Stock Market Today: Jio Financial Up 2.87%, Kaynes Tech Jumps 9.86%; SmallCap Index Falls 0.31%

Stock Market Today Sees Nifty Stage A Strong Recovery After Early Weakness; FMCG Leads Sectoral Gains As Mixed Corporate Earnings Drive Individual Stock Movements
Stock Market Today: Jio Financial Up 2.87%, Kaynes Tech Jumps 9.86%; SmallCap Index Falls 0.31%
Written By:
Aayushi Jain
Reviewed By:
Sankha Ghosh
Published on

Key Takeaways

  • Nifty and Sensex Show Strong Rebound: After a sharp intraday fall of over 200 and 600 points respectively, Nifty and Sensex recovered most of their losses. Thus, showcasing the strength of domestic institutional buying.

  • FMCG and Banking Stocks Lead Gains: Hindustan Unilever surged 3.45%, leading the FMCG sector rally. Meanwhile the Nifty Bank index gained 0.12% after recovering 600 points.

  • Broader Market Weakness Persists: Despite the benchmark indices’ recovery, SmallCap and MidCap indices fell 0.31% and 0.46% respectively. FIIs also remained net sellers with Rs. 850 crore outflow.

The Indian stock market today, on Thursday, July 31, 2025, showed strength. After plunging over 200 points in morning trade, the Nifty 50 made an impressive comeback. The index recovered nearly the entire loss to trade marginally lower around the Rs. 24,850 mark at press time. The BSE Sensex mirrored this recovery pattern, bouncing back from a 600-point decline to trade with modest gains by mid-session.

Market participants witnessed a classic example of institutional buying during weakness. Meanwhile, domestic investors stepped in to support the indices at lower levels. The recovery underscored the underlying strength in Indian equities despite global cues and mixed corporate earnings.

Sectoral Performance Analysis

The session revealed a tale of contrasting sectoral performances, with consumer goods emerging as the clear winner. The Nifty FMCG index surged on the back of strong gains in heavyweight stocks. It was led by Hindustan Unilever stock’s impressive 3.45% rally to Rs. 2,521.40.

Banking stocks showed remarkable resilience after initially trading in negative territory. The Nifty Bank index recovered an impressive 600 points from its intraday lows to turn positive, gaining 69.40 points (0.12%) to reach Rs. 56,220.10. This recovery highlighted the sector's defensive characteristics during market volatility.

However, the broader market indices continued to face pressure. The BSE SmallCap index declined 0.31%. At the same time, Nifty MidCap index fell 0.46%, indicating selective buying interest focused primarily on large-cap stocks. Technology stocks faced pressure with the Nifty IT declining 0.37% to Rs. 35,349.80, reflecting concerns over global tech demand and currency fluctuations.

Top Gainers on Nifty 50

According to Moneycontrol data, the session's standout performer was Hindustan Unilever, which surged 3.45% and emerged as the top gainer on the Nifty 50. Similarly, Jio Financial Services gained significant momentum with a 2.87% rise to Rs. 329.50.

JSW Steel and Nestle India also featured among the top gainers, advancing 1.23% and 1.08% respectively. In the broader market, several stocks hit significant milestones. Kaynes Technology surged an impressive 9.86% to Rs. 6,194.00. It led the most active stocks list with a trading value of Rs. 1,850.01 crore.

Top Losers on Nifty 50

Despite the overall recovery, certain stocks faced selling pressure. Moneycontrol metrics show that Adani Enterprises led the losers' list with a 1.32% decline to Rs. 2,499.50. Meanwhile, Dr. Reddy's Laboratories and Asian Paints also featured among the top decliners with losses exceeding 1%. Reliance Industries, despite being among the most actively traded stocks, declined 0.89% to Rs. 1,397.60.

Also Read: HDFC Bank Share Price Declines 0.10% to Rs. 2,023.70: What Investors Should Know!

Corporate Earnings Update

The ongoing quarterly results season continued to influence individual stock movements. Several companies reported their first-quarter results, creating significant volatility in specific counters.

DCB Bank emerged as a notable performer after reporting strong Q1 results, with net profit rising 20% year-on-year to Rs. 157 crore. The bank's Net Interest Income (NII) grew 17% to Rs. 581 crore, while asset quality remained stable with gross NPA at 2.98%.

Saregama India reported flat net profit at Rs. 37 crore for Q1, with revenue showing marginal growth of 0.8% to Rs. 207 crore compared to the same period last year. Orchid Pharma made headlines by hitting the upper circuit limit with a 5% surge to Rs. 740.10, driven by strategic developments in reclaiming global rights to its breakthrough antibiotic.

Investment Flow Dynamics

Foreign Institutional Investors (FIIs) continued their selling pattern, though at a reduced pace. On July 30, FIIs sold Rs. 850.04 crore worth of securities, significantly lower than the previous day's Rs. 4,636.60 crore outflow.

Domestic Institutional Investors (DIIs) provided crucial market support by purchasing Rs. 1,829.11 crore worth of equities, though this was considerably lower than the previous session's Rs. 6,146.82 crore buying.

The advance-decline ratio on NSE showed 1,007 stocks advancing against 1,576 declining. It indicates broader market weakness despite the benchmark indices' recovery.

Corporate Developments

Maruti Suzuki is changing its Memorandum of Association to enter new business segments. These include fleet management, subscription-based mobility, vehicle leasing, EV charging infrastructure, and expanding its pre-owned car business. This strategic diversification reflects the company's vision for the evolving automotive landscape.

Tata Motors shares showed signs of recovery, bouncing back nearly 3% from their intraday lows. Thus, suggesting institutional interest at lower levels despite recent concerns over potential acquisitions.

Also Read: Stock Market Today: Nifty Rises Above 24,850, Sensex Gains 172.31 points Amid Mixed Trading Session

Market Outlook

The stock market today staged a strong recovery, showing the underlying resilience of Indian equities. The selective nature of buying, particularly in FMCG and banking stocks, suggests investors are focusing on defensive sectors amid global uncertainties.

The recovery pattern witnessed today could set the tone for sustained buying interest if supported by positive earnings surprises and stable institutional flows. So, looking ahead, market participants should stay abreast of these developments.

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FAQs

1. What caused the stock market recovery on July 31, 2025?

The sharp rebound in the Indian stock market was driven by strong institutional buying, particularly from domestic investors. After early session weakness, sectors like FMCG and banking led the turnaround, helping benchmark indices recover from intraday lows.

2. Which sectors led the gains in the stock market today?

FMCG was the top-performing sector, led by Hindustan Unilever’s 3.45% rally. The banking sector also contributed, with the Nifty Bank recovering 600 points to post a 0.12% gain. Other gainers included financials and select large-cap stocks.

3. Did foreign investors continue selling Indian equities?

Yes, Foreign Institutional Investors (FIIs) sold Rs. 850.04 crore worth of equities on July 30. However, this was significantly lower than the previous day’s Rs. 4,636 crore outflow. Domestic Institutional Investors (DIIs) bought Rs. 1,829.11 crore, providing crucial support.

4. Which stocks performed the best on Nifty 50?

Top gainers included Hindustan Unilever (+3.45%), Jio Financial Services (+2.87%), JSW Steel (+1.23%), and Nestle India (+1.08%). In the broader market, Kaynes Technology surged nearly 10%, making it one of the most actively traded stocks.

5. How did corporate earnings affect the market today?

Earnings remained a key driver of stock-specific movements. DCB Bank posted strong Q1 results with a 20% YoY increase in net profit. Saregama India delivered flat profit growth, while Orchid Pharma surged 5% on strategic announcements, hitting its upper circuit.

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