Markets

Generic Drug Market Faces Steepest Tariff Threat as Trump Announces Phased Duties Targeting US Reshoring US President Donald Trump has unveiled a drastic new tariff regime targeting generic medicine imports into the United States. The policy dictates a staged increase in duties over several years, aimed at pressuring pharmaceutical companies to shift manufacturing back to American soil. This move marks a significant escalation in the administration's sustained push for greater domestic drug production and reduced reliance on overseas supply chains.The proposed tariff timeline is highly aggressive. Generic drugs will initially enjoy zero per cent duty from August 1, 2026, through two years thereafter. The import duty is then set to...

India Motor Parts & Accessories Ltd Holds AGM; Recommends Rs 23 Per Share Final Dividend India Motor Parts & Accessories Ltd conducted its 72nd Annual General Meeting (AGM) on Tuesday, July 21, 2026. During the meeting, shareholders reviewed and adopted the company's Audited Financial Statements for the financial year ended March 31, 2026. The AGM also saw the recommendation of a Final Dividend and the approval of a major related party transaction.The Chairman delivered his speech, highlighting the performance and outlook for the business. Regarding operations, the company recorded a revenue growth of 6.12% during the year under review, despite competitive pressures and challenges in West Asia. To maintain market share, India Motor...

Sagility Ltd. makes Investor/Analyst Webinar Recording Available for Q1 EarningsSagility Ltd has made accessible the video recording of an investor and analyst webinar pertaining to its unaudited financial results for the quarter ended June 30, 2026.The specialized event took place on Tuesday, July 21, 2026, at 7:30 p.m. (IST). The purpose of the webinar was to discuss the company's performance as detailed in its quarterly results.Investors and analysts can access the complete video recording on Sagility Ltd's website, located at https://sagility.com/investor-relations/quarterly-results/fy-2026-2027-q1-earnings-webinar/.SAGILITY Stock Price Movement On Tuesday, SAGILITY LIMITED shares edged higher to close at ₹41.84, rising by...

GIFT Nifty Dips as Crude Prices Soar amid Middle East Tensions; Sensex, Nifty brace for Cautious Open Asian equities saw a muted start on Wednesday, with the domestic market facing headwinds from persistently elevated crude oil prices and escalating geopolitical tensions in the Middle East. Despite a rebound in global tech stocks, investor sentiment remains cautious. The GIFT Nifty indicator signalled a subdued opening day for Indian benchmarks, setting the stage amid an anticipated earnings season focused on specific corporate performance.Market Indicators Signal Caution Amid Global Instability The preliminary outlook suggests that the Sensex and Nifty 50 are likely to open lower. GIFT Nifty was noted trading at 24,104 around 8:15...

Crude Oil Rockets as Middle East Tensions Rise; Gold Climbs to Near Two-Week High Amid Escalation Commodity markets witnessed a significant rally on July 22, driven by escalating geopolitical instability in the Middle East. Crude oil prices extended their gains after reports confirmed increased military activities involving Iranian targets and drone attacks reported in Kuwait.Meanwhile, gold saw strong buying support as investors flocked to safe-haven assets ahead of crucial guidance expected from next week's U.S. Federal Reserve meeting.Crude Oil Surges Amid Geopolitical Tensions Oil prices pushed higher after the U.S. military announced it had struck Iranian military targets for the 11th consecutive night. Concerns over potential...

Caliber Mining & Logistics Listing Set for Surge as Investors Await Allotment Clarity Investors who applied for the Caliber Mining & Logistics IPO are poised for a critical day, with the company expected to finalise the share allotment for its Rs 450-crore public issue. The outcome of today's process will determine which applicants receive shares, with a potential listing gain underscored by the current market enthusiasm.Following successful allotment, investors can expect their shares to be credited to their demat accounts ahead of the stock market debut on July 24, 2026, on both the NSE and BSE. The IPO generated immense buzz, boasting overwhelming interest that reflected broad confidence across institutional and retail...

Yen Plunges Past 163 as Oil Surge and US Yields Ignite Intervention Alert The Japanese yen has plummeted near an almost four-decade low on Wednesday, driven by a confluence of rising oil prices and increasing U.S. Treasury yields. The rapid depreciation has heightened market concern over potential intervention from Japanese authorities. In New York trading on Tuesday, the yen hit 163.24 per dollar, marking its weakest level since late 1986, remaining at 163.21 during early Asian sessions.Market Turbulence Amid Global Geopolitical Tensions The broader currency market experienced significant movement following a day of intense geopolitical tension in the Middle East. U.S. forces continued an eleventh straight night of strikes on Iran...

