Indian equity markets ended lower on Tuesday as fading hopes of an early agreement to reopen the Strait of Hormuz pushed crude oil prices higher, weighing on global risk sentiment, the rupee and domestic equities.
The Nifty50 settled 112.10 points, or 0.46%, lower at 24,471.70, while the Sensex ended at 78,154.25, down 388.19 points, or 0.49%.
Technically, analysts said the 24,400 zone has emerged as an immediate support area for the Nifty50. A decisive break below this level could pave the way for a further decline towards the 24,300 mark.
In Wednesday's trade, shares of Larsen & Toubro, Tata Motors, Hindustan Aeronautics, Grasim Industries, NBCC (India), Indian Railway Catering & Tourism Corporation and several other companies will be in focus following corporate developments and first-quarter earnings.
Larsen & Toubro
Larsen & Toubro has signed a Business Transfer Agreement with wholly owned subsidiary Vyoma.AI to transfer its Data Center and Cloud Services Business on a going-concern basis through a slump sale for ₹1,400 crore, subject to closing adjustments. The consideration will be paid through the issue of fully paid-up equity shares of Vyoma.
Separately, L&T has agreed to divest its entire stake in L&T Network Services (LTNSPL) to Vyoma for ₹30 crore, subject to closing adjustments, through a share-swap. Following completion, LTNSPL will become a direct wholly owned subsidiary of Vyoma and an indirect wholly owned subsidiary of L&T.
Godrej Consumer Products
Godrej Consumer Products has approved the appointment of Aasif Malbari as Managing Director and Chief Executive Officer. Following the appointment, he will cease to hold the office of Chief Financial Officer.
Saatvik Green Energy
Saatvik Green Energy has received and accepted an order worth ₹400.16 crore from a reputed independent power producer/EPC player for the supply of solar PV modules.
Man Industries (India)
Man Industries delivered its highest-ever consolidated quarterly EBITDA of ₹155 crore, up 92.6% YoY and 5.0% QoQ, driven by a strategically optimised product and geographic mix and continued deepening of its global order pipeline.
Consolidated Revenue from operations grew 37.7% YoY to ₹1,065 crore, while consolidated PAT more than doubled YoY to ₹61 crore.
NBCC (India)
NBCC (India) reported a 17.2% year-on-year rise in net profit to ₹154.8 crore for the June quarter, while revenue from operations declined 6% year-on-year to ₹2,259.5 crore.
JSW Dulux
JSW Dulux reported a 12.42% YoY decline in net profit to ₹79.7 crore in Q1FY27, compared with ₹91 crore in Q1FY26.
The company's revenue during the quarter declined 2.8% year-on-year to ₹965 crore from ₹993.1 crore in Q1FY26.
Bajaj Electricals
Bajaj Electricals has appointed Krishnan Sundaram as Chief Growth & New Business Officer, effective August 11, 2026.
Manappuram Finance
Gold-loan financier Manappuram Finance reported a net profit of ₹584.5 crore for the first quarter, compared with ₹138.3 crore in Q1FY26.
The company's net interest income (NII) surged 28.1% YoY to ₹1,723.8 crore in Q1FY27 from ₹1,345.3 crore in Q1FY26.
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Landmark Cars
Landmark Cars reported a 98.63% YoY rise in net profit to ₹14.5 crore in Q1FY27, compared with ₹7.3 crore in Q1FY26.
The company's revenue during the quarter increased 22.7% YoY to ₹1,302.3 crore from ₹1,061.7 crore, while EBITDA rose 17.9% to ₹72 crore from ₹61 crore.
Q1 results today
Shares of Hindustan Aeronautics, Grasim Industries, Tata Motors, Apollo Hospitals Enterprise, GMR Airports, Lenskart Solutions, Petronet LNG and Indian Railway Catering & Tourism Corporation will be in focus as the companies are scheduled to announce their first-quarter results today.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
