Markets

Infosys Leads Tech Rally as Sensex Trades Flat Ahead of US Fed Meeting; Oil Plunges Amid Geo-Diplomacy Hopes The Indian stock markets, led by the technology sector, saw mixed trading as benchmark indices held steady in anticipation of the upcoming U.S. Federal Reserve meeting. The 30-share Sensex traded at 76,800, while the 50-share Nifty hovered near the 24,000 level. While major banking and infrastructure stocks lagged, technology giants experienced a notable rally, cushioning against global market volatility.Technology Stocks Lead Gains Despite Global Tech Sell-off The domestic rally was largely driven by the IT sector. Stocks like Infosys, Tech Mahindra, HCL Tech, and Eternal managed to gain up to 3%, highlighting India's...

Xtranet Technologies IPO Allotment Today: Stock Debuts on BSE as Strong Subscription Drives Market Buzz Xtranet Technologies, an established IT solutions provider, is set to finalize its Initial Public Offering (IPO) allotment on Tuesday. Investors who subscribed to the Rs 166.80 crore issue are expected to receive updates regarding their share allocation soon. The stock is scheduled for listing debut on both the BSE and NSE markets starting July 30.Grey market sentiment remains cautiously optimistic ahead of the listing, with the Grey Market Premium (GMP) standing at around Rs 8 per share. This GMP suggests a potential listing price near Rs 135, which is approximately 6% above the IPO's upper issue price of Rs 127. However, industry...

Torrent Pharmaceuticals Appoints Shanti Ekambaram as Additional Independent DirectorTorrent Pharmaceuticals Limited has approved the appointment of Shanti Ekambaram as an Additional Independent Director, effective from July 30, 2026. The Board of Directors sanctioned the move based on the recommendation of its Nomination and Remuneration Committee. Ms. Ekambaram will serve for a term of three consecutive years, subject to subsequent shareholder approval.The appointment fulfills the requirement for an Independent Director at the company. Ms. Ekambaram is not related to any other director of Torrent Pharmaceuticals Limited and is not debarred from holding the office of a director by any regulatory authority.<h2>Profile of Shanti...

Zhongji Innolight Surges into Hong Kong Market, Securing Asia's Second Largest IPO as AI Boom Drives Valuations Chinese optical components manufacturer Zhongji Innolight has successfully completed its highly anticipated listing in Hong Kong, having raised HK$53.41 billion ($6.81 billion). The offering is set to be the largest share sale in nearly seven years for the city, underscoring the growing appetite for high-tech manufacturing firms in Asia.The company sold 54.5 million Hong Kong shares in the offering, with the final price set at HK$980 per H share. This pricing was slightly below the initial maximum limit of HK$1,010 announced during the deal’s launch last week.IPO Significance and Market BenchmarksZhongji Innolight's...

Bharat Electronics Shares Plunge as Q1 Profit Declines Sequentially Amid Defense Sector Outlook Shares of defence major Bharat Electronics (BEL) fell 3.5% to Rs 394 on the BSE on Tuesday, following the release of its consolidated net profit for the first quarter of FY27. The results showed a nuanced picture, reflecting solid year-on-year growth but significant sequential profitability pressure.The company reported a net profit of Rs 1,054.53 crore in Q1 FY27. This figure represents a near 9% increase compared to the corresponding period last year (Q1 FY26) when the net profit stood at Rs 969.91 crore.Analyzing BEL's Quarterly Financial Performance While the net profit showed YoY improvement, the quarterly figures revealed steep...

Asian Stocks Plunge Amid Chip Selloff: Regional Benchmarks Head for Technical Correction Asian markets witnessed significant declines on Tuesday, with regional benchmarks sliding sharply. The sell-off intensified across semiconductor stocks, pushing the broader market onto a trajectory for a technical correction. This downturn highlights growing investor skepticism regarding the sustainability of the current AI-driven rally.Semiconductor Selloff Intensifies Across Asia The MSCI Asia Pacific Index experienced a sharp decline, plunging up to 3.5%. The index lost ground from its high point achieved on June 22, now placing it over 10% lower. Key performers in the sector saw substantial losses as global semiconductor stocks were broadly...

