Key Takeaways
- GIFT Nifty signals a weak start; Sensex and Nifty closed lower on Tuesday amid West Asia tensions and rising crude
- Bandhan Bank Q1 profit jumps 35% to ₹502 crore, with gross NPA improving to 3.15% and net NPA to 0.93%
- Indian Hotels profit rises 20.8% to ₹357.9 crore; Maruti Suzuki announces its second 2026 price hike, up to ₹30,000 from August
- Adani Energy Solutions profit more than doubles to ₹1,149 crore; Adani Total Gas profit falls 14% on rising gas costs
- Anant Raj board approves demerger of its data centre business; Aurobindo Pharma unit gets Brazil’s ANVISA nod for its Hyderabad facility
- 20 companies, including Nestle India, Dr Reddy’s and IndusInd Bank, report Q1 results today
Markets Head Into a Cautious Wednesday
Indian equity benchmarks are set for a subdued opening on July 22 after GIFT Nifty futures traded 61.10 points, or 0.25%, lower at 24,119.50 on the NSE International Exchange, signalling a weak start.
The move follows a second straight day of losses on Dalal Street, with the BSE Sensex closing 238.41 points, or 0.31%, lower at 77,470.11 on Tuesday, while the Nifty 50 declined 50.80 points, or 0.21%, to settle at 24,187.70, as elevated crude prices, continued foreign investor selling and weakness in HDFC Bank weighed on sentiment.
Check Live: GIFT NIFTY, NIFTY50, SENSEX
Market Setup: Crude, VIX and Institutional Flows
Brent crude edged 0.6% higher to $91.55 a barrel after two tankers carrying Saudi crude reversed course in the Red Sea following threats from Yemen’s Houthis, keeping input-cost and inflation risks in focus for oil-import-dependent sectors.
India VIX eased 2.93% to 12.60, pointing to subdued volatility expectations.
Provisional NSE data showed FIIs turning net sellers of ₹656.88 crore on Tuesday, while DIIs bought a net ₹1,650.16 crore.
Wall Street closed firmer overnight, the Dow rose 0.74% to 52,224.64, the S&P 500 gained 0.89% to 7,509.20 and the Nasdaq climbed 1.29% to 25,837.21, while Asian markets were mixed, with the Nikkei and Kospi higher and the Hang Seng lower.
Nifty support is placed at 24,150 and 24,000, with resistance at 24,400–24,500, according to Kotak Securities and LKP Securities.
Stocks in Focus
Maruti Suzuki India will raise prices by up to ₹30,000 across its portfolio from August 2026, citing sustained input-cost pressure — its second such hike this year after a similar increase in June. The exact revision will vary by model.
Anant Raj’s board has approved a composite scheme to merge subsidiary Anant Raj Cloud Private Limited into itself and then demerge the combined data centre and cloud services business into a new entity, Ashok Cloud Private Limited. Shareholders will receive one Ashok Cloud share for every Anant Raj share held. The scheme needs NCLT, SEBI and stock exchange clearance.
Aurobindo Pharma’s wholly owned subsidiary CuraTeQ Biologics has received approval from Brazil’s ANVISA for its Hyderabad biosimilars manufacturing facility, following a GMP inspection conducted May 11–15, 2026 covering biological API and sterile products. The facility already holds EMA and WHO certification.
Aditya Birla Capital has invested ₹123.89 crore on a rights basis in associate Aditya Birla Health Insurance Company; its shareholding stays unchanged.
Two Adani group companies posted contrasting quarters. Adani Energy Solutions’ consolidated net profit more than doubled to ₹1,149.06 crore, up 124.2% YoY, on 42.4% revenue growth to ₹9,711.08 crore, driven by its transmission business. Adani Total Gas, by contrast, saw profit fall 14.2% to ₹141.72 crore even as revenue rose 27.3% to ₹1,906.79 crore, as gas-cost inflation outpaced volume gains.
