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 ended the week's last trading session in negative territory after US President Donald Trump announced tariffs on various trading-partner countries, effective 7 August, including 25% tariffs on Indian imports. Notably, Trump has held India's adjusted tariffs steady at 25%.

At the closing bell, the BSE Sensex closed lower by 586 points (down 0.7%).

Meanwhile, the NSE Nifty closed 203 points lower (down 0.8%).

Trent, Asian Paints, and HUL are among the top gainers today.

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

The GIFT Nifty was trading at  24,59,9, lower by 237 points at the time of writing.

The BSE MidCap index ended 1.3% lower and the BSE SmallCap index ended 1.6 lower.

Barring the FMCG sector and the services sector, all other sectoral indices are trading negatively today, with stocks in the healthcare 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% lower at Rs 97,713 per 10 grams.

Meanwhile, silver prices were trading 0.4% lower at Rs 109,480 per 1 kg.
 

JSW Energy Q1 Profit Jumps

In the news from energy sector, shares of JSW Energy surged 4% after the company reported its Q1 FY26 results.

In Q1FY26, the company's thermal segment generated Rs 32.65 billion (bn) in revenue, up 89.15% YoY from Rs 19.1 bn in the same period the previous year.

Revenue from its renewables segment increased 63.77% year over year to Rs 14.9 bn, up from Rs 9.1 bn in Q1FY25. Additionally, the revenue from its unallocated segment was Rs 0.3 bn, a 44.60% YoY increase from Rs 0.5 bn.

Operationally, JSW Energy's EBITDA increased by 96.82% year over year to Rs 27.8 bn in the June FY26 quarter, up from Rs 14.2 bn in the same period last year.

The EBITDA growth was driven by the addition of organic renewable capacity as well as contributions from O2 Power and Mahanadi.

In Q1FY26, its EBITDA margin increased from 49.22% in the June FY25 quarter to 54.23%.

JSW Energy's renewable energy output jumped 54% to 5 billion units, while its long-term power generation rose 73% to 11.8 billion units in Q1 FY26.

Net profit jumped 42.43% to Rs 7.4 bn in Q1 FY26, up from Rs 5.2 bn last year.
 

Swiggy's Q1 Loss Widens

Moving on to the news from E-commerce sector, shares of Swiggy declined 4% after the company posted its Q1 FY26 results.

The quarter's revenue grew by 54% to Rs 49.6 bn from Rs 32.2 bn in the same quarter last year.

On EBIT basis, Swiggy's Quick Commerce loss increased from Rs 3.8 bn to Rs 7.9 bn in the previous year.

EBITDA dropped Rs 9.5 bn, compared to Rs 5.4 bn in the same quarter the previous year.

Revenue for Swiggy's food delivery division increased to Rs 17.9 bn during the quarter from Rs 15.1 bn the previous year. On an annual basis, Quick Commerce's revenue climbed from Rs 3.7 bn to Rs 8.1 bn.

The food delivery company's EBIT climbed from Rs 0.7 bn to Rs 2 bn in the previous year. EBIT losses for platform innovations, supply chain, and distribution increased over the previous year.

Swiggy's B2C business saw a 45% jump in orders to Rs 147.9 bn. Food delivery orders rose 18.8% to Rs 80.6 bn, while Quick-commerce orders more than doubled, growing 108% to Rs 56.5 bn.

Swiggy's Q1 net loss of Rs 11.9 bn was nearly twice as large as its Rs 6.1 bn loss from the previous year. One of the main causes of the higher losses was Instamart, the Quick Commerce division.
 

TeamLease Services Q1 Profit Jumps 28%

Moving on to the news from service sector, TeamLease Services have reported its Q1 FY26 results.

Revenue increased 12% year over year to Rs 28.9 bn, and EBITDA increased 39% to Rs 0.3 bn, increasing the operating margin from 0.9% to 1.1%.

During the quarter, the company added about 5,000 employees, 110 of whom were assigned to its specialised staffing unit. Despite ongoing challenges in the BFSI and IT services verticals, TeamLease has added about 19,000 associates on a year-over-year basis.

Revenue increased by 11% and headcount increased by 5% year over year in the general staffing segment. More than 60% of the 44 new clients the company onboarded in this vertical were covered by the variable staffing model.

Additionally, TeamLease reported funding levels at 14% of volumes and a Day Sales Outstanding (DSO) of 7 days. During the quarter, TeamLease added 118 new logos (clients) overall.

TeamLease's net profit rose 27.8% to Rs 0.3 bn in Q1 FY26, driven by strong operating performance and steady demand in its staffing business.

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