Stock Market Highlights: Sensex rises 350 pts, Nifty ends above 25,200; bulls return after 4-day slide

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Vaibhav Sanghavi, CEO of ASK Hedge Solutions, said, “Maybe a time for some amount of consolidation on the market is probably on the cards,” citing lack of strong earnings and global cues.

Two-wheelers | Focus on the mass segment

Sanghavi added, “From a two-wheeler perspective… the cheaper motorbikes will start to incrementally do better from here onwards as compared to the premium motorcycles.” He said this forms part of their broader consumption basket view.Indian equity benchmarks snapped a four-day losing streak and closed in the green on Monday, July 15, buoyed by broad-based buying across sectors.The Sensex ended 317.45 points, or 0.39%, higher at 82,570.91, while the Nifty50 rose 113.50 points, or 0.45%, to settle at 25,195.80. Market breadth remained firmly positive with 2,475 stocks advancing, 1,422 declining and 148 remaining unchanged on the BSE.All major sectoral indices ended in the green. Pharma, auto, PSU banks, consumer durables, and realty stocks led the rally, gaining between 0.5% and 1%.The broader markets outperformed slightly, with the BSE Midcap and Smallcap indices climbing nearly 1% each for the second straight session.Top Nifty gainers included Hero MotoCorp, Sun Pharma, Bajaj Auto, Apollo Hospitals, and Shriram Finance. On the flip side, HCL Technologies, HDFC Life, SBI Life, Eicher Motors, and Tata Steel were among the laggards.

Shares of Piramal Pharma rallied over 4% on Monday, posting their sharpest intraday gain in 13 weeks, as investor interest surged. The stock was quoting at ₹216.65, up ₹8.80 or 4.23%, after touching an intraday high of ₹216.85 and a low of ₹208.50.

The rally was backed by strong volumes, with over 5 lakh shares changing hands, marking a 150% spike compared to the five-day average volume of around 2 lakh shares.

In the previous session, the stock had closed 3.46% higher at ₹207.85. Despite the recent uptrend, Piramal Pharma remains 29.6% below its 52-week high of ₹307.85, hit on November 6, 2024. However, it is still up nearly 49% from its 52-week low of ₹145.55, touched on July 22 last year.

The company’s market capitalisation currently stands at ₹28,798 crore.

Angshu Mallick, MD & CEO of Adani Wilmar’s agri business, told CNBC-TV18 that the company remains confident of achieving 7–9% volume growth for the full year, despite a Q1 setback led by palm oil and rice.

He added that palm oil volumes are expected to recover strongly in Q2, and that revenue growth will continue to reflect underlying commodity price movements.

“We will continue to target ₹3,600–3,800 crore EBITDA for FY26,” Mallick said, reiterating guidance. On the branded foods side, he said the company remains on track to deliver double-digit growth, with Tops sauces beginning to contribute to revenues and likely to scale up going forward.At 3 PM, benchmark indices were trading firm, supported by broad-based buying. The Sensex rose 234 points to 82,487.95, while the Nifty climbed 85.75 points to 25,168.05.Market breadth remained positive with 2,245 stocks advancing, 1,291 declining, and 118 unchanged on the BSE. Investors appeared upbeat amid easing inflation expectations and steady global cues.#CNBCTV18Market | Inox Wind sees sharp fall from day’s high by more than 6% pic.twitter.com/T0jZYLOzZ3

— CNBC-TV18 (@CNBCTV18Live) July 15, 2025

HSBC has raised its target price on Ola Electric to ₹49 (from ₹45), following a better-than-expected gross margin performance in Q1. The brokerage, however, maintained its ‘Hold’ rating, citing limited near-term upside and structural risks.

In its latest note, HSBC flagged a significant Q1 gross margin beat — 25.8% vs its estimate of 19% — driven by 11% cost savings from Ola’s new Gen-3 scooter platform. This development underscores improved cost efficiencies and manufacturing leverage for the EV maker.

However, analysts remain cautious. HSBC warned that Ola may miss key milestones under the Production Linked Incentive (PLI) scheme for cell manufacturing, putting at risk around ₹1,000 crore in incentives.JM Financial has initiated coverage on Kalyan Jewellers with a ‘Buy’ rating and a target price of ₹700, implying a potential upside of 19.4% from current levels. The brokerage cited strong fundamentals, a capital-light expansion strategy, and favourable industry dynamics as key drivers.Kalyan plans to open 85–90 new stores each year until FY28, leveraging its franchise-led model to scale rapidly without straining its balance sheet. JM expects the company to outpace the organised jewellery industry’s expected CAGR of 20%, gaining market share as consumer preference shifts from unorganised to branded players.

