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Persistent Systems reported a 3.8% revenue growth to Rs 4,303 crore in the June 2026 quarter. While the company got new order wins worth $1.14 billion, its net profit fell 8.7% to Rs 483 crore. Many investors now look at mid-cap IT stocks as they show faster growth than giants.
The Sensex and Nifty levels showed a divergence for the second day on Tuesday as traders struggled with the new closing auction system. The Sensex fell 210.08 points to 78,428.95. Kamlesh Shroff said, "The main cause of the last-minute spike in the Nifty appears to be participation in the CAS."
Markets fell on Tuesday as investors took profits after Monday’s rally. BSE, Airtel, and Nykaa reported strong quarterly profit growth, while LIC started an offer for sale for non-retail investors. Traders now wait for the RBI policy announcement on Wednesday, as many keep a close watch on these key stocks.
NHPC reported a 2.9% rise in net profit to ₹1,095.87 crore for the quarter ended June 30, 2026. Revenue from operations grew 18.5% to ₹3,808.31 crore. The company got a boost from better operating efficiency, as EBITDA margins expanded to 61.8%, showing that higher power generation helped lift its overall performance.
FIIs bought ₹2,446 crore in Indian stocks on Tuesday, but domestic selling and FMCG weakness dragged markets lower. The Sensex fell 210 points to 78,429, while the Nifty50 ended down 159 points at 24,615. Both benchmarks recovered ground in the final hour, though the broader market tone remained weak.
Technocraft Ventures Limited opens its ₹252 crore IPO on Friday, August 7, 2026. The Noida-based firm plans to use the money for working capital and general corporate needs. Many investors are watching as the company grows its water infrastructure projects across northern India. The issue closes on Tuesday, August 11, 2026.
The Indian stock market ended in the red on Tuesday as Sensex dropped over 210 points to 78,429 and Nifty 50 fell 159 points to 24,615. Vinod Nair said, "The new system is not functioning as intended, resulting in heightened price volatility." Investors now watch the RBI policy meeting closely.
Apollo Global Management reported record fees from lending and insurance in the second quarter on Tuesday. However, shares fell as asset sales missed expectations. President Jim Zelter said, "we feel pretty good" about future sales. The firm now manages $1.05 trillion, as it focuses on better transparency for private assets.
Pfizer reported better-than-expected second-quarter results on Tuesday, powered by strong demand for Eliquis. The drugmaker now targets $2.5 billion in additional cost cuts to restore growth. CEO Albert Bourla said, "launched and acquired products performed well." The company is also looking for a new Chief Financial Officer this month.
L&T Energy Hydrocarbon Offshore bagged an ultra-mega order from ADNOC worth over ₹15,000 crore. The company will lead the project, handling engineering, construction, and installation for offshore facilities. S N Subrahmanyan said, "This prestigious award from ADNOC reflects the trust our clients place in L&T's engineering excellence and project-execution capabilities."
BSE reported a consolidated net profit of Rs 873 crore for the June quarter, a 66 percent rise. Total income grew 63 percent compared to last year. Shares of the exchange operator settled at Rs 3,597.90 on August 4, as the stock gained 36.91 percent so far in 2026.
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