSU Bank in India | -0.08% |
Top gainers today
| Company | Price | Change (%) |
| Tata Motors Share Price | 1,161.85 | +3.37 |
| NTPC Share Price | 406.95 | +3.31 |
| BPCL Share Price | 348.20 | +3.05 |
| Power Grid Corp Share Price | 349.80 | +2.18 |
| Asian Paints Share Price | 3,005.05 | +1.70 |
Top losers today
| Company | Price | Change (%) |
| LTIMindtree Share Price | 5,672.50 | -1.97 |
| Cipla Share Price | 1,528.90 | -1.61 |
| SBI Life Insura Share Price | 1,721.05 | -1.47 |
| Grasim Share Price | 2,790.90 | -1.32 |
| Sun Pharma Share Price | 1,701.60 | -1.26 |
Market aftermath: Impact on stocks
Granules India shares hit 52-week high
Granules India reported a remarkable 181 percent jump in consolidated net profit for Q1 FY25, amounting to Rs 1,346 crore. This stellar performance was driven by robust operational efficiency and strong revenue growth.
The company’s revenue from operations surged 20 percent year-on-year to Rs 11,799 crore. Additionally, the EBITDA margin expanded by 600 basis points to 22 percent, up from 14 percent in the same period last year.
This impressive financial performance led to a 3.5 percent increase in Granules India’s share price, which hit a new 52-week high of Rs 584.6 on the NSE. The strong earnings report underscored the company’s ability to navigate market challenges and capitalize on growth opportunities.
You may also read: Fundamentally analysing Solara Active Pharma Sciences Ltd
Kansai Nerolac jumps 10%
Despite facing a 68.7 percent year-on-year decline in net profit to Rs 230 crore and a modest 1.1 percent drop in revenue to Rs 2,133 crore for Q1 FY25, Kansai Nerolac’s shares soared over 10 percent to Rs 310 per share.
The sharp rise in share price was attributed to the management’s optimistic outlook for demand recovery in the coming quarters, bolstered by favorable monsoon trends. The positive sentiment among investors was further fueled by the company’s strategic plans to improve performance in the decorative segment.
Also read : Fundamentally analysing Kansai Nerolac Paints Ltd. for investment
Adani Energy Solutions to launch ₹ 6,000-cr QIP
Adani Energy Solutions announced plans to launch a Rs 6,000-crore Qualified Institutional Placement (QIP) at a floor price of Rs 1,025 per share. This strategic move aims to strengthen the company’s capital base and support its growth initiatives.
The QIP demand has reportedly crossed three times, with notable interest from investors such as GQG, ADIA, Qatar Fund, and several US-based funds. Eastspring, White Oak, Nomura, Bandhan MF, Axis MF, and IIFL are also expected to participate in the QIP.
You may like: Adani Green Energy share price drops 4% despite strong FY24 business updates
Crude oil price decline
Crude oil futures saw a slight decline due to global uncertainties and cautious trading ahead of key economic data releases. Brent oil futures were at $78.71, down by 0.43 percent, while crude oil futures on WTI were at $75.47, down by 0.45 percent.
On the Multi Commodity Exchange (MCX) crude oil futures were trading at ₹6,330, down by 0.33 percent from the previous close, and September futures were at ₹6,268, down by 0.29 percent.
Conclusion
The Indian stock market’s flat close on July 30 highlighted the cautious sentiment among investors ahead of the US Federal Reserve’s meeting outcome.
While the Sensex and Nifty 50 closed flat, midcap and smallcap stocks continued to outperform, showcasing investor confidence in these segments.
Key stock movements included Granules India’s strong Q1 performance, Kansai Nerolac’s optimistic demand outlook, and Adani Energy Solutions’ significant QIP launch.
Crude oil prices remained subdued, reflecting the broader cautious sentiment in the market.
Stay tuned on StockGro for more updates on market trends.