Lohia Corp IPO Allotment Expected Today; GMP Hints at Modest Listing Gains Ahead of Debut Investors are awaiting crucial clarity regarding the Lohia Corp IPO allotment as the company is scheduled to finalize the share allocation for its Rs 1,101 crore public offering today. Applicants can verify their status once the allotment process is complete, which will be finalized by the registrar MUFG Intime India or through the official BSE and NSE websites.The shares are set to debut on the stock exchanges on July 30. Despite the timing, the IPO is currently commanding a Grey Market Premium (GMP) of around Rs 11 per share. This GMP suggests an estimated listing gain nearing 3% over the upper issue price of Rs 425, providing an indication of...

Ipca Laboratories Announces Board Meeting to Discuss Q1 2026-27 Unaudited Financial ResultsBoard of Directors meeting details and insider trading restrictions were announced by Ipca Laboratories Ltd regarding the upcoming release of its first quarter unaudited financial results for the financial year 2026-27.The Company's Board of Directors is scheduled to meet on Thursday, August 13, 2026. The primary agenda item for this meeting is the consideration and formal recording of the standalone and consolidated unaudited financial results for the first quarter ended June 30, 2026, pertaining to the financial year 2026-27.In addition to the board meeting schedule, Ipca Laboratories confirmed the closure status of its insider trading...

Indo-MIM IPO Allotment Expected Today: 39% Grey Market Premium Signals Explosive Listing Debut The wait is drawing to a close for investors in the Indo-MIM Initial Public Offering (IPO), with the basis of allotment set to be finalized today. This public issue, which saw overwhelming demand, is slated for its stock market debut on both the BSE and NSE on July 30. Investors are eagerly awaiting confirmation regarding their allotment status after a highly successful subscription period.IPO Subscription Details and Structure The Indo-MIM offering was structured as a mix of a fresh issue and an Offer For Sale (OFS). The public issue, which ran from July 23 to July 27, demonstrated robust investor confidence across all categories.The...

L&T Secures Ultra-Mega Framework Agreement with TenneT for 2 GW Offshore Wind Programme Larsen & Toubro Limited (L&T) has concluded a Framework Cooperation Agreement (FCA) with TenneT, establishing a partnership to support an ambitious 2 GW offshore wind programme. The agreement involves L&T, in consortium with Hitachi Energy, and is designed to accelerate Europe's transition toward a sustainable and decarbonised clean energy future by supporting the large-scale integration of offshore renewable energy.The FCA covers six projects and future opportunities within TenneT's 2 GW HVDC programme. The existing projects under the agreement include IJmuiden Ver Alpha and Nederwiek 1 in the Netherlands. Additionally, the consortium will...

Cube Highways Trust Advances Transition from Private to Public Listed Infrastructure Investment Trust Cube Highways Trust has approved the next stage in its shift towards a public listing status, initiating an offer for sale of units by existing unitholders. The move sees the trust transitioning from a private listed infrastructure investment trust to a fully public listed entity.The board of directors of Cube Highways Fund Advisors Private Limited, acting as the Investment Manager to the Trust, resolved on Monday, July 27, 2026, approving the strategic filing related to this transition. This action sets in motion the conversion process for the infrastructure investment trust.As part of the planned public listing, an offer is being...

Meghna Infracon Infrastructure Delivers Riviera Redevelopment Project in 16 Months, Marking Timely Execution MilestoneMumbai-based Meghna Infracon Infrastructure Limited has achieved a significant operational milestone by securing the Occupation Certificate (OC) for Riviera, its premium redevelopment project in Goregaon West. The company completed the project within just 16 months of receiving the First Commencement Certificate (CC), successfully commencing the process of handing over homes to residents.The completion of Riviera underscores Meghna Infracon Infrastructure Limited's commitment to efficient execution and timely delivery within Mumbai's competitive redevelopment sector. The project, spread across approximately 40,000...

Samsung, SK Hynix Plunge as AI Chip Boom Reassessment Triggers Selloff Amid China Concerns South Korean semiconductor stocks faced a sharp downturn on Tuesday as investors began scaling back their aggressive bets on the ongoing artificial intelligence chip boom. Major industry players, including Samsung Electronics and SK Hynix, witnessed significant declines in their share prices (Reuters). The selloff reflects growing investor concerns regarding the sustainability of current AI infrastructure spending and intensifying competition from China.Semiconductor Stocks Tumble Amid Investor Reassessment The technology sector saw broad-based pressure across the board. Samsung Electronics shares fell by as much as 9.5%, while SK Hynix dropped...

