Indian markets closed slightly higher led by L&T’s earnings boost. Stock-specific action dominated as companies like New India Assurance, DMart, and Jubilant Pharmova surged post strong Q1 results.

Markets regulator Sebi on Wednesday imposed a penalty totalling Rs 3.87 crore on 11 individuals for manipulating the share price of Darshan Orna Ltd (DOL) using social media channels.

Tata Investment Corporation will evaluate a stock split proposal during its August 4 board meeting, alongside Q1 results. The move aims to boost stock liquidity and accessibility for retail investors, subject to shareholder and regulatory approvals.

Gift Nifty fell sharply to 24,680, declining by 0.70% or 174 on Wednesday reacting to US President Donald Trump s announcement that India will pay 25% tariff along with a penalty in the wake of India s trade with Russia.

Indigo Q1 Results: InterGlobe Aviation, which operates budget airline Indigo, reported a 20% year-on-year fall in its consolidated net profit for the June quarter at Rs 2,176 crore on Wednesday, compared to Rs 2,729 crore in the year-ago period.

NSDL’s Rs 4,012 crore IPO, a pure OFS, opens for subscription with strong backing from top institutions. Priced at Rs 760–800, it has received largely positive broker recommendations citing strong market leadership, growth potential, and tech infrastructure. Risks include reliance on volumes and regulatory challenges.

Knowledge Realty Trust is launching a Rs 4,800 crore IPO on August 5, offering units at Rs 95–100. The REIT, backed by Sattva and Blackstone, holds 29 Grade A office assets across six cities. It aims to become India’s largest REIT by GAV, with strong institutional participation expected.

​Indian market closed in the green for the second consecutive day in a row on Wednesday. The BSE Sensex rose more than 100 points while the Nifty50 closed above 24800 levels. Sectorally, buying was seen in FMCG, capital goods, consumer durable and IT stocks while some selling was seen in telecom, auto and realty.​

The National Stock Exchange of India (NSE) reached a new milestone in July 2025, with unique trading accounts surpassing 23 crore (230 million). This comes just three months after crossing the 22-crore mark in April, highlighting sustained growth in retail investor participation.

L&T share price: L&T reported a strong Q1, with net profit rising 30% YoY to Rs 3,617 crore and revenue beating estimates. Robust order inflow and strong international performance boosted sentiment. Brokerages remain divided on the stock, with targets ranging from Rs 3,000 to Rs 4,200.