Market Commentary - Quick Review
The key equity indices ended a volatile session with modest losses today. Market participants will closely track FII activity, while awaiting CPI data, scheduled for later today. The Nifty closed below 24,500 level.
Private bank, realty and consumer durables shares decline while pharma, media and auto shares advanced.
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 368.49 points or 0.46% to 80,235.59. The Nifty 50 index fell 97.65 points or 0.40% to 24,487.40.
In the broader market, the S&P BSE Mid-Cap index shed 0.25% and the S&P BSE Small-Cap index rose 0.04%.
The market breadth was positive. On the BSE, 2068 stocks rose, 1973 fell, while 163 remained unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 0.12% to 12.23.
New Listing:
Shares of Highway Infrastructure were frozen at the upper limit of 5% at Rs 122.84 on the BSE, representing a premium of 75.49% compared with the issue price of Rs 70.
The scrip was listed at Rs 117, exhibiting a premium of 67.14% to the issue price.
The stock has hit a high of Rs 122.84 and a low of Rs 116. On the BSE, over 26.45 lakh shares of the company were traded in the counter.
IPO Update:
The initial public offer (IPO) of Bluestone Jewellery and Lifestyle received bids for 87,18,531 shares as against 1,65,14,421 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (12 August 2025). The issue was subscribed 0.53 times.
The initial public offer (IPO) of Regaal Resources received bids for 10,38,39,840 shares as against 2,09,99,664 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (12August 2025). The issue was subscribed 4.94 times.
Buzzing Index:
The Nifty private Bank index fell 0.83% to 26,557.05. The index increased 0.81% in the past trading session.
RBL Bank (down 2.15%), HDFC Bank (down 1.27%), ICICI Bank (down 1.06%), IDFC First Bank (down 0.85%), Kotak Mahindra Bank (down 0.83%), Federal Bank (down 0.38%), Axis Bank (down 0.32%) and Yes Bank (down 0.21%) declined.
Stocks in Spotlight:
Tilaknagar Industries jumped 4.93% after the company reported a 120.8% surge in consolidated net profit to Rs 88.51 crore on a 30.6% increase in revenue from operations (excluding excise duty) to Rs 409.14 crore in Q1 FY26 over Q1 FY25.
Bata India slipped 4.57% after the company reported a 70.13% decline in consolidated net profit to Rs 51.99 crore, while revenue from operations decreased by 0.29% to Rs 941.85 crore in Q1 FY26 over Q1 FY25.
Praj Industries dropped 7.04% after the company's consolidated net profit declined 93.7% to Rs 5.34 crore on 8.4% fall in net sales to Rs 640.20 crore in Q1 FY26 over Q1 FY25.
Belrise Industries added 0.60% after the company reported 56.1% increase in net profit to Rs 111.68 crore on a 27% rise in revenue from operations to Rs 2,262.21 crore in Q1 FY26 as compared with Q1 FY25.
Ashoka Buildcon declined 2.39% after the company's standalone net profit declined 25% to Rs 30.62 crore on a 30.2% fall in revenue from operations to Rs 1,310.64 crore in Q1 FY26 over Q1 FY25.
Marksans Pharma tumbled 10.61% after the company's consolidated net profit dropped 34.3% to Rs 58.31 crore despite of 4.97% jump in revenue from operations to Rs 619.98 crore in Q1 FY26 over Q1 FY25.
Hindalco Industries shed 0.82%. The company's said that its US-based subsidiary Novelis Inc posted a 13% year-on-year rise in net sales to $4.7 billion for the first quarter of fiscal 2026, boosted by higher average aluminium prices and a 1% increase in total rolled product shipments to 963 kilotonnes. Net income attributable to the common shareholder dropped 36% to $96 million, hurt by restructuring charges and lower operating performance, partially cushioned by favourable metal price lag.
Global Markets:
Most European markets advanced on Tuesday after U.K. employment grew by a greater-than-expected 238,000 in the three months to June, according to official data. The number of job vacancies declined by 44,000 in the May to July period, marking the 37th consecutive period of quarterly falls.
Most Asian markets ended higher after an extension to the U.S.- China trade truce was announced overnight, granting the world's largest economies more room to negotiate a deal.
President Donald Trump on Monday delayed high U.S. tariffs on Chinese goods from snapping back into place for another 90 days, a White House official has reportedly said.
Those tariffs were set to resume Tuesday. But Trump signed an executive order hours beforehand that extends the deadline until mid-November, according to media reports.
The delay was the expected outcome from the latest round of talks between U.S. trade negotiators and their Chinese counterparts, which took place in Stockholm in late July.
Investors will be keeping a close watch on the Reserve Bank of Australia rate verdict. The RBA is widely expected to slash cash rates later in the day.
Singapore's Ministry of Trade and Industry has revised its 2025 growth forecast for the city-state upwards to 1.5%-2.5% from 0%-2%.
On Wall Street, Stocks fell across the board to end Monday's session as as investors await inflation data this week to assess the outlook for interest rates going forward. The Dow Jones Industrial Average lost 200.52 points, or 0.45%, and closed at 43,975.09. The S&P 500 slipped 0.25% to end at 6,373.45, while the Nasdaq Composite shed 0.3% to settle at 21,385.40.
Investors expect the recent shakeup at the U.S. Federal Reserve and signs of labor market weakness could nudge the central bank into adopting a dovish monetary policy stance later this year, fueling much of the optimism.
As per media reports, the semiconductor majors had agreed to give the United States government 15% of revenue from sales of their advanced chips to China.
The report further said that the levy could hit the chipmakers' margins and set a precedent for Washington to tax critical U.S. exports, potentially extending beyond semiconductors.
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