Indian markets remained under pressure as rising crude oil prices, weak global cues, and earnings volatility weighed on sentiment. United Spirits, HEG, and ACE gained up to 5% after strong Q1 FY27 results, while Motilal Oswal, Go Digit, and Swiggy declined on profit booking, weaker profitability, and foreign ownership concerns.
The Stock Market remained under heavy selling pressure on Friday as rising crude oil prices, weak global market cues and disappointing corporate earnings triggered broad-based losses across equities. At around 10:40 am, the BSE Sensex declined 850.98 points or 1.11% to 75,540.41, while the Nifty 50 dropped 225.85 points or 0.95% to 23,643.75. Only seven stocks from the Nifty 50 index were trading in positive territory, highlighting the intensity of the market-wide sell-off.
The weakness was visible across market segments, with the Nifty Bank index falling 463.35 points or 0.82% to 56,128.65 as all 14 constituents traded lower. The Nifty Midcap 100 declined nearly 604 points or 0.97% to 61,697, while the Nifty Smallcap 100 dropped 265 points or 1.40% to 18,671.60, indicating a cautious approach among investors.
United Spirits Share Price Rises 5% After Strong Q1FY27 Performance
United Spirits emerged as one of the top gainers in the Nifty 500 universe, with its share price rising up to 5% on July 24, 2026. The stock recorded strong trading activity, with NSE volume reaching 17.8 lakh shares compared with its 30-day average volume of 8.7 lakh shares.
The company, one of India's largest alcoholic beverage manufacturers with a strong portfolio of whisky and premium liquor brands, gained after reporting a healthy Q1FY27 performance. Revenue surged 5.1% year-on-year to ₹6,122 crore, while EBITDA increased 7.6% to ₹693 crore. EBITDA margins improved by 26 basis points to 11.3%, and net profit jumped 11% to ₹463 crore, supported by lower interest expenses.
HEG Share Price Gains 4% After Robust Earnings Growth
The graphite electrode manufacturer climbed 4% on July 24, 2026, extending gains for the second consecutive session. Trading volume surged to 49.1 lakh shares against the 30-day average volume of 19.1 lakh shares.
HEG shares reported strong Q1FY27 results, with revenue from operations rising 11.1% year-on-year to ₹681 crore. Operating profit increased 37% to ₹211 crore, while operating margins expanded 600 basis points to 29%. Net profit surged 52.8% to ₹110 crore.
The stock gained after the company announced continued expansion plans, including an investment of ₹858 crore during Q1FY27. HEG is increasing graphite electrode capacity by 15,000 metric tonnes, taking total capacity to 115,000 metric tonnes.
ACE Share Price Advances 3% on Strong Q1FY27 Numbers
Action Construction Equipment (ACE) gained 3% after investors reacted positively to its quarterly performance. The stock recorded NSE volume of 5.4 lakh shares.
ACE reported a 19.5% year-on-year rise in revenue to ₹840 crore, driven by higher sales of cranes, construction equipment and material handling solutions. EBITDA increased 19.9% to ₹172.5 crore, while margins improved to 20.5%. Net profit surged 22.3% to ₹119.5 crore.
Motilal Oswal Share Price Falls 8.17% Despite Profit Growth
Motilal Oswal Financial Services declined 8.17% to ₹863.40 despite reporting strong Q1FY27 results. The company posted a consolidated net profit of ₹1,273 crore, up 10% year-on-year, while revenue increased 25% to ₹3,426 crore. Assets under management also grew 31%.
The stock decline reflected profit booking and investor disappointment despite strong financial performance.
Go Digit Share Price Drops 7.53% After Profit Decline
Go Digit General Insurance shares fell 7.53% to ₹259.70 after mixed Q1FY27 results. Total income increased 8.25% year-on-year to ₹2,359 crore, but net profit declined 37.55% to ₹86.39 crore due to higher underwriting losses and increased claims.
The fall indicated concerns over profitability despite steady premium growth.
Swiggy Share Price Slips 5.47% on Foreign Ownership Concerns
Swiggy shares declined 5.47% to ₹247.24 amid concerns over foreign ownership limits. The stock witnessed heavy trading volume of 2.09 crore shares.
Reports suggested that reducing the foreign ownership cap to 49.5% could impact the company’s eligibility in global indices and may lead to passive fund outflows. Possible outflows were estimated at around $460 million if index adjustments take place.
Market Outlook
The sharp market decline reflected investor caution amid rising crude oil prices, global uncertainties and earnings-related volatility. While United Spirits, HEG and ACE gained on strong operational performance, Motilal Oswal, Go Digit and Swiggy faced selling pressure due to profitability concerns, valuation adjustments and company-specific factors.
