NIFTY50, SENSEX trade flat in afternoon session; IT stocks, Swiggy, Trent among buzzing stocks

The Indian stock market was trading with gains during the afternoon session on Tuesday, July 7, amid foreign fund inflows and easing crude oil prices.

At 1:35 PM, the S&P BSE SENSEX was up 13.58 points, or 0.02%, at the 78,298.75 level, while the NSE's NIFTY50 was trading flat at 24,435.15 level.

Buzzing stocks on July 7: Check list

IT stocks were trading with strong gains on Tuesday ahead of the June quarter (Q1 FY27) earnings season, which is set to begin on Thursday, July 9, with Tata Consultancy Services (TCS) scheduled to announce its quarterly results.

The NIFTY IT index surged as much as 3.22% to 28,156.20 level with all 10 constituents trading in the green. Data show that the index has gained 7% over the past five sessions.

India’s IT services sector is expected to post muted numbers for the June quarter as enterprises remain cautious about discretionary technology spending amid global macroeconomic uncertainty, geopolitical concerns and a growing focus on AI-driven efficiency, analysts note.

Shares of Trent Ltd, the retail arm of the Tata Group, plunged 12.5% on Tuesday after the company reported a 19% year-on-year (YoY) increase in standalone revenue for Q1 FY27.

Trent said standalone revenue from operations (excluding GST) stood at ₹5,666 crore in Q1 FY27, compared with ₹4,781 crore in the corresponding quarter last year. Revenue from the sale of merchandise, excluding other operating income, also grew 19% YoY during the quarter.

Trent continued to expand its retail footprint during the quarter, taking its total store count to 1,312 as of June 30, 2026.

Tata Group’s jewellery and watches arm, Titan Co., shares surged around 4% to a 52-week high on Tuesday after the company posted a healthy double-digit growth outlook for both domestic and international operations and consumer business.

In the latest business update, Titan highlighted that the company’s domestic business registered a 37% YoY growth in the first quarter of the financial year ending 2026-27, compared with the same period last year.

Experts predict that the company is set to gain from the healthy festive season demand in the first quarter results for the financial year ended 2025-26 amid easing headwinds from regulatory uncertainties.

Kalyan Jewellers shares declined as much as 8.6% to touch an intraday low of ₹348.35 apiece on Tuesday despite the company reporting a strong quarter (Q1 FY27).

The jewellery firm said it has witnessed a revenue growth of 38% for India operations during Q1 FY27 as compared to the same quarter in the previous fiscal year. The increase was led by robust operating momentum on the ground with healthy same-store-sales growth (SSSG) across all the key markets in the country despite the 28-day Adhik Maas period falling fully in the recently concluded quarter.

The recently concluded quarter recorded same-store-sales growth of approximately 28%.

Shares of Cochin Shipyard declined as much as 4.4% to ₹1,440 apiece on Tuesday as in the latest disinvestment drive, the government on Monday, post-market hours, announced that it would sell up to a 5% stake in the state-run shipbuilder at a floor price of ₹1,400 per share through an offer for sale (OFS) beginning Tuesday.

With this, the government has launched its seventh disinvestment drive to date.

"The government announces offer for sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52 per cent of its paid-up equity and an additional 2.52 per cent as the green-shoe option in case of oversubscription," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X.

Info Edge India shares jumped as much as 12% to touch an intraday high of ₹1,144.50 on Tuesday after the firm posted its Q1 FY27 business updates.

The operator of job portal naukri.com and matrimonial website Jeevansathi saw a 14.4% increase in its standalone billings at ₹737 crore in Q1 FY27 as compared to ₹644.2 crore in the same quarter of the previous fiscal year.

Its recruitment billings were seen at ₹552.7 crore during the reporting quarter, marking a 17.5% jump from ₹470.3 crore in Q1 FY26. Meanwhile, the real estate (99 acres) billings increased 16.6% to ₹110.1 crore as against ₹94.4 crore in the same quarter of the previous fiscal year.

Shares of the Indian Hotels Company jumped 2% to an intraday high level of ₹752.80 apiece on Tuesday as the firm said it has signed of 20 hotels in the first quarter of FY27 reaching a portfolio of 645 hotels with an industry leading pipeline of 263 hotels.

The firm in a regulatory filing said that IHCL is well poised to achieve its goal of a 700-hotel portfolio under its strategic roadmap.

“With a focus on our growth brands seventeen of the twenty signings this quarter were across Gateway, Ginger and Tree of Life. These included new destinations and emerging markets like Bharatpur, Trichy, Sindhudurg, Jawai, Wayanad and deeper penetration in established markets of Mumbai, Goa, Agra and Kolkata,” said Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL.

Shares of Swiggy rose 6.3% to an intraday high of ₹264.20 apiece on Tuesday after the food and grocery delivery platform said its aggregate foreign investment fell below 50%, becoming a majority Indian-owned company.

However, it clarified that the change by itself does not alter the company's ownership or control status.

In a regulatory filing, the company said aggregate foreign investment, including foreign portfolio investment (FPI), foreign direct investment (FDI) and other indirect foreign investment, stood at approximately 49.76% of its total paid-up equity share capital on a fully diluted basis as of July 6, based on data available from its designated depository.