Stock Market Live Update: Swiggy Share Price Jumps To Highest Level Since Feb 5

Swiggy share price jumped 7.99% to Rs 426.30 apiece, the highest level since Feb 5. It was trading 7.23% higher at Rs 423.30 apiece as of 9:37 a.m., as compared to 0.11% advance in the NSE Nifty 50 index.

Eternal Q1 Results Review: Blinkit Boom Or Profit Problem?

Brokerages gave mixed reactions to Zomato’s first-quarter results, with UBS, Citi, and Bernstein citing strong momentum in quick commerce via Blinkit, while Macquarie flagged rising costs and questioned the valuation. The company posted higher revenue but missed profit expectations, leading to diverging views on growth and sustainability.

Sectoral Performance At Open: Nifty Defence Leads Gains

On National Stock Exchange, eight sectoral indices advanced, six remained flat, and one declined out of 15. The NSE Nifty Defence outperformed, while the NSE Nifty Pharma declined the most.

Nifty Contributors: Eternal, HDFC Bank And ICICI Bank Support Gains 

Eternal Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., and Trent Ltd. added to the Nifty 50 index.

Reliance Industries Ltd., Infosys Ltd., Bharti Airtel Ltd., Kotak Mahindra Bank Ltd., and Bajaj Finserve Ltd. weighed on the Nifty 50 index.

Market Open: Nifty, Sensex Extend Gains 

The NSE Nifty 50 and BSE Sensex extended gains at open tracking a rise in Eternal Ltd. and HDFC Bank Ltd. First-quarter performance contributed to the positive sentence for the stocks.

Stock Market Today: Nifty, Sensex Rise At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.21% higher at 25,166.65, and the BSE Sensex was trading 0.39% higher at 82,523.81.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.35%

Source: Cogencis

Rupee Opens Stronger Against US Dollar

  • Rupee opened 4 paise stronger against US Dollar at 86.25

  • It closed at 86.29 a dollar on Monday.

Source: Cogencis

Pidilite, Heritage Foods, Aditya Birla Sun Life AMC — Last Day To Buy Shares To Qualify

Shares of Pidilite Industries Ltd., Heritage Foods Ltd., Aditya Birla Sun Life AMC and 13 other companies will be of interest on Tuesday as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

For a dividend, investors should note the record date that determines shareholder eligibility.

Q1 Earnings:  Dixon Tech, IRFC, Paytm, Mahanagar Gas Among 50+ Companies To Declare Quarterly Earnings

At least 53 companies are set to announce their Q1FY26 results of the April-June quarter on July 22. The list includes prominent names such as Dixon Technologies (India), Paytm operator One 97 Communications, Colgate-Palmolive (India), Ideaforge Technology, and Indian Railway Finance Corporation (IRFC), among others.

Read the full article here.

Bajaj Finance Shake-Up: Rajeev Jain Returns As MD Anup Kumar Saha Resigns

Brokerages said Bajaj Finance’s decision to reappoint Rajeev Jain as vice chairman and managing director ensures near-term stability, after Anup Kumar Saha stepped down from the top role four months into his tenure.

Jefferies called the resignation “a surprise” but maintained a ‘buy’ rating with a target price of Rs 1,044. The brokerage said Jain’s presence and the depth of the senior management team would allow for a smooth transition. It also noted that succession planning remains a key medium-term issue.

Read the full article here.

Brokerages On Zomato 

Bernstein on Eternal

Maintain Outperform; Hike target price to Rs 320 from Rs 280

Eternal Q1: Quick Commerce Flywheel

Delivered a robust quarter with a strong beat in Quick Commerce

Beat driven by dark store expansion and lower than expected adj EBITDA losses

Remains top-pick in India internet and is poised to benefit from the structural shift to quick commerce

Macquarie on Eternal

Maintain Underperform with a target price of Rs 150

Quick Commerce explosive growth, losses contained; Food Delivery growth lags

Despite yet to be proven steady-state economics and rising competition, estimate the current share price implies $15bn value for Blinkit

Remain guarded on both Quick Commerce economics and what’s priced in Eternal shares

Citi on Eternal

Maintain Buy; Hike target price to Rs 320 from Rs 290

Quick Commerce Delivers Intact Growth Momentum + Lower Losses

Quick Commerce Adj EBITDA surprised positively

Believe that gains from the improved Quick Commerce outlook more than offsets the negative impacts

Eternal is one of top India Internet Picks

Oil Prices Decline For Third Session As Tariff Deadline Looms

Crude oil prices declined for third session in a row as tariff deadline draws closer. US and European Union are about to enter another round of negotiation in order to strike a deal by Aug 1.

The September future contract was trading 0.81% down at $68.65 a barrel as of 7:57 a.m.

Asia Market Update: Japan’s Nikkei 225 & Topix Rise As Political Jitters Subside

Japan’s benchmark indices the Nikkei 225 and Topix staged a relief rally after Prime Minister Shigeru Ishiba said that he will continue as a leader after ruling party lost majority in the upper house.

Markets across China, Hong Kong, South Korea, and Australia advanced tracking overnight gains on Wall Street as investors await earnings from the US corporates.

US Market Update: Dow Jones And Nasdaq 100 Futures Rise 

US stock indices futures rise in Asia session Tuesday. In the previous session, the Nasdaq Composite and S&P 500 scaled a fresh highs tracking a pre-earning jump in Alphabet Inc.

The Dow Jones Industrial Average rose 0.17% to 44,623.00, and the S&P 500 future rose 0.11% to 6,351 as of 7:29 a.m. The Nasdaq 100 future rose 0.07% to 23,363.24.

GIFT Nifty Implies Positive Open; Bajaj Finance, Oberoi Realty, PNB Housing In Focus

The GIFT Nifty was trading 0.01% or 2.50 points higher at 25,184.50 as of 6:57 a.m., which implied a higher open for the Nifty 50 index.

Traders will likely keep an eye on Oberoi Realty Ltd., PNB Housing Finance Ltd. as they released their first-quarter results. Bajaj Finance Ltd., 360 One Wam Ltd., State Bank of India, and Afcons Infrastructure Ltd. will also be in focus.

The benchmark equity indices snapped three sessions of losses on Monday as shares of ICICI Bank Ltd. and HDFC Bank Ltd. led the gains.

The NSE Nifty 50 ended 122.3 points or 0.49% higher at 25,090.7, while the BSE Sensex gained 442.61 points or 0.54% to close at 82,200.34.

. Read more on Markets by NDTV Profit.Broader markets advanced at open. The NSE Nifty Midcap 150 and NSE Nifty Smallcap 250 were trading 0.10% and 0.32% higher, respectively.  Read MoreMarkets, Notifications 

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