Markets

KCP Sugar, Ashiana Housing Surge as Momentum Stocks Breakout in Cautious Market A selective wave of momentum-driven stocks saw massive upward movement on July 20, defying mixed market cues. While some sectors faced bearish pressure, several companies showcased powerful technical breakouts, trading strongly above key moving averages. This focused performance highlights the power of sustained buying interest in select high-momentum equities.Momentum Stocks Drive Gains: KCP Sugar and Ashiana Housing SurgeKCP Sugar witnessed a sharp surge, climbing 15.88% to reach ₹25.69. This impressive gain places the stock above its 30-day (₹22.17), 50-day (₹23.13), 150-day (₹23.97), and 200-day (₹25.37) simple moving averages, signaling powerful...

Paytm Shares Surge as Q1 Net Profit Jumps 79%; Analysts Offer Mixed Verdict Fintech giant Paytm saw its stock climb on Tuesday, reacting strongly to impressive first-quarter results. The company reported a significant profitability turnaround, with consolidated net profit jumping 79% year-on-year (YoY). This surge comes amid growing speculation regarding potential regulatory shifts and strengthening underlying business fundamentals.Strong Q1 Results Drive Stock Rally Paytm's financial performance exceeded expectations across the board in the first quarter of the fiscal year. Consolidated net profit rose a massive 79% YoY to ₹220 crore, significantly up from ₹123 crore reported a year prior. Revenue from operations also demonstrated...

Kospi Drops After 4% Rally as Wild Volatility and Chip Stock Dependence Raise Market Concerns South Korea's KOSPI slipped on Tuesday, failing to stabilize despite a 4% gain. The decline came as the benchmark index remains firmly within a bear market. This loss followed a sharp period of wild swings throughout the year, characterized by extreme volatility in the equity market.The stock index settled at 6,764, snapping a two-session losing streak after it had previously crashed 10%. The slight recovery was primarily driven by chipmakers Samsung Electronics and SK Hynix, both of which saw their shares jump up to 6%. However, this rally does not erase the fact that the index is still nearly 28% lower than its high of 9,386 seen in June...

Brent Oil Could Surge Past $120 as Middle East Disruptions Escalate: Goldman Sachs Warns of High Risks Global energy markets are under intense pressure following escalating geopolitical tensions in the Middle East, according to analysis from Goldman Sachs Group Inc. While maintaining a base forecast predicated on de-escalation, the bank warns that risks associated with shipping disruptions through vital waterways could push Brent crude prices far higher than anticipated.Analysts at Goldman Sachs, including Daan Struyven, noted that the combination of regional escalation and reduced estimated flows in the Persian Gulf have significantly driven up oil costs recently. Current projections set Brent at $80 a barrel for the fourth quarter...

Regulatory Scrutiny Hits Wanbury as Profit Surges Drive Sobha and Mixed Earnings Impact Stock Markets The stock market is witnessing a day defined by corporate specific developments, with investors reacting intensely to regulatory inspections, Q1 earnings reports, and strategic partnership announcements across various sectors. While some companies face headwinds, others are charting significant growth trajectories based on robust financial performance or key deals.Wanbury Declines Amid FDA Inspection Outcome Wanbury shares experienced a decline of 5% following the conclusion of a routine cGMP inspection at its Andhra Pradesh facility by the USFDA. The regulatory body issued a Form 483, noting six observations related to the process...

Sensex Slips 59 Points Despite Iran-US Talks; Market Awaits Global Geopolitical De-escalation The Indian stock market witnessed a subdued session on Tuesday, with both the Sensex and Nifty showing marginal losses. This trend persisted despite reports of ongoing mediation efforts between the United States and Iran aimed at resolving regional tensions.Sensex dipped by nearly 59 points, settling at 77,650. Meanwhile, the Nifty 50 also declined over 22 points, closing at 24,216. Although major indices faced headwinds, the broader market segments showed some resilience. Nifty Midcap 100 and Nifty Smallcap 100 were observed trading with marginal gains.Market Performance and Sectoral Trends The benchmark Sensex saw several stocks lead the...

