Markets

Indo-MIM Sets Market Price Band at Rs 461–485 Amid Strong Growth Outlook as Mega IPO Nears Launch Indo-MIM Ltd., a leader in precision engineering using Metal Injection Molding (MIM) technology, has fixed the price band for its massive initial public offering (IPO). The Bengaluru-based manufacturer set the pricing at Rs 461 to Rs 485 per share for its subscription issue.The IPO is scheduled to open on July 23. Anchor investor bidding will commence on July 22, with the public subscription period running until July 27. Following allotment finalization on July 28, refunds and share credits are set for July 29, paving the way for listing on stock exchanges on July 30.IPO Structure and Listing Valuation The offering comprises a fresh...

Lohia Corp Targets ₹4,490 Crore Valuation as Technical Textiles IPO Opens Kanpur-based manufacturer Lohia Corp Ltd announced its Initial Public Offering (IPO), setting a price band of Rs 404-425 per share. The company is gearing up for the market debut with the issue opening on July 23. This pure Offer For Sale aims to raise up to Rs 1,102 crore, offering investors an opportunity to participate in a fast-growing industrial sector.The IPO schedule dictates that anchor investor bidding will commence on July 22. The subscription period runs until July 27, with the allotment basis being finalized on July 28. Shares are slated to be credited and listed on stock exchanges starting July 30.Global Dominance in Technical Textiles Machinery...

Pondy Oxides Shares Set for Stock Split: Crucial Deadline Looms for Retail Investors Pondy Oxides & Chemicals, a key player in lead alloys and plastic additives, has set a definitive date for its impending stock split. The company announced that July 21 (Tuesday) will serve as the record date for the corporate action. This means Monday is the last opportunity for interested investors to purchase the shares and be eligible for the two-for-five stock split.Under SEBI's T+1 settlement cycle, investors must acquire the shares at least one trading day before the record date. By purchasing the stock today, shareholders can ensure their holdings are credited to their demat accounts in time, making them eligible for this significant corporate...

Crude Oil Surges Above $90 on US-Iran Military Escalation: Geopolitical Tensions Ignite Global Market The global energy market witnessed a sharp rally as crude oil prices surged over 3%, breaching the critical $90-a-barrel level. This dramatic movement is directly attributed to escalating military attacks between the United States and Iran in the Middle East, which have significantly disrupted essential energy shipments through the Strait of Hormuz.Crude Oil Rallies on Regional Instability Brent crude futures gained $2.69, registering a 3.05% increase to reach $90.79 per barrel. This level represents the highest point for the commodity since June 11. The benchmark extended its momentum from last week's rally, where it saw a 15.9%...

Brent Surges Past $90 as US-Iran Conflict Intensifies, Global Markets Seek Safe Haven Amid Escalating Tensions The U.S. dollar showed moderate strengthening against global peers at the start of Asian trading on Monday. This advance comes as geopolitical tensions escalate in the Middle East following a breakdown in diplomacy between Washington and Tehran. Oil prices surged significantly, driven by mounting uncertainty and heightened risk aversion across financial markets.Crude Oil Prices React to Geopolitical Tensions Brent crude futures jumped 3.3%, reaching $90.97 a barrel at Asian trading. This sharp move follows reports that the U.S. had commenced a ninth consecutive night of attacks against Iran. Earlier, the United States...

Gold Slips as Oil Prices Surge Above $90 Amid Middle East Escalation and Rising Fed Rate Fears Spot gold prices dipped on Monday, driven by a surge in oil costs following an escalation of tensions in the Middle East. Brent crude surpassed the $90 per barrel mark, fueling inflation concerns and prompting calls from several U.S. Federal Reserve policymakers for interest rate hikes.Fundamental factors are now weighing heavily against the precious metal. Gold futures eased slightly on Monday, trading at $4,005.9, while spot gold was reported down 0.4% at $4,000.55 per ounce, continuing a trend that saw it post a 2.5% weekly loss after hitting a two-week low last Friday.Middle East Escalation and Oil Market Surge The surge in oil prices...

Brent Oil Surges Past $90 as US-Iran Escalation Intensifies Middle East Attacks Global Energy Markets React to Mounting Geopolitical Tensions Oil prices experienced a significant jump on Monday as geopolitical tensions in the Middle East intensified. The Brent crude future price rose sharply, surpassing the $90 mark per barrel. This surge was directly linked to expanded military actions by both the United States and Iran.Brent crude futures climbed $2.69, marking a 3.05% increase to reach $90.79 by 23:43 GMT. This level represents the highest trading has reached since June 11. The price movement continues an impressive streak, following a massive gain of 15.9% recorded in the previous week.Crude Futures and Market Movements West...

