Sensex Today Ends 332 Points Lower; Nifty Below 23,800

Although the benchmark indices opened lower, they traded negative throughout the session and ultimately closed red.

Indian equity benchmark indices, Sensex and Nifty50, extended losses to the fifth session as traders weighed inflation and growth outlook amid elevated oil prices.

At the closing bell, the BSE Sensex  closed 332 points lower (down 0.4%)

Meanwhile, the NSE Nifty closed 102 points lower (down 0.4%)

ITC, HCL Tech, and Axis Bank were the top gainers today.

Eternal, Bajaj Finance, and Infosys, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,830, 32 points lower at the time of writing.

The BSE 150 Midcap index is trading 0.1% lower, and the BSE 250 SmallCap index is trading 0.2% lower.

Sectoral indices were trading mixed today, with the metal sector and the oil & gas sector showing selling pressure. Meanwhile, stocks in the IT sector and banking sector witnessed selling pressure.

The rupee is trading at Rs 96.5 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 1,43,350 per 10 grams.

Meanwhile, silver prices were trading 1.4% higher at 2,22,578 per 1 kg.

Infosys Q1 Business Update

Shares of Infosys came into focus after the company reported its Q1 business update.

Infosys reported a 12.2% year-on-year (YoY) increase in consolidated net profit to Rs 77.69 bn for the first quarter, while revenue rose 14% YoY to Rs 482.11 bn. The financial services segment, the company's largest revenue contributor, grew 2.4% YoY in constant currency. Operating margin improved by 30 basis points to 21.1%.

Total employee count stood at 328,062 at the end of the quarter, down by 532 employees sequentially. Attrition increased to 13% from 12.6% in Q4FY26.

On a dollar basis, revenue increased 2.8% YoY, while constant currency revenue grew 2.4% YoY. On a sequential basis, revenue was up 1%.

The company secured large deal wins worth USD 3.6 billion during the quarter, with four of the six deals valued at just under USD 500 million each.

Infosys also said that AI-related revenue contributed 8.2% of total revenue, up from 5.5% when it first disclosed the metric in February, with AI revenue continuing to grow at a double-digit sequential pace.

Indosolar Q1 Business Update

Shares of Waaree Group company and Waaree Energies' subsidiary, Indosolar came into focus after the company reported its Q1 business update.

According to the company's exchange filing, revenue from operations declined to Rs 0.68 bn in Q1FY27 from Rs 1.95 bn in the corresponding quarter last year. The company said the decline was primarily due to a higher contribution from tolling contracts during the quarter, compared with revenue from direct distribution and trading in Q1FY26.

Net profit (PAT) fell to Rs 0.37 bn in Q1FY27 from Rs 1.17 bn a year earlier.

Despite the drop in revenue and profit, the company's EBITDA margin expanded sharply to 70.89% from 32.65% in Q1FY26, marking an increase of 117.11%.

On the operational front, module production stood at 224 MW during the quarter, compared with 244 MW in the year-ago period, while module sales declined to 218 MW from 231 MW in Q1FY26.

Meesho Q1 Business Update

Shares of Meesho came into focus after the company reported its Q1 FY27 results.

For the quarter ended June, Meesho reported a net loss of Rs 1.33 bn, compared with Rs 2.89 bn in the same period last year, according to its shareholder letter.

Marketplace revenue from operations increased 48% year-on-year to Rs 37.07 bn, driven by better delivery conversion through lower cancellations and Return-to-Origin (RTO) rates, along with higher platform monetisation. Net Merchandise Value (NMV) rose 34% YoY to Rs 116.14 bn.

Annual Transacting Users (ATUs) grew 29% YoY to 274 million, while purchase frequency improved to 10.3 transactions per user annually. Total orders placed during the quarter increased 29% to 725 million.

The company's contribution margin expanded by 54 basis points sequentially to 4.6% of NMV, supported by logistics efficiencies and improved platform monetisation.

Marketplace Adjusted EBITDA improved to -1.2% of NMV, while last twelve months (LTM) free cash flow improved by around 15% to negative Rs 5.37 bn, compared with negative Rs 6.33 bn in the previous quarter.