The key equity indices ended with modest losses on Friday, snapping a two-session winning streak. The benchmarks remained under pressure throughout the session as selling in heavyweight financial stocks outweighed gains in information technology shares. Nifty closed below the 24,600 level. Financial services, private bank and consumer durables shares declined, while auto, IT and PSU bank stocks advanced. As per provisional closing data, the S&P BSE Sensex declined 455.59 points or 0.58% to 78,499.17. The Nifty 50 index lost 65.35 points or 0.27% to 24,570.65. Over the last two trading sessions, the Sensex gained 0.67%, while the Nifty advanced 0.09%.
In the broader market, the BSE 150 MidCap Index rose 0.18%, while the BSE 250 SmallCap Index was flat.
The market breadth was negative. On the BSE, 2,044 shares rose and 2,215 shares fell. A total of 201 shares were unchanged.
Initial Public Offer (IPO):
Ardee Industries received bids for 7,10,52,32,244 shares as against 5,84,22,516 shares on offer, according to stock exchange data at 15:31 IST on 07 August 2026. The issue was subscribed 121.62 times.
The issue opened for bidding on 05 August 2026 and will close on 07 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 281 equity shares and multiples thereof.
Technocraft Ventures received bids for 1,70,91,410 shares as against 83,17,190 shares on offer, according to stock exchange data at 15:31 IST on 07 August 2026. The issue was subscribed 2.05 times.
The issue opened for bidding on 07 August 2026 and will close on 11 August 2026. The price band of the IPO is fixed between Rs 200 and 212 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof.
LEAP India received bids for 2,80,02,412 shares as against 11,49,91,735 shares on offer, according to stock exchange data at 15:31 IST on 07 August 2026. The issue was subscribed 0.24 times.
The issue opened for bidding on 07 August 2026 and will close on 11 August 2026. The price band of the IPO is fixed between Rs 151 and 159 per share. An investor can bid for a minimum of 94 equity shares and multiples thereof.
Buzzing Index:
The Nifty Financial Services index declined 1.48% to 26,466. The index rose 0.07% in the past trading session.
Bajaj Finance (down 5.56%), Bajaj Finserv (down 3.93%), Cholamandalam Investment & Finance Company (down 3.56%), Shriram Finance (down 2.28%), ICICI Bank (down 2.23%), Jio Financial Services (down 2.01%), ICICI Lombard General Insurance Company (down 1.57%), Kotak Mahindra Bank (down 1.22%), Axis Bank (down 1.11%) and HDFC Life Insurance Company (down 0.83%) fell.
Stocks in Spotlight:
State Bank of India (SBI) added 1.03% after the bank's standalone net profit jumped 10.23% to Rs 21,121.22 crore in the quarte ended 30th June 2026, compared with Rs 19,160.44 crore recorded in the quarter ended 30th June 2025. Total income rose 6.26% YoY to Rs 1,43,819.15 crore, while profit before provisions and contingencies grew 9.77% to Rs 33,529 crore during the quarter.
Life Insurance Corporation of India (LIC) rose 1.35% after the company's standalone net profit jumped 22.81% year-on-year (YoY) to Rs 13,492.03 crore in Q1 FY27 from Rs 10,986.51 crore in the corresponding quarter last year. Total income increased 7.01% YoY to Rs 2,40,390.96 crore.
Hero MotoCorp added 1.90% after the company reported 29% increase in standalone net profit to Rs 1,454 crore on a 36% jump in revenue from operations to Rs 12,999 crore in Q1 FY27 as compared with Q1 FY26.
Britannia Industries advanced 1.57% after the company recorded 13.56% jump in consolidated net profit to Rs 591.35 crore in Q1 FY27 compared with Rs 520.72 crore posted in corresponding quarter last year. Net sales rose 8.17% YoY to Rs 4,999.97 crore in Q1 FY27.
