Sensex Nifty Live Updates August 1: Bears Tighten Grip as Sun Pharma, Dr. Reddy’s Lead Sell-Off

Indian markets ended sharply lower on Friday amid broad-based selling in pharmaceuticals, metals, and banking stocks. The Nifty 50 declined 0.82% to settle at 24,565.35, while the Sensex fell 0.72% to 80,599.91. Heavy losses in Sun Pharma, Dr. Reddy’s, and Tata Steel dragged the indices down, even as gains in Trent and Asian Paints offered limited support. Asian markets were largely weak, with the Hang Seng dropping 1.07% and Nikkei slipping 0.66%. European indices were deep in the red during mid-session, led by a nearly 2% fall in the CAC 40 and DAX. On Wall Street, the Dow closed 0.73% lower, while the Nasdaq ended flat.

Stock Market Highlights, August 1:

• Markets End in the Red Amid Global Weakness: Indian benchmarks ended lower for the day, with the Nifty 50 sliding 0.82% to close at 24,565.35 and the Sensex down 0.72% at 80,599.91. Broader pressure was seen across banking and metal counters. Weakness in global equities, particularly European indices like the CAC 40 and DAX falling nearly 2%, weighed on sentiment.
• Pharma Stocks Drag as Sun Pharma, Dr. Reddy’s Lead Losers: Healthcare stocks were among the top laggards. Sun Pharma plunged 4.51%, followed by Dr. Reddy’s Labs (-3.91%) and Cipla (-3.33%). The broader sell-off in defensives indicates possible profit booking after recent gains.
• Consumer Staples Shine; Trent and Asian Paints Buck the Trend: Amid a largely negative session, select FMCG names held firm. Trent surged over 3%, while Asian Paints (+1.46%), HUL (+1.29%), and Nestle (+1.28%) provided some support, reflecting investor preference for consumption-led plays in volatile times.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers:

Top Losers:

Indian Market Cues

Asian Markets: 

European Market Mid-Session Update:

U.S. Markets Live Today

Stocks to Watch Today:

Here are the top stocks to watch today following their latest earnings and key business updates.

Key Earnings on July 31:

Jupiter Life Line Hospitals, G R Infraprojects, ITC, LIC Housing Finance, Tata Power Company, Multi Commodity Exchange of India, Godrej Properties, Adani Power, Graphite India, JK Lakshmi Cement, Delhivery, GlaxoSmithKline Pharmaceuticals, and more will announce their quarterly earnings on August 1.

Eicher Motors

Eicher Motors posted a 9.4% year-on-year rise in net profit for the June quarter, reaching ₹1,205.2 crore compared to ₹1,101.5 crore a year ago. Revenue also saw a healthy growth of 14.8%, climbing to ₹5,041.8 crore from ₹4,393 crore in the same period last year.

JSW Energy

JSW Energy reported a robust 42.4% jump in its consolidated net profit for Q1 FY26, with earnings rising to ₹743.12 crore from ₹521.76 crore in the year-ago quarter, reflecting strong operational performance.

Coal India

Coal India’s June quarter earnings declined, with net profit falling 20.2% year-on-year to ₹8,734.2 crore from ₹10,943.6 crore. Revenue also dipped 4.4% to ₹35,842.2 crore. The company’s board has announced an interim dividend of ₹5.5 per share for FY26.

Hindustan Unilever (HUL)

HUL has revised its pricing strategy amid changing commodity trends. While it cut prices in categories like tea and homecare products due to easing input costs and market competition, it raised skincare product prices in response to an uptick in palm oil costs.

Swiggy

Swiggy’s net loss widened significantly to ₹1,197 crore in the latest quarter, up from ₹611 crore in the same period last year. However, its total revenue surged 54% to ₹4,961 crore. The food delivery business alone grew 18.6%, generating ₹1,800 crore versus ₹1,518 crore previously.

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.