Market news
The top Indian stock-market stories of the day — concise, sourced, and linked to our free analysis of the stocks involved.
Adani Enterprises swung to a net loss of ₹1,160 crore in the June quarter of FY27, even as revenue from operations climbed 50% year-on-year to ₹32,924 crore. The result highlights the cost pressures and heavy investment outlays weighing on the conglomerate's flagship listed entity.
Asian Paints delivered a robust first quarter for FY27, with consolidated net profit rising 40% year-on-year to ₹1,539 crore and net sales growing 18% to ₹10,521 crore. Margin expansion was driven by price hikes, sourcing efficiencies, and disciplined cost management.
Amazon Web Services India posted a more than tenfold jump in consolidated net profit to ₹242.8 crore in FY26 as consolidated revenues grew 21% to over ₹20,000 crore. Separately, renewable energy firm Juniper Green Energy raised ₹539.4 crore from anchor investors ahead of its IPO opening on July 30.
Brent crude oil prices jumped more than 7% to cross $90 per barrel on July 29 after renewed airstrikes in the Middle East and warnings from US President Trump over Iranian attacks raised the spectre of severe supply disruptions. India, which imports nearly 90% of its oil, faces a potential surge in its import bill.
Eicher Motors delivered a strong first quarter for FY27, with consolidated net profit rising 21.4% to ₹1,462 crore on the back of record motorcycle sales volumes at Royal Enfield and robust commercial vehicle performance. The company also announced a ₹1,225 crore investment in a new greenfield plant in Andhra Pradesh.
The US Federal Reserve held interest rates steady for the fifth meeting in a row, with Chair Kevin Warsh citing persistent inflation and Middle East tensions as key uncertainties. Markets are now pricing in a possible rate hike as early as September.
Inox Wind has won a repeat 200 MW end-to-end turnkey order from NLC India valued at ₹1,600 crore, to be commissioned within 24 months. The win lifts the company's total order book to 4.7 GW.
Manipal Health Enterprises launched its ₹9,275-crore IPO on July 29, but a grey market premium of just 2% suggests investors should temper expectations of a strong listing pop. Most brokerages back the issue for the long term while flagging premium valuations.
Foreign institutional investors trimmed holdings in seven of ten Nifty IT stocks during the June quarter, yet the index still posted a 16% gain through July. Oracle Financial Services Software was the standout, recording the largest increase in FII stake.
A busy earnings day awaits Indian markets on July 29, with major companies including Adani Enterprises, Adani Ports, Asian Paints, Eicher Motors, Waaree Energies, Dabur India, and Bajaj Housing Finance all scheduled to report their April–June 2026 quarterly results.
Star Health and Allied Insurance posted a 25% rise in net profit to ₹550 crore for the June 2026 quarter, driven by a 19% jump in gross written premium to ₹4,287 crore and a significant surge in underwriting profit. The insurer settled 9.6 lakh claims during the period with a 91% retail settlement rate.
Swiggy shares extended a strong three-day rally, gaining 8% on the day and 15% over the period, buoyed by the appointment of former Myntra CEO Nandita Sinha to lead its Instamart quick-commerce business. The move comes as competition in India's fast-delivery sector intensifies, and rival Zepto is reported to be reconsidering its IPO valuation.
Shares of Thangamayil Jewellery hit the 10% lower circuit on July 29 even after the company reported an 86% year-on-year jump in net profit to ₹85 crore for Q1 FY27. Weak forward guidance appears to have overshadowed the strong headline numbers, triggering a sharp selloff.
Waaree Energies posted a 15.39% jump in net profit to ₹892 crore for Q1 FY27, backed by a record order book of approximately ₹61,500 crore and a sharp 41.5% year-on-year surge in module production volumes.
Adani Energy Solutions attracted bids worth over Rs 10,800 crore for its Rs 3,500 crore qualified institutional placement, which was oversubscribed 3.1 times with strong participation from foreign investors, domestic mutual funds and Azim Premji's investment arm.
