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Sensex Today | Stock Market LIVE Updates: Nifty falls 160 points; Axis Bank, SBI Life among losers

Published on 18/07/2025 11:09 AM

Inder Jaisinghani, CMD and Gandharv Tongia, ED & CFO of Polycab, On CNBC-TV18

Arnab Banerjee, MD & CEO, Ceat On CNBC-TV18

Reliance Retail acquires Kelvinator

Puneet Chhatwal, MD & CEO, The Indian Hotels Company On CNBC-TV18

Amit Purohit, Vice President of Elara Securities, expects rural growth to pick up with a better monsoon and outpace urban demand.

He prefers FMCG stocks like Marico, Godrej Consumer, and Tata Consumer, citing strong growth outlooks and reasonable valuations.

Amit Purohit of Elara Securities on CNBC-TV18

Shares of LTIMindtree Ltd. opened with gains of 1% on Friday, July 18, after the IT services company posted decent Q1FY26 results, broadly in line with Street estimates. However, the stock soon erased its gains, falling 3% from the opening highs to hit a day’s low of ₹5,078.05.

 

Mutual funds played a significant role for individual investors. Large diversified equity funds such as HDFC Flexi Cap Fund, Franklin India Flexi Cap Fund, and Aditya Birla Sun Life Flexi Cap Fund delivered annualised returns between 16% and 17% over two decades.

 

Workplace solutions provider IndiQube Spaces Ltd. has announced the price band for its ₹700 crore initial public offering (IPO), which will open for subscription on July 23 and close on July 25.

 

Market Watch: Mitessh Thakkar, Technical Analyst

Buy Manappuram Finance with a stop loss of ₹270 and a target of ₹285

Sell Max Healthcare with a stop loss of ₹1,240 and a target of ₹1,185

 

 

 

 

 

Shares of Clean Science and Technology fell up to 7% on Friday, July 18, after the company announced its June quarter results.

Investors also reacted to management’s comments about a possible stake sale.

Read Full Article

AS Lakshminarayanan, MD & CEO of Tata Communications, told CNBC-TV18 that while macro and SAARC market challenges persist, the company expects strong digital and data-led growth.

With a solid order book and rising demand in cloud and security, the focus is on reaching EBITDA neutrality by FY27–28.

AS Lakshminarayanan of Tata Communications On CNBC-TV18:

Nifty slips below 25,000 for the first time since June 24, 2025

Axis Bank, SBI life, Bharti Airtel & BEL are the top Nifty losers

 

Pratik Gupta, CEO & Co-Head of Kotak Institutional Equities, shared a cautious market outlook on CNBC-TV18, citing expensive valuations and weak earnings, but expressed hope for a recovery in the second half of the year.

The shares of Shoppers Stop surged after the company announced its Q1 results.

Shoppers Stop Q1 Results

Ajit Kumar, Lead-BFSI Research Analyst at JM Financial Institutional Securities, said Axis Bank‘s Q1 FY26 results were disappointing, mainly due to asset quality issues with ₹2,500 crore in additional slippages, though over 80% are secured and likely to see recovery later.

Operational metrics like loan growth and NIM were in line, and PPOP beat estimates due to treasury gains.

Despite the weak quarter, valuations are attractive, and JM Financial maintains a Buy with a ₹1,000 target, advising to buy the dip.

The shares of cable and wire company RR Kabelsurged by 3% on Friday. The marked the 5-straight session of gains for the company shares.

Wipro is hoping new deals will lead to a stronger second half of the fiscal year. Srini Pallia, the company’s newly appointed CEO, highlighted that the IT major clocked $5 billion in total bookings in quarter one, including $2.75 billion in large deals.

 

The shares of SP Group’s Afcons Infra rose after the company announced that it has been declared the Lowest Bidder (L1) in two different packages by Croatian Motorways Ltd for Construction of Roads – Package J324/23 and Package -J325/23 in the Republic of Croatia.

 

Tatva Chintan Pharma‘s shares rose by up to 12% on Friday, July 18, after it was revealed that a well-known investor had taken a stake in the company.

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The shares of Polycab surged by over 2% after the company announced its Q1 results.

Polycab Reports Earnings

Metal shares are up today, and Jindal Stainless stands out with its stock rising by almost 3%, showing strong buying interest in the sector.#CNBCTV18Market | Metal stocks higher, #JindalStainless up nearly 3% pic.twitter.com/OQl5b7uYb3

— CNBC-TV18 (@CNBCTV18Live) July 18, 2025

 

The shares of IT giant Wipro rose after its Q1 results.

Wipro Reports Results

The shares of Ceat declined after it reported it’s Q1 results

CEAT Q1 Results

Axis Bank‘s shares dropped over 5% after it reported disappointing April to June quarter of 2025 (Q1FY26) results.

The bank also showed a decline in asset quality, raising concerns among investors.

Clean Science Q1 Results 

Market opens largely lower, Nifty nearly below 25,100, NiftyBank down over 300 pts

 #AWLAgriBiz Large Trade | 13.5 cr shares (10.4% eq) change hands in block deal window pic.twitter.com/wtntqx2ESV

— CNBC-TV18 (@CNBCTV18Live) July 18, 2025

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