Fintech Tug-of-War: Paytm Shares Slip Despite Earnings Beat as Citi Pushes Higher While CLSA Stays Cautious Shares of One 97 Communications Ltd (Paytm) saw a slight decline in early trading on Tuesday, falling nearly 0.92 percent to Rs 1,335.10. This dip occurred even after the fintech giant reported a robust fiscal first quarter, marked by solid increases in net profit and revenue.The stock had closed at Rs 1,347.5 on Monday, down marginally ahead of its earnings announcement. Despite the minor slip, Paytm remains a strong performer, having gained 4.4 percent so far in 2026. This performance contrasts sharply with the Nifty 50, which saw a 7.3 percent decline.Q1 Earnings Reveal: Massive Growth in Revenue and Profit Paytm delivered...

Rupee Plunges Below 96.50 Amid Geopolitical Risks as Crude Oil Prices Test Higher Levels Indian Rupee Weakens Against Dollar Due to Global Commodity Concerns The Indian rupee saw renewed pressure in early trading on Tuesday, slipping six paise to 96.42 against the US dollar. This decline was driven by elevated global crude oil prices and escalating geopolitical tensions involving the United States and Iran.The currency crossed the 96.50 mark during the prior session for the first time in two months. Traders noted that intervention from the Reserve Bank of India (RBI) successfully mitigated a steeper depreciation in the rupee's value.Energy Market Risks Drive Bearish Sentiment The outlook for the rupee has worsened recently...

Caliber Mining IPO Surges in Grey Market; GMP Points to 22% Listing Gain as Demand Explodes Caliber Mining & Logistics' Rs 450-crore Initial Public Offering (IPO) saw intense investor interest on its third day of bidding, solidifying its reputation as a high-demand issue. The stock is currently trading in the grey market at a premium that suggests substantial upside potential for those who subscribe to the offering.IPO Subscription Status and Investor Appetite The IPO maintained robust participation across all segments, underscoring strong investor confidence in the logistics and mining sector. Total subscription status stood at 23.73 times against the offered shares of 78.35 lakh.The Non-Institutional Investors (NII) segment...

IndiGo Places Record Order for 1,000+ LEAP Engines in Historic MoU with CFM International Shares of InterGlobe Aviation, parent company of IndiGo, are anticipated to be under significant focus following the signing of a major Memorandum of Understanding (MoU) with CFM International. The agreement secures an order for more than 1,000 LEAP-1A engines, set to power 510 Airbus A320neo Family aircraft.This MoU represents the largest single order ever placed for LEAP engines and is also noted as a record milestone for CFM International. Beyond just engine supply, the partnership commitment extends deeply into operational support. The deal includes assistance from CFM International in establishing IndiGo's planned engine maintenance, repair...

Millworks Technologies Listing Soars: Grey Market Premium Signals 120% Jump on BSE SME Debut Millworks Technologies is set for a high-stakes stock market debut on Tuesday, July 21, following a massively successful Initial Public Offering (IPO). The shares are currently commanding significant excitement in the grey market (GMP), reflecting strong pre-listing investor sentiment.The company's listing performance is being heavily focused on by the markets, with the current GMP suggesting a potential listing price close to ₹726 per share. This projected valuation represents a substantial gain of about 120% when compared to the IPO’s upper price band of ₹331. While the grey market indicator is unofficial, it underscores the robust...

ITC Breaks Record Revenue Mark: FMCG Push and Digital Strategy Fuel Growth Ahead of AGM Diversified conglomerate ITC Ltd is set for a critical period as it nears its 115th Annual General Meeting (AGM) while preparing to announce results that reflect significant strategic evolution. The company's focus remains firmly on the "ITC Next" strategy, balancing traditional strengths with aggressive moves into digital and organic growth segments.Key Dates and Investor Focus Investors are keenly awaiting the outcome of the upcoming board meeting where unaudited standalone and consolidated financial results for the quarter ending June 30, 2026 will be considered. The Board of Directors is scheduled to convene on July 31 to finalize these...

AU Small Finance Bank Allots 3,03,613 Equity Shares Pursuant to Employee Stock Options AU Small Finance Bank Ltd has allotted a total of 3,03,613 equity shares, with a face value of Rs. 10/- each. The allotment took place on July 20, 2026, following the exercise of equivalent number of Employees Stock Options (ESOPs) under various ESOP schemes.The allotted shares were distributed across four different ESOP programs:ParticularsNo. of Equity SharesESOP 20163ESOP 20181,32,260ESOP 20201,40,201ESOP 202331,149Total3,03,613The exercise of these options resulted in a change to the bank's capital structure. The paid-up equity share capital of AU Small Finance Bank is set to increase from Rs. 7,49,28,54,430 to Rs...

