Sensex Nifty Live Updates July 31: Markets Close in Red Amid Broad-Based Selling

Indian markets ended lower on Wednesday amid weakness in key sectors like metals and pharmaceuticals. The Nifty 50 slipped 0.35% to close at 24,768.35, while the Sensex dropped 0.36% to 81,185.58. Losses in Adani Enterprises, Tata Steel, and Sun Pharma weighed on sentiment, despite gains in Hindustan Unilever and Jio Financial. Asian markets were broadly negative, with the Hang Seng falling 1.60% and Shanghai Composite down 1.15%, though Japan’s Nikkei bucked the trend with a 1% rise. European indices were trading mixed in mid-session, while U.S. markets closed largely flat overnight.

Stock Market Highlights, July 31:

• FMCG and Financials Support Market Amid Broader Weakness: Hindustan Unilever jumped over 3%, leading the list of gainers, with Jio Financial close behind at 2.79%. Kotak Mahindra and JSW Steel also saw modest gains. Despite this, benchmark indices like the Nifty 50 and Sensex ended in the red, each slipping around 0.35%, as broader market sentiment remained cautious.
• Adani Enterprises, Pharma Drag Indices Lower: Adani Enterprises saw a sharp fall of over 4%, making it the day’s biggest loser. Pharma stocks also struggled—Sun Pharma and Dr. Reddy’s both lost more than 1.5%. The pressure on heavyweight sectors contributed to the decline in the Nifty Bank, which ended down 0.34%.
• Mixed Global Cues Keep Investors on Edge: Asian markets sent conflicting signals, with Japan’s Nikkei gaining over 1%, while Hong Kong’s Hang Seng shed more than 1.6%. In Europe, the FTSE and DAX were slightly positive mid-session, but the overall tone was subdued. In the U.S., the Dow closed lower, though the Nasdaq managed a slight gain.

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

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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:

Maruti Suzuki India, Vedanta, Hindustan Unilever, Dabur India, Adani Enterprises, Eicher Motors, Emami, Sun Pharmaceutical Industries, PB Fintech, JSW Energy, Cholamandalam Investment and Finance Company, Aarti Industries, One Mobikwik Systems, Swiggy, Ambuja Cements, Coal India, Indegene, Chalet Hotels, Chambal Fertilisers & Chemicals, Dr Lal PathLabs, ICRA, and TVS Motor Company will announce their quarterly earnings on July 31.

Mahindra & Mahindra (M&M)

Mahindra & Mahindra reported a robust 32% year-on-year increase in standalone net profit for Q1FY26, coming in at ₹3,450 crore compared to ₹2,612 crore in the corresponding period last year. The company’s consolidated revenue also saw strong growth, rising 26% to ₹34,143 crore from ₹27,133 crore a year ago.

Tata Steel

Tata Steel posted a significant 118.5% surge in profit for the June quarter, clocking ₹2,007.4 crore against ₹918.6 crore in the same quarter last year. Despite the earnings boost, the company reported a 2.9% drop in revenue, which stood at ₹53,178.1 crore, down from ₹54,771.4 crore. EBITDA improved by 11% to ₹7,427.5 crore from ₹6,694.5 crore in the previous year.

Power Grid Corporation

Power Grid Corporation recorded a 2.5% year-on-year decline in consolidated net profit for the first quarter of FY26, with earnings falling to ₹3,630.58 crore from ₹3,724 crore in the same period last year. Sequentially, profit slipped more than 12% from ₹4,143 crore reported in Q4FY25.

Indus Towers

Indus Towers reported a 9.8% decline in consolidated net profit for the June quarter, with earnings dropping to ₹1,736.8 crore from ₹1,925.9 crore a year ago. The company cited provisions for doubtful receivables from a major customer as the primary reason for the drop.

InterGlobe Aviation (IndiGo)

InterGlobe Aviation (IndiGo), posted a 20.2% fall in net profit for Q1FY26, reporting ₹2,176.3 crore versus ₹2,728.8 crore in the prior-year quarter. However, revenue showed modest growth, rising 4.7% to ₹20,496.3 crore from ₹19,570.7 crore.

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