Fortis Healthcare rose 2.67% after the company's consolidated net profit increased 2.26% to Rs 259.23 crore in Q1 FY27, compared with Rs 250.67 crore in Q1 FY26. Net revenue jumped 17.46% YoY to Rs 2545.03 crore in Q1 FY27.
Saksoft fell 6.14% after reporting lower earnings for the quarter ended 30 June 2026. On a consolidated basis, the company's net profit declined 9.4% YoY and 18.5% QoQ to Rs 29.29 crore in Q1 FY27. Net sales declined 0.2% YoY and remained largely flat sequentially at Rs 248.62 crore in the quarter ended 30 June 2026.
Varroc Engineering jumped 10.36% after reporting strong revenue growth for the quarter ended 30 June 2026. On a consolidated basis, the company's adjusted net profit increased 30.1% YoY and 11.5% QoQ to Rs 77.27 crore in Q1 FY27. Net sales rose 29.9% YoY and 11.2% QoQ to Rs 2,634.24 crore in the quarter ended 30 June 2026.
G R Infraprojects rose 3.92% after the company's consolidated net profit jumped 46.40% to Rs 357.29 crore in Q1 FY27 from Rs 244.05 crore in Q1 FY26. Revenue from operations rose 40.06% year on year (YoY) to Rs 2,784.11 crore in Q1 FY27.
SNL Bearings advanced 2.57% after the company reported a 27.67% increase in standalone net profit to Rs 3.46 crore for the quarter ended 30 June 2026, compared with Rs 2.71 crore in the corresponding quarter of the previous year. Revenue from operations grew 23.28% YoY to Rs 15.25 crore during the quarter.
GK Energy rallied 5.47% after the company's standalone net profit surged 61.55% year-on-year (YoY) to Rs 59.67 crore in Q1 FY27 from Rs 36.94 crore in the corresponding quarter last year. Revenue from operations jumped 71.10% YoY to Rs 505.19 crore, driven by sustained project execution under renewable energy programmes, rising demand for decentralized solar infrastructure.
Global Markets:
European shares traded higher on Friday and remained on track to secure their strongest weekly gain since late June, supported by a stellar corporate earnings season that has propelled regional benchmarks to consecutive all-time highs.
Meanwhile, Asian markets ended higher as investor sentiment improved on hopes that a deal to reopen the Strait of Hormuz would help ease crude oil prices and temper inflationary pressures.
China's exports grew more than expected in July, although the pace moderated from June's robust expansion, supported by strong global demand for high-tech components.
Official customs data released on Friday showed that exports rose 23% year-on-year in U.S. dollar terms in July, easing from 27% growth in June'the fastest pace since October 2021. Imports increased 27.5% from a year earlier, compared with a 36% jump in June, which had marked the strongest growth in five years.
China's trade surplus stood at $112.5 billion in July, narrowing from $125.6 billion recorded in June.
Oil rose Friday amid worries over supply disruptions after Iran published a restrictive draft plan for the Strait of Hormuz.
Futures for international benchmark Brent crude for October delivery gained 1.25% to $83.52 a barrel. U.S. West Texas Intermediate futures for September advanced 1.10% at $78.14 per barrel.
According to the apparent draft plan published by Iran, the country would ban U.S. and Israeli ships from transiting the Strait. Until compensation is paid, other nations that have harmed Iran would not be allowed to transit, according to the draft.
Overnight on Wall Street, the Dow fell more than 460 points, or 0.9% to 53,885.10, breaking a five-day winning run. The S&P 500 slid 0.2% to 7,709.36, while the Nasdaq Composite dipped 0.1% to 26,348.35.
The U.S. economy is expected to have added 80,000 jobs in July 2026, up from 57,000 in June, while the unemployment rate is likely to have remained steady at 4.2%. Average hourly earnings are projected to have risen 0.3% MoM and 3.5% YoY, indicating a relatively stable labour market.
Investors will closely watch the employment report due on Friday.
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