Markets

Sensex and Nifty Poised for Rally as AI Boom Powers Wall Street and Global Equities GIFT Nifty indicates a positive start for Indian equities, suggesting that both the Sensex and Nifty 50 are likely to open higher on Friday. The bullish outlook follows a significant rally in global markets, driven by optimism surrounding artificial intelligence (AI). GIFT Nifty was trading at 24,430 on Friday morning, up 67 points or 0.28 percent, signaling potential gains above the previous close of 24,317 for the Nifty 50.On Thursday, the Sensex closed modestly higher by 274 points (0.35%) at 77,928. The overall gain was balanced as strong performance in information technology stocks offset weaknesses seen in realty, healthcare, capital goods, and...

Oil Plummets as Saudi Arabia Pushes for Maritime Security Coalition Amid Escalating Red Sea Tensions Crude oil prices faced renewed pressure on Friday, continuing a downward trend despite high geopolitical tensions in the Middle East. Brent crude dipped 1.16%, settling at $88 per barrel, while US West Texas Intermediate (WTI) futures fell over 2% to $81.70 per barrel. This movement highlights the complex interplay between military threats and diplomatic security initiatives across key shipping routes.Market Action: Brent and WTI Face Renewed Decline Brent crude settled at $88, reflecting a significant pullback from previous sessions where it had briefly approached an intraday high of $93.31 after Washington and Tehran exchanged...

Cube Highways Trust Converts from Private to Public InvIT; Trading Effective July 31, 2026 Cube Highways Trust has been converted from a Privately Placed Infrastructure Investment Trust (Private InvIT) to a Public Infrastructure Investment Trust (Public InvIT), effective July 31, 2026. This transition signifies the move of the trust into the publicly listed investment sphere.The change in status was confirmed by approval granted by unitholders on February 20, 2026. Subsequently, approvals for this conversion were received from BSE Limited and the National Stock Exchange of India Limited (NSE) on July 30, 2026.The trust's securities will be admitted to dealings on both exchanges following this conversion. Trading in CUBE InvIT shall...

Triton Valves Ltd Secures 5-Year Letter of Agreement with Sensata Technologies for TPMS Valve Supply Triton Valves Limited has signed a Letter of Agreement (LOA) confirming its nomination as a supplier of specialized TPMS valves (Tyre Pressure Monitoring System Valves). The agreement, established on July 30, 2026, is with Sensata Technologies Inc., offering the Indian firm a significant opportunity to enhance its manufacturing capacity and expand business in the long run.The LOA outlines potential sales spanning a period of five years. This strategic partnership involves supplying a certain type of TPMS valves to Sensata Technologies, which is described as a US based company specializing in the design and innovation of sensors for...

KOSPI Rockets 17% on Chip Strength as Global Tech Rally Recoups Massive Selloff South Korea's benchmark KOSPI index staged a dramatic rebound on Friday, surging over 16% to recuperate nearly all of the losses sustained earlier in the week. The powerful rally was fueled by significant gains in key heavyweight chipmakers, including Samsung Electronics and SK Hynix. Trading was briefly halted, mirroring volatility experienced throughout the year amidst sharp market swings.Semiconductor Giants Drive KOSPI Rebound The KOSPI closed at 6,549 points, up 17%, having previously tumbled by almost 17% over the preceding three sessions. This surge comes after a period of intense selling across semiconductor stocks, which had been driven by fears...

Mazagon Dock Profits Surge 22% on Defence Orders; EBITDA Jumps 48% Amid Margin Expansion Mazagon Dock Shipbuilders has generated significant market buzz following the release of its recent quarterly earnings report, indicating robust operational health and strong defense sector demand. The defence Public Sector Undertaking (PSU) delivered a powerful financial performance, characterized by sharp increases in both net profit and operating efficiency during the June quarter.Quarterly Profit and Revenue Performance Breakdown The company reported a substantial 21.5% year-on-year rise in its net profit, which climbed to ₹549.4 crore from ₹452.2 crore. Concurrently, revenue saw a healthy increase of 12.1%, rising to ₹2,943 crore compared to...

Corporate India's Revenue Surges 18 Percent, Setting 15-Quarter High Despite Cost Explosion Corporate earnings across Indian businesses have shown remarkable resilience in the June quarter. Companies reported their strongest top-line growth in nearly four years, achieving a 18 percent year-on-year revenue increase. This performance occurred despite facing significant surges in operational costs, signaling robust domestic demand and pricing power among corporations.Q2 Financial Snapshot: Revenue Jumps as Costs Skyrocket A Moneycontrol analysis covering 574 non-BFSI and non-oil & gas firms confirmed the broad improvement in business activity. Revenue rose by 18 percent year-on-year, marking the highest top-line growth in the last 15...