Ambuja Cement posted a sharp decline in first-quarter FY27 earnings, with net profit falling roughly 34% year-on-year to Rs 577 crore and revenue sliding 7.5% to Rs 9,474 crore.
Coforge posted a 63% year-on-year rise in net profit to ₹519 crore in the June quarter of FY27, with revenue climbing nearly 50% to ₹5,528 crore, propelled by the Encora acquisition and surging demand for AI-led technology services.
Crude oil prices tumbled more than 5% on Tuesday as optimism around US-Iran diplomatic talks eased supply disruption fears, with Brent crude dropping to $80.67 — part of a dramatic near-20% decline over just three trading sessions.
Bond markets globally are on edge as Citadel Securities backed a potential US Federal Reserve rate hike under new Chairman Kevin Warsh, a move that also paused a recent rally in Indian government bonds ahead of the Fed's policy decision.
The allotment of shares for the Indo-MIM IPO is expected to be confirmed on July 28, 2026, with grey market premium remaining strong, and investors able to check their allotment status through NSE, BSE, or registrar MUFG Intime.
South Korea's benchmark Kospi index tumbled over 8% on July 28, shedding more than 550 points and triggering emergency 'sidecar' trading curbs, even as global sentiment received some support from US-Iran diplomatic developments.
Larsen & Toubro posted a consolidated net profit of ₹4,123 crore for the first quarter of FY27, marking a 14% year-on-year increase. Revenue also grew 7% over the same period last year.
Manipal Health Enterprises has secured ₹4,167 crore from marquee anchor investors, including ADIA and Morgan Stanley, ahead of its IPO opening on July 29, 2026, which targets a total raise of ₹9,275 crore.
The Nasdaq 100 has entered correction territory in a rapid 38-session decline, as investor concerns around the return on AI infrastructure spending triggered a broad sell-off in semiconductor and technology stocks.
Anand Rathi AMC has forecast low-teen returns for the Nifty as the June-quarter earnings season gets underway, with major companies including Larsen & Toubro and Hindustan Unilever set to report Q1 FY27 results on July 28.
Radico Khaitan delivered a record first quarter for FY27, with net profit rising 76% year-on-year to ₹229.60 crore and revenue climbing 13.2% to ₹5,867.69 crore. A 35.8% surge in Prestige and above segment volumes was a key growth driver.
The Indian rupee opened 15 paise stronger at 95.76 per US dollar on July 28, touching a two-week high, even as gold and silver prices declined on the MCX amid profit-booking ahead of the US Federal Reserve's policy decision.
Sterlite Technologies has emerged as one of the standout performers in Indian markets in 2026, surging over 400% as foreign institutional investors nearly tripled their shareholding to 19.7%, fuelled by strong quarterly results and growing AI data centre-related demand.
Suzlon Energy reported a 6% year-on-year decline in consolidated net profit to Rs 305 crore for Q1 FY27, even as revenue from operations climbed 22.5%, with shares falling more than 5% in the session following the announcement.
Varun Beverages reported a 15% rise in Q2 CY2026 net profit to Rs 1,525 crore alongside strong revenue growth, but EBITDA margins contracted following the consolidation of the recently acquired South African beverages business Twizza, sending shares down 5%.
Zerodha co-founder and CEO Nithin Kamath has flagged that the introduction of a Closing Auction Session for F&O stocks from August 3 could reduce the brokerage's revenue by 1–5%. The mechanism is designed to improve price discovery and reduce index distortions.
Adani Energy Solutions has launched a qualified institutional placement to raise ₹3,500 crore, setting the floor price at ₹1,698.15 per equity share. Proceeds are earmarked for capital expenditure and loan repayments.
Two major public-sector undertakings reported their first-quarter FY27 results on July 27, with Coal India recording near-flat profit growth despite announcing an interim dividend, while Bharat Electronics delivered stronger top-line expansion of 25%.