Rupee Surges Above ₹96 Mark as RBI Intervention and Global Oil Price Plunge Ignite Rally Indian Rupee Strengthens Amid Softening Crude Oil Prices The Indian rupee opened substantially stronger on Monday, gaining about 70 paise and trading at 95.76 per dollar against the previous level of Rs 95.91. This movement represents a notable improvement for the local currency in six weeks. Traders attribute this significant appreciation to a confluence of factors involving global commodity trends and likely intervention by the Reserve Bank of India (RBI).The rupee managing to breach the Rs 96 per dollar threshold is viewed positively by market participants, suggesting a stabilization effort. This move comes even as global oil prices are cooling...

Ddev Plastiks Industries Independent Director Resigns Due to Professional Commitments Ddev Plastiks Industries Limited has announced the resignation of Mrs. Ramya Hariharan from the position of Independent Director. The resignation, effective immediately as of July 27, 2026, was tendered due to professional preoccupations.Consequent to her cessation as an Independent Director, Mrs. Ramya Hariharan will also step down from her membership in both the Audit Committee and the Nomination and Remuneration Committee of Ddev Plastiks Industries Ltd.Mrs. Ramya Hariharan confirmed that she has no material reasons for her resignation other than those specified in her resignation letter.The disclosure details provide insight into Mrs...

EPL Ltd Issues Commercial Papers of Rs 60 Crore EPL Limited announced that it has issued and allotted Commercial Papers amounting to Rs 60 Crore. The allotment was made on July 27, 2026.The Company is currently in the process of listing these Commercial Papers with the National Stock Exchange of India Limited.The details regarding this issuance are provided below:ISINDescription of the SecuritySize of the IssueNo. of UnitsDate of the Issue and allotmentDate of MaturityFace Value (Per Unit)Discount RateYield RateINE255A14759Commercial PapersRs. 60 Crore1200July 27, 2026November 23, 2026Rs. 5,00,000/-7.37% p.a.7.55% p.a.The Company further clarified that while the intimation was submitted regarding this allotment, the said...

Lords Mark Clarifies Trading Restriction Status amid IBC Surveillance Framework Lord's Mark Industries Ltd has issued clarifications regarding the trading status of its equity shares, which are currently classified by BSE Limited under a specific surveillance framework related to the recommencement of trading post-Insolvency and Bankruptcy Code (IBC) process.The company addressed observations from the stock exchange concerning its scrip, identified by Scrip Code 501261 (LORDSMARK), noting that the equity shares are displayed under the category "Trading Restricted - On account of IRP as per IBC/ Recommencement post IBC - IRP Stage-1."Lord's Mark stated that this categorization is part of a surveillance framework implemented by BSE...

Kalpataru Ltd Announces Board Meeting to Approve Q1 Financial Results; Trading Window Closure Details Provided Kalpataru Ltd has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ending June 30, 2026. The board meeting is set for Monday, August 03, 2026.The company also provided an update regarding the trading window concerning its securities. As previously communicated, the trading window closed starting Wednesday, July 01, 2026. The trading restriction will remain in effect until a period of up to 48 hours following the declaration of the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30...

Kirloskar Ferrous Industries Ltd to Hold Board Meeting to Review June Quarter Financial ResultsKirloskar Ferrous Industries Ltd has scheduled a Board meeting to review and approve the unaudited financial results for the quarter ended 30 June 2026. The company intends to use the gathering to consider, among other items, the standalone and consolidated financial outcomes.The board meeting is slated for Wednesday, 5 August 2026, providing stakeholders an outlook on the company's performance during the first quarter of the fiscal year.This meeting aims to formally approve the detailed financials pertaining to the period ending June 30, 2026.Key Details:AspectDetailCompany NameKirloskar Ferrous Industries LtdMeeting...

Mindspace Business Parks REIT Shareholders Approve Financials and Appoint New Auditors and Valuer Mindspace Business Parks REIT saw its resolutions passed by unitholders during the 6th Annual Meeting (AM) held on July 24, 2026. The meeting, conducted via Video Conferencing/Other Audio Visual Means, included decisions regarding the adoption of audited financial statements, approval of the portfolio valuation report, and the appointment of new statutory auditors and a valuer.The Unitholder Annual Meeting for Mindspace REIT was held on Friday, July 24, 2026, at which Chandrasekaran Associates, Practicing Company Secretaries, served as the Scrutinizer to oversee the remote e-voting and e-voting process. The meeting's primary purpose...