Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmark indices, Sensex and Nifty50, fell for the second day in a row due to firm oil prices as uncertainty about a deal to open the Strait of Hormuz prevailed.
At the closing bell, the BSE Sensex closed 188 points lower (down 0.2%)
Meanwhile, the NSE Nifty closed 35 points lower (down 0.1%)
SBI, Kotak Mahindra, and Bharti Airtel are the top gainers today.
TCS, Tata Steel, and Infosys, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,652, 11 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.08% lower, and the BSE 250 SmallCap index is trading 0.3% lower.
Sectoral indices were trading mixed today, with the realty sector and the IT sector witnessing selling pressure. Meanwhile, stocks in the auto and banking sectors witnessed buying.
The rupee is trading at Rs 95.3 against the US$.
Gold prices for the latest contract on MCX are trading 0.7% higher at Rs 1,54,900 per 10 grams.
Meanwhile, silver prices were trading 1.8% higher at 2,39,889 per 1 kg.
Senco Gold Q1 Results
Shares of Senco Gold came into focus after the company reported its Q1 FY27 results.
Senco Gold, which is engaged in the retail and manufacturing of gold and diamond jewellery, reported a 3% year-on-year decline in consolidated net profit to Rs 1.01 billion (bn) in Q1FY27, compared with Rs 1.05 bn in the same quarter last year.
The company's PAT margin declined by 240 basis points to 3.3%, compared with 5.7% in Q1FY26.
However, revenue witnessed strong growth, rising 67% YoY to Rs 30.56 bn, from Rs 18.26 bn in the year-ago quarter.
EBITDA increased 16% YoY to Rs 2.13 bn, compared with Rs 1.84 bn a year earlier. Despite the growth in EBITDA, the EBITDA margin fell to 7% from 10.1%, a decline of 310 basis points, mainly due to a sharp fall in gross margins.
Expenses also increased during the quarter. Employee expenses rose 22% YoY, while other expenses jumped 86%.
On the retail front, sales increased 50% YoY to Rs 26.52 bn, while same-store sales growth (SSSG) remained strong at 39%.
Kalpataru Projects Q1 Results
Shares of Kalpataru Projects came into focus after the company reported its Q1 FY27 results.
Kalpataru Projects reported a 97.4% year-on-year increase in consolidated net profit to Rs 4.31 bn in Q1FY27, compared with Rs 2.18 bn in the same quarter last year.
The company's consolidated revenue grew 10% YoY to Rs 77.78 bn, up from Rs 70.67 bn in the corresponding quarter of the previous fiscal year.
EBITDA rose 19% YoY to Rs 6.40 bn, while the EBITDA margin improved by 60 basis points to 8.2%, compared with the year-ago period.
Manappuram Finance Q1 Results
Shares of Manappuram Finance came into focus after the company reported its Q1 FY27 results.
Manappuram Finance reported a consolidated profit of Rs 5.85 bn in Q1FY27, compared with Rs 1.32 bn in the corresponding quarter of the previous year.
The company's total income increased to Rs 30.40 bn, up from Rs 22.65 bn in Q1FY26.
Net interest income (NII) rose 28.1% year-on-year to Rs 17.24 bn, compared with Rs 13.45 bn in the year-ago period.
The company's assets under management (AUM) grew 57.2% YoY to Rs 696.35 bn during the June quarter. Gold loan AUM witnessed particularly strong growth, rising 97.9% YoY to Rs 570.06 bn in Q1FY27. Non-gold loan businesses accounted for 18.14% of total AUM.
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