Markets

Gift Nifty Signals Weak Day as Global Selloff and Oil Surge Mount Pressure on Markets Indian equity markets face renewed selling pressure today, with Gift Nifty indicating a subdued opening. A confluence of factors, including sharply rising oil prices and persistent global risk aversion, is weighing heavily on investor sentiment ahead of the anticipated session.Gift Nifty opened trading at 23,701, showing a 0.7 percent decline as early trade commenced on July 24. This indication follows a difficult day for domestic indices, with both the Sensex and Nifty extending their losing streak, closing lower for the fourth consecutive session. The Sensex fell 0.5 percent, while the Nifty recorded a 0.5 percent decline.Global Markets Face...

Global Oil Prices Surge as Red Sea Shipping Crisis Tightens Supply Routes Amid Kazakhstan Output Cuts Geopolitical Tensions Drive Crude Futures Higher Crude oil prices are set for a significant weekly rise following mounting geopolitical tensions in the Red Sea. Attacks on shipping tankers by Iran-aligned Houthis have ignited concerns over the potential closure of a vital maritime chokepoint. This instability is adding pressure to global energy supply routes, raising fears that major arteries could be closed off.Brent futures are currently trading strong, projected for a substantial advance this week. The oil market has reacted swiftly to the rising risk profile. Brent saw its price climb over 7% on Thursday.Bab el Mandeb Risk Fuels...

Milky Mist IPO Set to Launch in August: Dairy Giant Aims for India’s Largest Market Debut New Delhi: The financial markets are bracing for the arrival of a major player as Milky Mist Dairy Food is poised to launch its Initial Public Offering (IPO) in the first week of August. This offering has been positioned as potentially being the largest IPO among Indian dairy companies, marking a significant milestone for the sector.The company’s market debut follows a strategic move to secure substantial pre-IPO funding, which sets the stage for this anticipated listing. The investment round provides crucial capital and validates Milky Mist’s position in the rapidly growing organized food industry.Strategic Pre-IPO Funding Boosts Valuation...

Geopolitical Tensions and Primary Market Frenzy Curb Domestic Appetite: DII Equity Purchases Hit Lowest Pace in 16 Months Domestic Institutional Investors (DIIs) are currently facing a cooling trend in the secondary market, registering the slowest pace of equity buying in approximately 16 months. This slowdown is being weighed down by robust primary market fundraising activity and heightened caution among fund managers amid global uncertainties.As of July 23, DIIs purchased Indian equities worth around Rs 24,500 crore. This figure marks a notably slower pace compared to June, when DII purchases stood at nearly Rs 85,800 crore, and May's tally of Rs 82,669 crore.Slowdown in Mutual Fund Flows and Institutional Activity Mutual funds...

SEBI Proposes Major Overhaul: Market Infrastructure Institutions (MIIs) to Lead Grievance Redressal in Bid for Faster Investor Justice SEBI's Framework aims to Streamline Dispute Resolution in Securities Markets The securities and exchange board of India (SEBI) has proposed significant changes to the online dispute resolution (ODR) framework governing the Indian securities market. The core change involves shifting the administration of conciliation and arbitration, currently managed by ODR institutions, over to Market Infrastructure Institutions (MIIs). These MIIs include stock exchanges, clearing corporations, and depositories.This move is intended to dramatically accelerate the process of resolving investor grievances. By...

Japan Inflation Picks Up, Pushing BOJ Towards Rate Hike Amid Yen's Steep Decline Japan’s key inflation gauge has ticked up for the first time in three months, significantly strengthening the case for the Bank of Japan (BOJ) to proceed with another interest-rate hike this year. The readings suggest persistent inflationary pressure that runs parallel to a rapid slide in the Japanese yen.CPI Rises: Key Indicators Signal Inflationary Trend The Ministry of Internal Affairs and Communications reported that the consumer price index excluding fresh food rose 1.7% from a year earlier, confirming the median forecast set by economists surveyed on Bloomberg. The overall Consumer Price Index (CPI) also registered an increase of 1.6%.This...

Lohia Corp IPO Set to Surge as Manufacturer Achieves Near 70% Profit Jump in Technical Textiles Market Lohia Corp, a significant player in machinery manufacturing for technical textiles, is set to launch an Initial Public Offering (IPO). The company plans to raise ₹1,102 crore through the offer for sale. This move comes amidst strong financial momentum and solidifying its position in the specialized domestic market.Financial Performance Highlights Strong Growth Trajectory Lohia Corp demonstrated exceptional growth metrics on a year-on-year basis. Revenue from operations surged by 24.7% to reach ₹1,717 crore in FY26. Net profit saw an even more remarkable spike, increasing by 64.2% to ₹193.5 crore.The company's operational efficiency...

