Indian markets traded lower amid rising West Asia tensions, with concerns over crude oil prices and inflation weighing on sentiment. Gabriel India, Aegis Logistics and Punjab National Bank gained up to 8%, supported by earnings expectations and strong Q1 results, while Axis Bank, HDFC Bank and MapMyIndia declined after quarterly updates and broader market weakness.
The Indian equity markets saw a sell-off on July 20 as traders became cautious due to increasing tensions in West Asia. Worries over the prices of crude oil, inflation and overall market sentiment dragged down the stock markets, with Sensex and Nifty 50 indexes falling in tandem.
As of 11:00 AM, the Nifty 50 index was trading 104 points or 0.43% down at 24,230.55, while Sensex index fell 473 points or 0.6% to 77,678.70. However, other indexes were holding up reasonably well, with the Nifty MidCap and Nifty SmallCap indexes being up 0.18% and 0.31%, respectively.
Gabriel India, Aegis Logistics and Punjab National Bank were the biggest gainers among the Nifty 500 stocks, while the top losers were Axis Bank, MapMyIndia and HDFC Bank.
Gabriel India Share Price Surges 8% Ahead of Q1FY27 Results
Gabriel India Ltd., an auto-components maker with expertise in manufacturing suspension components like shock absorbers and struts for two-wheelers, passenger cars, and commercial vehicles, was one of the major gainers in the Nifty 500 basket.
The share price of Gabriel India Ltd saw a jump up to 8% on July 20 on the back of robust trading volume. The stock saw a sharp increase in volume, as about 15.6 lakh stocks were traded on the NSE, compared with the average volume of the past 30 days, which was 5.3 lakh stocks.
The surge in prices was on the back of Gabriel India’s Q1FY27 results, scheduled to be announced on July 21.
Aegis Logistics Gains 5% on Positive Momentum
Yet another gainers on Tuesday was Aegis Logistics Ltd, which is India’s leading operator of LPG terminals and also a logistics infrastructure, liquid terminals, gas distribution, and supply chain solutions firm.
The share price went up by 5% on the day. However, this rise came amid low volumes, where just 23.7 lakh shares were traded, down from its 30-day average of 49.7 lakh shares.
It seems no company-specific trigger for this move could be determined.
PNB Shares Rise 5% After Strong Q1FY27 Performance
Shares of Punjab National Bank (PNB) advanced by nearly 5% following the strong results reported by the bank in Q1FY27. Heavy volumes were seen on the share of PNB, where 7.1 crore shares changed hands compared to an average of 1.81 crore shares in the past 30 days.
As of June 30, 2026, global deposits for PNB rose by 10.2% to ₹29.98 lakh crore, while global loans were up 12.7% to ₹12.7 lakh crore. The net interest margin improved to 2.5% from 2.47% during Q1FY26, and the credit-to-deposits ratio was at 73.8%.
Asset quality improved as GNPA declined by 100 basis points to 2.78% and NNPA fell by 10 basis points to 0.28%. The bank reported a 213.6% year-on-year jump in net profit to ₹5,253 crore, boosting investor confidence.
Axis Bank, HDFC Bank Decline After Q1FY27 Results
Axis Bank Ltd faced heavy selling in its stocks, which fell by 5.47% to reach ₹1,255.80. The total trading volume of the stock was 1.61 crore shares. Despite posting a 22.5% YoY jump in its standalone net profit to ₹7,114 crore in Q1 FY27, the fall continued due to investors' fear about the earnings.
HDFC Bank Ltd also faced significant selling as it fell 4.70% to ₹781.05, post-Q1FY27 results. The bank posted a 5% YoY growth in its standalone net profit to ₹19,060 crore; however, due to the fears regarding the margins, its stock price fell significantly. The trading volume of the stock was 3.01 crore shares.
MapMyIndia Shares Fall Nearly 5%
The digital mapping and location intelligence firm, MapMyIndia fell by 4.85% to close at ₹1,116.20. The share recorded a volume of 2.18 lakh units. There was no obvious trigger for the fall, which could be attributed more to the overall mood in the market.
On the whole, Gabriel India, Aegis Logistics, and PNB were the stocks in focus, while there was selling pressure on the stocks of Axis Bank and HDFC Bank after their quarterly earnings.