Brent Jumps Past $90 Amid Gulf Conflict Fears as AI Giants Face Profitability Test Asian markets traded cautiously on Monday, grappling with escalating geopolitical tensions in the Middle East. Oil prices surged sharply after continued military activity between the U.S. and Iran drove crude past the critical $90 per barrel mark for the first time in over a month. This volatile rally has reignited inflation concerns across global financial markets, setting the stage for a crucial earnings season that will test the sustainability of high-flying tech valuations.Oil Spike Fuels Inflation Fears Amid Geopolitical Tensions The sustained conflict in the Gulf region remains a primary driver of commodity volatility. Brent crude climbed 3% after...

NSE Valuation Smashed: Early Investors Chronicle Massive Gains and Hidden Risks Ahead of Billion-Crore IPO India’s unlisted shares market is experiencing a profound moment, shifting from a domain reserved for select investors to a subject commanding intense public scrutiny. The National Stock Exchange (NSE) has filed its Initial Public Offering (IPO), followed by Jio Platforms' draft papers. These two anticipated issues are collectively set to raise between Rs.60,000 and Rs.65,000 crore, intensifying the focus on this rapidly evolving sector.The frenzy is evident in the soaring valuations of unlisted shares. NSE’s unlisted price has more than tripled, climbing from approximately Rs.670 in July 2023 to around Rs.2,085 currently. The...

WABAG Secures Major 'Large' Order from BWSSB for Two Energy-Efficient Wastewater Treatment Facilities in Bengaluru VA Tech Wabag Limited (WABAG) has secured a significant contract from the Bangalore Water Supply and Sewerage Board (BWSSB) for the design, build, and operate (DBO) of two major energy-efficient wastewater treatment facilities in Bengaluru. This win reinforces WABAG's standing as a leading pure-play multinational water technology group in India.The project encompasses three key facilities: a 100 MLD Sewage Treatment Plant (STP) and a 25 MLD Tertiary Treatment Plant (TTP) at Byramangala, and a 60 MLD STP at Bellandur. The scope of work involves the complete EPC (Engineering, Procurement, Construction, and Commissioning) of...

Global Oil Shock: Market Jumps as US-Iran Escalation Grips Strait of Hormuz, Brent Breaks Key Resistance Oil prices accelerated sharply on Monday after heightened tensions between the United States and Iran led to increased military activity in the Middle East. The instability has severely curtailed energy shipments through the critical Strait of Hormuz, prompting a significant rally across global crude markets.Crude Markets Surge Amid Geopolitical Turmoil Brent crude futures saw a robust climb, rising $2.69 or 3.05% to reach $90.79 by 2343 GMT. This move extended strong momentum after Brent had gained 15.9% in the prior week, marking its largest weekly ascent since April.U.S. West Texas Intermediate crude followed suit, climbing up...

Oil Surge Ignites Inflation Fears: Asia Shares Hesitate as Geopolitical Tensions Escalate Asian stock markets exhibited extreme hesitancy on Monday amid mounting geopolitical risk and surging energy costs. The escalating conflict in the Gulf has significantly lifted crude oil prices, fueling renewed fears regarding global inflation. These market pressures come at a critical time when investors are bracing for an intense week of major technology earnings reports.Brent crude climbed 3%, crossing $90 a barrel for the first time in over a month. This surge follows nine consecutive days of US military attacks against Iran, which has seen targets struck across the region. The sharp increase in fuel costs is reviving inflation worries...

Nifty Surges on Earnings Strength as Q1 Growth Drives Upward Momentum Domestic equities wrapped up a strong Friday session, with the Nifty Index posting a solid gain of 1.1%. The index closed at 24,334, buoyed by robust June-quarter earnings delivered across key sectors including IT and Financials. This performance underscores the power of corporate profitability in shaping market sentiment.Market Performance and Sectoral Outlook The strong finish is primarily attributed to the ongoing Q1 earnings season. Analysts suggest that this sustained earnings strength will likely drive a gradual uptrend for Indian equities next week. Investor focus is expected to remain heavily concentrated on management commentary from upcoming reports, which...