Tech Earnings and Oil Spike Send US Stocks Tumbling as AI Spending Concerns Rise Wall Street indexes closed lower on Thursday amidst renewed market anxieties. The Nasdaq Composite sank over 2% after major technology firms reported results, fueling concerns regarding high capital expenditure related to Artificial Intelligence (AI). Concurrently, a surge in crude oil prices raised significant inflation worries across the financial markets.Major Tech Giants Face Investor Scrutiny After Earnings Reports Losses were broad-based as investors reacted negatively to the second-quarter reports from two heavyweight companies, Alphabet and Tesla. Both firms faced scrutiny despite providing otherwise strong operational results.Alphabet's shares...

NSE Cash Turnover Surges to 23-Month High as Foreign Investor Flows Drive Derivatives Rally Equity Markets Show Broadening Participation in June Trading Trading activity across India's equity markets remained robust during June, signaling heightened investor interest. The National Stock Exchange (NSE) cash market turnover recorded a significant increase, reaching ₹27.7 lakh crore. This figure marks a 23-month high, up from the ₹26.9 lakh crore observed in May.While proprietary traders constitute the largest segment of cash market activity, their dominance slightly lessened this month. Their contribution accounted for 33% of the turnover, marking a six-month low. This trend indicates that participation is broadening beyond just...

Temasek-Backed Manipal Health Readies Billion-Dollar IPO, Targeting Massive Debt Reduction Temasek-backed Manipal Health Enterprises is preparing to launch a significant initial public offering (IPO), which promises to be one of the largest by an Indian healthcare services provider. The highly anticipated offering is slated for later this month, following the successful completion of a previous issue led by SBI Funds Management in mid-July.The company is expected to announce the official price band on July 24th. Subsequently, the IPO is scheduled to be open for subscription from July 29 to July 31. This offering represents a major capitalization event for the healthcare giant.Offer Structure and Investor Participation The IPO...

Infosys Surges on Strong Q1 Earnings; Tech Stocks React Amid Market Consolidation Fears Markets remained under sustained pressure on Thursday as the broader index extended its losing streak for the fourth consecutive session. This persistent weakness is attributed to ongoing geopolitical concerns permeating global markets. Technically, analysts note that the Nifty has once again retested the lower boundary of its current consolidation range, which sits between 23,800 and 24,400. A decisive breach below this support level could signal a further decline towards the 23,600 zone, aligning with the rising trendline support structure.Infosys Posts Robust Q1 Results, Driving IT Sector Interest IT services major Infosys reported significantly...

Infosys Profit Surges 12% Amid Tech Demand; Global Stocks Face Volatility and Major Deal activity The market is witnessing significant corporate announcements, ranging from robust financial results at global IT giants to operational challenges reported by the aviation sector. Today's trading focus centers on key earnings releases, major institutional transactions, and strategic business developments across various sectors.Infosys Q1 Results Show Robust Growth and Leadership Transition Infosys announced highly positive consolidated Q1 results, reporting a 12.2% zoom in profit to Rs 7,769 crore from the previous Rs 6,921 crore. The company's revenue also saw a solid rise of 14%, reaching Rs 48,211 crore compared to Rs 42,279 crore last...

Asian Stocks Fall Amid AI Scrutiny as Geopolitical Tensions Spike Oil Prices Past $100 Barrier Asian stock markets retreated on a day marked by growing investor skepticism regarding the sustainability of the artificial intelligence (AI) rally. The MSCI Asia Pacific Index saw a 1% decline, while gauges in Japan and South Korea shed more than 2%. This sell-off followed a period of market volatility for megacap stocks.Tech Giants Face Scrutiny as AI Rally Demands Earnings Investor scrutiny over the AI sector intensified as markets began demanding evidence that massive spending would translate into commensurate earnings growth. Major tech firms saw significant downturns, signaling investor jitters about the stability of the trend...