Gold Surges Near Two-Week High as Geopolitical Tensions Drive Safe Haven Demand Spot gold climbed to a nearly two-week high on Wednesday, driven by strong technical buying interest. The commodity maintained its elevated trend despite global uncertainties regarding central bank policy and ongoing instability in the Middle East.Spot gold rose 0.9% to $4,113.73 per ounce as of 0123 GMT, marking a ascent to its highest level since July 10. U.S. gold futures for August delivery saw continued strength, jumping 1.1% to $4,119.1. This resilience showcases investors’ focus on defensive assets while awaiting critical signals from the Federal Reserve regarding future interest rate directions.Geopolitical Instability and Energy Markets Shift...

Crude Oil Surge Jumps Past $90 as Geopolitical Tensions Escalate Amid US Strikes on Iranian Targets Oil prices surged to a two-month high on Wednesday amid escalating geopolitical tensions. Crude oil crossed the critical mark of $92 a barrel, reaching levels last seen in early June. This sharp rally comes after the U.S. conducted its eleventh consecutive night of strikes against Iranian military targets.The market volatility has intensified as Iran retaliated by targeting U.S. facilities located across Bahrain, Kuwait, and Jordan. The latest maneuvers follow reports that Kuwait's army was intercepting Iranian drones, underscoring the rapid deterioration of regional stability.Global Supply Worries Drive Crude Rally Concerns over...

Sensex and Nifty Brace for Volatility as Geopolitical Tensions Send Crude Oil Prices Rising Indian equity benchmarks are poised to face a cautious opening on July 22, driven by global cues and ongoing geopolitical tensions. The GIFT Nifty is trading lower in early trade at around 24,114.50, signaling a flat to negative start for domestic markets.Overnight Market Performance: Sensex and Nifty Close Down The Indian equity markets ended the previous session in decline, marking the second consecutive day of weakness. The Sensex finished down by 238.41 points or 0.31 percent at 77,470.11. Similarly, the Nifty closed lower by 50.80 points or 0.21 percent at 24,187.70.During the trading session, the market faced pressure, with the Nifty...

AVG Logistics Expands into Specialized Liquor Logistics and Transportation Segment New Delhi, July 21, 2026: AVG Logistics Limited, a leading multimodal logistics solutions provider, has strategically expanded its operations by finalizing commercial terms for long-term contracts in the liquor industry. This expansion marks a significant move as the company enters one of India's most regulated and quality sensitive supply chain sectors.The finalized agreements involve logistics and transportation services with two renowned companies within the liquor sector. These contracts are set for a duration spanning over five years, with an initial commercial consideration projected at approximately 25 crores during the financial year 2026-27...

Purple Finance Targets Inorganic Growth with Proposed Acquisition of Saksham Gram Credit Pvt Ltd. BSE-listed non-banking financial company (NBFC) Purple Finance Limited has announced plans to accelerate its growth through inorganic expansion, announcing the in-principle approval for the acquisition of Saksham Gram Credit Private Limited. This move is set to mark a significant entry for Purple Finance into rural and semi-rural markets.The Board of Directors accorded approval for the proposed acquisition of Saksham Gram Credit Private Limited as a 100% wholly owned subsidiary, subject to due diligence and regulatory approvals. The strategic purchase aims to build capabilities and expand the company's network structure.Purple Finance...

Veefin Solutions Ltd Board Meeting Scheduled for July 24, Set to Discuss Debt Securities Issuance Veefin Solutions Limited has scheduled a meeting of its Board of Directors set to take place on Friday, July 24, 2026. The primary agenda item for the meeting includes considering and approving the raising of funds through the issuance of debt securities via private placement.The board meeting is slated to consider the issuance of debt securities in one or more tranches or series based on a private placement model, subject to any requisite approvals needed by law. Any other actionable matters related to this matter will also be addressed during the session.In relation to insider trading protocols, the trading window for all directors...

