E-commerce Sector

Indian benchmark indices ended sharply higher on August 3, with the Sensex gaining 544 points and the Nifty closing at 24,774. Strong buying in IT stocks, easing crude oil prices, improving FII sentiment, and the rollout of the new Closing Auction Session (CAS) drove the rally, while investors remained focused on the upcoming RBI policy meeting.

Swiggy reported a strong Q1 FY27 with a 37% rise in revenue, lower net loss, improved food delivery profitability, and Instamart reaching contribution breakeven. However, the stock declined more than 3% despite the healthy earnings.

Swiggy stock rallied for the third straight session, gaining 7.7% as investors welcomed Nandita Sinha's appointment as Instamart CEO. Improving sentiment after Zepto's reported valuation cut and expectations of better quick commerce profitability further supported the rally.

Sensex and Nifty extended losses for the fifth consecutive session as rising crude oil prices, US-Iran tensions, weak Wall Street cues, and higher bond yields weighed on investor sentiment. IT and Media stocks outperformed, while Auto stocks led the decline.

Swiggy shares came under sharp selling pressure after the company proposed capping foreign ownership at 49.5%. The move has sparked concerns over potential exclusion from MSCI and FTSE indices, with analysts estimating passive outflows of nearly $500 million despite the company's long-term quick commerce strategy.

Indian stock market extended its losing streak on July 23, 2026, with the Sensex falling 363 points and the Nifty closing below 23,900. Escalating US-Iran tensions, higher crude oil prices, persistent FII selling, and weak global sentiment weighed on markets, while the Auto sector emerged as the lone outperformer.

Eternal, formerly known as Zomato, posted a strong set of Q1 FY27 results with a 3.7X rise in net profit and record operating revenue of ₹20,211 crore. The impressive performance was driven by Blinkit's rapid growth, which accounted for over 77% of total revenue and delivered positive EBITDA for the first time.

Indian benchmark indices ended sharply lower on July 22, 2026, with Sensex falling 715 points and Nifty closing below the 24,000 mark. Investor sentiment weakened after US President Donald Trump's proposed tariffs on imported generic medicines, escalating US-Iran tensions, rising Brent crude oil prices, a weaker rupee, and heavy selling in banking, pharma and IT stocks. Despite the broader market weakness, Bajaj Auto and Nestlé India gained on the back of strong Q1 FY27 earnings.

Indian benchmark indices ended largely unchanged on July 16, 2026, with IT and Auto stocks supporting the market while Realty and Financial Services lagged. Rising Brent crude prices, fresh US-Iran tensions, weak global cues, and profit booking ahead of the Q1 earnings season kept investor sentiment cautious despite selective sectoral gains.

Swiggy Instamart and HPCL have launched India's first on-demand LPG cylinder delivery service through a quick-commerce platform. The pilot begins in Bengaluru, offering 5 kg and 10 kg cylinders without requiring an existing HP Gas connection, while Swiggy stock gained 1.06% following the announcement.