Gold Set for Potential Rally as Geopolitical Storm Looms Over Suez Canal Spot gold is staging a cautious comeback, poised for its first monthly gain in five months. The surge potential is being fueled by escalating geopolitical tensions while investors carefully weigh the nuanced signals from the Federal Reserve regarding inflation and future interest rate paths. Although currently trading lower on Friday, the metal maintains significant upside momentum as global uncertainty mounts.Gold Market Movement and Commodity Trends Spot gold was registered 0.2% lower at $4,096.29 per ounce, according to data from 0107 GMT. However, August delivery U.S. gold futures showed resilience, gaining 0.1% to reach $4,094.10. Analysts note that the...

Kospi Soars Over 15% as Chip Stocks Surge Back from AI Bubble Fears South Korea's stock market saw a massive rebound on Friday, with the Kospi index surging more than 15 per cent. This sharp recovery was led by domestic technology giants and memory chipmakers following significant downturns earlier in the week.Massive Rebound Fuels South Korean Tech Rally The Kospi rose a remarkable 15.3 per cent in early Asian trading, reaching 6,447.10. The rally mirrored positive trends seen on Wall Street. Leading the surge were domestic technology heavyweights. Samsung Electronics shares surged an impressive 21.5 per cent. Memory chipmaker SK Hynix also experienced explosive gains, soaring 25.6 per cent.The tech sector in Korea had faced...

Yen Surges as Tokyo Intervention Rescues Currency After 40-Year Low; BOJ Decision Looms The Japanese yen experienced a significant recovery after an intervention conducted by Tokyo authorities in the currency markets on Friday. This decisive action pulled the previously sagging currency away from its four-decade lows, sparking renewed buying interest ahead of the Bank of Japan's (BOJ) upcoming policy meeting. The market saw the US dollar gaining up to 0.45% to $160.175 in early trading after it had suffered a sharp decline of 2.4% in its previous single-day session.The Impact of Market Intervention on Yen Stability A market source confirmed that Japan conducted a yen-buying and dollar-selling intervention during the New York session...

Standard Engineering Technology Completes Acquisition of 33.55% Stake in GScale Energy Private Limited Standard Engineering Technology Limited has successfully completed the acquisition of a 33.55% stake in M/s. GScale Energy Private Limited. The transaction was finalized on July 30, 2026, marking a significant milestone for the technology firm.The acquisition involved the remittal of the entire cash consideration, as stipulated under the definitive agreements signed between the companies. Following this payment, M/s. GScale Energy Private Limited allotted equity shares to Standard Engineering Technology Limited on July 30, 2026.With the completion of the stake purchase, Standard Engineering Technology Limited now holds 33.55% of...

Ravindra Energy Secures Term Loan Facility of Up To Rs 100 Crore from Tata Capital Limited Ravindra Energy Limited has secured a Term Loan facility amounting to not exceeding Rs 100 crore from Tata Capital Limited. The loan agreement, executed on July 30, 2026, is intended to fund investments required by the company in solar project SPVs, separate from existing project finance loans at these SPVs.The agreement between Ravindra Energy Limited and Tata Capital Limited outlines the terms of the credit facility. Key details regarding the loan are as follows:FeatureDetailBorrowerRavindra Energy Limited (REL)LenderTata Capital Limited (TCL)Principal AmountNot exceeding Rs 100 CroresExecution DateJuly 30, 2026Interest...

Quick Heal Technologies Reports Q1 FY27 Results; Highlights Strategic Wins and Governance Changes Quick Heal Technologies Limited has announced its unaudited financial results for the quarter ending June 30, 2026. The company reported key strategic advancements across enterprise security, a focus on R&D, alongside updates regarding corporate governance and operational structure following the Board meeting held on July 30, 2026.The consolidated results show the company's performance in Q1 FY27 compared to previous periods. The standalone unaudited financial statements provide details on profitability metrics for the quarter.Financial Summary (in Crores):ParticularsQ1 FY26Q4 FY26Q1 FY27Revenue from Operations57.248.745.0...