Paytm Scraps First Bonus Issue Proposal, Pivots to Profitability and Expansion Post Strong Q1 Results One97 Communications, the parent company of fintech giant Paytm, has made a significant strategic shift, deciding not to move forward with its proposed maiden bonus share issue at this time. The management has instead chosen to focus intently on business expansion and enhancing long-term profitability to maximize value for its shareholders. This decision comes after the board discussed the matter during its meeting held on July 20, concluding that prioritizing operational strengthening was necessary immediately.Strategic Shift: Canceling Bonus Issue Proposal The company had initially informed stock exchanges on July 15 that it would...

K2 Infragen Limited Appoints D K Raju as Senior Vice President to Lead High-Growth HAM PortfolioGurugram, July 21, 2026: K2 Infragen Limited, a rapidly scaling multivertical engineering and infrastructure institution (NSE: K2INFRA), has announced the appointment of Mr. Danda Kanaka Raju (Mr. D K Raju) as Senior Vice President for its Hybrid Annuity Model (HAM) Project vertical. This strategic move is aimed at strengthening the company’s managerial capacity as it advances into an intensive, high-velocity execution phase across its road, railway, and utility power portfolios.The appointment underscores K2 Infragen's commitment to building deep management bench strength during its transition into larger infrastructure mandates. This...

Rupee Holds Steady at ₹96.41 Against Dollar Despite Crude Oil Fears and Global Market Tension The Indian rupee managed a marginal recovery against the US dollar on July 21, opening higher despite persistent concerns surrounding high crude oil prices and bearish trends observed in derivative market positioning supporting the dollar's demand. The domestic currency opened 4 paise stronger at ₹96.41 per US dollar, showing resilience from its previous closing rate of ₹96.45.Domestic Currency Movement and RBI Intervention Focus Persistent dollar buying activity by oil marketing companies continues to put pressure on the rupee. However, the Reserve Bank of India (RBI) is reportedly intervening in the market. The central bank is said to be...

SBI Funds IPO Transforms 13 Employees into Crorepatis as ESOP Haul Hits ₹121 Crore SBI Funds Management is poised to make a debut in the stock market, translating years of employee dedication into substantial wealth creation. The company’s Initial Public Offering (IPO) has highlighted the significant payoff provided by its Employee Stock Ownership Programme (ESOP). At an issue price of ₹574 per share, senior executives and long-serving employees stand to gain enormous fortunes, underscoring the success of the program introduced back in 2018.Key Executives Witness Massive ESOP WindfallThe IPO has created multi-crore fortunes for several senior management members at SBI Funds. Deputy Managing Director Devinder Pal Singh is set to be...

Money Market Liquidity Absorbed by RBI: Repo Rate Holds Steady as Overnight Transactions Cross 6.7 Lakh ₹ Crore Mark The Reserve Bank of India (RBI) conducted key operations across various money markets on July 20, 2026. The data reveals a focused liquidity management effort, with the central bank absorbing significant net liquidity from both today's and outstanding operations. Overnight segment transactions peaked, underscoring active market participation while maintaining rates within established ranges.Overview of Money Market Operations The overall money markets witnessed substantial activity in the overnight segment, totaling ₹ 6,70,648.83 crore. The Weighted Average Rate across all money markets stood at 5.26%, indicating a...

Aurum PropTech Acquires Housing.com to Build Integrated Real Estate Ecosystem Aurum PropTech Limited has acquired 100% of Housing.com, India's leading consumer property platform. The transaction is aimed at strengthening the company’s ecosystem and establishing a fully integrated technology infrastructure across the entire real estate value chain in India.The acquisition involves the issuance of 1,97,93,309 new Aurum PropTech equity shares to REA India. Following this deal, total shareholding for REA India in Aurum PropTech is set to reach approximately 24.9%.Housing.com, which provides services such as AI-powered search and intelligent lead generation, will join a portfolio that includes NestAway, PropTiger, HelloWorld, Sell.do...

Powering Up India's Infra Sector: Absolute Projects and Jindal Supreme Secure SEBI Nod for IPO Launch The Indian market is bracing for the arrival of two manufacturing giants, as both Absolute Projects (India) Ltd and Jindal Supreme (India) Ltd have secured crucial regulatory clearance from SEBI to float their Initial Public Offerings (IPOs). This development signals growing investor confidence in the core infrastructure and industrial sectors within the country.The companies received SEBI's observations on July 17, having submitted their preliminary IPO documentation between April and May. In the context of market regulations, an observation from SEBI signifies full approval to move forward with the IPO process. Shares of both...