Neetu Yoshi Secures Purchase Order from South East Central Railway for Bogie Component Supply Neetu Yoshi Ltd has secured a significant purchase order from the South East Central Railway, establishing a contract for the manufacture and supply of specialized bogie components. The domestic transaction involves supplying Centre Pivot Top for CASNUB 22 HS (Mod-I) Bogie to RDSO.The order represents a material contract award for Neetu Yoshi Ltd. The services involve the manufacture and subsequent supply of the specified component to the Railway entity.Key details regarding the contract are summarized below:DetailInformationClient EntitySouth East Central Railway (Domestic)Nature of ContractPurchase Order for Centre Pivot Top...

SEBI Mandates Freeze on Promoter Holdings During Buybacks: Key Rules and Implications Explained New Regulations Target Promoter Holdings During Corporate Actions The Securities and Exchange Board of India (SEBI) has introduced significant new regulations concerning the freezing of promoter group holdings during a company's buyback period. These directives are aimed at enhancing transparency and fairness surrounding corporate actions related to stock repurchase programs.Under the revised guidelines, depositories have been instructed to enforce the freeze on promoter and promoter group holdings specifically at the security level for the duration of the buyback. This measure comes into effect once a company's board or shareholders...

Asian Tech Rally Surges: Chip Stocks Rebound as AI Demand Intensifies; Oil Climbs Amid Geopolitical Tensions Asian equities extended their ascent for a second consecutive day, driven primarily by chipmakers that form the core of the artificial intelligence boom. The renewed momentum signals strong underlying demand for technology components following previous volatility in the sector.Semiconductor Sector Reacts to Rising AI Demand The optimism is palpable across regional markets. MSCI’s Asia Pacific equities gauge rose 1.2%, marking the largest one-day gain in a month. South Korea’s Kospi, often seen as a bellwether for AI investments, jumped more than 5%. A key semiconductor gauge also surged by 5.2%, indicating renewed confidence...

Iykot Hitech Toolroom Ltd Updates Board Composition with Key Appointments and Director Resignations Iykot Hitech Toolroom Ltd has undertaken significant changes in its board structure following a meeting held on July 21, 2026. The company announced the appointment of three new Additional Directors while simultaneously taking note of several resignations from Non-Executive Independent Directors. The Board meeting also concluded with the reconstitution of various directorial committees.The company welcomed Mr. Vaibhav Agarwal and Mr. Rajesh Chunilal Bhojani as additional directors, alongside the appointment of Mr. Arjun Bikas Dutta to the board. This move brings new expertise across financial services and compliance to the management...

Bandhan Bank Profits Surge 35% as Markets Track Key Earnings and Strategic Shifts in Tech to Retail Giants Key Financial Performances: Banking and Consumer Staples Shine The market focus remains heavily concentrated on corporate earnings releases. Bank stocks saw strong performances with Bandhan Bank reporting a significant Q1 surge, posting a 35% profit increase to ₹501.7 crore from ₹372 crore. The bank's Net interest income rose by 5.9%, reaching ₹2,920.6 crore versus ₹2,757.2 crore. Furthermore, provisions and contingencies experienced a sharp 40.5% plunge, down to ₹682.6 crore from ₹1,146.9 crore.Indian Hotels Company also demonstrated robust performance in its Q1 (Consolidated YoY). The company saw profit grow by 20.8% to reach...

Rupee Rallies as Forex Inflows Surge; Currency Climbs Amid Lower Oil Prices The Indian rupee strengthened on Tuesday, climbing by 21 paise to close at 96.24 against the US dollar. This recovery was supported by continued steady foreign currency inflows and tempering demand for the dollar due to lower oil prices.The stability was further reinforced by revelations from the Reserve Bank of India (RBI) concerning dedicated programs aimed at drawing durable forex inflows. These focused initiatives have reportedly garnered nearly $21 billion, bolstering investor sentiment toward the domestic currency.Forex Inflows Drive Rupee Strength The movement in the rupee reflected a shift in market focus away from commodity-driven dollar demand...

SBI Funds Soars on Debut Day as Mutual Fund Giant Breaches Market Benchmark Strong Stock Debut Signals Investor Confidence in Financial Sector SBI Funds Management, a powerhouse in India's asset management industry, made a robust debut on the stock market. The company's shares saw significant appreciation after its listing on the NSE on Tuesday. SBI Funds opened at ₹613.30, achieving a premium of 6.85% over its initial public offering (IPO) price of ₹574 per share.The fund house closed at ₹610.15 on the NSE, marking a solid gain of 6.30%. This performance highlights strong investor appetite for established financial players entering the capital markets. At the closing bell, SBI Funds' market capitalization stood at an impressive ₹1.24...