It was another volatile day on Dalal Street, but the bulls managed to stay in control. Strong foreign buying, corporate earnings, and optimism from global tech giants like Microsoft helped benchmarks finish in the green.
Closing bell | Five key takeaways from today’s market action
Indian shares ended on a positive note in a volatile session, with benchmark indices outperforming the broader market. The Sensex gained 274 points to close at 77,928, while the Nifty added 67 points to settle at 24,317, reclaiming and holding above the crucial 24,300 mark.
M&M Q1 Results: Strong volumes aid 23% revenue growth; Stock rises despite margin contraction
Mahindra & Mahindra Ltd., (M&M), the automotive and tractor giant, reported results for the June quarter on Thursday, July 30, which were mostly in-line with analyst expectations. The stock has jumped over 3% in response to the numbers.
Microsoft shares jump 9% in extended trading on results beat, clear spending and cash flow plans
Shares of Microsoft Corp. jumped as much as 9% in extended trading on Wednesday, July 29, after delivering a strong quarterly performance and also assuring the street that despite the drop in free cash flow, the company will remain in the black through fiscal 2027.
Also Read: Meta shares fall up to 10% overnight after results, guidance disappoint street
Foreign investors extend buying streak with ₹3,624 crore inflow as DIIs turn sellers after five sessions
Foreign institutional investors (FIIs) remained net buyers of Indian equities on Thursday, purchasing shares worth ₹3,623.51 crore on a provisional basis, according to exchange data.
As earnings season keeps the newsflow buzzing, traders have plenty to keep an eye on before Friday’s open. Swiggy, Tata Steel, Mazagon Dock and RailTel are among the stocks likely to stay in focus after their latest updates. Meanwhile, the Nifty is quietly showing strength, holding above the 24,300 mark despite uncertain global cues. The big question now is whether the index can clear the 24,350 hurdle and set the stage for a stronger move higher. Here’s a quick look at the key stocks and levels to watch.
Stocks to watch for July 31: Tata Steel, Swiggy, Mazagon Dock, RailTel and more
From Swiggy posting a net loss of ₹791 crore in June quarter earning to RailTel reporting a flat net profit of ₹66 crore; here are stocks to track ahead of Friday trading session.
Nifty Outlook for July 31: Index set for winning weak defying global headwinds; 24,350 key hurdle to cross
Analysts expect the index to consolidate around the 24,300 mark over the next one to two sessions before attempting a decisive breakout towards the 24,600-24,700 zone.
Conflict, Compliance & Commonwealth
From a geopolitical tug-of-war involving China and Iran to a contentious Bill on foreign funding, flood updates from Assam, and India’s clean sweep into the Commonwealth Games javelin final, today’s headlines span diplomacy, policy and sport. Catch up on the biggest developments shaping markets, governance and global affairs—all in one place.
Can China restrain Iran? Gulf states test Beijing’s influence
As the Iran war escalates again, Gulf Arab states are looking to China – not Washington – to use its economic leverage over Iran to open up the Strait of Hormuz and Red Sea, testing how far Beijing is able and willing to pressurise Tehran.
Also Read: A post-Fed checklist for your portfolio
Also Watch: Bond yields surge after US Fed holds rate steady; US Treasuries spike after the pause
New FCRA Amendment Bill sparks controversy over NGO regulations
The proposed FCRA Amendment Bill has triggered a fresh debate over the regulation of NGOs and foreign funding in India. The legislation is expected to introduce stricter compliance requirements, tighter oversight, and enhanced government powers for organizations receiving foreign contributions. Supporters say the move will strengthen transparency and accountability, while critics argue it could impact the functioning of civil society organisations.
Assam flood remains grim; IMD predicts heavy rainfall in Arunachal, Nagaland
The flood situation in Assam remained grim on Thursday even as water receded from most parts of the state, with the death toll rising to 78 and over three lakh people continuing to reel under the deluge, officials said.
Neeraj Chopra, Rohit Yadav and Yashvir Singh reach men’s javelin throw final in Commonwealth Games 2026
India will have a full contingent in the men’s javelin throw final at the 2026 Commonwealth Games after Olympic medallist Neeraj Chopra, Rohit Yadav and Yashvir Singh all progressed from the qualification round on Thursday.
Also Read: India’s new saffron hockey jersey: Why blue has been replaced
That’s all from us tonight. See you tomorrow with another edition of Top 10@10.
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Tarkesh Jha