Market Wrap: Nifty and Sensex Close Higher as Auto Sector Drives Gains

2 min read Updated on 31 Jul 2026, 03:31 PM

Reviewed by

Shraddha JScanX News Team

AI Summary

Indian equity markets ended on a positive note with Nifty 50 gaining 0.20% to close at 24,317.15 and Sensex rising 0.14% to 77,928.15. Services sector emerged as the top performer with 5.10% gains, followed by Automobile & Auto Components at 3.62%. Consumer Durables faced pressure with 1.89% decline. Market breadth remained healthy with 2,761 stocks advancing against 1,830 declining out of 4,591 total scrips traded. Key buzzing stocks included Sun Pharmaceutical with strong Q1 results showing 26% profit growth, and Eicher Motors delivering record quarterly performance with 32% revenue growth.

*this image is generated using AI for illustrative purposes only.

Market Overview

Indian equity markets concluded the trading session on a positive note, with both benchmark indices registering modest gains. The Nifty 50 closed at 24,317.15, up 49.65 points or 0.20%, while the BSE Sensex ended at 77,928.15, gaining 110.39 points or 0.14%.

Index	Closing Price	Change	Percentage Change
Nifty 50	24,317.15	+49.65	+0.20%
BSE Sensex	77,928.15	+110.39	+0.14%

Sectoral Performance

The sectoral landscape showed mixed trends, with Services and Automobile sectors leading the charge while Consumer Durables faced significant pressure.

Top Performing Sectors

Sector	Average Change (%)
Services	+5.10%
Automobile & Auto Components	+3.62%
Printing & Stationery	+2.17%

Underperforming Sectors

Sector	Average Change (%)
Consumer Durables	-1.89%
Aviation	-0.69%
Cables	-0.51%
Castings, Forgings & Fasteners	-0.14%
Retail	-0.13%

The Services sector emerged as the standout performer with gains exceeding 5%, while the Automobile & Auto Components sector also showed strong momentum with a 3.62% average gain. On the flip side, Consumer Durables faced the steepest decline, falling nearly 1.89%.

Buzzing Stocks

Several companies made headlines with their quarterly earnings and corporate developments:

Sun Pharmaceutical reported strong Q1 results with consolidated net profit rising to ₹29.00 billion from ₹23.00 billion year-over-year. Revenue increased to ₹153.00 billion from ₹138.00 billion YoY, though US sales declined 10% to USD 427.00 million.

Eicher Motors delivered record Q1 FY27 results, posting 32% revenue growth to ₹6,632.00 crore and a 21% rise in profit after tax. Royal Enfield sales reached 332,940 units, while VECV also achieved record quarterly volumes.

Gallantt Ispat Limited reported a 0.70% quarter-on-quarter rise in net profit to ₹124.00 crore for Q1FY27, despite a 5% QoQ revenue decline. The company's EBITDA margin expanded by 50 basis points as it continues its ₹3,000.00 crore capex program funded entirely through internal accruals.

Rail Vikas Nigam announced the relief of Principal Executive Director (Mechanical) Manish Agarwal due to repatriation, with his appointment as General Manager at ICF Chennai.

Market Breadth

Market participation remained healthy with broad-based trading activity across exchanges.

Market Breadth	Count
Total Scrips Traded	4,591
Positive Scrips	2,761
Negative Scrips	1,830

With 2,761 stocks closing in positive territory against 1,830 declining stocks, the market breadth remained favorable, indicating underlying strength in the broader market despite modest index gains.

Conclusion

The trading session reflected cautious optimism among investors, with both benchmark indices managing to close higher despite mixed sectoral performance. The strong showing in Services and Automobile sectors provided the necessary support to keep markets in positive territory, while healthy market breadth suggests broad-based participation. Corporate earnings announcements, particularly from companies like Sun Pharmaceutical and Eicher Motors, continued to influence individual stock movements as the earnings season progresses.