Markets witnessed profit booking on Tuesday, declining over a percent amid weak global trend. Technically, analysts say the lack of follow-through buying in the Nifty near the 100-day EMA hurdle placed at 24,150 reaffirms the cautious undertone and expiry-related positioning. The index is now approaching a crucial support zone in the 23,750–23,650 range, which coincides with the 20-day EMA and a recent gap area.
In today's trade, shares of Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, Infosys among others will be in focus due to various news developments.
Vedanta
Twin Star Holdings, one of the promoter entities of Vedanta Ltd, on Tuesday sold 6.51 crore shares of the mining and metals company through a block deal worth about Rs 1,896 crore. According to exchange data, Twin Star Holdings sold 6,50,72,990 shares at a price of Rs 291.36 apiece. The transaction was valued at Rs 1,895.97 crore.
Honasa Consumer
Honasa Consumer, the parent company of beauty and personal care brands such as Mamaearth and The Derma Co, will acquire 58% stake in nutraceuticals firm Fluence Pharma at an enterprise value of Rs 135 crore, as per a joint statement.
Bajaj Auto
Bajaj Auto on Tuesday disclosed that it was hit by a ransomware attack that affected the systems of the company and its wholly owned subsidiary, Bajaj Auto Technology Ltd (BATL), prompting an immediate response from its technical teams and cybersecurity experts.
IRCTC
Indian Railway Catering and Tourism Corporation (IRCTC) Chairman and Managing Director Sanjay Kumar Jain has resigned on personal grounds, with the Ministry of Railways approving his exit with effect from July 20, 2026, according to a stock exchange filing by the company on Tuesday.
Indian Oil
On Tuesday, state-run NLC India Limited (NLCIL) announced that it has partnered with Indian Oil Corporation Limited (IOC) to create a joint venture to develop large-scale green energy projects in the state of Tamil Nadu.
Tata Motors
Tata Motors' commercial vehicle business has outlined an ambitious roadmap for the next two years, targeting double-digit EBITDA margins, free cash flow of 7-9% of revenue and annual investment spending of 2-4% of revenue by FY2028 as it pursues global expansion, electrification and higher-margin digital businesses.
Kotak Mahindra Bank
Kotak Mahindra Bank is looking for acquisitions, including loan portfolios, while further expanding into alternative assets and other non-banking businesses, its chief executive said, as the Indian lender looks to deploy excess capital to drive growth.
Infosys
Asserting that artificial intelligence will not replace IT firms but rather "amplify" them, Infosys co-founder and Chairman Nandan Nilekani on Tuesday said the company is keen to tap into a massive USD 400 billion AI-first services opportunity by 2030.
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