Markets

Welspun Corp's Global Order Book Surpasses Rs 25,750 Crore Following Major Line Pipe Contract Welspun Corp Limited announced a significant increase in its consolidated global order book, pushing the figure to approximately Rs 25,750 Crore. This milestone was achieved after securing a new order for Coated Line Pipes from its manufacturing facility in Little Rock, USA.The newly secured contract is valued at approximately Rs 960 Crore. This addition strengthens the company's revenue visibility and capacity utilization across its manufacturing assets located in both India and the United States.With this latest acquisition, the total global order book now stands at roughly Rs 25,750 Crore (approximately US$ 2.7 billion). The announcement...

Acquirers launch Open Offer for Dolphin Medical Services Ltd, aiming to acquire 26% stake at ₹4.80 per share The open offer for acquiring equity shares in Dolphin Medical Services Limited has been officially launched by a consortium of buyers, Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar. The Acquirers have introduced the offer with the objective of acquiring a substantial stake and operational control over the Target Company.The offer targets up to 39,25,988 fully paid-up Equity Shares, representing 26.00% of the Voting Equity Share Capital of Dolphin Medical Services Limited. The acquisition is being offered from the public shareholders at a fixed price of ₹4.80 per share, payable in cash.The maximum consideration for...

$32 Billion Inflows Hit Markets as RBI Measures Drive FCNR(B) Deposits Amid Global Volatility The Reserve Bank of India (RBI) has successfully mobilized substantial foreign capital, drawing nearly $32 billion through its targeted measures, according to Governor Sanjay Malhotra. A significant portion of these inflows were achieved via Foreign Currency Non-Resident Bank (FCNR(B)) deposits, bolstering the stability of the country’s balance of payments.Malhotra confirmed that, apart from these deposit movements, foreign investors have committed over $7 billion into government securities since the incentive measures were announced in June. This robust response signals strong confidence in India's economic resilience despite challenging...

Chip Struggles Ahead of Earnings: South Korean Shares Dip Amid AI Worries Despite Major Tech Pushes The benchmark KOSPI registered a decline on Monday as concerns surrounding chipmakers weighed heavily on the market, even as major AI initiatives were announced by global tech leaders. The index closed at 6,639.97, losing 50.65 points or 0.76%, after opening the session with gains of up to 1.7%.Chipstock Woes Drag Down Benchmarks The sentiment in chip manufacturing stocks proved subdued as companies await their second-quarter results. Samsung Electronics slipped 0.20%, while SK Hynix fell by 0.97%. Both industry giants are scheduled to release their Q2 financial reports later this week, influencing the current market mood.Meanwhile...

GIFT Nifty Signals Rally as Oil Plunges Amid Easing Middle East Tensions Indian equity markets are poised for a strong opening on Monday, buoyed by positive shifts in global risk appetite. The GIFT Nifty is showing substantial strength, setting up a potential turnaround after Indian indices endured consecutive losses. This bullish outlook follows reports of reduced hostilities between the US and Iran, which sparked a sharp fall in crude oil prices and helped soothe inflation fears globally.Global Markets React to Diplomatic Hopes The decline in geopolitical stress has profoundly impacted commodity markets. As hostile activity appeared to pause, crude oil prices tumbled, with Brent retreating 5.2 percent to $91.73 a barrel. US West...

IDFC Bank Surges on Record Profit as Market Navigates Geopolitical Jitters and Major Deals Close Markets witnessed continued volatility on Friday, extending their losing streak for the fifth consecutive session. This downturn was attributed to persistent geopolitical concerns and elevated crude oil prices. Amid this cautious trading environment, several companies, including IDFC Bank, marked significant milestones through stellar earnings reports and strategic project wins.Financial Sector Rallies as IDFC Bank Posts Highest Ever Profit IDFC Bank reported a resounding success with its Q1 results, achieving its highest-ever quarterly profit after tax (PAT). The bank posted ₹1,075 crore for the quarter ended June 30, 2026. This marks a...

Gold Surges Over 1% as Oil Plummets Following Pause in US-Iran Hostilities Spot gold climbed significantly over 1% on Monday after a reported pause in hostilities between the United States and Iran pushed oil prices downward. This development eased concerns regarding inflation and the risk of sustained high interest rates across global markets.Gold Rises Amid De-escalation in Middle East Tensions Spot gold finished up 1.3%, trading at $4,103.99 per ounce as of 0058 GMT. Meanwhile, U.S. gold futures for August delivery gained 0.9%, reaching $4,106.10. This movement comes after a senior Iranian official confirmed that Iran would halt its attacks provided the United States also takes a pause on aggression.The United States had...

