Nifty, Sensex Pause; Micro Caps Correct Sharply: Tuesday Market Report
Moneylife Digital Team 28 July 2026
On Tuesday, 1,625 stocks advanced, 2,630 declined and 182 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.61 indicating a negative closing.
 
The trend of the major indices on Tuesday’s trading is given in the table below. 
 
 
On NSE, 63 securities advanced and closed at a new 52-week high whereas 55 securities sank to close at their new 52-week lows. Nifty IT, Nifty Auto and Nifty Pharma were among the biggest gainers. Nifty India Defence, Nifty Energy and Nifty FMCG were among the biggest losers.
 
Pace Digitek (-1.98%) announced that its subsidiary, Lineage Power Pvt Ltd, had manufactured 300 utility-scale Battery Energy Storage System containers, representing around 1.5 GWh capacity. The company augmented its 2.5 GWh capacity with an additional 2.5 GWh expansion and planned a new 5 GWh facility with in-house container fabrication to improve cost efficiency.
 
Dilip Buildcon (-1.37%) emerged as the lowest bidder for a ₹2,524.32 crore water infrastructure project floated by the Chhattisgarh Government, involving the design, construction, commissioning, and operation of the Sikasar to Kodar Reservoir Link Canal pipeline, scheduled for completion within 30 months.
 
Embo Global Industries Ltd formed a strategic joint venture with JR-UAV Europe and JR PROPO to develop and manufacture advanced UAVs and autonomous systems in India, supporting technology transfer, localisation, and export-oriented manufacturing aligned with the Atmanirbhar Bharat initiative.
 
Tata Teleservices (Maharashtra) (-1.27%) and Tata Communications launched a unified AI platform for Indian SMBs, combining AI-powered voice technology and extensive SMB reach to offer scalable, affordable AI virtual assistant solutions across multiple industries.
 
Infosys (+2.46%) migrated NTN Corporation’s SAP Commerce e-commerce platform to SAP Commerce Cloud 2211 using Infosys Cobalt, enhancing maintenance, reliability, and cost efficiency; the project strengthened Infosys’s presence in Japan's market.
 
Larsen & Toubro  (+0.68%) secured offshore wind orders worth over ₹15,000 crore in consortium with Hitachi Energy, supporting TenneT’s 2 GW HVDC offshore wind program across the Netherlands and Germany with associated offshore infrastructure.
 
Meghna Infracon Infrastructure (-1.43%) completed the Riviera redevelopment project in Mumbai within 16 months, delivering 40,000 sq ft of residential space along with additional amenities, reinforcing its reputation as a timely redeveloper.
 
TVS Motor Company (+3.02%) increased its stake in TVS Credit Services Ltd by acquiring 4.39% equity for ₹711 crore, raising its ownership to 85.15%, thereby consolidating its financial services business.
 
HDFC Bank (-0.56%) concluded an internal review on a deposit arrangement with MSRDC, finding employee business overreach but no fraudulent intent; disciplinary actions included warning letters and fines on senior executives.
 
Larsen & Toubro (+0.68%) secured a ₹5,000-10,000 crore order for a large-scale housing redevelopment project in Mumbai involving 26 high-rise towers using precast construction technology.
 
Epigral (+1.17%) approved ₹600 crore capital expenditure to expand into epoxy resin and formulations manufacturing with a 1,25,000 TPA capacity facility and a Multi-Purpose Plant, expected by second half FY28, leveraging backward integration.
 
Earnings 
Equitas Small Finance Bank (-5.53%) net profit rose to ₹184 crore from a loss of ₹224 crore Y-o-y; NII increased 31% Y-o-y to ₹1,029.4 crore.
 
Pine Labs (+2.69%) net profit surged 308.6% Y-o-y to ₹19.57 crore; revenue grew 19.7% Y-o-y to ₹736.92 crore; EBITDA margin expanded to 12.9%.
 
Cholamandalam Investment (-1.80%) net profit rose 45.6% Y-o-y to ₹1,653.59 crore; revenue increased 22.2% Y-o-y to ₹8,833.38 crore.
 
Dwarikesh Sugar Industries (-2.59%) net loss widened to ₹25.73 crore from ₹9.38 crore; revenue fell 11.7% Y-o-y to ₹358.13 crore.
 
City Union Bank (+7.54%) net profit increased 25.1% Y-o-y to ₹382.57 crore; interest earned rose 23.7% Y-o-y to ₹1,984.99 crore.
 
Ambuja Cements (-1.15%) net profit declined 37% Y-o-y to ₹580 crore; revenue fell 8% Y-o-y to ₹9,474 crore; EBITDA margin narrowed to 16.8%.
 
Radico Khaitan (+3.38%) net profit climbed 75.9% Y-o-y to ₹229.60 crore; revenue rose 10.4% Y-o-y to ₹5,867.69 crore.
 
Pfizer (+0.39%) net profit grew 6.7% Y-o-y to ₹205 crore; revenue increased 8.3% Y-o-y to ₹653 crore; EBITDA margin improved to 38%.
 
Century Enka (+3.88%) net profit surged 301% Y-o-y to ₹61.7 crore; revenue increased 38% Y-o-y to ₹554.3 crore; EBITDA margin expanded to 15.48%.
 
Deep Industries (-1.84%) net profit rose 45.1% Y-o-y to ₹85.4 crore; revenue grew 39.8% Y-o-y to ₹279 crore; EBITDA margin narrowed to 38.8%.
 
Bank of India net profit increased 36% Y-o-y to ₹3,068 crore; NII grew 13% Y-o-y to ₹6,833 crore; asset quality improved.
 
Suzlon Energy (-9.65%) net profit declined 5.9% Y-o-y to ₹305.22 crore; revenue rose 22.5% Y-o-y to ₹3,819.36 crore; EBITDA margin narrowed to 15.5%.
 
Varun Beverages (-7.43%) net profit grew 15.5% Y-o-y to ₹1,521 crore; revenue increased 21% Y-o-y to ₹8,650.5 crore; EBITDA margin at 27.1%.
 
Hindustan Unilever (-6.99%) net profit fell slightly to ₹2,673 crore; turnover rose to ₹17,184 crore; EBITDA margin narrowed to 22.76%.
 
Coforge (+10.31%) net profit rose sharply Y-o-y to ₹518.6 crore; revenue increased 21.1% QoQ to $592.2 million; organic growth at 1.1%.
 
Gravita India  (-8.40%) net profit increased 14.3% Y-o-y to ₹106.37 crore; revenue rose 41.8% Y-o-y to ₹1,475.06 crore.
 
Senores Pharma (-6.24%) net profit rose 56% Y-o-y to ₹31 crore; revenue increased 36% Y-o-y to ₹180 crore; EBITDA margin improved to 30%.
 
RR Kabel (-2.04%) net profit surged 128% Y-o-y to ₹205.2 crore; revenue grew 54% Y-o-y to ₹3,168 crore; EBITDA margin expanded to 8.9%.
 
PNG Jewellers net profit rose 51.9% Y-o-y to ₹105.3 crore; revenue increased 40.7% Y-o-y to ₹2,413 crore; EBITDA margin at 7.56%.
 
SBI Cards (+1.53%) net profit grew 19.4% y-o-y to ₹664 crore; total income up 3.4% Y-o-y to ₹5,205 crore; asset quality improved.
 
 
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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