Markets

Banking Stocks Plummet! Sensex Slashes as US-Iran Escalation and Crude Price Surge Hit Indian Markets The Indian stock markets faced a sharp downturn on Monday, with benchmark indices plummeting amidst significant selling pressure across various sectors. The decline was driven primarily by heavy selling in banking shares, rising global oil prices, and escalating geopolitical tensions between the United States and Iran.At 9:30 a.m., the Sensex recorded a fall of 575.67 points or 0.74 percent, standing at 77,575.78. The broader Nifty index also experienced a slide, declining by 152 points or 0.62 percent to reach 24,182.30.Banking Sector Under Intense Selling Pressure A critical factor contributing to the market slump was the...

Liquidation Estate of Ushdev International Listed for E-Auction Ushdev International Limited, which is in liquidation, has initiated an e-auction sale of its assets under the provisions of the Insolvency and Bankruptcy Code, 2016. The company's estate assets are scheduled to be sold through the BAANKNET (Bank Asset Auction Network) portal.Interested parties can inspect the assets during a dedicated period before the auction date. Key timelines for the sale include:Site Inspection and Due Diligence: The inspection window runs from July 21, 2026, to August 4, 2026. EOI Submission Deadline: The last date for submitting Expression of Interest (EOI) and eligibility documents is Tuesday, August 4, 2026, by 6:00 P.M. EMD Submission: The...

AI Titans Steer Markets: US Earnings Season Accelerates as Tech Giants Face Crucial Profitability Scrutiny The U.S. stock markets are entering a period of intense scrutiny as major corporate earnings reports begin rolling out this week. With investors keenly focused on artificial intelligence (AI)-driven growth and the performance of key technology leaders, the coming days will provide significant direction to global sentiment. More than 80 S&P 500 companies are scheduled to release their quarterly results, underscoring the critical nature of the current market cycle.Wall Street entered this busy earnings week following a volatile stretch. The S&P 500 ended lower last week amid a sharp sell-off in semiconductor stocks. Despite the...

HDFC Bank Plummets 5% as Q1 Net Profit Rises Marginally Amid Margin Concerns Shares of India's largest private sector lender, HDFC Bank, dropped 5% to Rs 780 on the BSE on Monday. The decline followed the release of its quarterly results for the April-June quarter of FY27, where the bank reported a modest 5% year-on-year (YoY) rise in standalone net profit.The bank recorded a standalone net profit of Rs 19,060 crore during the quarter. This figure is compared to Rs 18,155 crore earned in the corresponding period last year. While net interest income (NII) increased by 7% YoY to Rs 33,534 crore from Rs 31,438 crore a year earlier, the results highlighted margin pressures.Key Financial Highlights of HDFC Bank Q1 Results The bank's Net...

Silverstorm Parks & Resorts Gears Up for IPO: Amusement Giant Aims Rs 82 Crore Raise Amid Strong Financial Surge Kerala-based Silverstorm Parks and Resorts is set to tap the capital markets next week with its maiden Initial Public Offering (IPO). The company has launched an offering seeking Rs 82.43 crore, marking a significant fundraising effort for the amusement and resort chain. This SME public issue will open on July 24 and close on July 28.The IPO is part of a sequence, following Gulf Lloyds India, Metalic Technoforge, and Shree Balaji (Mala) Textiles in securing capital markets attention during this period. The offering consists entirely of fresh shares totaling 61.98 lakh equity stakes, without any offer-for-sale component...

ICICI Surges on Stellar Q1 Earnings; Analysts Project Up to 32% Rally as Asset Quality Improves ICICI Bank shares climbed 3% to Rs 1,480 on Monday after the private sector lender unveiled exceptionally strong earnings for the June quarter. The performance was driven by double-digit growth in profit and net interest income (NII), coupled with significant improvements in asset quality and robust loan expansion across key segments.The results reaffirmed ICICI’s position as a high-quality franchise within the competitive banking sector. Analysts are responding aggressively, with multiple brokerages raising their price targets, setting the stage for substantial future upside.Core Financial Highlights of ICICI Bank Q1 Results ICICI Bank...

