Indian markets closed lower on Thursday, dragged by weak IT earnings and global cues. Major stock movers included Olectra, Canara Bank, IEX, and Nestle India, with sharp gains and losses.

IEX Q1 Results: Indian Energy Exchange (IEX) on Thursday reported a 25% year-on-year jump in its consolidated net profit for the quarter ended June 30, 2025 to Rs 120 crore versus Rs 96 crore reported in the year-ago period.

The Nifty Realty index closed 1.04 per cent down at 960.1.

Executive Centre India has filed a ₹2,600 crore IPO to support investments in TEC Abu Dhabi and acquisitions in Singapore and Dubai. The premium workspace provider operates 89 centres across seven countries and plans to use proceeds for expansion and corporate purposes.

Karur Vysya Bank announced a 1:5 bonus share issue, its first in seven years, alongside a 13.7% YoY rise in Q1 FY26 net profit to Rs 521.45 crore. Interest income rose 12% to Rs 2,569 crore. The record date for the bonus issue is August 26, 2025.

Motilal Oswal Financial Services on Thursday reported its highest-ever quarterly net profit of Rs 1,430 crore for the June quarter, marking a 40 per cent year-on-year jump, buoyed by robust performance across asset management, private wealth and capital markets businesses.

Zerodha faces a drop in demat market share despite rising AUM, prompting CEO Nithin Kamath to seek insights on evolving growth strategies beyond traditional customer acquisition methods.

Nestle India reported a 13.4% YoY drop in Q1 FY26 net profit to Rs 647 crore, citing high input and operational costs. Revenue rose 5.9% to Rs 5,096 crore. Despite profit pressure, the company saw growth in e-commerce, out-of-home business, and urban demand.

Capital Small Finance Bank posted a 7% rise in Q1 FY26 net profit to ₹32 crore, despite a nearly fourfold jump in provisions due to NBFC-MFI defaults. Operating profit rose 21%, and advances and deposits saw double-digit growth.

The S&P 500 and the Nasdaq opened higher on Thursday as investors assessed tech earnings and monitored trade negotiations, while losses in shares of IBM, Honeywell and UnitedHealth weighed on the Dow.