The Indian benchmark indices ended largely unchanged on Monday, 13 July, but with a positive bias amid heightened market volatility. According to reports from HT Digital, the BSE Sensex gained 47.01 points, or 0.06%, to settle at 77,616.40, while the NSE Nifty 50 edged up 4.10 points, or 0.02%, to close at 24,211.00. However, the market is likely to open sharply lower as Gift Nifty futures were trading 168 points or 0.69% lower at 24,050 levels, signalling a gap-down start. As reported by Business Standard, the sharp spike in crude oil prices to one-month highs is weighing on market sentiment, with Brent crude rising 2% to $84.98 per barrel and WTI crude up 2% to $79.79 per barrel. The continuing exchange of military strikes between the United States and Iran is ratcheting up tensions in the Gulf region, with the U.S. reinstating a naval blockade on Iranian shipping through the Strait of Hormuz.
Several stocks are expected to remain in focus today due to their quarterly results announcements. According to HT Digital, Tata Elxsi and L&T Tech shares will remain in focus as the companies will be reporting their Q1 results FY27 today. Additionally, HCL Technologies has already posted strong quarterly performance, with the IT services major reporting a 20.3% year-on-year increase in net profit to ₹4,624 crore for the first quarter, compared to the previous year. The company's revenue increased 13.9% QoQ to ₹34,579 crore, demonstrating robust growth momentum. ICICI Prudential AMC also reported impressive growth with net profit rising 23% YoY to ₹965 crore, supported by total income increasing 18% YoY to ₹1,564 crore. The total mutual fund QAAUM grew 1.1% to ₹11.17 lakh crore. L&T, Tata Elxsi, Jindal Saw, AB Money and Den Networks are among the key companies slated to post their June quarter earnings today.
Bharat Electronics Limited announced that it has secured additional orders worth ₹572 crore since its last disclosure on June 22, 2026, as reported by HT Digital. The Navratna defence public sector undertaking continues to strengthen its order book in the strategic defence sector. Grasim Industries' subsidiary, Aditya Birla Renewables Ltd. (ABRen), has signed an agreement to acquire the Sprng Energy group of companies from Shell Overseas Investment B.V. in a deal with an enterprise value of ₹17,200 crore ($1.8 billion). This acquisition significantly expands the company's renewable energy portfolio.
Emcure Pharma announced that it will acquire the remaining 12.05% stake in its subsidiary, Gennova Biopharmaceuticals Ltd, for ₹231.87 crore, making the biotech firm a wholly-owned subsidiary. According to HT Digital, State Bank of India's subsidiary, SBI Funds Management, has launched its ₹9,813-crore initial public offering for subscription today, with the issue priced in the range of ₹545-574 per share. Container Corporation of India posted an 8.89% year-on-year growth in container volumes during the quarter ended June, supported by higher export-import (EXIM) and domestic cargo volumes. The state-owned company's operational performance continues to improve.
Welspun Enterprises' subsidiary, Welspun Pune Shirur Projects (WPSPL), has entered into a sub-concession agreement with the Maharashtra State Infrastructure Development Corporation (MSIDC) and the Government of Maharashtra for the ₹7,300-crore Pune-Shirur highway project. As reported by HT Digital, Poonawalla Fincorp's Finance Committee has approved the issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to ₹500 crore through the private placement route. Nuvoco Vistas reported strong Q1 FY27 performance with profit after tax growing 19.97% YoY to ₹159.76 crore, aided by increased topline, operational efficiencies and reduced interest costs. These developments span across infrastructure, financial services, and strategic acquisitions, providing diverse market opportunities for investors.
Asian Paints has increased product prices by around 12% amid the sharp rise in input costs due to the West Asia conflict, as reported by multiple media outlets. PC Jewellers' board will meet on July 16 to review and finalize the company's comprehensive business growth strategy for the forthcoming quarters and consider raising funds through a Qualified Institutions Placement (QIP). SpiceJet shares remain in focus as lessors have approached aviation safety watchdog DGCA for deregistration of four Boeing 737-8 MAX planes, while the airline confirmed these aircraft have remained non-operational for a prolonged period. IndiGo shares are also in focus after signing a partnership with hospitality major Accor to provide various benefits for their loyalty programme members. The sharp spike in crude oil prices is likely to keep oil marketing companies' stocks in focus, with higher crude prices raising margin pressure concerns for these PSU companies.