Q1 FY27 Earnings Roundup
| Company | Net Profit (YoY) | Revenue (YoY) |
|---|---|---|
| Bandhan Bank | ₹502 cr, +35% | NII ₹2,921 cr, +5.9% |
| Indian Hotels (IHCL) | ₹357.9 cr, +20.8% | ₹2,339 cr, +14.6% |
| TVS Holdings | ₹1,173.6 cr, +73.8% | ₹17,076.2 cr, +34% |
| Adani Energy Solutions | ₹1,149.1 cr, +124.2% | ₹9,711.1 cr, +42.4% |
| AAVAS Financiers | ₹171.3 cr, +23% | NII ₹323.8 cr, +16.7% |
| IndiaMART InterMESH | ₹172.2 cr, +12.2% | ₹414.4 cr, +11.4% |
| Trident | ₹158.1 cr, +13% | ₹1,786.8 cr, +4.7% |
| Hatsun Agro Product | ₹133.7 cr, -1.1% | ₹3,090.5 cr, +19.3% |
| JSW Infrastructure | ₹346.6 cr, -9.9% | ₹1,444.8 cr, +18.1% |
| Adani Total Gas | ₹141.7 cr, -14.2% | ₹1,906.8 cr, +27.3% |
| MedPlus Health Services | ₹33.2 cr, -21.7% | ₹1,879.6 cr, +21.8% |
| Sunteck Realty | ₹41.96 cr, +25.5% | — |
Source: Company BSE filings; Business Standard, EquityBulls, IANS
Companies Reporting Today
Dr Reddy’s Laboratories, Nestle India, Eternal, IndusInd Bank, CSB Bank, Adani Green Energy, Adani Power, BPCL, HPCL, JSW Energy, Gandhar Oil Refinery, HEG, Nippon Life India AMC, NTPC Green Energy, Tata Communications, UCO Bank, United Spirits, UTI AMC and Waaree Renewable Technologies are among 20 companies scheduled to announce Q1 results.
For real-time institutional positioning ahead of the open, track the FII-DII activity tracker.
NiftyTrader Desk View
| Stock | Key Technical Trigger | Trader View |
|---|---|---|
| Maruti Suzuki | Second 2026 price hike, up to ₹30,000 from August | Cost-pass-through news likely to draw volume interest |
| Bandhan Bank | Q1 profit +35%, GNPA improves to 3.15%, NNPA to 0.93% | Asset-quality improvement could sustain post-earnings activity |
| Indian Hotels | Q1 profit +20.8%, 17th straight record quarter | Consistent earnings streak keeps stock on watchlists |
| Anant Raj | Board approves data centre demerger, 1:1 share ratio | Corporate-action clarity typically triggers elevated volumes |
| Aurobindo Pharma | Brazil ANVISA nod for Hyderabad biosimilars unit | Regulatory approval seen as an incremental positive trigger |
| Adani Energy Solutions | Profit more than doubles on transmission growth | Strong beat may keep the stock in high-volume trade |
| Adani Total Gas | Profit falls 14% despite 27% revenue growth | Cost-margin mismatch may weigh on near-term sentiment |
| JSW Infrastructure | Profit -9.9% despite 18% revenue growth | Profit miss against strong topline may cause mixed reaction |
Source: NiftyTrader Desk analysis
Also Read: ITC Sets Up a Crucial Week: ₹14.50 Dividend Vote Ahead of July 31 Earnings
Bottom Line
Wednesday’s session sets up as stock-specific, with GIFT Nifty pointing to a soft start even as Wall Street’s overnight gains and improving India VIX offer some cushion. Earnings from Bandhan Bank, Indian Hotels and the two Adani group companies have already shaped early trading cues, while today’s results from Nestle, Dr Reddy’s and IndusInd Bank, alongside corporate actions at Maruti Suzuki, Anant Raj and Aurobindo Pharma, are likely to keep the news flow stock-specific rather than index-driven.
This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult SEBI-registered financial advisors before making investment decisions. Stock market investments are subject to market risks.
