Sensex down 270 pts; Nifty near 25,100; Ola up 5% after Q1; Anand Rathi soars 7%

Indian stock markets were lower on Monday, tracking feeble global cues as US President Donald Trump slapped 30 per cent tariff on imports from the European Union and Mexico, effective from August 1. That apart, nervousness amid the June quarter (Q1FY26) earnings season also kept sentiment in check.

The BSE Sensex index extended weakness to trade around 82,235 level, down 265 points or 0.32 per cent, while the Nifty index quoted at 25,081, down 69 points or 0.27 per cent.

Bajaj Finance, Infosys, Tech M, Bharti Airtel, HCL Tech, Bajaj Finserv, Asian Paints, and Tata Motors were the top losers on the Sensex, down up to 2 per cent.

On the upside, Sun Pharna, Trent, Power Grid, NTPC, SBI, and M&M were the top gainers, rising up to 0.7 per cent.

In the broader markets, Nifty Midcap 100 and Smallcap index were up 0.59 per cent and 0.87 per cent respectively.

Among sectors, the Nifty IT index fell 1 per cent, followed by the Nifty FMCG index. On the upside, the Nifty PSU Banks index rose 1.5 per cent, followed by the Nifty Media index (0.6 per cent).

Q1 results today

HCL Technologies, Authum Investment & Infrastructure, Tata Technologies, Ola Electric Mobility, Tejas Networks, Rallis India, Sambhv Steel Tubes, NELCO, and Den Networks among others will announce their Q1FY26 results today.