Sensex today | Stock Market Highlights: Nifty jumps 391 points to reclaim 24,750; Sensex gains 544 as IT, banks lead rally

KUALA LUMPUR, 7 AUGUST 2026 —

Indian benchmark indices ended sharply higher on Monday, with the BSE Sensex rising 544.39 points (0.70%) to close at 78,639.03, while the Nifty 50 surged 390.70 points (1.60%) to settle at 24,774.30. The rally was led by IT, banking & financial services, cement and FMCG stocks, while the media index was the only sectoral loser. The Nifty Midcap 100 touched a fresh record high of 63,681.80 during the session before ending with gains of over 1%. Top performers included Jubilant FoodWorks, APL Apollo Tubes, National Aluminium Company (NALCO) and Godfrey Phillips India. The Nifty Smallcap 100 also climbed to an intraday high of 19,610.85. Market breadth remained firmly positive. Of the 4,595 stocks traded, 2,835 advanced, 1,555 declined, while 205 remained unchanged. As many as 187 stocks touched their 52-week highs, while 67 hit 52-week lows. Additionally, 291 stocks were locked in the upper circuit, compared with 182 in the lower circuit. ​ PMI Manufacturing slips to near 5-year low in July India's PMI Manufacturing index falls to a near 5-year low in July, signaling weakened job creation and mixed sector growth. Escorts Kubota reports a 26% rise in adjusted quarterly profit, driven by strong tractor sales and increased revenue. GlaxoSmithKline Pharmaceuticals Ltd (GSK India) today announced its financial results for the first quarter ended June 30, 2026. During the quarter, the company delivered strong growth across both its core and innovative portfolios. The performance reflects continued progress in the company’s portfolio transformation strategy, supported by execution excellence and a favourable base effect from the comparable period last year. Revenue for the quarter stood at ₹924 crore, up 15% year-on-year. Profit after tax (PAT) increased 24% to ₹253 crore, while EBITDA margin stood at 32%. “GSK India’s broad-based growth demonstrates the resilience of the core General Medicines and Vaccines portfolio and the growing contribution of the innovative business. This growth was enabled by a relentless focus on scientific excellence, sharper execution in the field and meaningful investments in technology and talent development. With a strong innovation pipeline and launch opportunities ahead, we are well-positioned to deliver sustainable growth and meaningful impact for millions of patients in India.” During the session, Nifty Midcap 100 hit a fresh high of 63,681.80, settled with over 1% gains. Top gainers: Jubilant Foodworks, APL Apollo, National Aluminium, Godfrey Phillips. Nifty Smallcap 100 index hit a high of 19,610.85. Sri Lotus Developers & Realty Limited, a leading Mumbai-based developer of luxury and ultra luxury residential and commercial properties in Mumbai, with a strong focus in redevelopment & joint development projects announced its unaudited financial results for the quarter ended 30th June 2026. Q1FY27 was a strong to the year for the company, marked by robust pre-sales growth, strong collections, healthy profitability, disciplined execution, and continued expansion of its redevelopment pipeline. The company continues to stand out as one of the most profitable and capital-efficient platforms in the real estate sector, supported by industry leading margins, strong return ratios, and a net debt-free balance sheet. Q1 FY27 pre-sales witnessed robust traction, increasing 567% YoY to INR 409 Crs. Two projects were launched during Q1 FY27 – Lotus Trident (Andheri West) and Lotus Aquaria (Prabhadevi). Together, these projects have a GDV of INR 1,350 Crs. Both projects were launched towards the end of June and are seeing good traction and enquiries, with construction commenced and strong customer interest, providing a healthy pipeline for future sales. The company plans to launch four new projects in the remaining part of FY27, with an estimated combined GDV of ~INR 3,500–4,000 Crs. This includes Lotus Aurelia, Lotus Sky Plaza, Lotus Portofino, and Lotus Odyssey. The company will continue to add new projects and developments to enhance the future pipeline. o Pre Sales stood at INR 409 Crs. Up by 567% YoY o Collections of INR 150 Crs., up by 115% YoY o Total Revenue stood at INR 132 Crs., Up by 116% YoY o EBITDA stood at INR 48 Crs., Up by 63% YoY. EBITDA Margin stood at 36.4% o Profit After Tax stood at INR 46 Crs. Up by 77% YoY The Indian rupee ends flat as importer demand offsets oil price decline following geopolitical tensions and market volatility. BSE Sensex settled 544.39 pts or 0.70% positive at 78,639.03; and Nifty 50 gained 390.70 pts or 1.60% to 24,774.30. IT, banking & financials, cement and FMCG sectors led the gainers. while only the media index ended in red. • Rainfall Recovery: Improving rainfall may help offset the monsoon’s weak start. • Adequate foodgrain stocks: Healthy reserves may help contain supply pressures and food inflation. • Resilient rural demand: Stable consumption could support broader economic activity. • Supportive monetary conditions: A favourable interest-rate environment may cushion the economy from monsoon-related risks. Mumbai/ Pune, 3rd August: India’s southwest monsoon has gained momentum in recent weeks, although cumulative rainfall remains 16% below the long-term average due to uneven regional distribution. While improving rainfall is expected to support kharif sowing in the coming weeks, the area under kharif sowing remains below last year’s level. The progress of the monsoon over the remainder of the season will be key to assessing its impact on agricultural output and inflation. According to an analysis by Bajaj Asset Management Limited (Formerly known as Bajaj Finserv Asset Management Limited.), temporary supply-side pressures may keep food prices elevated in the near term. However, the recovery in rainfall, comfortable foodgrain stocks, resilient rural indicators and a supportive interest-rate environment may prevent the delayed monsoon from becoming a broader economic challenge. Historical trends also suggest that the start of the monsoon does not necessarily determine the final outcome. Although June 2026 was among India’s driest in more than a century, the eventual impact on the economy will depend largely on how rainfall progresses through July, August and September. In 1926, for instance, the monsoon experienced one of its weakest starts on record before staging a strong recovery between July and September. The season eventually ended with rainfall 11% above normal. The analysis indicates… (AI-assisted rewrite, based on the original source)