Lohia Corp's initial public offering wrapped up its final day with overall subscriptions of over 7.26 times, with the qualified institutional buyer portion attracting nearly 9 times the shares on offer. The company, which reported revenues of ₹1,716.99 crore in FY26, is set to debut on the exchanges on 30 July 2026.
The Sensex jumped 776 points and the Nifty 50 rose 229 points on July 27, driven by a sharp fall in crude oil prices after the United States and Iran agreed to pause military hostilities.
Tata Chemicals reported an 81% year-on-year decline in consolidated net profit to ₹60 crore for the June 2026 quarter, weighed down by significantly higher expenses. Total income, however, improved to ₹4,311 crore during the period.
Tata Power's board has approved a plan to raise up to ₹4,500 crore through non-convertible debentures or alternative debt instruments via private placement. The funds will be used to refinance existing loans and address other corporate requirements.
Axis Bank and Kotak Mahindra Bank both delivered robust Q1 FY27 earnings, with net profits rising 23% and 26% year-on-year respectively, driven by healthy loan growth and improved asset quality.
HDFC Bank reported a 5% year-on-year increase in standalone net profit to ₹19,060 crore for Q1 FY27, with net interest income growing 7%, provisions falling sharply, and asset quality remaining stable.
ICICI Bank delivered a strong first-quarter performance for FY27, with standalone net profit rising nearly 16% year-on-year to ₹14,805 crore, comfortably ahead of pre-result analyst forecasts that had pegged earnings closer to ₹13,164 crore.
JK Cement reported a 15.3% year-on-year decline in Q1 FY27 net profit to ₹274.62 crore, as a 25.5% surge in total expenses outpaced a 20.25% rise in revenue from operations to ₹4,031.72 crore.
Technical textile machinery manufacturer Lohia Corp is set to launch its initial public offering on July 23, 2026, with the issue structured entirely as an offer for sale of over 2.59 crore shares.
Online travel giant MakeMyTrip has initiated the process for a domestic Indian listing by filing a confidential Draft Red Herring Prospectus with SEBI, marking a significant milestone 15 years after the company debuted on Nasdaq.
Yes Bank and Punjab National Bank both reported strong year-on-year profit growth in Q1 FY27, with PNB's 214% surge reflecting a low base from the prior year and Yes Bank continuing its recovery trajectory.
Federal Bank delivered a robust set of Q1 FY27 results, with net profit climbing 36.5% year-on-year to ₹1,177 crore, driven by strong net interest income growth and markedly improved asset quality.
Foreign institutional investors have turned net buyers of Indian equities in July after a historic $29 billion outflow, with Jefferies' Christopher Wood pointing to the AI-driven rally in Korea and Taiwan as the primary catalyst for earlier exits.
HCL Technologies has expanded its long-standing relationship with US-based Guardian Life Insurance through a new seven-year agreement focused on AI-powered modernisation and operational transformation. The deal is expected to bring HCL Tech shares into focus on Thursday.
Indian benchmark indices are expected to open cautiously on July 17, with Gift Nifty trading near flat versus Nifty futures' previous close. A global selloff in chip stocks, elevated crude oil prices, and ongoing Middle East tensions are the key overnight developments shaping early market direction.
JSW Steel and Oberoi Realty both reported standout Q1 FY27 earnings, with JSW Steel's net profit more than doubling to ₹4,696 crore and Oberoi Realty's profit rising 29% to ₹544 crore alongside a ₹2 interim dividend.
Reliance Industries reported a sharp 22% year-on-year decline in consolidated net profit for Q1 FY27, weighed down by a one-time exceptional item, though revenue grew robustly by over 25%.
Reliance Jio, the IPO-bound telecom arm of Reliance Industries, posted a 9% year-on-year rise in net profit to ₹7,764 crore for Q1 FY27, with Average Revenue Per User climbing to ₹215.6.
