IDFC First Bank posted a record profit, Bank of Baroda’s profit fell after a one-off settlement charge, and Maruti Suzuki, ONGC, Adani Energy Solutions and Waaree Renewable Technologies are also in focus as GIFT Nifty signals a firm start to one of the busiest weeks of the Q1 FY27 earnings season.
Key Takeaways
- IDFC First Bank posted its highest-ever quarterly PAT of Rs 1,075 crore, up 132.4% YoY, crossing Rs 1,000 crore for the first time
- Bank of Baroda’s net profit fell 71.8% YoY to Rs 1,278 crore after a one-off Rs 5,680-crore charge tied to the NMC Group settlement; adjusted profit was Rs 5,528 crore
- AU Small Finance Bank‘s profit rose 37% YoY to Rs 796 crore; July 31, 2026 fixed as the dividend record date
- GIFT Nifty traded around 23,931, up about 124 points, signalling a gap-up open as oil prices fell after the US and Iran paused strikes
- Adani Energy Solutions won a Rs 8,500-crore Andhra Pradesh transmission order, taking its order book past Rs 80,000 crore
Indian equities head into one of the busiest weeks of the Q1 FY27 earnings season on a cautiously optimistic note, after benchmark indices closed lower for a fifth straight session on Friday, July 24. The Nifty50 fell 102.15 points, or 0.43%, to 23,767.45, and the Sensex declined 331.62 points, or 0.43%, to 76,059.77, having slipped to an intraday low near 23,606 before recovering, according to a market-close report by HDFC Sky. Nearly 200 Indian companies are due to report earnings this week, and the US Federal Reserve’s rate decision, due Wednesday, July 29, is also on the radar.
Check Live: GIFT NIFTY, NIFTY 50 , SENSEX
Market Cues For Monday
GIFT Nifty futures traded around 23,931, up roughly 124 points, indicating a gap-up opening, as per reports.
Brent crude fell as much as 7.4% to below $90 a barrel before paring losses, after the US and Iran refrained from fresh strikes over the weekend following 13 consecutive nights of American strikes on Iranian targets, per Bloomberg.
Iranian state-linked media separately reported that an oil tanker struck a naval mine and exploded in the Strait of Hormuz on Sunday, July 26, an incident not yet independently confirmed by US Central Command or British maritime authorities.
On Wall Street, the Dow Jones Industrial Average closed 235.60 points, or 0.46%, higher at 51,947.25 on Friday, the S&P 500 added 0.05% to 7,411.98, and the Nasdaq Composite slipped 0.64% to 24,975.82 on continued weakness in chip stocks, per CNBC data.
IDFC First Bank: Record Profit, Crosses Rs 1,000 Crore
IDFC First Bank reported its highest-ever quarterly profit after tax of Rs 1,075 crore for the quarter ended June 30, 2026, up 132.4% YoY from Rs 463 crore, crossing Rs 1,000 crore for the first time, as per the bank’s exchange filing. Net interest income rose 21.1% YoY to Rs 5,972 crore, while gross NPA improved to 1.51% from 1.97% a year earlier.
Bank of Baroda: Profit Falls On One-Off NMC Settlement Charge
Bank of Baroda’s standalone net profit fell 71.8% YoY to Rs 1,278 crore against Rs 4,541 crore a year earlier, after the state-owned lender absorbed a one-time exceptional charge of around Rs 5,680 crore tied to the NMC Group settlement, per IANS. Excluding this impact, adjusted net profit stood at Rs 5,528 crore. Net interest income grew 9.5% YoY to Rs 12,524 crore, and global business rose 15.4% YoY to Rs 30.50 lakh crore.
AU Small Finance Bank: Profit Up 37%, Record Date Fixed
AU Small Finance Bank’s net profit climbed 37% YoY to Rs 796 crore in Q1 FY27 from Rs 581 crore, with net interest income up 32% YoY to Rs 2,695 crore, according to the bank’s filing. The board has fixed Friday, July 31, 2026, as the record date for the final dividend, with the AGM scheduled for September 5, 2026.
Maruti Suzuki: Aggressive SUV Expansion Push
Maruti Suzuki is working to expand its utility-vehicle portfolio and reposition its brand as it looks to overtake Tata Motors and Mahindra & Mahindra to become India’s largest SUV maker, Economic Times reported.
ONGC: Begins Deepwater Exploration In Mahanadi Basin
ONGC commenced drilling of its first deepwater exploratory well, MN-DW18-1-H-D, in the Mahanadi Offshore Basin off the Odisha coast, under the government’s Samudra Manthan mission. Petroleum Minister Hardeep Singh Puri virtually spudded the well on July 25; the site is located about 23 nautical miles from ONGC’s earlier Konark discovery.
Waaree Renewable Technologies: Bags 800 MWac Solar EPC Orders
Waaree Renewable Technologies, a subsidiary of Waaree Energies, secured two Letters of Award for EPC contracts covering ground-mounted solar PV plants of 400 MWac/530 MWp and 400 MWac/552 MWp, aggregating 800 MWac (1,082 MWp), the company said in a regulatory filing.
Adani Energy Solutions: Wins Rs 8,500 Crore Andhra Transmission Order
Adani Energy Solutions won an inter-state transmission project worth around Rs 8,500 crore in Andhra Pradesh under the Centre’s Tariff-Based Competitive Bidding mechanism, to support an estimated 4,500 MW of demand from upcoming green hydrogen and ammonia plants in the Vizag region. The order takes AESL’s transmission order book past Rs 80,000 crore, with completion due in 30 months.
NiftyTrader Desk View
| Stock | Key Technical Trigger | Trader View |
|---|---|---|
| IDFC First Bank | Record Q1 PAT of Rs 1,075 crore, NII up 21% YoY, improving asset quality | Post-earnings price action and volume near recent highs remain the near-term watch points |
| Bank of Baroda | Headline profit down 72% YoY on one-off NMC settlement; core NII up 9.5% | Market reaction may hinge on whether the one-off charge is looked through to core numbers |
| AU Small Finance Bank | Profit up 37% YoY; dividend record date fixed for July 31 | Activity could pick up around the ex-dividend and record dates |
| Maruti Suzuki | Strategic push to expand UV portfolio, brand repositioning in SUV segment | A longer-term positioning story rather than a near-term price trigger |
| ONGC | Commenced first deepwater exploratory well in Mahanadi basin | Sentiment likely to track further updates from the Samudra Manthan exploration campaign |
| Waaree Renewable Technologies | Bagged fresh EPC orders totalling 800 MWac | Order-inflow trend remains the key monitorable for the counter |
| Adani Energy Solutions | Won Rs 8,500-crore Andhra Pradesh transmission order; book past Rs 80,000 crore | Order-book momentum continues to be a recurring theme for the stock |
Track real-time institutional flows on the NiftyTrader FII-DII Tracker as trading opens on Monday.
Bottom Line
Monday’s setup pits a relief rally in global cues, oil retreating, the US-Iran conflict paused, against a five-session losing streak on Dalal Street and a mixed Q1 earnings picture from banks. IDFC First Bank and AU Small Finance Bank delivered clean earnings beats, while Bank of Baroda’s headline miss masks a stronger core performance once the NMC settlement charge is excluded.
With the Fed decision landing Wednesday and nearly 200 companies reporting this week, follow-through will depend on whether Friday’s rebound off the 23,600 support zone holds.
This article is for informational purposes only and should not be construed as investment advice. Please consult a SEBI-registered investment advisor before making any investment decisions. Stock market investments are subject to market risks.
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