Markets

Sensex Plummets Amid Oil Price Surge as Geopolitical Tensions Hold Market Sentiment in Check Stock benchmarks faced a challenging session on July 21, with both the Sensex and Nifty trading lower due to elevated energy costs and significant concerns surrounding key banking stocks. The overall market decline was partly driven by global geopolitical tensions and the ongoing volatility in crude oil markets.At 10:55 am, the Sensex stood at 77,455.89, registering a drop of 252.63 points or 0.33%. The Nifty tracked closely, trading at 24,174.60, down by 63.9 points or 0.26%. Approximately 1,729 shares advanced while 1,725 shares declined, with 187 remaining unchanged.Crude Oil Spike and Global Geopolitical Risks Weigh on Markets A major...

SBI Funds Management Debuts: Shares Clear 7% Premium, But Analysts Clash on Target Price and Future Upside SBI Funds Management (SFM) concluded a moderate debut on Dalal Street, listing at a premium compared to its IPO price but falling short of pre-listing grey market enthusiasm. The AMC's shares opened on the NSE at ₹613.30, posting a 6.85% gain over the IPO price of ₹613.30. Meanwhile, SFM listed at ₹610 on the BSE, marking a 6.27% premium to its IPO issue price of ₹574.The initial listing allowed the company to achieve a market capitalization of ₹1.24 lakh crore. This debut followed intense investor interest generated during the offering period, despite the listing's outcome being below the anticipated grey market premium (GMP)...

SBI Funds Surges Post-Listing: IPO Performance Drives Market Cap to Second Largest Asset Manager Status Stock Extends Listing Gains Following Solid Debut on NSE and BSE SBI Funds Management shares sustained its initial market enthusiasm, extending listing gains to nearly 9 percent on Tuesday. The stock reflected a robust debut following the conclusion of its Initial Public Offering (IPO).The company debuted at ₹613.30 per share on the National Stock Exchange (NSE), marking an increase of 6.85 percent from the IPO price of ₹574. On the Bombay Stock Exchange (BSE), the shares listed at ₹610, reflecting a premium of 6.27 percent. Later in trading, the stock climbed further, reaching ₹624.90 on the NSE, reflecting an 8.8 percent rise from...

Precious Metals Surge: Gold Rallies on Iran Diplomacy, Yet Risk from Houthi Blockade Keeps Markets Tense Gold and silver saw renewed strength on the MCX, posting gains for the second consecutive session. The rally occurred amid indications of revived diplomatic efforts between Washington and Tehran. However, this bullish sentiment was tempered by escalating geopolitical risks as Yemen's Houthis threatened a naval blockade against Saudi Arabia, fueling concerns over potential spikes in crude oil prices.Precious Metals Performance on MCX MCX silver futures for September 2026 delivery surged significantly, trading at ₹2,21,509 per kg, up by ₹3,109. Simultaneously, gold futures for August 2026 delivery gained by ₹1,000, reaching ₹1,42,390...

Mukand Limited Announces Dividend Recommendation and Schedules 88th Annual General Meeting Mukand Limited has set the date for its upcoming 88th Annual General Meeting (AGM) while informing stakeholders about a dividend recommended by the Board of Directors.The company's 88th AGM is scheduled to be held on Wednesday, August 12, 2026, at 11:30 a.m., and will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).Regarding the dividend, the Board has recommended a rate of 30%, which translates to Rs. 3/- per equity share, where the face value is Rs. 10/-. This dividend payment is subject to approval by the shareholders at the AGM.If the dividend is declared as planned during the meeting, it will be paid...

Crisil Limited Extends Timeline for Coalition Singapore Closure Amid Regulatory Awaits Crisil Limited has updated the operational status of its wholly owned subsidiary, Coalition Development Singapore Pte. Ltd., noting that the closure process is taking longer than initially expected.The company confirmed that Coalition Singapore remains non-operational and currently holds no ongoing business activities. This follows a previous announcement regarding the intended shutdown of the entity.Initially, the completion of Coalition Singapore’s closure was anticipated within one year, specifically by July 21, 2026. However, the closure has not yet been finalized as necessary regulatory approvals in Singapore are still pending.The expected...