Quick-commerce startup Zepto is on the verge of closing its IPO anchor book, with sovereign wealth fund Norges Bank and domestic investment firm Motilal Oswal together expected to anchor 40–45% of the approximately ₹11,000 crore issue at a valuation of $5.1 billion.
ABB India shares surged as much as 10% on Thursday after global parent ABB reported strong second-quarter results accompanied by a sharp rise in order inflows from India, lifting investor expectations for the domestically listed entity.
State-owned engineering giant BHEL swung to a consolidated net profit of ₹377 crore in Q1 FY27, compared to a loss in the same period last year, driven by 40% revenue growth and a sharp recovery in operating margins.
HDB Financial Services posted a strong June quarter with net profit rising 38% year-on-year and net interest income growing 20%, though leading brokerages maintained Neutral ratings citing steady rather than exceptional performance.
ITC Hotels delivered a strong June quarter, with net profit rising 35% year-on-year to ₹180 crore and revenue climbing nearly 15% to ₹936 crore, while simultaneously announcing the acquisition of GHK Hospitality.
Jio Financial Services delivered a standout first quarter for FY27, with net profit surging 156% year-on-year to ₹830 crore and revenue exceeding ₹2,000 crore for the first time.
Mangalore Refinery and Petrochemicals, a subsidiary of ONGC, swung sharply to profitability in the June quarter with a net profit of ₹945.68 crore, driving its share price up more than 13% on Thursday.
Polycab India delivered its best-ever first quarter, with revenue climbing 39% year-on-year and net profit rising 33% to ₹797 crore, driven by robust demand in wires and cables and strong growth in its fast-moving electrical goods segment.
A busy earnings day unfolds on July 16 as Wipro, Tech Mahindra, Jio Financial Services, BHEL, and several other major Indian companies announce their first-quarter FY27 results, with Tech Mahindra expected to post double-digit profit growth driven by telecom deal wins.
SBI Funds Management's ₹9,813 crore IPO wrapped up its subscription window with blockbuster demand, receiving nearly 65 lakh applications — the most for any IPO so far in 2026 — and closing at 42 times overall subscription.
South Korean equities dropped sharply on Thursday after the Bank of Korea raised its benchmark interest rate for the first time in more than three years, while selling in major chipmakers including SK Hynix and Samsung Electronics intensified the market decline.
Angel One delivered a standout first quarter for FY27, with consolidated profit after tax more than doubling year-on-year to ₹231.4 crore. The discount broker also declared an interim dividend of ₹1 per share.
Groww's parent company posted a near-doubling of net profit in the June quarter, driven by strong traction in newer products and continued dominance in direct mutual fund distribution. Shares rallied 8% on the results.
Three major Indian financial services firms — HDFC AMC, HDFC Life Insurance, and ICICI Prudential Life Insurance — reported healthy double-digit profit growth for Q1 FY27, reflecting robust demand across mutual funds and life insurance products.
A historic 25% single-day plunge in IBM shares following weak preliminary quarterly results has sparked fears of spillover selling in Indian IT heavyweights including TCS, Infosys, and Wipro.
ICICI Lombard reported a steep 46% fall in first-quarter profit, weighed down by a slowdown in commercial insurance, two significant fire insurance losses, and higher motor insurance reserves, even as retail health and motor segments showed underlying resilience.
Patanjali Foods shares plunged 20% to a fresh 52-week low on Wednesday, continuing a steep multi-session slide that has nearly halved the stock's value from its year-ago peak. The company cited no material developments behind the fall.
PayPal shares surged more than 15% after reports emerged that Stripe and Advent International had made a $53 billion buyout offer for the payments giant, potentially marking one of the largest fintech acquisitions in history.
The SBI Funds Management IPO crossed 68% subscription after its first day, with grey market activity suggesting a potential 15–16% listing premium when shares debut on July 21.
Union Bank of India grew its net profit by 27.5% year-on-year to ₹5,641 crore in the June 2026 quarter, supported by overseas deposit mobilisation through an RBI-designated window and growth in low-cost deposits.