Market Caution Looms Over Nikkei as Geopolitical Thaw Slashes Oil Prices Japan's benchmark stock index traded with noticeable indecision on Monday, hovering between gains and losses. This sideways movement occurred as global investors grapple with geopolitical shifts while preparing for a demanding week of major earnings reports in the United States. The broader market sentiment remains highly focused on corporate financial health and future spending plans.Nikkei Index Performance Amid Global Instability The benchmark Nikkei 225 finished down 0.22% at 64,472.09. Meanwhile, the broader Topix showed a slight positive trend, climbing 0.51% to reach 4,031.75. Despite this modest movement, market breadth offered some relief, with 173...

DCB Bank Shares Surge on Strong Q1 Earnings; Net Profit Jumps 35.6% as Asset Quality Improves DCB Bank is expected to remain a key focus in the market following the release of its robust Q1 earnings report. The private lender demonstrated significant operational strength, reporting a substantial jump in net profit year-on-year. This strong performance positions DCB Bank favorably as investors weigh the implications of improved asset quality and core business metrics.Stellar Q1 Performance Driven by Net Interest Income Rise The bank reported a remarkable 35.6% surge in net profit, achieving ₹213.2 crore for the quarter. A primary driver behind this profitability leap was the robust growth seen in net interest income (NII). NII...

NBCC Stock Set for Bullish Surge After Bagging ₹188 Crore in State and National Contracts Market Focus on Fresh Orders Boosting NBCC Outlook NBCC (India) stock is expected to remain a key focus on the market floor following the acquisition of substantial new work orders. The company recently secured contracts worth ₹108.85 crore from the National Horticulture Board and another significant order for ₹88.43 crore from the Odisha government.These fresh deals signal continued project momentum for the construction giant. Collectively, these recent wins add considerable weight to the company's near-term stability and growth narrative.Key Contracts Received by NBCC The contracts demonstrate a diversified operational scope for the firm. A...

Global Oil Plummets as US and Iran Pause Strikes Amid Geopolitical Tensions Oil prices declined by over 5% on Monday after the United States and Iran announced a pause in hostilities following two weeks of heightened attacks. The ceasefire has fueled hopes that diplomacy might stabilize the region, potentially allowing shipping through the vital Strait of Hormuz to resume normal operations eventually.The market reaction was swift. Brent crude futures fell $4.89, or 5.05%, settling at $91.89. US West Texas Intermediate (WTI) crude also saw a notable drop, trading down $4.67, or 5.23% to $84.64 a barrel. This decline marks the lowest levels for both major benchmarks in nearly a week, reversing prior gains that had seen prices surge 10%...

Oil Prices Plunge as US and Iran Pause Fighting, Fueled by Diplomatic Hopes Brent crude futures tumbled sharply on Monday after the United States and Iran agreed to pause military strikes following two weeks of escalating attacks. This de-escalation has generated hopes for a diplomatic resolution, suggesting that shipping routes through the critical Strait of Hormuz could begin normalizing soon.Market Reacts as Tensions Ease Oil prices took a significant dip, with Brent crude falling $4.89, or 5.05%, settling at $91.89 by 0009 GMT. U.S. West Texas Intermediate (WTI) crude was also hit hard, dropping $4.67, or 5.23%, to reach $84.64 a barrel. Both contracts are now trading at their lowest levels in nearly a week's time after having...

Tata Consumer Shares Surge on Q1 Earnings Beat; Analysts Weigh Target Prices Amid Premiumization Drive Strong Q1 Performance Drives Tata Consumer Products Stock Rally Tata Consumer Products (TCP) stock is set to remain a key focus for investors following the company's release of strong Q1 earnings results. The consistent demonstration of profitability and operational efficiency has boosted investor sentiment towards the consumer staples giant.The company reported that its net profit increased significantly by 27.8% year-on-year, reaching ₹427 crore. Revenue also saw healthy growth, rising 11.9% to reach ₹5,348.8 crore. These figures underscore the company's robust market positioning and operational strength.Margin Expansion and...