Exxaro Tiles Ltd to Hold Board Meeting to Approve Q ended June 302026 Financial Results Exxaro Tiles Ltd has scheduled a meeting of its Board of Directors to review and approve the company's unaudited financial results for the quarter ended June 30, 2026. The board meeting is slated for Saturday, July 25, 2026.The primary agenda item for the upcoming meeting includes the consideration and approval of both the Standalone and Consolidated unaudited Financial Results for the specified period.In line with trading regulations, the company confirmed that the window for trading in Exxaro Tiles Ltd shares has been closed effective from July 1, 2026. Trading will resume after a period of 48 hours following the general availability of the...

Teja Engineering Wins New O&M Orders from ONGC Valued at ₹181.92 Million Teja Engineering Industries Limited, a fast-growing engineering services company in India's energy infrastructure sector (NSE: TEJA), has secured multiple Operation & Maintenance (O&M) contracts from Oil and Natural Gas Corporation Limited (ONGC). These contract wins solidify the company’s standing as a preferred partner in critical oil and gas infrastructure projects nationwide.The new business represents a total value of ₹181.92 million, spread across two significant contracts with ONGC.Key Contract Details: Teja Engineering secured the following O&M contracts:Mandapeta and Tatipaka Installations (Rajahmundry Asset): A 3-year O&M contract for LP Gas...

RBI Extends Regulatory Oversight: Three-Month Deadline Set for Suri Friends’ Union Co-operative Bank The Reserve Bank of India (RBI) has extended critical regulatory directions concerning The Suri Friends' Union Co-operative Bank Ltd., located in Suri, West Bengal. This extension mandates the bank to comply with specific directives under Section 35A read with Section 56 of the Banking Regulation Act, 1949.The RBI Press Release confirms that the existing directions, which were last extended until July 22, 2026, are being further extended for an additional period. This action is part of the ongoing regulatory supervision mandated by the central bank.Details of the Three-Month Extension Period In exercising powers vested under Section...

Aye Finance Reaches Rs 7,044 Crore AUM, Revolutionizing Credit For India's Micro Enterprises Aye Finance Limited, a non-banking financial company (NBFC-ML), has successfully scaled its operations, reporting an Assets Under Management (AUM) of Rs 7,044 crore as of March 2026. The company operates at the forefront of reinventing credit for micro enterprises across India's manufacturing, trading, service, and allied agriculture sectors, targeting the largely underserved segments of the Indian economy.Aye Finance is dedicated to solving the problem of economic exclusion by providing innovative, customer-centric financial services directly tied to business performance rather than property collateral. The company serves over 650,000 active...

Almondz Global Securities Schedules Board Meeting to Approve Unaudited Financial ResultsAlmondz Global Securities Ltd has scheduled a meeting of its Board of Directors to review and approve the Unaudited Financial Results for the Quarter ended June 30, 2026. The board meeting is set to take place on Tuesday, July 28, 2026.The meeting agenda includes the consideration and approval of the company's financial performance for the specified quarter. Management will review both the Standalone and Consolidated Unaudited Financial Results during the session.ALMONDZ Stock Price Movement As of 11:06 AM, shares of Almondz Global Securities Limited are edging higher to ₹13.24, gaining 1.53% in live trading. The equity is actively trading on a...

Choice Group Secures ₹191 Crores in Government Mandates Across Digital Transformation and InfrastructureChoice Group has successfully secured multiple government mandates through its subsidiaries, Choice Consultancy Services Private Limited (CCSPL) and Ayoleeza Consultants Private Limited. The contracts span Q1 FY27, with an aggregate contract value of approximately ₹191.38 Crores. These projects cover critical areas including e-governance, digital transformation, railway infrastructure development, and project management consultancy across various states in India.The successful wins solidify Choice Group's role as a trusted partner for governments committed to large-scale public sector transformation and the delivery of essential...

Teja Engineering Industries Secures Two Significant O&M Contracts from ONGC Teja Engineering Industries Limited has secured two new Operation and Maintenance (O&M) contracts with Oil and Natural Gas Corporation Limited (ONGC), marking a growing engagement between the company and the state-owned energy corporation. The contracts span different assets and provide services across diverse operational scopes, totaling approximately ₹18.2 crore.The acquisitions include an O&M contract for LP Gas Compression Facilities at Mandapeta and Tatipaka Installations, Rajahmundry Asset, as well as an O&M services agreement for GCP-I, GCP-IV and GCS Motwan under the Ankleshwar Asset.Details regarding both contracts are summarized below:Contract...