L&T Secures Multiple Mega Orders for Metals and Minerals Business Larsen & Toubro Ltd (L&T) has secured several significant orders for its Metals & Minerals (M&M) business vertical, reinforcing its position as a leader in providing world-class engineering, procurement, and construction (EPC) solutions across the metals and minerals value chain. The contracts span projects ranging from iron ore handling plants to steel plant expansions and zinc processing facilities.One key order was secured from India's largest iron ore producer. As part of this company’s expansion program aimed at achieving 100 MTPA of iron ore production capacity by 2030, L&T has been awarded Package #BE-01C for the 18 MTPA Iron Ore Handling Plant in Chhattisgarh...

Lohia Corp IPO Fixes Price Band at Rs 404-425: Manufacturing giant targets Rs 1,101 crore in OFS Lohia Corp has set the final price band for its Rs 1,101.28 crore initial public offering (IPO). The public issue will commence subscription on July 23, following anchor investor bidding scheduled for the day before. The IPO is structured entirely as an Offer for Sale (OFS) of over 2.59 crore equity shares, meaning proceeds generated will benefit existing shareholders rather than flowing back into company operations.The price band has been pegged at Rs 404–425 per share. A retail investor must invest a minimum of Rs 14,875 to purchase one lot, given the prescribed lot size of 35 shares. The allotment is anticipated by July 28, with the...

Caliber Mining Stock Set for Huge Jump: IPO Attracts High Investor Interest, GMP Indicates 27% Listing Surge Caliber Mining & Logistics entered its second day of bidding with a resounding success story. The Rs 450-crore public issue registered strong demand across multiple investor categories. This positive momentum is further amplified in the grey market, where an impressive Grey Market Premium (GMP) signals substantial listing gains for the stock.The IPO received a solid opening performance on Day 1. It was fully subscribed at 1.21 times against the total offer of 78.35 lakh shares. Retail Individual Investors (RII) demonstrated particularly robust enthusiasm, with their segment subscribing 1.58 times against the 39.17 lakh shares...

RBI Manages Tight Liquidity; Net Absorption of ₹70,888.18 Crore as Market Rates Stabilize The Reserve Bank of India (RBI) continued its meticulous management of money market liquidity on July 17, 2026. The central bank absorbed a substantial net amount of funds through various operations, amidst significant trading volumes across both the overnight and term money markets. This action underscores the RBI's commitment to maintaining controlled systemic liquidity in the financial ecosystem.Money Market Activity Highlights Volumes and Rates Market activity witnessed vigorous participation in both short-term (Overnight) and medium-term (Term) segments. The total volume handled across the Overnight segment reached 13,924.23 ₹ Crore, with a...

Meghna Infracon Infrastructure Limited Launches 'Meghna One', a 17-Storey Commercial Tower in Thane with ₹2300 Crore GDV Mumbai, July 20, 2026: Meghna Infracon Infrastructure Limited, a real estate company operating for over five decades, has announced the launch of Meghna One. The landmark commercial development, spanning 2.8 lakh sq. ft., is set to achieve a Gross Development Value (GDV) of approximately 2300 crore in Wagle Estate, Thane.Meghna One is positioned as Thane’s first lake-facing and IGBC Gold-certified biophilic commercial tower. The project aims to establish a future-ready business destination within the Mumbai Metropolitan Region (MMR), marking Meghna Infracon Infrastructure Limited's entry into large-format Grade-A...

Beta Drugs Reports Strong Q1FY27 Results Driven by Oncology Growth and Efficient Operations Beta Drugs Limited has reported robust consolidated financial results for the first quarter of fiscal year 2027 (Q1FY27), demonstrating significant growth across its key business segments. The company recorded total sales of Rs 125.55 crores, marking a substantial 25.3% increase from the Rs 100.2 crores reported in the previous fiscal year. Total revenues reached Rs 127.13 crores.The quarterly performance was underpinned by stellar growth in branded oncology and CMO (Contract Manufacturing Organization) services. The branded oncology business delivered a 47% year-on-year growth, contributing sales of INR 33.0 Crores. The CMO segment also showed...

Divi's Laboratories Ltd to Hold Board Meeting to Review Q1 Financial Results for 2026 Divi's Laboratories Limited announced that its Board of Directors will convene a meeting on Saturday, August 01, 2026. The meeting is scheduled to review and approve the unaudited standalone and consolidated financial results of the company for the quarter that ended June 30, 2026.The upcoming board meeting is set to consider the performance metrics and financial outcomes of Divi's Laboratories for the recently concluded quarter.In terms of market activity, the trading window for the securities of Divi's Laboratories has been closed since July 01, 2026. The restricted period will remain closed until August 03, 2026, following the declaration of the...