Gautam Adani's real estate holdings surged to ₹90,400 crore — up ₹38,000 crore — even as the broader BSE Realty Index fell 20%, while auto dealership firm Landmark Cars jumped 17.5% to a six-month high after reporting record June-quarter revenue of ₹1,733 crore.
Mylan offloaded a ₹1,839 crore stake in Biocon through a block deal, drawing strong interest from domestic mutual funds, insurers and foreign investors, with ICICI Prudential Mutual Fund emerging as the single largest buyer.
Goldman Sachs reported second-quarter profits well ahead of analyst expectations, powered by record equities trading revenue and a significant jump in investment banking fees as corporate deal-making accelerated.
IBM's worse-than-expected quarterly revenue forecast has rattled the broader technology sector, with Indian IT giants Infosys and Wipro seeing their US-listed shares fall sharply amid concerns over shrinking enterprise software budgets.
The Indian government and Life Insurance Corporation are reviewing fresh bids for a combined 60.72% stake in IDBI Bank, covering the government's 30.48% holding and LIC's 30.24%, with the sale also involving the transfer of management control.
Major US banks delivered robust second-quarter results, with JPMorgan Chase reporting record profits driven by surging investment banking fees and a 35% jump in market revenues, as Bank of America and Wells Fargo also exceeded analyst expectations.
The Reserve Bank of India has floated a proposal to allow mutual funds, insurance companies, and pension funds to increase their shareholding in banks up to 10% through a single regulatory approval, removing the need for repeated clearances.
SBI Funds Management's ₹9,812.91 crore initial public offering saw overall subscription of 0.71 times on its first day, with the non-institutional investor segment leading demand and grey market data suggesting a potential 16% premium at listing.
The government's offer-for-sale in Cochin Shipyard opened for retail investors on July 8, 2026, even as the stock dropped over 2%; the non-retail portion had already been subscribed 3.52 times.
In a landmark shift in Indian market ownership, the domestic mutual fund industry has overtaken foreign institutional investors in total assets under custody for the first time, reflecting the growing power of retail participation through systematic investment plans.
South Korea's benchmark Kospi index entered bear market territory on July 8 after falling more than 20% from its peak earlier this year, dragged down primarily by a sharp selloff in semiconductor giants Samsung Electronics and SK Hynix amid broader concerns about AI-driven chip valuations.
Michael Burry, the investor made famous by his prescient bet against US mortgage markets ahead of the 2008 financial crisis, has ramped up short positions against leading AI chipmakers including Nvidia, AMD, and Micron through the iShares Semiconductor ETF, reviving debate about stretched valuations in the AI rally.
Escalating US-Iran conflict pushed Brent crude above $75 per barrel and weakened the Indian rupee by 20 paise to 95.17 against the US dollar at the open on July 8, 2026.
Indian benchmark indices suffered a sharp selloff on July 8, with Sensex plunging up to 1,600 points and Nifty sliding below the 24,000 level, driven by soaring crude oil prices and escalating geopolitical tensions after US President Donald Trump declared the ceasefire with Iran 'over'.
TCS is set to kick off the IT sector's earnings season on July 9, 2026, with analysts forecasting subdued sequential revenue growth and modest profit gains as weak client spending, wage costs, and AI-driven pricing pressures weigh on performance.
The government's offer for sale in Cochin Shipyard was subscribed 3.52 times by non-retail investors on Day 1, prompting the exercise of the full green-shoe option and opening retail bidding on Day 2.
Global semiconductor stocks came under heavy selling pressure on July 7, with Micron shedding 7.3% and Intel falling 8.2%, as investors questioned the durability of the AI-led rally even after Samsung reported strong earnings.
The Reserve Bank of India announced an overnight variable rate repo auction of Rs 25,000 crore for July 8, aiming to calibrate system liquidity after a previous auction saw limited engagement due to excess liquidity conditions.
