Sensex Nifty Live Updates August 7: Markets Close Marginally Higher as Gains Offset Losses

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 8:

• 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.

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Stocks to Watch Today

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

Earnings on Radar

A host of companies are set to release their Q1FY26 results today. Aegis Logistics, Aegis Vopak Terminals, Apollo Tyres, Bajaj Electricals, Biocon, Birlasoft, Cummins India, Data Patterns (India), Edelweiss Financial Services, Emcure Pharmaceuticals, General Insurance Corporation of India, Godrej Consumer Products, Hindustan Petroleum Corporation, Indigo Paints, Kalpataru Projects International, Kalyan Jewellers India, Life Insurance Corporation of India, Metropolis Healthcare, National Aluminium Company, Titan Company, etc. These companies will announce their quarterly earnings on August 7.

Fortis Healthcare

Fortis Healthcare reported a strong 53.3% year-on-year growth in net profit for the June quarter, which rose to ₹266.8 crore from ₹174 crore. The company’s revenue also improved significantly, climbing 16.6% to ₹2,166.7 crore compared to ₹1,858.9 crore in the year-ago period.

Bajaj Holdings

Bajaj Holdings delivered robust results for Q1 FY26, with its net profit more than doubling to ₹3,486.5 crore, marking a 116% rise from the previous year. Revenue also saw sharp growth, increasing to ₹324.6 crore from ₹133.7 crore in the same quarter last year.

Trent

Retail major Trent posted a 9% rise in its consolidated net profit for the first quarter of FY26. Profit rose to ₹425 crore, up from ₹391 crore in the corresponding period a year earlier.

Hero MotoCorp

Hero MotoCorp recorded a marginal increase in quarterly profit, which stood at ₹1,125.7 crore, up 0.3% from ₹1,122.6 crore a year ago. However, revenue declined 5.6% to ₹9,578.9 crore from ₹10,143.7 crore in the same period last year.

BHEL

Bharat Heavy Electricals Ltd (BHEL) reported a wider loss of ₹455.4 crore for Q1 FY26, compared to a loss of ₹211 crore in the year-ago quarter. Revenue remained nearly flat at ₹5,486.9 crore.

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