After opening the day higher, the benchmark indices continued their upward momentum, ended the session in the red.

Indian equity markets indices Sensex and Nifty ended Thursday's volatile session in negative territory following US President Donald Trump's announcement of a 25 per cent tariff on Indian exports.

At the closing bell, the BSE Sensex closed lower by 296 points (down 0.3%).

Meanwhile, the NSE Nifty closed 86 points lower (down 0.4%)

HUL, Eternal, Kotak Mahindra among the top gainers today

Tata Steel, Sun Pharma, and Reliance Industries, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,83,6, lower by 17 points at the time of writing.

The BSE MidCap index ended 0.7% lower and the BSE SmallCap index ended 0.8 lower.

Barring the FMCG sector and the services sector, all other sectoral indices are trading negatively today, with stocks in the metal sector and the telecommunication sector witnessing selling pressure.

The rupee is trading at Rs 87.0 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 98,350 per 10 grams.

Meanwhile, silver prices were trading 0.3% lower at Rs 109,944 per 1 kg.
 

Adani Enterprises Announces Q1 Results

In the news from trading sector, shares of Adani enterprises dip 4% after the company reported its Q1 FY26 results.

The company's overall revenue for the reviewed quarter was Rs 224.4 billion (bn), a 14% YoY decrease from Rs 260.6 bn in Q1FY25.

Additionally, EBITDA decreased by 12% year over year to Rs 37.8 bn from Rs 43 bn during the same time last year.

According to the company, the EBITDA from incubating businesses contributed 74% of the Q1FY26 results and increased by 5% year over year to Rs 28 bn.

Adani Enterprises' Q1 profit dropped by 50% to Rs 7.3 bn compared to Rs 14.6 bn in the same quarter last year.

Adani New Industries launched India's first off-grid 5 MW Green Hydrogen pilot plant, a significant step towards clean energy transition.

Adani Group is set to operationalize major assets like Navi Mumbai International Airport, Copper Plant, and Ganga Expressway, boosting India's growth with world-class infrastructure.
 

KPIT Technologies Q1 Profit Drops Sharply

Moving on to the news from IT sector, shares of KPIT declined 3% after the company reported its Q1 FY26 results.

The company's revenue during the reporting period increased by 12.7% to Rs 15.4 bn compared to Rs 13.6 bn recorded in the same quarter of the prior year.

EBITDA increased 12.4% from Rs 2.8 bn in Q1 FY25 to Rs 3.2 bn in the Q1 FY26 quarter. In the reporting quarter, the margin decreased slightly from 21.1% a year earlier to 21%.

KPIT Technologies' total revenue increased by 9.5% from Rs 14.2 bn in Q1 FY25 to Rs 15.5 bn in Q1 FY26.

KPIT Technologies' Q1 net profit fell 16% to Rs 1.7 bn due to currency fluctuations, compared to Rs 2.5 bn in the same quarter last year.

The CEO of the company added that the company is constantly innovating to become a global leader by investing in solutions, platforms, tools, and accelerators that help their top clients launch products faster, reliably, and at a lower cost.
 

PNB's Q1 Results Show Improvement Trend

Moving on to the news from banking sector, shares of PNB dropped 4% after the company reported its Q1 FY26 results.

Net Interest Income (NII), rose 1% from the previous year to ?10,578 crore.

On a sequential basis, PNB's asset quality slightly improved. While Net NPA was at 0.38% from 0.4% in March, Gross NPA was at 3.78% from 3.95%.

The quarter's loan growth rate was 11%.

The lender's interest income also increased to Rs 319.6 bn against Rs 285.5 bn in the same quarter a year ago.

At the end of the June quarter, gross non-performing assets (NPAs) decreased from 4.98% of gross advances to 3.78%, indicating an improvement in the bank's asset quality.

Similarly, net NPAs, or bad loans, declined to 0.38%, as against 0.6% in the year-ago period.

PNB's net profit fell 48% to Rs 16.8 bn due to higher tax expenses, which rose to Rs 50.8 bn from Rs 20.2 bn last year.

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