Indian benchmark indices ended lower on July 7, snapping a four-session winning run as investors booked profits in auto and metal stocks amid rising oil prices and cautious global sentiment.
Wipro has scheduled its board meeting for July 16 to approve first-quarter FY27 financial results and consider declaring an interim dividend, even as the IT major's shares have declined about 34% in 2026 so far.
Elevated copper prices, supply disruptions and the demands of the energy transition are accelerating a structural shift toward aluminium as a preferred substitute across manufacturing and automotive industries globally.
AMFI's CEO Venkat N. Chalasani has outlined an ambitious roadmap for India's mutual fund industry to reach 10 crore investors and Rs 150 lakh crore in assets under management by 2030, citing structural tailwinds from SIP growth and regulatory reform.
Gold prices have corrected sharply from record highs under pressure from a stronger US dollar and elevated bond yields, but a combination of weak US jobs data, central bank buying and geopolitical tensions could set the stage for the next leg upward.
HDFC Bank has reported a strong Q1 FY27 business update with advances touching Rs 31.27 lakh crore and deposit growth of 14.7% year-on-year, even as its shares remain under pressure in 2026.
Historical data shows the Nifty 50 has posted gains in July 72% of the time over the past 25 years, with an average monthly return of 2.19%, while current macro conditions broadly support the continuation of that seasonal trend.
Senco Gold's Q1 FY27 business update delivered a standout 60% revenue increase and 38% same-store sales growth, underpinned by robust festive demand and an aggressive retail expansion strategy.
Retail investors piled into small-cap stocks during the March 2026 quarter, with more than 100 Nifty Smallcap 500 names delivering gains of 25–185% since April, and at least four turning multibaggers.
TVS Motor has reported record Q1 FY27 sales, powered by strong export volumes and electric vehicle growth, but analysts warn that the stock's elevated valuation leaves virtually no margin for any operational misstep.
Yes Bank has released its Q1 FY27 business update, reporting a 14.3% year-on-year rise in CASA deposits alongside a board-approved plan to raise up to Rs 16,000 crore through equity and debt instruments.
Two of India's largest FMCG companies — Godrej Consumer Products and Dabur India — have both flagged robust first-quarter revenue growth, with volume expansion and price adjustments helping offset rising input and packaging costs.
IDFC First Bank reported robust provisional Q1 FY27 numbers, with its loan book crossing Rs 3.05 lakh crore and deposits growing at a healthy pace, sending shares up nearly 2%.
KPIT Technologies has seen its shares plummet 25% over five trading sessions to near a four-year low of ₹558.65, wiping out over ₹5,000 crore in market capitalisation after the company issued a weak revenue outlook that prompted multiple brokerage downgrades.
The Indian primary market stays active with Kusumgar setting its IPO price band at Rs 398–419 for a July 8 opening, and Pragyawan Technologies filing its DRHP with SEBI for a Rs 400 crore IPO.
The London Metal Exchange has approved Adani Enterprises' Kutch Copper unit as a listed brand, allowing warrants to be issued from July 10 and potentially reducing India's copper import dependence.
Manipal Health Enterprises, backed by Singapore's Temasek, has secured SEBI's approval for what could be one of India's largest-ever healthcare IPOs, aiming to raise up to $1.2 billion with a listing targeted for late July or early August.
With the Nifty 50 trading at 18.8x forward P/E — roughly a 10% discount to its long-period average — analysts are identifying banks, auto, metals, and healthcare as preferred sectors heading into the second half of 2026.
India's market regulator has granted approval to fintech unicorn Moneyview and Chandan Steel to proceed with their initial public offerings, adding fresh momentum to the country's busy IPO calendar.
The Sensex gained 262 points and the Nifty 50 closed above 24,250 on July 3, with IT and pharma sectors driving gains even as capital goods stocks faced sharp declines.
A new daily roundup of the top Indian stock-market stories — concise, sourced, and linked straight to our free analysis of the stocks involved.