Denta Water Secures Two New Major Contracts for Water Infrastructure Projects Denta Water and Infra Solutions Limited has received two significant orders related to water infrastructure improvements and restorations, totaling nearly Rs 65 crore across both contracts. The agreements involve work with Karnataka Neeravari Nigam Limited (KNNL) and JNS infra projects private limited.The first contract is a Letter of Acceptance from Karnataka Neeravari Nigam Limited (KNNL). This domestic order involves the improvement of water systems in Ballari Tq & Dist under the KMERC Grant. The project encompasses improvements to two pickups and four pickup canals, along with enhancements to Kolur LIS under D-13 of RBHLC, and the construction of...

Mobavenue AI Tech Unveils Neural Engine, Shifts Focus from Campaign Execution to Marketer Decisions Mobavenue AI Tech Limited, an AI-native technology company operating across advertising, marketing, and consumer growth, has unveiled its new brand identity and announced the launch of the Mobavenue Neural Engine. This AI intelligence layer is designed to operate across the company’s advertising platforms, marking a significant strategic shift from merely executing campaigns to actively helping marketers make data-driven decisions.The Neural Engine serves as an integrated intelligence layer within Mobavenue’s established A3 framework—Awareness, Acquisition, and Activation. It empowers clients by collapsing complex workflows into a...

Supreme Infrastructure Achieves Major Funding Milestone for Lender Settlement Under Compromise Scheme Supreme Infrastructure India Limited has announced a crucial financial milestone regarding its Scheme of Compromise and Arrangement with its lenders. The company created a Fixed Deposit sufficient to meet the balance settlement obligations owed to all remaining lenders under the sanctioned Scheme.The company secured the necessary funding by creating a Fixed Deposit amounting to Rs. 120 Crores with the Lead Bank, State Bank of India (SBI). This deposit has been specifically earmarked for facilitating the completion of payments related to escrow formalities upon successful implementation of the scheme.The matter was reviewed before...

Kapil Raj Finance Announces Resignation of Company Secretary and Compliance Officer Kapil Raj Finance Ltd has confirmed the cessation of Ms Preeti Kakkar from her role as Company Secretary and Compliance Officer. The company stated that she resigned from the position for personal reasons.The Board of Directors accepted the resignation, which is effective as of June 15, 2026.The company extended its appreciation for the valuable services rendered by Ms Kakkar during her tenure with Kapil Raj Finance Ltd.In light of this change, the company confirmed that it is actively in the process of appointing a new Company Secretary and Compliance Officer and will inform stakeholders upon making such an appointment.Key details regarding the...

Elantas Beck India Ltd. to Host Board Meeting for H1 2026 Results; Insider Trading Window Status Confirmed Elantas Beck India Ltd. has scheduled a meeting of its Board of Directors to consider and approve the unaudited financial results for the quarter and half year ended on June 30, 2026.The Board Meeting is set for Tuesday, August 04, 2026, with the primary agenda item being the review and approval of the company's performance during the specified period.In addition to the meeting notification, the company provided details regarding the operational status of its trading window in adherence to insider trading regulations.Key financial and operational dates:EventDate/TimeDetailsBoard MeetingTuesday, August 04, 2026To...

SNL Bearings Ltd. Announces 46th Annual General Meeting Date and Record Date SNL Bearings Limited has announced the details for its 46th Annual General Meeting (AGM). The AGM is scheduled to be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) on Tuesday, August 11, 2026.The company confirmed that shareholders eligible to vote at the AGM will be determined based on the "Cut-off Date" (Record date), which has been fixed as Tuesday, August 04, 2026. The meeting is slated for 11:30 A.M. IST.Stock Price Movement As of 10:54, SNL Bearings Ltd. is edging lower, trading at ₹373.65, which registers a 1.41% decline. The stock has experienced intraday volatility, finding support near the low of ₹373.65 after hitting a high...

Batliboi EEG Division Secures ₹52 Crore Contract for SAEL's Solar Cell Manufacturing Facility Batliboi Ltd has secured a major contract through its Environmental Engineering Division (EEG) with SAEL Industries Limited. The contract, valued at ₹52 crores, covers the Design, Supply, Installation, and Commissioning of pollution equipment for SAEL's new Solar Cell Manufacturing facility in Jewar, Uttar Pradesh.The agreement involves Batliboi Ltd - EEG Division designing, engineering, supplying, installing, and commissioning a PEX System that will support SAEL Industries Limited's 6GW solar cell line. The project is slated to be commissioned within the next 6-8 months.This contract marks a significant step for the company's division as...