Crude Oil Surge Amid West Asia Tensions as Market Focus Shifts to Q1 Earnings and Rupee Pressure The Indian equities market closed higher with a robust rally, although the upside was partially capped by escalating geopolitical tensions in West Asia. Despite global volatility, investors displayed growing confidence in a healthy earnings season ahead, leading the focus decisively away from mid and smallcaps toward large-cap corporate fundamentals. The Nifty 50 soared by 0.53 percent to 24,334, while the BSE Sensex jumped 0.75 percent to 78,151.Market Performance and Near-Term Outlook The previous week saw an encouraging trend, buoyed by positive Q1FY27 business updates across key sectors. However, the market remains consolidated with a...

Banking Sector Jubilation: ICICI, Axis Bank Surge as Banks Report Strong Q1 Gains Amid Market Rally Market Advance Despite Global Concerns The Indian equity markets registered a strong advance on Friday, gaining over one percent despite subdued global cues. The performance was bolstered by positive corporate news and robust financial results from major banking institutions.Analysts note that the Nifty has demonstrated renewed bullish interest after bouncing sharply from key support zones. Critically, technical analysis suggests that the index has breached the 24,300 resistance level, signaling potential for further upside momentum.Banking Stocks Lead Gains: ICICI and Axis Bank Impress Investors The banking sector saw considerable...

Arman Holdings Ltd Announces Board Meeting to Discuss AGM Plans and Compliance Matters Arman Holdings Ltd has announced that its Board of Directors meeting is scheduled for July 24, 2026. The meeting will be held at the company's registered office at 2 pm.The agenda for the Board includes several critical matters relating to the company's governance and forthcoming general meetings. Key points set for deliberation include approving the minutes of previous board meetings and reviewing investor grievance status, shareholding patterns, and other compliances for the quarter ended on June 30, 2026.The meeting is also scheduled to address the notice of the 44th Annual General Meeting (AGM) for Fiscal Year 2025-26, including the adoption...

Prof. Anil Kumar Ceases Role as Independent Director at Life Insurance Corporation of IndiaLife Insurance Corporation of India (LIC) announced that Prof. Anil Kumar has ceased holding the position of Independent Director of the Corporation following the completion of his term on July 19, 2026.Following this cessation, Prof. Kumar also ceases to be a chairperson or member of several key committees within LIC. The change pertains only to the statutory nature of the role and not related to any specific action taken by the company.The committees where Prof. Anil Kumar held positions prior to his departure include governance bodies focused on executive oversight, risk management, stakeholder relations, and financial integrity.Name...

Vedant Fashions Limited Schedules Board Meeting to Review June 30, 2026 Financial Results Vedant Fashions Limited has scheduled a meeting of its Board of Directors to review and approve the un-audited financial results for the quarter ending June 30, 2026.The board meeting is set to take place on Saturday, July 25, 2026. The agenda includes considering and approving the Un-audited Financial Results along with the Limited Review reports of the Auditor pertaining to the said quarter.RRKABEL Stock Price Movement Shares of R R Kabel Limited slipped by 4.74%, settling at ₹2293.30 on Friday after shedding ₹113.90. The stock saw a volume totaling 408,370 shares during the trading session.

Vedant Fashions Ltd Schedules Board Meeting for Financial Review of Quarter Ended June 30, 2026 Vedant Fashions Limited has announced that a meeting of its Board of Directors is scheduled for Saturday, July 25, 2026. The primary focus of the meeting will be the consideration and approval of the Un-audited Financial Results alongside the Auditor's Limited Review reports.The board meeting is set to review the company's performance for the quarter ended June 30, 2026. This gathering allows the directors to formally assess the financial outcomes during that period before subsequent actions are taken.The event provides stakeholders with an opportunity to learn about the key results and audit reviews pertaining to the specified fiscal...

Indian Giants Roar as Banks and Tech Stocks Surge: Reliance Reports Sky-High Growth, Sector Highlights Corporate Earnings Highlight Massive Q1 Gains Across Key Sectors The corporate landscape is buzzing with robust results as numerous companies announced their first-quarter financial performance. Reliance Industries reported a substantial rise in gross revenue, which soared 24.5% to ₹3.4 lakh crore from ₹2.73 lakh crore, while profit grew 6.1% to ₹23,196 crore.Jio Platforms also demonstrated significant expansion, reporting a 11.8% increase in revenue to ₹39,173 crore. EBITDA for the digital services unit jumped 15.1%, expanding its margin to 53.3%.The banking sector showed varied strengths across major players. Punjab National Bank...