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

Indian equity markets indices Sensex and Nifty witnessed buying towards the end and settled higher. Investors remained cautious after US President Donald Trump's announcement of tariff rates on various countries. Investors, now, await the India-US trade deal announcement in a bid to avoid any steep tariffs on Indian exports to the US.

At the closing bell, the BSE Sensex closed higher by 270 points (up 0.3%).

Meanwhile, the NSE Nifty closed 61 points higher (up 0.2%)

Kotak Mahindra, Asian Paints, Bharat Elec among the top gainers today

Titan Company, Trent, and Sun Pharma, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,612 higher by 96 points at the time of writing.

The BSE MidCap index ended 0.01% higher, and the BSE SmallCap index ended 0.2% lower.

Sectoral indices were trading mixed today, with stocks in the realty sector and the power sector witnessing buying. Meanwhile, stocks in the auto sector and the telecommunications sector witnessed selling pressure.

The rupee is trading at Rs 85.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% lower at Rs 96,875 per 10 grams.

Meanwhile, silver prices were trading 0.2% lower at Rs 108,140 per 1 kg.
 

Pheonix Mills Q1 Sales Show Strong Growth

In the news from realty sector, shares of Pheonix Mills rose 1.4% after the company shared its FY26 business updates, showing positive results.

Phoenix Mills reported that its retailer sales at all its operating malls increased by 12% year over year (YoY) in Q1FY26, indicating strong underlying demand and ongoing portfolio momentum.

In the first quarter of FY26, Phoenix Mills leased out 4.07 lakh square feet of office space in Chennai, Bengaluru, Pune, and Mumbai. Mumbai and Pune's operational office asset occupancy increased from 67% in March 2025 to 69% in June 2025.

To improve customer satisfaction and long-term value, Phoenix MarketCity is modernising its malls with improved tenant mixes and space optimisation. Due to planned renovations, trading occupancy was 89% for the quarter, which was marginally less than 91% in Q4 FY25.

According to an exchange filing, the company stated that the continued ramp-up of our new assets, namely Phoenix Mall of the Millennium and Phoenix Mall of Asia, helped to support the consumption growth during the quarter, which was led by Phoenix Palassio (Lucknow), Phoenix Citadel (Indore), Phoenix Palladium (Mumbai), and Palladium Ahmedabad.

However, the company's shares fell 4.66% in Q1, underperforming the BSE Realty index, which rose nearly 16%.
 

Lodha Developers Q1 Pre-Sales Show Strong Growth

Moving on to the news from real estate sector, Lodha Developers achieved Rs 44.5 bn in pre-sales for Q1FY26, showing a 10% YoY growth.

Despite facing a temporary slowdown due to geopolitical tensions that impacted business, the company showed a strong performance.

Lodha Developers hopes to make up lost time and meet its FY26 pre-sale's goal of Rs 210 bn. The business grew significantly during the quarter, which supports the company's solid launch pipeline.

The company stated in a regulatory filing that it expects much higher inflows in the second half of the year, even though collections during the quarter increased 7% to Rs 28.8 bn in accordance with the business plan.

During the quarter, the developer added five new projects totalling Rs 227 bn in Gross Development Value (GDV) spread across Bengaluru, Pune, and the Mumbai Metropolitan Region (MMR). This shows a strong development pipeline as it represents over 90% of Lodha's full-year GDV guidance of Rs 250 bn.

Lodha's net debt stood at Rs 50.8 bn as of June, still comfortably below its internal threshold of 0.5x net debt-to-equity despite significant business development investments.

Navin Fluorine QIP Gets Attention

Moving on to the news from chemical sector, Navin Fluorine International Ltd has launched a Qualified Institutional Placement (QIP) to raise up to Rs 7.5 bn by issuing equity shares worth Rs 2 each.

Navin Fluorine's QIP launch follows board approval on June 29 and shareholder nod on 1 August. The board on July 7 finalized the QIP details, including the preliminary placement document.

According to the rules of the capital market regulator, the QIP floor price is set at ?4,798.28 per share. Depending on investor demand, the business might provide a discount of up to 5%.

One of the top producers of speciality fluorochemicals in India is Navin Fluorine International, which was established in 1967. In addition to providing contract research and manufacturing services, it manufactures refrigeration gases, inorganic fluorides, and organofluorines.

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