While brokerages called Bajaj Finance's Q1 performance spectacular, they remain dividend on the stock price performance amid valuation concerns.
Technical analysts flag that Nifty ranged between 23,600-24,600 after the initial rally in FY27; however, select momentum indicators show improvement for the BSE, NSE benchmark indices on charts.
Among sectoral indices, the BSE IT surged 16% followed by Consumer Durables (9%), Realty (8%) and Auto (6%). On the flip side, Capital Goods and Power indices declined 7% and 6%, respectively.
Stocks to watch today: Tata Steel, Tata Power, ITC, Sun Pharma, Swiggy, IOCL, IRFC, Maruti Suzuki, Bajaj Finance, JBM Auto, LIC Housing Finance, Hyundai Motor, among others, will be in focus today
FIIs' long-to-short ratio in the Index futures is placed at an oversold level of 0.10, suggesting a higher possibility of short covering from their side in the days to come.
In the last 11 years, the Sensex has ended August higher 6 times, with an average gain of 3.42 per cent, and lower 5 times, with an average decline of 2.71 per cent.
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.35 per cent and 0.56 per cent down, respectively
MTAR Technologies' profit after tax (PAT) in Q1 FY27 surged 364 per cent Y-o-Y to ₹50.2 crore as against ₹10.8 crore in Q1 FY26.
Mahindra & Mahindra on Thursday reported 33.6% YoY growth in consolidated net profit, backed by 26.6% increase in revenue from operations for Q1FY27.
The company said that despite benign gold prices in the June quarter, volume in gold segments of business was relatively lower, hit by a steep increase in import duty.
Maruti Suzuki, which manufactures SUVs and modern electric vehicles like the Dzire, Wagon R, and Swift, will post its Q1 FY27 results on Friday, July 31.
Among others, Manappuram Finance, Marico, Radico Khaitan, Redington, Welspun Corp, Laurus Labs and Sai Life Sciences also touched respective all-time highs in trade on Thursday.
Waaree Energies share price: Post Q1 results, JM Financial has reiterated an 'Add' rating with an unchanged target price of ₹3,296.
Adani Ports share price declined 6% in the last two trading sessions after the company reported 10% growth in Q1 net profit. Earlier this month, the stock hit a record high at ₹1,891.
Dabur India reported a 15 percent year-on-year increase in its consolidated net profit to ₹591 crore
Driven by price hikes of around 12 per cent during the quarter, Asian Paints posted a 40 per cent Y-o-Y growth in its net profit to ₹1,539 crore.
The debut was ahead of grey market expectations. Before the listing, Indo-MIM IPO's GMP was ₹187 per share, or 38.56 per cent.
Redington reported 76% YoY growth in Q1 consolidated net profit, backed by a record revenue of ₹34,966 crore in the June 2026 quarter. The stock has surged 77% from its 52-week low in 4 months.
Shares of the IT solutions provider listed at ₹136.30 on the NSE, a premium of ₹9, or 7 per cent, over the issue price of ₹127 per share.
Analysts said long-term investors may consider holding Lohia Corp shares post listing, citing its strong market leadership and favourable industry dynamics that could drive sustained value creation.