Stock To watch Today (July 9): Indian benchmark equity indices ended sharply lower on Wednesday as rising geopolitical tensions in the Middle East and soaring crude oil prices triggered heavy selling across sectors. The BSE Sensex plunged 1,677.12 points (2.15%) to close at 76,503.60, while the NSE Nifty 50 declined 516.65 points (2.12%) to settle at 23,882.05. Investors turned cautious after renewed military action between the United States and Iran increased concerns over global energy supplies and inflation.
Despite Wednesday’s steep decline, early indicators suggest the market could witness a positive start on Thursday, July 9. Gift Nifty was trading around 23,980, indicating a likely higher opening compared with Wednesday’s close. Although Gift Nifty points to a positive opening, market participants are expected to remain cautious as geopolitical developments continue to influence global markets.
Stocks to Watch Today (July 9, 2026)
Tata Steel
Tata Steel reported strong operational performance for the first quarter of FY27. Crude steel production in India rose 11% year-on-year to 5.82 million tonnes, while deliveries increased 9% to 5.17 million tonnes. Higher output from the company’s Jamshedpur and Kalinganagar plants supported the growth.
Tata Consultancy Services (TCS)
TCS is scheduled to announce its Q1 FY27 financial results on July 9. Investors will closely monitor revenue growth, client spending trends, deal wins and management commentary on demand across global markets.
State Bank of India (SBI)
SBI informed that its asset management subsidiary, SBI Funds Management Ltd (SBIFM), has filed a Red Herring Prospectus (RHP) for its upcoming initial public offering. The IPO will be an Offer for Sale (OFS) of up to 203.7 million equity shares, representing around 10% of the company’s paid-up equity capital. Public subscription is scheduled to begin on July 14.
Fortis Healthcare
Fortis Healthcare approved the reappointment of Ashutosh Raghuvanshi as Managing Director for another two-year term, effective March 19, 2027.
JSW Energy
JSW Energy commissioned 1,081 MW of renewable energy capacity since April 2026, increasing its total installed capacity to 14,535 MW.
The newly commissioned capacity includes:
- 442 MW Solar
- 108 MW Wind
- 381 MW Hybrid
- 150 MW Hydro
The expansion strengthens the company’s renewable energy portfolio.
JSW Infrastructure
JSW Infrastructure has officially taken over the development of a 52-million-tonne-per-annum captive jetty in Odisha. The project follows the recent start of construction of JSW Steel’s mega steel plant in the state and is expected to strengthen logistics capabilities.
Pidilite Industries
Pidilite expects domestic demand to remain stable during FY27, supported by government spending and infrastructure investment. However, the company cautioned that rising raw material costs and supply chain disruptions linked to the West Asia conflict could pressure margins.
Crude Oil-Sensitive Stocks
Oil marketing companies, aviation firms and paint manufacturers are likely to remain in focus after crude oil prices surged amid renewed tensions in West Asia. Higher crude prices generally increase input costs for these sectors.
NALCO
State-owned National Aluminium Company Ltd (NALCO) signed a joint venture agreement with NLC India Ltd to establish a new company that will build a 1,080 MW captive thermal power plant at Angul in Odisha.
Mahindra & Mahindra
Mahindra & Mahindra announced a price hike across its vehicle portfolio.
- SUV prices will increase by an average of 2.7%
- Commercial vehicle prices will rise by 2%
The revised prices will take effect from July 10, 2026.
IRB Infrastructure
IRB Infrastructure reported a 28% year-on-year increase in toll collections for June 2026. Gross collections reached a record ₹8.08 billion, compared with ₹6.31 billion during the same month last year.
TVS Motor and Indian Oil Corporation
TVS Motor partnered with Indian Oil Corporation (IOC) to improve last-mile LPG cylinder delivery through sustainable commercial mobility solutions, expanding the use of electric mobility in logistics.
HFCL
Telecom technology company HFCL introduced OptiQ AI, its new unified brand identity for the company’s integrated optical connectivity product portfolio.
What Should Investors Watch?
Investors will closely monitor:
- TCS Q1 FY27 earnings announcement.
- Progress in the SBI Funds Management IPO.
- Crude oil price movements and developments in the US-Iran conflict.
- Global market trends and Gift Nifty signals.
- Stocks sensitive to higher oil prices, including aviation, paints and oil marketing companies.
While Gift Nifty indicates a positive opening, volatility is likely to remain elevated as geopolitical tensions and commodity prices continue to influence investor sentiment.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered investment, financial, or trading advice. Investors are advised to consult a qualified financial advisor before making any investment decisions.
