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Prime Minister Narendra Modi on Monday (July 21) said that the Parliament’s monsoon session is going to be filled with pride and will be India’s “vijay utsav”, while hailing the Indian Armed Forces’ achievement during Operation Sindoor and Shubhanshu Shukla’s mission to the International Space Station (ISS).

Mastek Ltd posted a strong set of numbers for the first quarter of FY26, with net profit rising 28.7% year-on-year to ₹92 crore, compared to ₹71.5 crore in Q1FY25.

Gold prices stayed flat on Monday (July 21) as global investors wait for fresh triggers. Spot gold traded at $3,352.19 per ounce at 2:50 AM GMT.

The initial public offering (IPO) of PropShare Titania, a scheme under the Property Share Investment Trust, opened for subscription on Monday, July 21, and will close on July 25.

Suparna Banerjee Bhattacharyya resigns as the CFO of the company with effect from July 21, 2025.

Market Watch: Mitessh Thakkar, Technical Analyst

The rupee depreciated 20 paise to 86.36 against the US dollar in early trade on Monday (July 21), weighed down by the overall strength of the American currency in the overseas market and a negative trend in domestic equities.

From Reliance Industries to MRPL and AU Small Finance Bank, these 10 stocks are currently seeing a negative reaction to their earnings.

Shares of Anthem Biosciences Ltd. made a decent Dalal Street debut on Monday, July 21. The company’s shares listed at ₹723.10 on the BSE, reflecting a premium of 26.85% over the issue price of ₹570. #JustIn | L&T Energy to set up #GreenHydrogen plant at IOC Panipat refinery in Haryana, says L&T pic.twitter.com/Pa7WiLkiwU

— CNBC-TV18 (@CNBCTV18Live) July 21, 2025

The shares of Reliance Industries declined by over 2.5% on Monday after Q1 results.

Consolidated net profit stood at ₹26,994 crore, with a 279% YoY jump in other income aided by the Asian Paints stake. Jio added 9.9 million subscribers, crossed 212 million 5G users, and saw ARPU rise to ₹208.70. Retail revenue rose 11.3% YoY to ₹84,171 crore, with JioMart daily orders up 175% YoY. O2C EBITDA grew 10.8% YoY.

The Nifty index, after starting the day on a positive note, has failed to hold the 25,000 mark, falling below 24,900.

None of the 49 analysts who have coverage on HDFC Bank Ltd., India’s largest private lender, have a “sell” recommendation on the stock, after its June quarter results, which were reported on Saturday, July 19. #CNBCTV18Market | Bandhan Bank down nearly 3% post Q1 results pic.twitter.com/vUvOAos9dd

— CNBC-TV18 (@CNBCTV18Live) July 21, 2025

Market Watch: Prakash Diwan, Market Expert

On JK Cement & India Cements: I would go with something which is more tested and tried like JK Cement compared to India Cements on the basis of earnings at least, and I continue to like some of the other names like Shree Cement, ACC also because those are much more resilient plays once the industry starts getting rerated on the volumes.

Karan Taurani, EVP, Elara Capital on Jio: The key thing to watch out here, in terms of numbers, would be the performance of JioMart. So JioMart, on a small base, has grown well, they continue to focus in terms of the non-metro market. Quick commerce will scale up in the non-metro markets also eventually, and there JioMart could have an edge. Execution is a key here in terms of how they execute JioMart through the network of Reliance Retail, because they’ve got more than 2,000 grocery stores. That’s one category which is very important in terms of how things pan out from here on. In terms of the other digital businesses, if you look at the white goods business, if you look at Ajio, they stay double digit, and the momentum continues over there.

Gaurav Malhotra, Exec Dir, Axis Cap on Jio: Jio was a very good set of numbers. If you see across the board the net additions are very strong, the highest across the industry. ARPU, there was an uptake, both on the fact that this quarter had one additional day, but there was also some premiumisation happening. Fixed Wireless Access (FWA) that is going very good. The company has almost an 80% market share there. Lastly, on the operating side, also, we also saw a healthy margin expansion. On the whole, there’s nothing to complain about, the stock, the company is doing quite well, both across operating as well as financial parameters.

Probal Sen, Energy Analyst, ICICI Sec on O2C: The impact of the 21-day shutdown was perhaps underestimated to a certain extent. If you look at petrochemicals, in fact, quarter-on-quarter (QoQ), most of the product spreads have improved. Even in refining, there seems to be a little bit of traction because of diesel inventories being lower than the US driving season, likely to provide some incentive. I think long-term prospects remain a bit uncertain. Nobody knows where the cycle will end up, both in refining and petchem. But as far as this quarter’s numbers go, people will shrug it off because there was a one-off. And what would be more interesting is to see the second and third quarter numbers. If there is some recovery that happens in refining as well as petchem remaining steady itself, it will provide some traction. So, I wouldn’t be too worried about the miss, at least in this quarter.

Several important names like UltraTech Cement, IDBI Bank, Eternal, PNB Housing Finance, UCO Bank, Latent View Analytics, and Havells India are set to report their results today. Shares of Reliance Industries, HDFC Bank and ICICI Bank, will also be in focus after the companies reported their quarterly results for the April-June period. Follow CNBC-TV18’s live blog for the latest updates on Q1 results today.

Market Watch: Sudarshan Sukhani, Technical Trends

Buy TVS Motor with a stop loss of ₹2,690

Buy Manappuram Finance with a stop loss of ₹266

Buy Godrej Properties with a stop loss of ₹2,300

Market Watch: Mitessh Thakkar, Technical Analyst

Buy Dalmia Bharat for a target price of ₹2,340 with a stop loss of ₹2,218

Buy Bajaj Finance for a target price of ₹980 with a stop loss of ₹929

Sell HUDCO for a target price of ₹217 with a stop loss of ₹230.50

Sell Icici Prudential Life for a target price of ₹610 with a stop loss of ₹644

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