Mini Diamonds Introduces Make to Order Service for Retail Customers through Namra JewelsMini Diamonds (India) Limited, operating through its subsidiary Namra Jewels Private Limited, has launched a Make to Order (MTO) service targeted at retail customers across its online and offline platforms. This initiative allows clients to have their jewellery crafted according to individual preferences, covering aspects such as design, metal choice, diamond specifications, and size. The company states that every piece will be manufactured against confirmed customer orders, aiming to offer a personalized buying experience while maintaining the established quality and craftsmanship standards of Mini Diamonds.The adoption of the Make to Order...

Elitecon International Outlines Business Recovery Roadmap as Banking Operations Restoration Progresses Elitecon International Limited (EIL), which trades on the BSE and NSE, has provided an operational update detailing progress toward stabilizing its banking functions and outlining a comprehensive business recovery roadmap. The company highlighted that recent developments relating to regulatory oversight represent an important step in enabling it to meet legitimate business obligations while ongoing proceedings continue.The update addressed the challenges faced by EIL due to restrictions placed on its banking operations. A timeline of key events includes:DateEvent SummaryMarch 30, 2026SEBI passed an interim order that...

Oil Surges Past $90 Amid Geopolitical Tensions; Metals Slip as Dollar Strengthens Commodity markets experienced significant volatility on July 20, with crude oil rallying robustly in response to geopolitical risks. Meanwhile, precious metals faced downward pressure, while the US dollar strengthened against a basket of global currencies.Crude Oil Hits Key Milestone Driven by Escalation Fears Brent crude saw a dramatic rally, surging 3.05% to reach $90.79 per barrel. This price milestone is particularly noteworthy as it represents the first time crude has crossed the $90 mark since June 11.The surge was fueled by escalating tensions involving the United States and Iran, which heightened concerns regarding global energy supply...

SG Finserve partners with BharatPe Money and Succesship Technologies to scale digital credit access for merchants SG Finserve Limited has launched a new digital lending solution aimed at expanding formal credit access for merchants by partnering with BharatPe Money and Succesship Technologies. This collaboration brings together industry expertise, technology, and distribution channels to provide eligible businesses with a seamless, fully digital, and paperless borrowing experience.The initiative involves SG Finserve (a Non-Banking Financial Company or NBFC), BharatPe Money (Resilient Digi Services Private Limited) as the Lending Service Provider (LSP), and Succesship Technologies Private Limited as the technology partner powering the...

Mobavenue AI Tech Launches Neural Engine Platform Amid Brand Transformation Mobavenue AI Tech Ltd., formerly known as Lucent Industries Limited, has approved two significant initiatives following a Board resolution passed on July 20, 2026. The company announced the launch of its proprietary artificial intelligence (AI) powered platform, Mobavenue Neural Engine, and detailed the adoption and phased implementation of its new corporate identity.The key outcomes approved by the Board include:AI Platform Launch: The debut of Mobavenue Neural Engine, which is described as an AI intelligence layer integrated within the company's existing advertising technology platform. Brand Transformation: The adoption and subsequent phased...

Smartworks Expands Engagement with L&T Technology Services, Adding 1,100 Seats in Pune Smartworks Coworking Spaces Limited has announced a significant expansion of its managed office engagement with L&T Technology Services (LTTS), adding over 1,100 seats in Pune. This move marks continued growth in the long-standing multi-city partnership, strengthening Smartworks' position within the enterprise segment.The addition means that LTTS’s entire portfolio of managed offices through Smartworks now exceeds 2,750 seats across various cities. The combined expected rental revenue from these locations is estimated at approximately INR 115 Cr. This includes the Pune expansion specifically, which accounts for around INR 55 Cr. over a tenure of 60...

GIFT Nifty Signals Cautious Start for Sensex, Nifty Amid $90 Oil Spike and Middle East Tensions Indian equities face a subdued opening as geopolitical instability drives crude oil prices above $90 per barrel. Global markets remain nervous despite strong buying seen by domestic indices on Friday. The ongoing international tensions are overshadowing the market sentiment, pushing investors to await company-specific performance during the June-quarter earnings season.GIFT Nifty Forecasts Muted Open for Indian Indices The outlook remains measured as GIFT Nifty traded at 24,305 around 8:00 am, showing a slight dip of 44 points or 0.18 percent. This suggests that the Nifty 50 may open marginally below Friday's closing level of 24,334.30...