Route Mobile Announces Q1 FY27 Results; Revenue Stands at Rs 1,151.51 Crore Route Mobile Limited, a Proximus Global company and leading cloud communication platform service provider, has released its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), which ended on June 30, 2026. The company reported revenue from operations at Rs 1,151.51 crore and Profit After Tax (PAT) of Rs 68.55 crore for the quarter.The results show a comparison across multiple periods, highlighting performance metrics both year-over-year (Y-o-Y) and against the previous quarter (Q4 FY26).Q1 FY27 Financial Highlights Consolidated financials for Q1 FY27 demonstrate growth in revenue compared to Q1 FY26. The financial highlights are detailed...

Blue Star Limited Wins Arbitration Against WJT; Dismissal of Claims Stated Blue Star Limited has successfully concluded arbitration proceedings against W.J. Towell & Co LLC (WJT) before the International Chamber of Commerce (ICC). The Arbitrator issued an Award in favor of the company, dismissing all claims made by WJT related to a Shareholders' Agreement dated October 1, 2015.The dispute involved arbitration proceedings initiated by WJT, an entity based in Oman, concerning matters related to the management of Blue Star Oman Electro Mechanical Company.Initial reports indicated that the arbitration claim filed against Blue Star Limited amounted to OMR 103,18,000 plus interest at seven percent on the total claim amount. This was...

3i Infotech Reports Q1 FY27 Revenue of ₹177.9 Crore, Driven by AAA Segment and Global Expansion Mumbai: 3i Infotech Limited, a leading provider of digital transformation and technology solutions, announced its consolidated financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ended June 30, 2026. The company reported operating revenue of ₹177.9 crore, reflecting a 4.3% year-on-year (YoY) growth and a sequential rise of 1.3%.The company maintained disciplined operational execution during the quarter, evidenced by a resilience in profitability metrics across its business lines. Furthermore, 3i Infotech secured substantial order bookings totaling TCV ₹240.9 Crore, with an ACV of ₹195.6 Crore.Financial and Operational...

Fractal Analytics Reports Q1 Results and Announces Change in Business Unit Slump Sale Timeline Fractal Analytics Limited has released its unaudited consolidated and standalone financial results for the quarter ending June 30, 2026. Concurrently, the company announced a revision regarding the sale and transfer of certain business units to a wholly owned subsidiary.The Board of Directors reviewed the results following the limited review conducted by B S R & Co. LLP, Statutory Auditors.Business Unit Transfer Update The company provided an update on the slump sale of identified business units, including Fractal Analytics Academy (FAA), Edtech, and Iqigai.ai, to Analytics Vidhya Educon Private Limited (AVEPL). AVEPL is a wholly owned...

Diamond Power Infrastructure Sets Floor Price for Qualified Institutional Placement of Equity Shares Diamond Power Infrastructure Limited has authorized the opening of its qualified institutional placement of equity shares, setting a floor price of ₹ 238.92 per share following approval by its Management Committee. The offering targets eligible qualified institutional buyers (QIBs).The Management Committee meeting on July 23, 2026, approved the preliminary placement document and the draft application form for the Equity Shares Issue. The committee also authorized the immediate opening of the proposed Issue.A key decision regarding the stock issuance was the determination of the floor price at ₹ 238.92 per Equity Share. This pricing...

PDS Limited Reduces Stake in DBS Lifestyle, Reclassifies Entity to Associate Status PDS Limited has announced the transfer of equity shares in DBS Lifestyle India Private Limited, which marks a significant change in the company’s relationship with the entity. The transaction involves PDS Limited reducing its stake and subsequently reclassifying DBS Lifestyle from a subsidiary to an associate.The company transferred 409 equity shares representing 2% of the share capital of DBS Lifestyle. Following this divestment, PDS Limited's shareholding in DBS Lifestyle is now approximately 49% of its equity share capital. Consequently, as of July 23, 2026, DBS Lifestyle has ceased to be a subsidiary and will continue as an associate of the...

Fractal Analytics Reports Q1 FY27 Results: Revenue Grows 20% as Net Income Surges 92% Mumbai | July 23, 2026 — Fractal Analytics Ltd has announced its consolidated financial results for the first quarter of fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company reported consolidated operating revenue of INR 9,125 million, marking a 20% increase year-on-year. Net Income grew significantly at 92% YoY, reaching INR 723 million.The results reflect strong margin expansion across the organization. Gross Margin stood at 46%, while the Adjusted EBITDA Margin expanded by 189 basis points (bps) YoY to 17%.Segment Performance and Client Engagement Fractal’s performance was driven particularly by its Healthcare and Life Sciences (HLS)...