Sensex Today Ends 364 Points Lower; Nifty Below 23,900

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 fourth session as oil prices increased due to fresh escalation in tension between the US and Iran.

At the closing bell, the BSE Sensex  closed 364 points lower (down 0.5%)

Meanwhile, the NSE Nifty closed 127 points lower (down 0.5%)

TCS, HCL Tech, and Eternal were the top gainers today.

Axis Bank, SBI, and Tata Steel, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,876, 85 points lower at the time of writing.

The BSE 150 Midcap index is trading 1% lower, and the BSE 250 SmallCap index is trading 1.2% lower.

Barring auto, all other sectoral indices were trading negative today, with the power sector and realty sector showing selling pressure.

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

Gold prices for the latest contract on MCX are trading 1.02% lower at Rs 1,44,200 per 10 grams.

Meanwhile, silver prices were trading 1.8% lower at 2,22,788 per 1 kg.

SRF Q1 Business Update

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

In Q1FY27, SRF reported a strong performance, with revenue rising 32% year-on-year to Rs 49.4 bn, driven by growth across all business segments.

The Chemicals business grew 26% YoY to Rs 23.2 bn, while Packaging Films revenue increased 42% YoY to Rs 20.2 bn.

The Technical Textiles segment also recorded healthy growth, with revenue rising 28% YoY to Rs 6.0 bn.

The company's profit after tax (PAT) surged 76% YoY to Rs 7.6 bn.

Consolidated EBITDA increased 49% YoY to Rs 12.4 bn, with the EBITDA margin improving to 24.6%, an expansion of 280 basis points over the previous year.

Meanwhile, the Chemicals business EBIT rose 27% YoY to Rs 6.4 bn.

Tanla Platforms Q1 Business Update

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

In Q1FY27, Tanla Platforms reported a strong financial performance, with revenue increasing 17.8% year-on-year to Rs 12.3 bn, compared with Rs 10.4 bn in the same quarter last year.

Profit after tax (PAT) rose 20.1% YoY to Rs 1.4 bn, up from Rs 1.2 bn a year earlier.

The company's EBITDA grew 22.7% YoY to Rs 2.0 bn, supported by higher gross profit, although partly offset by increased indirect expenses.

As of June 30, 2026, free cash flow stood at Rs 1.3 bn, representing 89% of the company's total profit.

HPCL Q1 Business Update

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

In Q1FY27, HPCL reported a net loss of Rs 122.6 bn, compared with a profit of Rs 41.1 bn in Q1FY26, marking its first quarterly loss since Q3FY23.

Despite the loss, the company's total income increased 21% year-on-year to Rs 1.45 trillion, up from Rs 1.20 trillion in the corresponding quarter last year.

Product sales rose 0.6% YoY to 13.12 million tonnes (mt), while petrol and diesel sales grew 8.1% to 8.8 mt.

During the quarter, HPCL's refineries processed 6.52 mt of crude oil, operating at 107% of installed capacity.

The Visakh refinery processed 3.97 mt at 106% capacity utilisation, while the Mumbai refinery processed 2.55 mt, operating at 108% capacity utilisation.