Jayant Agro Organics Fixes Record Date for Dividend Proposal in AGM Jayant Agro Organics Limited has announced the record date for its upcoming Annual General Meeting (AGM) and provided details regarding a potential dividend for the financial year 2025-26. The company fixed Friday, August 07, 2026, as the record date to determine members eligible for payment of the equity dividend, should it be declared at the AGM scheduled for Saturday, September 12, 2026.The Board of Directors had previously recommended a final dividend @ 70%, amounting to Rs. 3.50 per share on Equity Shares of Rs. 5/- each fully paid up. This recommendation was made during a board meeting held on Friday, May 29, 2026, and is now subject to approval by the members...

Kotyark Industries Approves Auditor Change, Sets Date for AGM and Announces Dividend Kotyark Industries Limited announced several key decisions following its Board meeting held on July 30, 2026. The outcomes included the approval of a new Statutory Auditor, the appointment of a Secretarial Auditor, and setting the stage for the upcoming 10th Annual General Meeting (AGM), during which management will address the proposed final dividend.The company approved the draft Notice of its 10th AGM and the Directors' Report pertaining to the financial year ended March 31, 2026. The 10th AGM is scheduled to be held on Saturday, August 22, 2026, utilizing a Video Conferencing/Other Audio-Visual Means (VC/OAVM).Dividend and Shareholding Details...

Lemon Tree Hotels Launches Keys Prima in Mussoorie, Boosting Uttarakhand PortfolioNew Delhi, July 30, 2026: Lemon Tree Hotels Limited, a prominent name in the Indian hospitality industry, has announced the opening of Keys Prima by Lemon Tree Hotels, located on Kempty Road in Mussoorie. This property marks the group's second operational hotel in Mussoorie and significantly advances its presence in Uttarakhand, bringing the company's total operational portfolio in the state to 10 hotels, with an additional 11 properties planned across Uttarakhand.Keys Prima by Lemon Tree Hotels is managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. The property features 47 thoughtfully designed rooms...

Silver Touch Technologies Schedules 32nd AGM; Recommends Dividend of ₹0.10 Per Share Silver Touch Technologies Limited has set the date for its 32nd Annual General Meeting (AGM) while recommending a dividend payment to its shareholders. The company also established the record date necessary for determining shareholder entitlement regarding the proposed dividend.The AGM is scheduled for Monday, August 24, 2026, and will be conducted through Video Conferencing or other Audio-Visual Means.Prior to this meeting, the Board of Directors had recommended a dividend amounting to ₹0.10 per equity share of ₹2 each. This recommendation, which represents 5% per equity share, remains subject to approval by the members of the Company at the AGM...

TVS Motor Unveils New Marvel Doctor Doom Variant for Raider Super Squad Edition Bengaluru, July 30, 2026 — TVS Motor Company Limited, a global leader in two and three wheeler manufacturing, has expanded its offerings with the introduction of a new Doctor Doom-inspired variant of the highly popular TVS Raider Super Squad Edition. The new edition targets young riders by combining expressive styling with everyday performance, drawing inspiration from Marvel's iconic characters.The announcement came following the post-credit sequence of the newly released film, Spider-Man: Brand New Day, in select theaters across India. Drawing upon the commanding presence of Doctor Doom, the latest Super Squad Edition features a striking spectral green...

Data Patterns Reports Q1 FY27 Results, Boosts Order Book While Announcing Strategic Acquisition Chennai, July 30, 2026 - The Board of Directors at Data Patterns (India) Limited, a provider of strategic Defense and Aerospace Electronics Systems, approved its limited review financial results for the quarter ending June 30, 2026. In a key operational update, the company also greenlit the acquisition of a Chennai-based composite manufacturing entity to bolster its in-house capabilities.The financial performance metrics show movement across key indicators compared to Q1 FY25–26. Total Income for the quarter stood at Rs. 123.3 Cr, up from Rs. 109.9 Cr, while Revenue from Operations reached Rs. 116.0 Cr, an increase from Rs. 99.3 Cr in the...

ICICI Bank Completes USD 1 Billion Senior Unsecured Fixed Rate Note Issuance ICICI Bank Limited has successfully completed the issuance of USD 1 billion in Senior Unsecured Fixed Rate Notes. This transaction falls under the scope of the bank's larger USD 7.5 billion Global Medium Term Note Programme.The newly issued notes have been assigned credit ratings by leading international agencies. S&P Global Ratings rated the notes at BBB, while Moody's Ratings provided a rating of Baa3.The issuance provides diversification within the context of ICICI Bank Limited's debt financing strategy. The completed transaction involves critical components of the ongoing global note programme.The Notes are scheduled for listing across multiple...