Indian Stocks Fall 5th Day: ACC Profit Dips, SBI Life Gains

Indian equity markets concluded Friday with a fifth consecutive session of losses, as both the Sensex and Nifty indices registered a 0.43% decline.

Indices opened negatively and remained in the red through the first half of trading. Surging oil prices, exacerbated by escalating Middle East tensions, fueled concerns over energy-driven inflation. Market sentiment also weakened following reports that India’s private sector activity expanded at its slowest pace in July.

ACC Reports Significant Profit Decline

Cement major ACC reported a sharp decline in its profit after tax for the June 2026 quarter.

Profit after tax plummeted by 61.56% to Rs 1480.00 million, down from Rs 3850.00 million in the corresponding quarter last year.

Sales for the quarter decreased by 8.58% to Rs 57660.00 million, compared to Rs 63070.00 million previously.

Operating profit also saw a significant decline, falling to Rs 4930.00 million from Rs 8420.00 million.

SBI Life Insurance Records Robust Growth

In stark contrast, SBI Life Insurance delivered a robust performance during the June 2026 quarter.

Net profit surged by 21.97% to Rs 7249.30 million, up from Rs 5943.70 million in the prior corresponding quarter.

Quarterly revenue rose by 16.88% to Rs 200782.10 million, compared to Rs 171785.00 million.

Operating profit similarly increased to Rs 7931.20 million from Rs 6562.00 million.

Alan Scott Enterprise Appoints Group Chief Mentor

Separately, Alan Scott Enterprise announced the appointment of Mr. Shailesh Haribhakti as its Group Chief Mentor, according to a company press release.

The broader market downturn persisted despite these mixed corporate results, with inflation concerns and slower private sector activity weighing heavily on investor confidence.