Stocks to Watch Today, July 9: TCS, SBI, TVS Motor, NALCO, Tata Steel, OMCs, and More in Focus

After one of the sharpest single-day selloffs in weeks, equity market benchmarks will enter Thursday’s trading session likely in the green, as indicated by GIFT Nifty.

The Nifty 50 closed at 23,882.05 on July 8, down 2.12%. The Bank Nifty slid to 56,742.60, down 2.51%, while the Sensex dropped to 76,503.60, down 2.15%. The selloff was mainly due to the spike in crude oil prices above $76/barrel after the US revoked a waiver on Iranian oil sales amid tanker attacks in the Strait of Hormuz.

Some specific stock triggers are expected to move individual counters despite the broader market’s volatile movement. Here are stocks to watch today.

TCS

Tata Consultancy Services is going to report its Q1 FY27 results today, and along with further moves in crude oil, this is the key trigger the market is watching. Nine of the ten Nifty IT index constituents are currently trading up to 27% below their 200-day moving averages, with TCS itself down 25.2% below its own 200-DMA, as per Trendlyne.

TVS Motor Company

TVS Motor Company’s shares will be in focus after the firm entered into a strategic partnership with state-run Indian Oil Corporation Ltd. to scale up LPG cylinder distribution across India.

NALCO

The National Aluminium Company Ltd. on Wednesday, July 8, signed a joint venture agreement with state-run NLC India Ltd. to develop a thermal power plant in Odisha.

Tata Steel

Tata Steel shares will be watched tomorrow as the company declared that crude steel production in India rose 11% year-over-year to 5.82 million tons in the first quarter of the financial year 2026-27.

State Bank of India

State Bank of India’s subsidiary, SBI Funds Management, has filed a Red Herring Prospectus with the Registrar of Companies to launch its IPO for subscription on July 14. SBI will sell a 6.3% stake in SBI Funds Management.

Kalyan Jewellers

Kalyan Jewellers has reported a 38% year-on-year increase in consolidated revenue for Q1 FY27 due to strong performance in both Indian and Middle Eastern markets.

Indian Hotels Company

Indian Hotels Company has signed 20 hotels in Q1 FY27. The hospitality major said it is well poised to achieve a 700-hotel portfolio by 2030.

Mahindra & Mahindra

Mahindra & Mahindra has announced an average price hike of 2.7% across its SUV portfolio and 2% for its commercial vehicle range from July 10.

JSW Energy

JSW Energy said it has commissioned 1,081 MW of renewable energy capacity since April 2026, taking its total installed capacity to 14,535 MW. The newly added capacity includes 442 MW of solar, 108 MW of wind, 381 MW of hybrid, and 150 MW of hydropower projects.

Oil Marketing Companies

OMC shares are expected to stay in focus as major fluctuations in the crude oil prices are being seen after the recent US strikes on Iraq. Further escalation in the West Asian conflict can send up the crude prices, impacting OMCs’ stocks in India.