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

Indian equity market indices, Sensex and Nifty, ended lower today, dragged by Financial, Pharma, and Realty stocks.

At the closing bell, the BSE Sensex closed lower by 368 points (down 0.4%).

Meanwhile, the NSE Nifty closed 97 points lower (down 0.4%).

Maruti Suzuki, Tech Mahindra, and  M&M are among the top gainers today.

Bharti Airtel, Bharat Elec, and Maruti Suzuki, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,52,3, lower by 52 points at the time of writing.

The BSE MidCap index ended 0.3% lower, and the BSE SmallCap index ended 0.2 lower.

Sectoral indices are trading mixed today, with stocks in the auto and oil & gas sectors witnessing buying. Meanwhile, stocks in real estate and banking are witnessing selling pressure.

The rupee is trading at Rs 87.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 100,109 per 10 grams.

Meanwhile, silver prices were trading 0.1% lower at Rs 113, 222 per 1 kg.
 

Titagarh Rail's Q1 Profit Takes Hit

In the news from railway sector, shares of Sai Life Sciences came in focus after the company posted its Q1 FY26 results.

In the quarter that ended on 30 June 2025, revenue from operations fell 24.77% year over year (YoY) to Rs 6.8 billion (bn).

In Q1 FY26, profit before tax from continuing operations was Rs 0.4 bn a 31.49% decrease from the previous year.

Compared to Q1 FY25, total expenses decreased 22.77% to Rs 6.3 bn in Q1 FY26.

While the cost of employee benefits was Rs 0.3 bn, up 52.22% YoY, the cost of raw materials and components consumed during the quarter was Rs 5 bn, down 27.43% YoY.

During the quarter, revenue from passenger rail systems increased by 27.22% year over year to Rs 0.7 bn, while revenue from freight rail systems decreased by 28.53% year over year to Rs 6. 01 bn.

Titagarh Rail Systems' consolidated net profit dropped by 53.82% to Rs 0.3 bn in Q1 FY26, down from Rs 0.6 bn in Q1 FY25.

Titagarh Rail Systems secured new orders worth Rs 20.9 bn in Q1, taking its total order book to Rs 260 bn. The Freight Rolling Stock order book stands at Rs 41.1 bn, which includes 10,772 wagons.
 

Yatra Online Shares Surge on Earnings

Moving on to the news from service sector, shares of Yatra Online came in focus after the company announced it has signed 34 new corporate clients with a potential annual billing of Rs 2 bn following its earning reports.

The company's revenue more than doubled to Rs 2.1 bn compared to Ras 1.01 bn in the same period last year.

Its EBITDA increased 423% to Rs 0.2 bn from Rs 0.4 bn in the same period last year, the Gurugram-based company reported strong operational performance.

Compared to the same period last year, its EBITDA margin increased by 670 basis points to 11.19%.

Yatra's Q1 performance was strong due to corporate business and higher-margin hotels and packages, driven by MICE and hotel cross-selling.

As of June 30, 2025, Yatra had Rs 2.2 bn in cash, cash equivalents, and term deposits. Its gross debt had decreased from Rs 0.5 bn on 31 March 2025, to Rs 0.3 bn on 30 June 2025.

Yatra's net profit jumped four times to Rs 0.16 bn in Q1, up from Rs 0.04 bn last year, driven by strong hotel and package business.
 

Hindalco's Q1 Earnings Show Strong Growth

Moving on to the news from metal sector, shares of Hindalco came in focus after the company posted its Q1 FY26 results.

The quarter's revenue of Rs 242.6 bn represented a 9.5% increase over the same period last year.

For the quarter, Hindalco's EBITDA climbed 14.2% to Rs 31.4 bn, while margins increased 50 basis points to 12.9% from 12.4% the previous year.

Novelis's resilient performance and the India business's strong performance were the main drivers of the impressive results.

The company's upstream EBITDA for its aluminium business was Rs 43.1 bn and the Copper business's EBITDA was Rs 6.7 bn.

Novelis reported a 1% increase in shipments despite obstacles, with beverage can shipments accounting for 8% of the growth compared to the previous quarter of the year.

Hindalco's Q1 performance is strong due to efficient operations, cost management, and a better product mix, said MD of the company.

Hindalco's net profit jumped 26.6% to Rs 18.3 bn in Q1, up from Rs 14.7 bn in the same quarter last year.

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