Nifty Extends Losing Streak to Fifth Session Amid Middle East Tensions – Monday Market Report
Moneylife Digital Team 17 August 2026
On Monday, 2027 stocks advanced, 2417 declined and 236 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.84 indicating a negative closing. The trend of the major indices on Monday’s trading is given in the table below.  
 
 
On NSE, 127 securities advanced and closed at a new 52-week high whereas 96 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Media, Nifty IT and Nifty Auto were among the biggest gainers.
 
Yes Bank (+1.10%) faced challenges after ₹281.44 crore bank guarantees were invoked by the Department of Telecommunications, related to a borrower undergoing insolvency proceedings since 2018.
 
Apollo Micro Systems (-1.65%) received final SEBI comments on its open offer to acquire a 26% stake in Premier Explosives, aiming to expand in explosives and defence sectors.
 
Aurobindo Pharma (+0.31%) Raleigh plant was classified as “Voluntary Action Indicated” by USFDA, allowing regulatory review of pending inhaler applications to proceed.
 
Sun Pharmaceutical Industries (-2.49%) won a crucial US legal battle ending antitrust litigation related to a 2008 patent settlement with Pfizer, removing a long-standing legal overhang.
 
Saatvik Solar signed an MoU with Odisha’s IPICOL to establish a 3.6 GW solar cell manufacturing plant at Gopalpur, enhancing renewable energy infrastructure.
 
Paisalo Digital (-1.57%)  ₹300 crore NCD issue was fully subscribed ahead of schedule, marking the first tranche of a ₹900 crore programme to diversify funding.
 
Larsen & Toubro (+0.73%) LTEH Offshore secured a major ultra-mega order in the Middle East for offshore facilities, leveraging its integrated manufacturing capabilities.
 
EFC (I) (-3.23%) expanded its managed office portfolio in Pune with a new 95,897 sq ft facility, expected to generate revenue exceeding ₹70 crore over five years.
 
Ola Electric (+1.27%) launched its ‘Shakti’ energy storage portfolio, including residential solutions priced at ₹99,999 and ₹1,74,999, with deliveries planned from November 2026.
 
Lupin received (+1.07%) USFDA approval for Pitolisant tablets, expanding its US portfolio with this bioequivalent product to Wakix.
 
EMS Limited was awarded the lowest bidder status for a ₹129.80 crore sewerage project in Jodhpur, scheduled for completion over 24 months.
 
Greaves Cotton (+0.33%) acquired the remaining 20% stake in Excel Controlinkage, making it a wholly owned subsidiary to strengthen its motion control systems business.
 
Apollo Micro Systems (-1.65%) secured ₹80.84 crore in orders from Defence PSUs, state governments, and private industries, reinforcing its market position.
 
Clean Max Enviro Energy (-0.81%) approved the sale of shares in two subsidiaries to unrelated parties, ensuring arm’s length transactions as per SEBI regulations.
 
Thyrocare Technologies (-0.87%) released a pledge on 7.95 crore shares following full redemption of ₹1,050 crore NCDs by its holding company, removing encumbrances.
 
CG Power (+0.97%) acquired Tosil Systems for ₹16.44 crore through subsidiary Axiro Semiconductor, enhancing semiconductor and embedded services capabilities.
 
Kernex Microsystems (-13.46%) updated on its CLW contract, with 1,360 out of 3,024 units supplied and full dispatch expected by November 2026, followed by warranty and AMC revenue opportunities.
 
Zee Entertainment (+2.53%) received interim relief from SAT allowing dividend distribution and proceeding with a ₹3,143 crore preferential warrant issue despite SEBI restrictions.
 
Kalpataru Projects International (+3.85%) secured ₹3,526 crore in new orders across power transmission, industrial, and building sectors, crossing ₹11,000 crore in FY27 order intake.
 
PB Fintech (-0.74%) subsidiary Policybazaar received an IRDAI show cause notice and advisory following an inspection, with no material monetary impact or penalties currently.
 
Earnings 
Zaggle Prepaid (-20.00%) reported a net profit decline of 33% y-o-y to ₹17.5 crore in Q1FY27, down from ₹26.1 crore. Revenue increased 27.5% to ₹423 crore from ₹332 crore in the same quarter last year
 
Fertilisers and Chemicals Travancore (-1.79%) reported a standalone net loss of ₹61.94 crore for the quarter ended June 2026, swinging from a net profit of ₹4.28 crore y-o-y. Revenue from operations rose 20.2% to ₹1,253.40 crore, but higher input costs caused the loss.
 
CCL International (-1.92%) posted a standalone net loss of ₹0.46 crore for the same quarter, down from a net profit of ₹0.57 crore y-o-y. Revenue from operations fell 27% to ₹6.28 crore, with costs not decreasing proportionally
 
NMDC (+1.30%) reported a consolidated net profit of ₹1,976.33 crore, nearly unchanged y-o-y. Revenue edged up 0.8% to ₹6,795.25 crore, while royalty and levies surged 30.4%, absorbing much of the revenue growth.
 
Voltas (-4.05%) posted a consolidated net profit of ₹21.4 crore, up 51.8% y-o-y, driven by a strong summer and higher room air conditioner sales. Revenue increased 17.4% to ₹4,623 crore.
 
PhysicsWallah (+2.43%) recorded a consolidated net loss of ₹88 crore, narrower than ₹127 crore y-o-y, with revenue rising 24% to ₹1,054 crore. The company turned EBITDA positive at ₹52 crore from a loss last year.
 
Cochin Shipyard (-2.59%) reported a consolidated net profit of ₹151.45 crore, down 19.4% y-o-y despite a 2.4% revenue rise to ₹1,094.21 crore. The decline was mainly due to higher costs.
 
Lux Industries (+1.76%) posted a consolidated net profit of ₹23.10 crore, nearly flat y-o-y, while revenue was broadly unchanged at ₹609.03 crore. EBITDA increased 19.2% with a margin expansion.
 
Puravankara (+3.84%) swung to a consolidated net profit of ₹25.23 crore from a net loss of ₹68.55 crore y-o-y. Revenue rose 61.8% to ₹848.72 crore, with EBITDA nearly tripling.
 
Natco Pharma reported a sharp 57% y-o-y decline in net profit to ₹206.5 crore. Revenue dropped 44.7% to ₹735.2 crore, alongside a contraction in EBITDA.
 
Bharat Dynamics (-1.29%) posted a strong performance with net profit surging to ₹118.8 crore, more than six-fold y-o-y. Revenue more than doubled to ₹572.2 crore, supported by a positive EBITDA turnaround.
 
Ashok Leyland (+3.18%) recorded a modest 2.59% y-o-y net profit increase to ₹609 crore, with revenue growing 10.4% to ₹9,634 crore. Operating margin contracted compared to last year.
 
Anupam Rasayan India (-1.03%) reported a 14% y-o-y rise in consolidated net profit to ₹38.64 crore on a 35% revenue increase to ₹654.98 crore. EBITDA grew about 30%, though margins slipped slightly.
 
Olectra Greentech (+0.24%) consolidated net profit declined marginally by 0.4% y-o-y to ₹25.9 crore, while consolidated revenue surged 66% to ₹576 crore.
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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