Markets

FIIs Snap Back After Brutal Selloff: Which Sectors Are Pumping $3 Billion into Indian Stocks? Foreign Institutional Investors (FIIs) have reversed their sustained selling streak in Indian equities, snapping back with significant inflows. Over the first half of July, FIIs pumped nearly $3 billion into the market, marking a turnaround after they had pulled out close to $20 billion in FY26. However, this comeback is highly targeted rather than an across-the-board rebuilding of positions following months of intense outflows.The Targeted Nature of FII Capital Deployment The data indicates that the current FII return is predominantly tactical, focusing on specific high-growth areas. While a substantial turnaround has occurred in certain...

Nifty Pharma Plunges on US Tariff Fear: Drugmakers Brace for 100% Import Duties Pharmaceutical Stocks Tumble Amid Trump’s Staggered Tariff Plan The Nifty Pharma index emerged as the worst-performing sectoral index in early trade on Wednesday, falling nearly 2 percent. This decline was triggered by the announcement of a phased tariff plan for generic medicines by US President Donald Trump. The move has immediately raised concerns over the long-term viability and revenue outlook for Indian drugmakers who rely heavily on the US market.The Nifty Pharma index registered a steep drop of 1.7 percent, settling at 25,650.10. This significant selling pressure was part of a broader weak trading session across the indices. The Sensex declined by...

IHCL Surges on Stellar Q1 FY27 Results; Net Profit Jumps 18.5% as Hotel Chain Achieves Consecutive Best Quarter Strong Financial Performance Drives Hotels Company's Q1 Growth Indian Hotels Company (IHCL), a key holding of the Tata Group, reported robust financial results for the first quarter of FY27, positioning it among top performers in the hospitality sector. The hotel chain announced a 18.5% year-on-year rise in net profit, reaching ₹390 crore. This strong showing confirms that Q1 FY27 marked the company's 17th consecutive best-ever quarter, according to CEO and MD Puneet Chhatwal.Margin Expansion and Business Diversification Boost EBITDA The consistent performance of IHCL was attributed by management to its highly diversified...

Shree Balaji Mala Textiles SME IPO Opens: Grey Market Premium Signals 21% Surge Potential Amid Strong Financials The BSE SME initial public offering (IPO) of Shree Balaji (Mala) Textiles Ltd. opens today, July 22, 2026. The issue is attracting significant attention in the grey market, with current indications suggesting a robust premium before listing on the BSE SME platform. The company aims to raise ₹18.90 crore through this fresh equity issuance.The IPO subscription period runs from July 22 to July 24, 2026. Shree Balaji Mala Textiles is offering a fresh issue of 27 lakh equity shares at a price band ranging from ₹66 to ₹70 per share. This move comes as the company seeks capital to bolster its operational strength and meet working...

Paras Defence Subsidiary to Invest Rs 6,200 Crores in Greenfield Advanced IC Packaging Facility in Madhya PradeshParas Semiconductors Private Limited, a subsidiary of Paras Defence and Space Technologies Limited, has signed a Memorandum of Understanding (MoU) with the Department of Science and Technology, represented by MP State Electronics Development Corporation (MPSeDC). This partnership aims to establish a greenfield advanced IC packaging Outsourced Semiconductor Assembly and Test (OSAT) facility in Madhya Pradesh.The collaboration between Paras Semiconductors and MPSeDC will integrate their respective expertise and resources to facilitate the establishment of the sophisticated manufacturing base.Paras Semiconductors plans to...

Viviana Power Tech Ltd Secures Contract Worth Rs 1,28 Crore from PGVCL Viviana Power Tech Limited has secured multiple turnkey contracts from its existing client, M/s. Paschim Gujarat Vij Company Limited (PGVCL). The total aggregate value of these contracts stands at Rs 1,28,34,96,353.00, inclusive of taxes.The contract award pertains to work under the System Improvement (SI) Scheme executed by PGVCL in its Bhuj Circle and Rajkot Rural Circle divisions. The scope of work encompasses the Supply, Installation, Testing, and Commissioning of 11 KV Medium Voltage Covered Conductor (MVCC), along with all necessary accessories and allied items.The company had previously disclosed this order value through a press release dated July 21...

Hexaware Dream Runners Half Marathon 2026 Draws 7,339 Participants, Raises Over INR 50 Lakhs for Social Causes Chennai, India, July 22, 2026 — The 15th edition of the Dream Runners Half Marathon (DRHM) in Chennai drew over 7,339 runners on July 19, 2026. Hexaware Technologies Limited returned as the title sponsor for the seventh consecutive year, underscoring the event's significance to community health and social impact in the city.The half marathon remains one of Chennai’s largest events, reflecting its commitment to social responsibility alongside corporate engagement. Preparation for the race began months in advance, with free, structured training programs offered across 14 Dream Runners chapters within Chennai. These sessions...

CSB Bank Grants Stock Options Under Employee Scheme 2019 to Eligible Staff CSB Bank Ltd. announced that its Nomination and Remuneration Committee has approved the grant of stock options to an eligible employee under the CSB Employee Stock Option Scheme 2019. The decision was made during a meeting held on July 22, 2026.The bank granted 61,565 stock options, which are exercisable into up to 61,565 equity shares of the Bank at a face value of Rs. 10/- each. The exercise price for these options was set at Rs. 370.00 per equity share.The pricing formula specified that the grant was based on the latest available closing price recorded on Tuesday, July 21, 2026, which was the previous trading day immediately preceding the committee's...

Pharma Stocks Brace for Turbulence as Trump Unveils Steep Tariff Plan on Generic Drugs from 2028 Shares of Sun Pharma, Cipla, Dr Reddy's Laboratories, Lupin, Aurobindo Pharma, and other Indian pharmaceutical companies are expected to face significant scrutiny following a major announcement by US President Donald Trump. The President unveiled a phased tariff structure targeting generic medicines imported into the United States, setting up a prolonged period of temporary relief followed by dramatically increased duties.The move has put the entire segment under intense focus, especially as these firms rely heavily on the crucial US generics market. Generic medicines account for more than 90% of all prescriptions dispensed in the USA...

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...