Indian market closed in the red for the third consecutive day in a row on Monday. The BSE Sensex fell more than 500 points while the Nifty50 closed below 24700.​Stocks that hit a fresh 52-week high include names like Laurus Labs, which rose more than 6%, Torrent Pharma gained 0.7% and Fortis Healthcare pared gains to close 0.3% lower on Monday.

Gold prices decreased in the national capital. This happened because of stockists selling after a US-EU trade agreement. Silver prices also went down. Globally, gold and silver prices remained stable. Analysts are watching US economic data. Trade optimism and a strong dollar are keeping gold prices steady. Market worries about the US Federal Reserve have eased.

The Nifty IT index closed 0.71 per cent down at 35370.05.

IndusInd Bank Q1 Results: IndusInd Bank on Monday reported a 72% year-on-year fall in its consolidated net profit for the June quarter at Rs 604 crore, compared to Rs 2,171 crore in the year-ago period. The private lender s Net Interest Income (NII) in Q1FY26 stood at Rs 4,640 crore as compared to Rs 5,408 crore in Q1 FY25, declining 14%.

RailTel Q1 Results: RailTel announced a 36% increase in its Q1 net profit, reaching Rs 66 crore. Revenue from operations rose by 33% to Rs 744 crore. However, profit after tax saw a 42% quarter-on-quarter decrease. Telecom services revenue reached Rs 335 crore. Project work services revenue stood at Rs 409 crore. RailTel s total expenses for the quarter were Rs 672 crore.

Adani Green Energy shares experienced a surge following the announcement of impressive first-quarter results. The company s consolidated net profit witnessed a substantial year-on-year increase. Operational renewable energy capacity and power supply revenues also demonstrated significant growth. This positive financial performance has resonated with investors, leading to increased market confidence. Adani Green Energy s operational capacity is now the largest in India.

The Indian rupee weakened on Monday. Importers demand for dollars at month-end put pressure on the currency. However, the rupee mostly avoided the impact of a stronger dollar. This was due to a lack of significant outflows. Investors are awaiting U.S. economic data and the Federal Reserve s policy decision. European equities rose, and the euro declined following a U.S.

Nippon Life India Asset Management (NAM India) announced a 19% increase in profit after tax, reaching Rs 396.1 crore in the June quarter, alongside a 20% rise in revenue from operations to Rs 606.6 crore. The company experienced strong equity net sales and SIP market share, managing an assets base of Rs 7.44 lakh crore.