After opening the day lower, the benchmark indices continued their downward momentum, ended the session in the red.

Indian equity markets indices, Sensex and Nifty, settled lower on Monday amid global cues as US President Donald Trump slapped 30% tariff on imports from the European Union and Mexico, effective from August 1. That apart, nervousness amid the June quarter (Q1FY26) earnings season also kept sentiment in check.

At the closing bell, the BSE Sensex closed lower by 247 points (down 0.3%)

Meanwhile, the NSE Nifty closed 67 points lower (down 0.2%)

Titan Company, M&M, Sun Pharma among the top gainers today

Tech Mahindra, Infosys, and Asian Paints, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 25,158, lower by 33 points at the time of writing.

The BSE MidCap index ended 0.6% higher, and the BSE SmallCap index ended 0.5% higher.

Sectoral indices are trading mixed today, with stocks in the realty sector and the healthcare sector witnessing buying. Meanwhile, stocks in the IT sector and the media sector witness selling pressure.

The rupee is trading at Rs 86.0 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% higher at Rs 98,376 per 10 grams.

Meanwhile, silver prices were trading 1.6% higher at Rs 114,841 per 1 kg.
 

NCC Wins Mumbai Metro Line Project

In the news from the construction sector, shares of NCC gain 2% after the company received a Rs 22.7 billion (bn) from MMDRA to work on Mumbai Metro Line 6. This is a major project for the company.

For Line 6 (Swami Samarth Nagar to Vikhroli), the scope of work includes designing, manufacturing, supplying, installing, integrating, testing, and commissioning rolling stock, telecom systems, platform screen doors, train control, rolling stock, and depot machinery.

The contract will be carried out over a 24-month construction period, followed by five years of comprehensive maintenance and two years of defect liability maintenance.

This new victory strengthens NCC's already impressive momentum. The company had previously announced on 30 June 2025 that it had received new orders totalling Rs 16.9 bn for its building division from various private firms and state agencies.
 

Sula Vineyards Q1 Revenue Drops Slightly

Moving on to the news from beverages sector, shares of Sula Vineyards dropped 3% after the company announced weak Q1 sales update.

Sula Vineyards revenue fell 7.9% to Rs 1.2 bn in Q1, compared to Rs 1.3 bn in the same period last year.

The main cause of the decline was a 10.8% drop in own-brand wine revenue, which fell to Rs 1.02 bn due to Maharashtra's excise-driven trade pre-loading and ongoing urban consumption slowdown.

The company reported that underlying revenue was flat year over year, excluding the one-time benefit of Rs 0.1 bn from WIPS unwinding last year.

However, wine tourism turned out to be a bright spot, with revenue increasing 21.8% YoY to Rs 0.1 bn due to record Q1 occupancy at its resorts, higher foot traffic, and higher visitor spending. Momentum was also aided by the recently opened Samruddhi Highway, which cuts down on the time it takes to get from Mumbai to Nashik.

The company introduced 'Sula Muscat Blanc,' India's first low-alcohol Muscat wine at 7.5% ABV and saw significant growth in its elite and premium wines, such as The Source and RASA.

Ola Electric Q1 Loss Widens

Moving on to the news from auto sector, shares of Ola Electric jumped 17% after the company reported a lower loss in Q1 and forecasted higher profit margins for FY26, driven by strong sales of its new scooter models.

Operating revenue for the April-June quarter increased by 35.5% to Rs 8.3 bn, compared to Rs 6.1 bn for the quarter that ended on 31 March 2025.

According to the company, it delivered 68,192 vehicles in total in Q1 FY26, up 32.7% from Q4 FY25's delivery of 51,375 units.

Ola Electric's auto business became profitable in June due to strong margins from its vertical integration strategy. The company expects to stay profitable from Q2 onwards. 80% of sales were of its new Gen 3 scooters, which improved margins and reduced warranty claims.

The business also mentioned that it has created rare earth-free motors, which will be used beginning in the quarter ending in December. Ola claimed that in response to shortages in the world's rare earth supply, it accelerated the program in April.
 

VIP Shares Plummet on Stake Sale

Moving on to the news from consumer durable sector, shares of VIP Industries dropped 4% on Monday after the company's promoters, Dilip Piramal and Family plans to sell a 32% stake in the company.

A group of investors has agreed to purchase a 32% stake in VIP Industries, including Samvibhag Securities and Multiples Private Equity.

The deal will trigger an open offer, requiring the buyers to also offer to buy up to 26% more stake in VIP Industries. This is as per the rule of the capital market regulator.

Several companies connected to Dilip Piramal, including DGP Securities, Kemp and Company, and others, are among the sellers in this transaction.

Dilip Piramal, Chairman of VIP Industries, welcomed Multiples as new strategic partners, saying this move will help revive the company's legacy and strengthen its position in the Indian luggage market.

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