Markets

JD Cables Awarded Significant Work Order for Cables & Conductors Worth Approximately Rs 18 Crores JD Cables Limited has been awarded a substantial work order from a reputed domestic entity, securing a contract for the manufacturing, testing, and supply of cables and conductors.The agreement outlines the supply of Cables & Conductors to a domestic client, which is described as a Reputed Government and Private Entity. The total consideration for this significant order amounts to approximately Rs 18.00 crores, inclusive of GST.According to the details provided regarding the contract, the execution of the order is scheduled for delivery by September 2026.Key details concerning the awarded work order are summarized below...

Alfa Ica India Ltd Board Meeting Scheduled to Review Q2 Results and MD Remuneration Revision Alfa Ica India Ltd has scheduled a meeting of its Board of Directors for August 8, 2026, to discuss the company’s quarterly performance and executive remuneration. The meeting is set to take place at the corporate office and will cover key operational and financial matters related to the quarter ended June 30, 2026.The agenda for the Board Meeting (02/2026-27) includes approving the Unaudited Financial Results of the company for the quarter ended June 30, 2026. The board members are expected to review these results along with a Limited Review Report issued by the Statutory Auditors.A significant item on the agenda is the revision of...

Citi Port Financial Services Ltd Reports Q1 Results for Quarter Ended June 30, 2026 Citi Port Financial Services Limited announced its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors approved and reviewed these results on July 23, 2026.The company's performance metrics across various income streams were reported in amounts measured in Rs. Lakhs, reflecting operational activity during the specified period.Key highlights from the Statement of Unaudited Financial Results are summarized below:MetricQuarter ended June 30, 2026 (Unaudited)Quarter ended March 31, 2026 (Audited)Quarter ended June 30, 2025 (Unaudited)Year ended March 31, 2026 (Audited)Interest Income20.8222.7318.5178.27...

Nikkei Plummets as Tech Fears and AI Spending Doubts Grip Global Markets Japan's stock market saw significant declines on Friday, with the Nikkei share average falling by more than 2%. The heavy sell-off was attributed primarily to resurfacing concerns over sustainability of intense technology spending and related AI infrastructure investments.The benchmark Nikkei was reported down 2.69% at 64,634.04 as of 0112 GMT. Meanwhile, the broader Topix index also slipped, closing at 4,002.09, a decline of 1.28%. The Nikkei has experienced downward pressure, having lost over 7% this month and entering correction territory last week.Global Tech Woes Drive Market Downturn The indices in Japan were heavily influenced by global market trends...

Oil Prices Brace for Rally: Geopolitical Tensions Surge as Red Sea Attacks Push Crude Near $120 Mark Crude oil prices are facing intense volatility this week as escalating geopolitical risks mount. Attacks by Iran-aligned Houthis on shipping in the Red Sea have stoked concerns over critical maritime chokepoints. This environment, combined with reduced supply from Kazakhstan, has driven upward pressure on global crude benchmarks.Geopolitical Risks Intensify Amid Red Sea Tensions Brent futures were poised for a significant weekly climb, fueled by heightened instability in the Middle East. Brent oil closed at $99.68 a barrel, down 1% or 81 cents at 0126 GMT, yet was still tracking towards a 13.5% rise this week.This surge follows...

Reliance Power Announces 32nd Annual General Meeting, Releases FY2025-26 Annual Report Reliance Power Ltd has announced the date for its 32nd Annual General Meeting (AGM) and made available the notice and the Annual Report for the financial year 2025-26. The AGM is scheduled to be held on Friday, August 14, 2026.The meeting is set to take place at 12:00 Noon (IST). Members will be able to attend the AGM through Video Conferencing (VC) or other Audio Visual Means (OAVM), removing the requirement for a physical gathering.For those members whose details are not registered with the Company, the Notice of the AGM along with the Annual Report 2025-26 is available for download. These documents can be accessed via the company's official...

Reliance Infrastructure Limited Announces 97th Annual General Meeting and Releases FY2025-26 Annual Report Reliance Infrastructure Limited has scheduled its 97th Annual General Meeting (AGM) and made available the Annual Report for the financial year 2025-26. The AGM is set to take place virtually, allowing members to transact business without physical attendance at a common venue.The company announced that the 97th AGM will be held on Friday, August 14, 2026, at 10:00 A.M. (IST). Members can attend the meeting through Video Conferencing (VC) or Other Audio Visual Means (OAVM).In addition to the notice of the meeting, members can access the Annual Report for the financial year 2025-26 via the company's official website...

Adani Enterprises Ltd Denies Reports of Plans to Launch an AirlineAdani Enterprises Ltd has issued a formal statement vehemently denying media reports and market speculation regarding its involvement in the airline industry. The company asserted that any suggestion pertaining to the launch of an airline is entirely baseless and factually incorrect.The corporation clarified that it is currently not evaluating any proposals or considering entry into the airline business.Adani Enterprises Ltd addressed the various circulating media reports, categorically refuting claims suggesting a plan for establishing an airline venture. The statement reaffirmed that these reports do not reflect the company's current operational interests or...

Dividend Bonanza: Wipro, DLF See Final Call as Investors Race Against Deadline for Corporate Payouts The stock markets are witnessing a crucial corporate action period for dividend-seeking investors. A group of approximately 12 companies, including IT major Wipro and real estate giant DLF, have fixed Monday, July 27, as the record date for their respective dividends. This deadline makes today a critical buying opportunity for any investor aiming to be eligible for these rewards.As per SEBI's T+1 settlement cycle, investors must purchase the shares at least one trading day before the declared record date. Missing this final trading session means missing out on the dividend payout scheduled for Monday. Therefore, today represents the...

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...