C Vijayakumar, CEO & MD of HCLTech, said the margin was impacted due to lower utilisation and the delayed ramp-up of a project.Himadri Specialty Chemicals Ltd reported a 48.2% year-on-year rise in net profit to ₹181.7 crore for the June quarter, even as revenue declined 6.8% to ₹1,118.3 crore.Despite the top-line dip, EBITDA rose 27.9% to ₹245 crore from ₹191.6 crore, supported by improved operational efficiencies. Margins expanded significantly to 21.91% from 15.96% in the year-ago period.#1QWithCNBCTV18 | AWL Agri Business reports its Q1 earnings:

????Net Profit Down 24.5% At ₹236.4 Cr Vs ₹313.2 Cr (YoY)

????Revenue Up 20.5% At ₹17,058.7 Cr Vs ₹14,154 Cr (YoY)

????EBITDA Down 41.5% At ₹366 Cr Vs ₹626.2 Cr (YoY)

????Margin At 2.15% Vs 4.42% (YoY) pic.twitter.com/yj6R5r02AC

— CNBC-TV18 (@CNBCTV18Live) July 15, 2025

Adani Wilmar Ltd’s agri business segment posted a subdued performance in the June quarter, with net profit falling 24.5% year-on-year to ₹236.4 crore from ₹313.2 crore. This came despite a 20.5% rise in revenue to ₹17,058.7 crore.EBITDA declined sharply by 41.5% to ₹366 crore from ₹626.2 crore a year ago, with margins compressing to 2.15% from 4.42% in Q1 FY25.India’s merchandise trade deficit narrowed to $18.78 billion in June 2025, compared to $20.84 billion in the same month last year, according to official data released Friday. This was largely due to a 3.7% year-on-year fall in imports, which came in at $53.92 billion.Exports remained flat at $35.15 billion versus June 2024.

Amit Ramani, CMD, Awfis Space Solutions, On CNBC-TV18

June Trade Data

Exports Unchanged At $35.15 Bn (YoY)

Imports Down 3.7% At $53.92 Bn Vs $56 Bn (YoY)

Trade Deficit At $18.78 Vs $20.84 Bn (YoY)

RBI Governor Sanjay Malhotra Speaks to CNBC-TV18

Foreign banks can go up to 100% ownership, so not allowing 26% seems to defy logic

We will review the requirements when any requests are raised

A little over a month earlier, the Reserve Bank of India (RBI) delivered a bumper cut of 50 basis points in the benchmark interest rate, surprising markets with its impetus for economic growth.

After two consecutive cuts in the repo rate, many thought the RBI may pause in August, until the latest inflation data showed a sharp decline in price rise.

RBI Governor Sanjay Malhotra Speaks to CNBC-TV18

Monetary policy is forward-looking

Neutral stance does not mean we cannot cut rates, but for that, the outlook has to change

The expectation is that inflation will be lower than 3.70%. If it happens, the MPC will take a call on rates

Sacchitanand Uttekar of Tradebulls

Buy Uno Minda with a stop loss of ₹1,088 and a target of ₹1,240

Buy Blue Star with a stop loss of ₹1,850 and a target of ₹2,040

Shrikant Chouhan of Kotak Securities

Buy Ajmera Realty with a target of ₹1,150

Buy Suzlon Energy with a stop loss of ₹64 and a target of ₹75-78

RBI Governor Sanjay Malhotra Speaks to CNBC-TV18

We have a ‘neutral’ stance as decided by the MPC

We can go in either direction, depending on our outlook rather than just looking at current data

MPC has always factored in the evolving situation

If inflation is lower & the forecast is lower, or if the growth is lower, policy rates can be cut

We have to wait and watch on rate cuts

Shailesh Chandra, SIAM President in Conversation with CNBC-TV18

Q1 Is Seasonally A Slow Quarter, It’s Continued From Last Year

Repo Rate, Strong Monsoon Can Drive Rural Demand Along With Festive Demand

Rural Demand Slowdown Is An Inventory Correction

Rural Demand Is Dependent On Monsoon And Financing

Consumer And Commercial Segments Are Dependent On Financing

EV & ICE Both Are Impacted By Rare-earth Magnet Shortage

Discussions Are Going on with the Indian & Chinese governments regarding the Rare-earth Magnet

30 Applications Have Been Made For Rare-earth Magnet Supply

Tesla Coming To India Is Neutral To The Industry

Many EV Companies Would Want To Participate In India’s Growth Story

ICICI Prudential Q1 Results

ICICI Prudential reported their profit numbers. The profit numbers rose to ₹302 crore vs ₹225 crore (YoY).

Total APE In-line With CNBC-TV18 Poll Of `1,864 Cr

Value Of New Biz At ₹457 Cr Vs CNBC-TV18 Poll Of ₹440 Cr (YoY)

VNB Margin At 24.5% Vs CNBC-TV18 Poll Of 23.57%

Total APE (RD)5% At ₹1,864 Cr Vs ₹1,963 Cr

VNB Margin At 24.5% Vs 24% (YoY)

Value Of New Biz (RD)3.2% At ₹457 Cr Vs ₹472 Cr (YoY)

A year after the Reserve Bank of India (RBI) flagged rising attrition in select private banks, there’s a sign of relief. HDFC Bank, India’s largest private sector lender, reported an improvement in employee turnover, with attrition falling below its five-year average of 25%.

CNBC-TV18 Access

The UK’s FTSE 100 index at the London Stock Exchange hit the 9,000 mark for the first time.

#GovernorToCNBCTV18 | @RBI Governor speaks exclusively to @CNBCTV18News‘ @latha_venkatesh — and no big question is off the table. From retail inflation at a 6-year low, to liquidity and global risks — what does it all mean for rates and growth? Catch the most awaited RBI… pic.twitter.com/u8y1eGx55U

— CNBC-TV18 (@CNBCTV18Live) July 15, 2025