The Indian stock market finally ended in the green in the previous trading session after experiencing two consecutive days of decline. Optimism is expected to persist in Friday's session as well, especially with the GIFT Nifty signaling a positive start for the day. At the end of Thursday's trading, the Nifty 50 index rose by 0.34 percent, or 80.75 points, closing at 23,950. Meanwhile, the Sensex climbed 238 points, or 0.31 percent, to close at 76,741.
Global Market Cues
Overnight, U.S. stock markets also recorded gains despite the re-escalation of tensions between the U.S. and Iran. The rally in stocks was largely driven by a significant jump in the semiconductor sector and a decline in oil prices. The Dow Jones Industrial Average ended 0.27 percent higher at 52,487.41. The S&P 500 rose by 0.81 percent, and the Nasdaq concluded Thursday's session with a 1.30 percent gain. Today, investors are shifting their focus to the Q1 FY27 earnings season, alongside monitoring crude oil prices and the ongoing U.S.-Iran geopolitical situation.
Top Stocks to Watch Today
TCS: The IT major released its Q1 FY27 results on July 10, posting a 5 percent year-on-year growth in net profit, which stood at Rs 13,349 crore. Revenue increased by nearly 14 percent year-on-year, surpassing market expectations.
Anand Rathi Wealth: The company reported strong Q1 results, with net profit surging 59.7 percent quarter-on-quarter to Rs 163 crore.
GM Breweries: This stock will be in focus today following the company's announcement of a 45.9 percent year-on-year surge in net profit for the quarter, reaching Rs 37.74 crore compared to Rs 25.86 crore in the same quarter last year. Revenue from operations grew by 22.5 percent year-on-year in Q1 FY27.
Pharma Stock (Semalix): This stock will be monitored closely after the company announced a recall of select batches of its Semalix injection disposable pens. This move is a precautionary measure after manufacturing partner Dr. Reddy's Laboratories identified a quality issue requiring technical evaluation.
NALCO and NLC India: These companies have entered into a joint venture to establish a 1,080 MW thermal captive power plant in Odisha, keeping both stocks in focus.
Business Update: Another company announced its Q1 business update, reporting that its AUM grew by 18 percent to Rs 14,457 crore, while disbursements surged by 49 percent to Rs 2,645 crore.
Green Energy: This green energy stock has entered into an agreement with Evervolt Solar Technology India for the supply of 130 MW of solar cells.
