SML Mahindra Gained 20%, MTAR Tech Surpassed Its Orderbook Target, US Fed Left Rates Unchanged
- Share.Market
- 11 min read
- 30 Jul 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Nifty 50 and Sensex closed with gains for the second day in a row, although broader markets underperformed today. The U.S. Federal Reserve left interest rates unchanged while monitoring renewed tensions in the Middle East that lifted oil prices. Gold was at ₹1,42,401 per 10g while silver was at ₹2,16,566 per 1kg.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
SML Mahindra
SMLMAHSML Mahindra’s shares hit a 20% upper circuit for the second straight day after Mahindra & Mahindra’s board approved the sale of its truck and bus business to its subsidiary for ₹525 crore, as it looks to consolidate its commercial vehicle business under a single entity.
Balkrishna Industries
BALKRISINDBalkrishna Industries shares rose over 11% after strong Q1FY27 earnings, with a net profit increase of 56.4% YoY to ₹451 crore. Its revenue grew 25% YoY to ₹3,455 crore. The board declared a first interim dividend of ₹4 per share with August 4 as the record date.
Redington
REDINGTONRedington, Apple’s official reseller, gained 18% during early trades today, after the company’s consolidated profit after tax (PAT) grew 77% in Q1 FY27 as against ₹275 crore in the same period last year. This growth is more than twice as much as its revenue from operations, which grew by 35% to ₹34,922 crore in Q1FY27, as compared to ₹25,952 crore on a year-on-year (YoY) basis, marking the highest-ever quarterly revenue.
MTAR Technologies
MTARTECHMTAR Technologies was locked in the 5% upper circuit after winning more orders in Q1 than all of FY26. Its order book stood at ₹5,143.3 crore at the end of the June quarter, surpassing the ₹5,000 crore closing order book target it had set for the end of FY27. It reported a 348% year-on-year jump in June-quarter net profit to ₹50.2 crore, while revenue more than doubled to ₹360 crore.
Maruti Suzuki
MARUTIMaruti Suzuki India has commenced commercial production at the fourth plant of its Hansalpur facility in Gujarat. The new plant, with an annual production capacity of 250,000 units, began operations and will initially manufacture the company’s battery electric vehicle, the e VITARA. This is its first manufacturing facility globally to achieve an annual production capacity of 1 million vehicles at a single location. It is also India’s largest passenger vehicle manufacturing facility at one site.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 28 Jul 2026 | 2,981.87 | 998.02 |
| 28 Jul 2026 | 755.33 | 1,664.16 |
| 27 Jul 2026 | -1,688.23 | 2,329.14 |
| 24 Jul 2026 | -3,892.77 | 5,453.55 |
| 23 Jul 2026 | -2,999.23 | 2,947.14 |
| Month-to-Date | 7,488.98 | 72,673.91 |
What’s Happening Beyond Markets?
- In a 9-3 vote, the Fed decided to leave rates unchanged in the 3.5%-3.75% range. Warsh signalled that future hikes weren’t ruled out to combat inflation.
- Commerce and Industry Minister Piyush Goyal said India expects the first tranche of its Bilateral Trade Agreement (BTA) with the United States to come into force once Washington ensures India enjoys a tariff advantage over competing exporters in neighbouring countries and the ASEAN region.
- The Finance Ministry’s July Economic Review says higher oil prices, Gulf tensions, AI and the weaponisation of supply chains could pose fresh risks to India’s economy, arguing that faster policy implementation will be key to boosting resilience and attracting investment.
- The Government of India has imposed stockholding limits on sugar dealers across the country from August 1 to November 30, saying the move is aimed at preventing hoarding, keeping sugar prices under control, and ensuring adequate supplies for consumers.
- The US Senate has advanced a Russia sanctions bill that could let President Donald Trump impose tariffs of up to 100% on major buyers of Russian oil, including India, if it becomes law.
How to Save Tax Legally in India
Corporate Actions
Ex Date and Record Date: 03 Aug 2026
To qualify for a dividend, investors must buy shares before the ex-dividend date. This accommodates the trade settlement period, ensuring that they are officially registered as shareholders by the record date.
| Stock | Event Type | Details |
| Coforge Ltd. | Interim Dividend | ₹4.00 per share |
| ICICI Bank Ltd. | Dividend | ₹12.00 per share |
| Transrail Lighting Ltd. | Interim Dividend | ₹3.00 per share |
IPO Corner: Mainboard
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Issue Price | Minimum Investment | Subscription Status |
| Manipal Health Enterprises Ltd. | 29 to 31 Jul, 2026 | ₹9,275 Cr | ₹560 to ₹590 | ₹14,000 | 0.45x subscribed |
| Juniper Green Energy Ltd. | 30 Jul to 03 Aug, 2026 | ₹1,800 Cr | ₹214 to ₹225 | ₹14,124 | 0.36x subscribed |
| MV Electrosystems Ltd. | 30 Jul to 03 Aug, 2026 | ₹290 Cr | ₹400 to ₹425 | ₹13,600 | 3.63x subscribed |
Upcoming Results (Nifty 500 Stocks) – July 30, 2026
Sun Pharmaceutical Industries Ltd.
Bajaj Holdings & Investment Ltd.
Dixon Technologies (India) Ltd.
National Aluminium Company Ltd.
Gujarat Mineral Development Corporation Ltd.
Century Plyboards (India) Ltd.
Leela Palaces Hotels & Resorts Ltd.
Aptus Value Housing Finance India Ltd.
Jupiter Life Line Hospitals Ltd.
Back to Basics
Terms that put you one step ahead – every day
Portfolio Management in Investment: Meaning, Types & Process
Portfolio management is much more than just picking hot stocks. It’s the ongoing process of building, balancing, and fine-tuning a mix of investments—like equities and debt—to reach your financial goals without taking on unnecessary risk.
At its core, it boils down to answering three basic questions: what to buy, when to buy, and how much to buy. By spreading your money across different asset classes, professional managers make sure one bad investment won’t drag down your entire nest egg when the market gets bumpy. Read more
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
