Indian markets extended gains for the fifth consecutive session as Sensex rose 259 points to 78,544 and Nifty 50 advanced 64 points to 24,495 as of 12:21 pm on Tuesday, July 7. The benchmark indices moved above their crucial psychological levels, with Nifty 50 crossing the 24,500 mark for the first time in four months. The sharp gains were led by index heavyweights including Infosys, HDFC Bank, Bharti Airtel, Tata Consultancy Services, Titan, Eternal and HCL Technologies. According to The Economic Times, improved monsoon prospects, renewed FII buying, stable crude prices and optimism around earnings supported the positive sentiment despite mixed global market cues.
Several major companies reported robust quarterly results for Q1, showcasing strong growth across various business segments. Info Edge shares surged as much as 11.64% to hit an intraday high of ₹1,144.50 after the company announced that total billings in Q1 rose 14% to ₹737 crore. The stock witnessed high trading activity with volumes jumping 5.7 times to 89.16 lakh shares compared with an average volume of 15.78 lakh shares. Trent also showed strong momentum with standalone revenue growing 19% year-on-year to ₹5,666 crore compared to ₹4,781 crore in the previous year, with the company adding 1 Westside store and 19 Zudio stores, taking its total portfolio to 1,312 stores as of June 2026. Jubilant FoodWorks advanced as much as 3.89% to hit an intraday high of ₹455 with consolidated revenue growth of 14.1% to ₹2,569.3 crore and standalone revenue rising 9.2% to ₹1,848.5 crore.
Jubilant FoodWorks reported consolidated revenue growth of 14.1% to ₹2,569.3 crore and standalone revenue rising 9.2% to ₹1,848.5 crore. The company's flagship brand Domino's India recorded a like-for-like growth of 2.5%. Varun Beverages announced the launch of its qualified institutional placement (QIP) issue on July 6 with a floor price of ₹531.7 per share, offering a discount of up to 5% on the floor price. The company also added 76 stores, taking its total store count to 3,712 as of June 2026.
Info Edge witnessed high trading activity with volumes jumping 5.7 times to 89.16 lakh shares compared with an average volume of 15.78 lakh shares. On the BSE, 4.32 lakh shares changed hands compared with an average of 1.53 lakh shares traded daily in the past two weeks. Trent saw trading volume jump 4 times to 1.78 crore shares compared with an average volume of 46 lakh shares. Jubilant FoodWorks experienced trading volume jump 2.9 times to 76.53 lakh shares compared with an average volume of 26.78 lakh shares. Among the stocks that hit their 52-week highs included Allied Blenders, Welspun Corp, Aegis Logistics, Radico Khaitan, Manappuram Finance, ITD Cementation and HFCL.
Hexaware Technologies announced a strategic partnership with NYSE-listed SmartRent, a technology provider for apartment communities, to drive AI-native transformation across key business areas. Torrent Pharmaceuticals received approval from the National Company Law Tribunal (NCLT), Ahmedabad, for the amalgamation with JB Chemicals & Pharmaceuticals. The company's subsidiary VBL Industries (Kenya) entered an agreement to acquire the value-added dairy beverages, juices, and packaged drinking water business of Devyani Food Industries (Kenya) for $32 million (₹305 crore). Primo Chemicals approved the acquisition of the remaining 51% stake in Flow Tech Chemicals, making it a wholly owned subsidiary. Cochin Shipyard announced that the government will sell up to 5% stake through an offer for sale at a floor price of ₹1,400 per share. Power Grid Corporation of India secured a loan of 80 billion yen from the Japan Bank for International Cooperation. Sterlite Technologies raised ₹1,500 crore through a qualified institutional placement to de-leverage debt and support growth.
