2 weeks ago
Nifty seen muted; Tata Motors, Jio Financial, Lenskart in focus
The stock market is like a big shop where people buy and sell tiny pieces of companies.
On Wednesday, the prices of many shares in India went down a little bit.
This happened partly because there is trouble far away in the Middle East and oil has become more expensive.
On Thursday, the market is expected to start the day quietly.
Many companies are telling everyone how much money they made in the first three months of the year.
Some companies, like Apollo Hospitals and Lenskart, made more money than before.
Another company, Jio Financial, is getting a big new partner called Bank of America.
One bank, Axis Bank, borrowed money from overseas to help its business grow.
However, some companies, like IRCON, did not do as well as they did last year.
Nifty 50 ended Wednesday at 24,435, down 35 points (0.15%), pressured by Middle East tensions, higher crude oil prices and selling in Tata Group stocks.
GIFT Nifty futures near 24,446.5 signal a weak, muted opening for Indian markets on Thursday, August 13.
Bank of America will acquire up to a 49.9% stake in Jio Credit, the NBFC lending arm of Jio Financial Services, via preferential allotment of equity shares and warrants.
Apollo Hospitals' consolidated net profit rose 38.4% year-on-year to ₹610 crore in Q1FY27, while Lenskart's net profit jumped to ₹222 crore from ₹60 crore.
Axis Bank raised $300 million (about ₹2,850 crore) via overseas bonds, while IRCON's net profit fell 43.62% year-on-year to ₹92.74 crore in Q1FY27.
- Who
- Indian stock market investors; companies including Tata Motors Passenger Vehicles, Jio Financial Services, Lenskart, Apollo Hospitals, GMR Airports, Grasim Industries, Axis Bank and IRCON
- What
- Indian markets are expected to open weak while several companies announce Q1 results and deals; Bank of America agreed to acquire up to a 49.9% stake in Jio Credit
- Where
- India, with the Nifty 50 and GIFT Nifty futures, with sentiment affected by Middle East tensions over the Strait of Hormuz
- When
- Expected market opening on Thursday, August 13; quarterly results reported for the quarter ended June 30, 2026
- Why
- Escalating geopolitical tensions in the Middle East, a fresh rise in crude oil prices linked to the US-Iran standoff over the Strait of Hormuz, and selling pressure in Tata Group stocks are weighing on market sentiment
Key facts
- Nifty 50 close (Wednesday)
- 24,435, down 35 points (0.15%)
- GIFT Nifty (Thursday)
- Near 24,446.5, down over 24 points from Nifty futures close
- BofA-Jio Credit deal
- BofA to acquire up to 49.9% stake via preferential allotment of equity shares and warrants
- Apollo Hospitals Q1 net profit
- ₹610 crore, up 38.4% YoY from ₹441 crore
- Lenskart Q1 net profit
- ₹222 crore, up from ₹60 crore year earlier
- Axis Bank bond issue
- $300 million (about ₹2,850 crore) from overseas investors
- GMR Airports Q1 net profit
- ₹91 crore, reversing a ₹212 crore loss
- IRCON Q1 net profit
- ₹92.74 crore, down 43.62% YoY from ₹164.5 crore
Quotes
Ponmudi R
CEO of Enrich Money
““Indian equity markets are expected to open on a cautious note, with GIFT Nifty futures hovering just above the 24,400 mark compared with the Nifty's previous close of 24,435, pointing to a muted start despite a rebound across global markets. Elevated crude oil prices, driven by the continuing US-Iran standoff over the Strait of Hormuz, remain the primary overhang for domestic equities and are likely to keep investor sentiment measured.””
livemint.com
Sources
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