Sigma Advanced Systems Secures USD 104.9 Million Export Order for Next-Generation Artillery Shells Hyderabad, July 27, 2026: Sigma Advanced Systems Limited has secured a significant export order valued at USD 104.9 million (roughly INR 1,013 Cr.). The contract is with a North American customer and involves the manufacture and supply of 147,000 units of 155mm base bleed artillery shell bodies.The order is set for execution within the next 6 to 12 months.This agreement highlights Sigma’s growing involvement in advanced defense manufacturing. The company supplies these sophisticated projectiles, which are designed to be integrated into extended-range ammunition systems globally. Base bleed shells are distinct from conventional shells...

Rs 25 Lakh Threshold Signals Massive Shift in PMS Market: SEBI Proposes Democratization of Elite Portfolio Management India’s professional portfolio management services (PMS) industry is on the cusp of a major regulatory overhaul, as the Securities and Exchange Board of India (Sebi) proposes sweeping changes that could significantly broaden access to high-level financial expertise. Sebi released a consultation paper on July 23rd, initiating a comprehensive review of the Portfolio Managers Regulations, 2020. This proposal is set to redefine how investors can participate in bespoke portfolio management.New Low-Ticket Category Aims to Broaden PMS Access The most critical component of the Sebi proposal centers on introducing a dedicated...

Precious Metals Plummet Amid Rate Surge: Gold & Silver Correct As Fundamentals Take Over When market sentiment sours, the shine on any asset class diminishes. This is acutely true for gold and silver, which have seen a significant retreat from their recent peaks despite past resilience. These precious metals, once positioned as hot favorites, are now confronting a challenging price reset after periods of sharp gains.The Dramatic Price Reversal of Precious Metals Gold has experienced a substantial correction, dropping nearly 20%. Its price fell from Rs.1,75,000 per 10 gm to Rs.1,41,800 per 10 gm. Silver suffered an even steeper decline, losing approximately 45% as its price moved from Rs.3,96,000 per kg down to Rs.2,19,500 per kg.The...

Sterling Green Power Solutions to Launch ₹1,500 Crore IPO as Data Centre Boom Drives Order Book Nearly Doubling Mumbai: Sterling & Wilson, a major engineering and construction company, is preparing to launch an Initial Public Offering (IPO) of approximately ₹1,500 crore for its generator manufacturing subsidiary. The entity, named Sterling Green Power Solutions, was formerly known as Sterling Generators. This move signals significant investor confidence in the high-growth power generation sector.Two firms, ICICI Securities and IIFL Capital, have been appointed as lead managers to spearhead the forthcoming issue. The capital raised from this IPO is earmarked primarily for funding the company’s ambitious domestic and international...

CXMT IPO Set for Shanghai Debut as China's Biggest Tech Offering Challenges Global Chip Giants CXMT Corp (ChangXin Memory Technologies) is scheduled to begin trading in Shanghai on Monday, marking the debut of what is Asia's largest Initial Public Offering this year. The listing centers intense focus on the Chinese chipmaker and its valuation amid a recent downturn across technology stocks.The IPO offers investors a critical gauge of market willingness for a leading domestic chip firm as local markets navigate increased volatility, with investment flow shifting between high-growth tech names and safer sectors.Details of China's Record Semiconductor Offering CXMT made history by becoming the largest listing in mainland Chinese...

Mega IPO Surge: Over Two Dozen Issuers Plan Launch Next Month, Targeting ₹35,000 Cr India's primary market is poised for a significant momentum boost in August as over two dozen companies prepare to collectively raise approximately ₹35,000 crore through initial public offerings (IPOs). This concentrated pipeline follows a period of caution and slow activity seen earlier this year due to geopolitical uncertainties and subdued foreign institutional flows.The impending wave signals growing confidence from issuers, with many rushing to finalize listings in August. These companies are capitalizing on improving market stabilization and returning investor appetite.Key IPOs Leading the August Pipeline The launch pipeline is set to be led by...

SMC Global Securities Limited Approves Q2 Results and Outlines Plan for Massive Non-Convertible Debenture Issuance SMC Global Securities Limited has announced the outcome of its Board Meeting held on July 26, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also presented a proposal to raise funds through a significant public issue of Non-Convertible Debentures (NCDs).The Board meeting reviewed the Q2 results alongside a Limited Review Report. In addition to reviewing performance, the Directors considered and approved the framework for raising capital via NCDs.Capital Raise Proposal Details SMC Global Securities has planned a substantial funding initiative...