Muted Monday For Indian Markets: Dabur, Godrej Consumer Rally On Strong Q1 Update, JP Power Soars 20%

Investors remained cautious ahead of the Q1 earnings season and the global trade deal developments. Broader indices slipped slightly, but the retail mood remained bullish on the Nifty 50.
The Bombay Stock Exchange building is in Mumbai, India, on April 8, 2025. (Photo by Indranil Aditya/NurPhoto via Getty Images)
The Bombay Stock Exchange building is in Mumbai, India, on April 8, 2025. (Photo by Indranil Aditya/NurPhoto via Getty Images)
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Preeti Ayyathurai·Stocktwits
Published Jul 07, 2025 | 6:40 AM GMT-04
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Indian equity markets remained in a wait-and-watch mode on Monday, with the Nifty index closing below the 25,500 mark. Caution prevailed in a range-bound session as investors awaited developments on the US-India trade deal and looked for cues from the first-quarter earnings season, which kicks off this week.

The Sensex closed 9 points higher at 83,442, while the Nifty 50 ended flat at 25,461. Broader markets saw mild selling pressure, with the Nifty Midcap index closing 0.3% lower, while the Nifty Smallcap index fell 0.4%. 

However, the retail investor sentiment surrounding the Nifty 50 remained ‘bullish’ on Stocktwits.

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Nifty sentiment and message volume on July 7 as of 4:00 pm IST. | source: Stocktwits

Sectorally, FMCG was the biggest gainer, rising 1.7%, followed by marginal gains in the oil and gas and realty sectors. On the other hand, media, metals, and IT stocks saw selling pressure. 

Among FMCG stocks, Dabur (+3%) and Godrej Consumer (+6%) shares rallied as the street cheered their strong operational update for the first quarter (Q1 FY26). HUL was the top Nifty gainer, gaining 3%.

Meanwhile, Jubilant Foods and Info Edge fell 4% on a disappointing Q1 outlook.

Defense stocks continued to trend lower, led by BEL, which was the top Nifty loser (-3%). Other stocks, such as GRSE (-3%), Paras Defence (-5%), and Astra Micro (-4%), also ended lower. DCX Systems (+3%) bucked the trend on an order win.

Jaiprakash Power Ventures (JP Power) ended 20% higher following media reports that the Adani Group has emerged as the top bidder to acquire Jaiprakash Associates (JP Associates). 

Globally, European markets traded mixed, while US stock futures indicate a positive start on Wall Street. Crude oil prices edged lower after OPEC+ output was boosted more than estimated. 

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