Market Midday, 7 August 2026: Sensex, Nifty 50 Slide In Afternoon Trade
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Sensex and Nifty 50 traded lower amid uncertainty over the US-Iran peace deal. Broader markets, however, traded mixed. Read more.
The Sensex and Nifty 50 declined in afternoon trade. This followed conflicting statements and actions from the US and Iran regarding the peace deal. At 11:47 am, the Sensex was down 0.50%, while the Nifty 50 was down 0.27% at the same time.
Broader markets sent mixed signals. At 11:48 am, the Nifty Midcap 100 was up 0.20%, while the Nifty Smallcap 100 was up 0.14% at the same time. Sector-wise, the Nifty IT outperformed while the Nifty PSU Bank and Nifty Financial Services underperformed.
Top Stocks On Nifty 50 Today
Stocks of the following firms were the top five performers on the Nifty 50 index at around 11:48 am:
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Tata Consultancy Services Ltd.
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Mahindra & Mahindra Ltd.
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Nestle India Ltd.
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Oil & Natural Gas Corporation Ltd.
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HCL Technologies Ltd.
Stock-Specific Action
Life Insurance Corporation of India (LIC) shares rose 2.5% in early trade after the insurance behemoth reported a 23% year-on-year (YoY) rise in standalone net profit.
Britannia shares gained 4% in intraday deals after the company reported a 14% YoY rise in its net consolidated profit for Q1 FY27.
Siemens Energy India shares surged 7.36% in early trade after the company reported a 68% year-on-year (YoY) growth in its Q1 FY27 results.
Indraprastha Medical Corporation Limited shares rallied 8.59% in early trade after the company reported a healthy Q1 FY27 performance.
Q1 FY27 Results Today
Several companies are likely to declare their Q1 FY27 results today, including:
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Afcons Infrastructure
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Azad Engineering
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BLS International Services
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Cello World
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Dalmia Bharat Sugar and Industries
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Dynamic Technologies
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Godrej Consumer Products
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Electrosteel Castings
Markets are likely to remain volatile through the rest of the session as investors track further developments around the US-Iran situation, which continues to influence global risk sentiment.
Stock-specific moves driven by Q1 FY27 earnings are expected to keep trading activity elevated, while the performance of information technology (IT) heavyweights and financial stocks could determine whether benchmark indices recover from intraday lows or extend their losses into the close.
Also Read - Gold Prices Jump 4.8% This Week to 7-Week High as Oil Falls on Iran Peace Hopes | Commodity Markets Today
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, visit www.kotakneo.com/disclaimer
Vishwa is a content and SEO strategist with 10+ years of experience across fintech and FMCG. She has a knack for connecting dots others miss, spotting trends early, and finding angles on topics most miss to question.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide.
Outside work, she's drawn to art, painting and architecture, and enjoys travelling to explore them firsthand.
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