Markets

Premier Polyfilm Limited Publishes Standalone Unaudited Financial Results for Quarter Ended June 30, 2026 Premier Polyfilm Limited has released its Standalone Unaudited Financial Results for the quarter that concluded on June 30, 2026. These results were published in both Financial Express and Jansatta (Delhi edition) newspaper dated July 19, 2026.The publication of these financial results provides stakeholders with insight into the company's performance during the specified quarter. The Standalone Unaudited Financial Results are available to the public through the aforementioned newspapers.PREMIERPOL Stock Price Movement As of 10:16 AM, shares of Premier Polyfilm Limited are rallying in live trading, edging up by 2.78% to reach...

Natco Pharma Surges After Receiving Tentative FDA Nod for Olaparib Tablets, Boosting Market Outlook Natco Pharma shares experienced a significant upward movement after announcing that it has received tentative approval from the U.S. Food and Drug Administration (U.S. FDA). The stock saw gains of up to 4.5% on Monday, touching an intraday high of Rs 987.55 on the NSE. This news centers around the company's generic version of Olaparib Tablets.Decoded: Significance of U.S. FDA Tentative Approval The pharmaceutical firm informed exchanges that the U.S. FDA granted tentative approval for Olaparib Tablets in both 100 mg and 150 mg strengths. These tablets are bioequivalent to AstraZeneca's drug, Lynparza. The scope of this approval covers...

PNB Surges 4% Amid Strong Q1 Gains While Bank Shares Face Volatility; VA Tech Bags Mega Infrastructure Contracts The market is intensely focused on quarterly earnings and major corporate announcements today, with banking stocks attracting significant attention after reporting their June quarter results. While some banks posted robust profits, others saw share prices decline, signaling sector-specific investor reactions. Separately, VA Tech WABAG shares are rallying following the securing of several large water infrastructure contracts.Banking Sector Earnings: A Tale of Two Performances Punjab National Bank (PNB) shares surged 4% after announcing a powerful performance during the June quarter. The bank recorded a net profit that shot...

AI Chip Rally Takes Sharp Plunge as Valuations Come Under Intense Scrutiny The global frenzy surrounding artificial intelligence (AI) and semiconductor stocks faced a significant setback last week. A broad selloff led to widespread profit booking across numerous AI-linked equities that had driven substantial market gains throughout 2026. Investors are now reassessing the ambitious expectations associated with ongoing massive capital expenditure in the AI infrastructure space.Semiconductor Sector Enters Bear Market Territory The Philadelphia Semiconductor Index (PHI) fell 1.6% on Friday, marking a steep decline and extending its weekly drop to around 10%. This descent represents one of the steepest weekly drops recorded in over a year...

Yes Bank Plunges as Profit Margins Face Pressure; Analysts Weigh Warning Over Rising Provisions Shares of Yes Bank saw a 4% decline to ₹22.70 on Monday, despite the private lender reporting a standalone net profit of ₹1,070.99 crore for the April-June quarter of FY27. This profit represents a strong 34% year-on-year (YoY) rise from the ₹801.07 crore reported in the corresponding quarter last year.The bank's net interest income, which measures the difference between earned and expended interest, improved by around 17.5% YoY to reach ₹2,786.46 crore during the first quarter of FY27. This is up from ₹2,371.47 crore in the preceding period.Operational Highlights and Asset Quality Metrics The bank demonstrated improvements in its asset...

Indian Emulsifiers Secures Two Major Direct Export Orders from Leading U.S. Customer Indian Emulsifiers Limited (IEML) has announced that it has secured two significant export orders directly from a leading customer in the United States, reinforcing its reputation as a trusted global supplier of specialty chemicals. The immediate execution of these commitments highlights IEML's manufacturing readiness and product quality, particularly within the international market.The two major orders account for a total order value of 700,621 USD, corresponding to approximately 6,74,56,130 INR. These orders are currently being handled by Indian Emulsifiers Limited.Details regarding the secured orders are provided below:OrderCustomerOrder...

CXMT IPO Surges Past Expectations: $8.6 Billion Offering Shows Robust Demand Amid Global Chip Stock Downturn Chinese memory chipmaker CXMT Corp has generated significant investor interest following the launch of its initial public offering (IPO). The $8.6 billion IPO achieved an overwhelming response from institutional investors, achieving an oversubscription ratio of approximately 570 times. This robust demand underscores sustained confidence in China's semiconductor sector, even as the global chip market grapples with cooling enthusiasm and reassessing valuations.Institutional Demand Overshadows Global Chip Stock PressureThe company filing revealed that institutional subscribers, which include pension funds, insurance firms, and...

SBI Funds Management IPO Set for Massive Listing as Grey Market Premium Soars Ahead of Debut Shares of SBI Funds Management are generating significant pre-market buzz, trading at a strong grey market premium (GMP) ahead of their stock market debut tomorrow, July 21. The bullish sentiment suggests a robust listing, attracting substantial investor interest in this IPO.Grey Market Premium and Listing PotentialCurrent market tracking platforms like Investorgain and IPO Watch indicate that the GMP for the issue stands at Rs 103 per share. This preliminary valuation points toward a potential listing price of Rs 677, significantly above the upper end of the IPO price band, which was set at Rs 574.IPO Subscription Details Surpass...

Bank Nifty Dips 1.4% as Private Banks Report Mixed Results; Margins Concerns Drag Down Heavyweights The financial sector experienced volatility on June 20, as the Bank Nifty index pulled back 1.4%. The mixed set of results delivered by several heavyweight private banks contributed to the decline. While some lenders reported strong performances, concerns over margins and profitability led to steep declines in key stocks like HDFC Bank and Axis Bank.Private Banking Performance Drives Market Dip The overall trend was dictated by the performance of major players in the lending sector. Heavyweight private lenders saw shares fall significantly after publishing their June quarter results. HDFC Bank, one of India's largest private...

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...