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

Indian equity market indices, Sensex and Nifty, closed with gains, tracking the strength in global markets. Besides, stock-specific action amid the ongoing quarterly earnings season for the June quarter (Q1FY26) results also guided the sentiment.

At the closing bell, the BSE Sensex closed higher by 540 points (up 0.6%).

Meanwhile, the NSE Nifty closed 159 points higher (up 0.6%)

Tata Motors, Bharti Airtel, and Band Ajaj Finance are among the top gainers today

HUL, Bharat Elec, and Tata Steel, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,248, higher by 164 points at the time of writing.

The BSE MidCap index ended 0.2% higher, and the BSE SmallCap index ended 0.1% higher.

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

The rupee is trading at Rs 86.3 against the US$.

Gold prices for the latest contract on MCX are trading 0.1% lower at Rs 100,295 per 10 grams.

Meanwhile, silver prices were trading 0.5% higher at Rs 1,16,256 per 1 kg.
 

M&M Financial Services Post 6% Profit Rise

In the news from financial sector, shares of Mahindra Finance reported a 6% surge in net profit.

During the reporting quarter, the company's disbursements increased by 1% to Rs 128.1 billion (bn), while the gross loan book on June 30 increased by 15% to Rs 12,200 bn.

According to a regulatory filing, its total income increased by 18% to Rs 44.4 bn in Q1FY26, and its core net interest income increased by an equivalent amount to Rs 22.9 bn.

A year ago, the net interest margin was 6.6%; now, it is 6.7%.

The credit costs increased by 47% to Rs 6.6 bn, or 1.9% of average total assets compared to 1.5 a year ago.

On June 30, the core tier-1 capital was 17.9% of the total capital adequacy, which was 20.6%.

Mahindra Finance's Q1 net profit rises 6% to Rs 5.3 bn.

Although its profit after tax (PAT) increased by 3% to Rs 5.3 bn in the first quarter of FY26 compared to Rs 5.1 bn in the same period last year, it was 6% less than the PAT of Rs 5.6 bn in the previous March quarter.
 

Ideaforge Shares Plummet on Q1 Loss

Moving on to the news from defence sector, Ideaforge Technology shares dropped 7.61% to Rs 5.03 bn after the company reported a loss in its June quarter earnings.

Its first-quarter operating revenue fell 85% to Rs 0.1 bn from Rs 0.8 bn during the same period last year.

In contrast to its operating profit of Rs 0.8 bn, Ideaforge reported an EBITDA loss of Rs 0.2 bn.

The company reported a consolidated net loss of Rs 0.2 bn in Q1 FY26, compared to a net profit of 0.1 bn in the same quarter last year.

Ideaforge Technology received an emergency Rs 1.4 bn mini-UAV procurement order from the Indian Army during the quarter. According to the company, the Indian Army used its UAVs during Operation Sindoor demonstrating the battlefield readiness of its UAVs.

According to Ideaforge CEO, the company had a great start to FY 2026, obtaining a government order worth 1.4 bn, demonstrating its dependability as an armed forces partner in India.

In addition, the government has announced a Rs 10,000 bn RDI Fund to encourage innovation and a Rs 400 bn allocation for the upcoming emergency procurement cycle. It is anticipated that drone manufacturers will enter a new PLI phase that will be beneficial to IdeaForge and the industry.
 

KEI Industries Q1 Profit Jumps 30%

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

The company's operating revenue increased by 25.4% to Rs 25.9 bn compared to Rs 20.1 bn during the same period of the previous fiscal year.

EBITDA at the operating level increased 17.7% to Rs 2.6 bn compared to Rs 2.2 bn in the same period last year.

In the reporting quarter, the EBITDA margin decreased marginally to 10% from 10.4% YoY.

KEI Industries Ltd. reported 30.4% year-over-year (YoY) increase in net profit to Rs 1.9 bn for the June quarter compared to Rs 1.5 bn in the same period last year.

KEI Industries' new cable manufacturing plant in Gujarat is progressing well, with production expected to start in phases: LT and HT cables by September 2025, and EHV cables by Q1 FY27.

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