Indian stock markets ended Tuesday's session with the Nifty 50 closing 112.10 points or 0.46% lower at 24,471.70 and the Sensex declining 388 points or 0.49% to 78,154.25 as of latest closing data. According to Business Standard, the Nifty settled below the 24,500 level amid ongoing weekly F&O expiry, with market participants continuing to assess a slew of Q1 FY27 earnings announcements. Market breadth remained negative on BSE, with 2,032 shares rising and 2,280 shares falling, while 209 shares remained unchanged. The market failed to sustain intraday gains, with the Sensex and Nifty swinging between gains and losses throughout the day as investors remained cautious. In the broader market, the BSE 150 MidCap Index fell 0.16% and the BSE 250 SmallCap Index jumped 0.24%, showing mixed performance across market segments.
The derivatives market showed significant activity with Nifty August 2026 futures closing at 24,525.10, trading at a premium of 54 points compared to the cash market closing of 24,471.70. As per Business Standard, the August 2026 F&O contracts will expire on 25 August 2026, contributing to the premium pricing. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 3.73% to 11.79, indicating reduced market uncertainty. Life Insurance Corporation of India (LIC), Infosys and Multi-Commodity Exchange of India (MCX) were the top-traded individual stock futures contracts in the F&O segment of the NSE, reflecting strong institutional interest in these stocks.
Sector performance was sharply divided on Tuesday, with FMCG emerging as the worst performer while Pharma, IT and consumer durables advanced. According to Business Standard, the Nifty FMCG index tumbled 1.34% to 48,785.85, falling 1.31% in the two consecutive trading sessions. Tata Consumer Products declined 2.77%, Nestle India fell 2.32%, Emami dropped 1.95%, Varun Beverages fell 1.91%, ITC declined 1.29%, Marico dropped 0.98%, Hindustan Unilever fell 0.82%, Radico Khaitan declined 0.78%, Godrej Consumer Products fell 0.77%, and Dabur India dropped 0.58%. On the positive side, Dr. Reddy's Laboratories led the gainers, rising 2.61% to ₹1,189.10, followed by Titan at ₹5,146.30, up 1.11%, Eicher Motors at ₹8,057.50, up 1.03%, Infosys at ₹1,191.00, up 0.68%, and TCS at ₹2,439.20, up 0.56%. Max Healthcare was the top decliner, falling 3.07% to ₹1,036.20, Tata Consumer Products dropped 2.14% to ₹1,085.00, Apollo Hospitals fell 2.12% to ₹8,723.00, UltraTech Cement declined 2.00% to ₹11,797.00, and SBI Life Insurance shed 1.89% to ₹1,820.00.
Crude oil remained the overriding concern, with Brent crude futures rising nearly $90 per barrel and U.S. crude futures ticking up to $82.42, both hitting the highest levels since July 31 after the contracts rallied roughly 5% on Monday. According to Business Standard, oil prices jumped over 1% as negotiations between the U.S. and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse. U.S. President Donald Trump on Monday responded to Iran's conditions for a peace deal with his own demands that Iran pay compensation for people killed in wars, in a rhetorical escalation likely to complicate efforts to reopen the crucial waterway. Earlier, Iran had called for Washington to meet conditions, including recompensing Tehran for the damage caused since the U.S. and Israel launched strikes on its territory more than five months ago. The latest uptick in fuel costs raises the stakes for the U.S. July consumer price report due on Wednesday, where expectations are for a monthly rise of 0.1% in the headline reading and 0.2% for the core measure.
The IPO market showed mixed performance on Tuesday, with several issues receiving varied investor response. According to Business Standard, Milky Mist Diary Food received bids for 3,43,43,576 shares against 8,17,98,244 shares on offer, with the issue subscribed 0.42 times. Dhoot Transmission received bids for 8,37,35,047 shares against 2,49,56,363 shares on offer, with the issue subscribed 3.36 times. Molbio Diagnostics received bids for 2,25,68,256 shares against 81,58,529 shares on offer, with the issue subscribed 2.77 times. Technocraft Ventures received bids for 30,20,58,330 shares against 83,17,190 shares on offer, with the issue subscribed 36.32 times. Leap India received bids for 79,67,74,362 shares against 11,49,91,735 shares on offer, with the issue subscribed 6.93 times. The price bands ranged from ₹133-140 per share for Milky Mist, ₹829-871 per share for Dhoot Transmission, ₹768-807 per share for Molbio Diagnostics, ₹200-212 per share for Technocraft Ventures, and ₹151-159 per share for Leap India.
Several companies reported mixed quarterly results that significantly impacted individual stock performance. According to Business Standard, Triveni Turbine declined 5.77% after reporting a 20.78% decline in consolidated net profit to ₹51.1 crore, despite a 19.23% increase in revenue from operations to ₹442.7 crore in Q1 FY27 over Q1 FY26. Vodafone Idea rose 2.09% after reporting a strong operational performance, with adjusted net loss narrowing to ₹5,361.99 crore in Q1 FY27 from a loss of ₹6,608.1 crore in Q1 FY26 and ₹5,513 crore in Q4 FY26, while revenue rose 6.0% YoY to ₹11,689 crore. Bharat Forge fell 1.62% after reporting a consolidated net loss of ₹89.73 crore in Q1 FY27 as against a net profit of ₹283.68 crore in Q1 FY26, with revenue at ₹4,639.94 crore, up 18.7% YoY. Kolte-Patil Developers surged 15.95% after reporting strong financial performance, with adjusted net profit standing at ₹146.26 crore in Q1 FY27 compared with an adjusted net loss of ₹16.99 crore in Q1 FY26 and ₹15.98 crore in Q4 FY26, while net sales rose 1,016.5% YoY to ₹919.54 crore. Finolex Cables surged 11.64% after reporting a 59.4% year-on-year jump in standalone net profit to ₹221.28 crore from ₹138.88 crore in Q1 FY26, with revenue increasing 44.26% YoY to ₹2,013.15 crore.
