On July 18, Indian equity benchmarks closed lower amid profit booking. The BSE Sensex slipped 501.51 points, or 0.61%, to end at 81,757.73, while the Nifty 50 declined 143.05 points, or 0.57%, settling at 24,968.40.
As of 8:35 AM on July 21, GIFT Nifty futures were trading slightly lower, signalling a cautious start to the trading session. Earnings announcements continue to be the key driver of investor sentiment.
Let’s take a look at the stocks that could steer market movement on July 21, 2025:
HDFC Bank, India’s largest private sector bank posted strong financials for the June quarter, with Net Interest Income (NII) rising 5.4% year-on-year to ₹31,438 crore. Net profit came in at ₹18,155 crore. Additionally, the bank declared a 1:1 bonus share issue and a ₹5 special interim dividend.
JK Cement delivered an impressive Q1 FY26, reporting a 75.5% YoY surge in net profit to ₹324.3 crore. Revenue grew 19.4% to ₹3,352.5 crore, while EBITDA rose 41.4% to ₹687.6 crore. Margins expanded to 20.5%, up from 17.3% in the same quarter last year.
JSW Steel more than doubled its net profit to ₹2,184 crore from ₹845 crore a year earlier, mainly due to a ₹1,400 crore+ drop in total expenses, which fell 3.3% to ₹40,325 crore. Revenue remained largely flat, ticking up just 0.5% to ₹43,147 crore.
RIL kicked off FY26 with a robust performance, reporting a 76% YoY increase in consolidated net profit to ₹26,994 crore. This was driven by strong growth in its consumer-facing businesses and a one-time ₹8,900 crore gain from divesting its stake in Asian Paints. Revenue also climbed to ₹2.44 lakh crore, up from ₹2.32 lakh crore last year.
Yes Bank private lender posted a healthy Q1 FY26, with NII growing 5.8% YoY to ₹2,370 crore and net profit jumping 57% to ₹808.6 crore. Net Interest Margins improved to 2.5%, up 10 basis points from the previous year.
Union Bank of India saw a 3.2% YoY decline in Net Interest Income to ₹9,112 crore for the June quarter. However, net profit grew nearly 12% to ₹4,115 crore, driven by improved asset quality and reduced provisions.
Bandhan Bank reported a Q1 FY26 net profit of ₹372 crore, but marked a 65% YoY drop. Net Interest Income came in at ₹2,757.2 crore, surpassing expectations despite falling 7.7% year-on-year.
RBL Bank had a muted quarter, with NII down 13% YoY to ₹1,480.6 crore. Net profit plunged 46% to ₹200 crore.
Read More: Adani Group Recent Acquisitions Across Power, Ports, and Cement in H1 2025.
Corporate earnings continue to dictate market sentiment, with strong showings from key players like Reliance, HDFC Bank, and JSW Steel counterbalanced by mixed results from others in the banking space. As India navigates through FY26, stock-specific news and earnings surprises are likely to keep traders and investors engaged.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 21, 2025, 8:37 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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