Markets

Primary Market Heatwave: 5 IPOs Set to Open as SBI Funds Management Aims for Blockbuster Listing The Indian primary market is bracing for a high-octane week as five new IPOs open for subscription. Investors will be navigating a diverse landscape featuring heavyweights in the mainboard segment alongside several SME issues.The activity follows a period of intense demand in the public issue space, highlighted by the massive interest in the SBI Funds Management IPO. Market participants are now shifting their focus to upcoming debutants and the listing performance of recent offerings.Mainboard Heavyweights: Xtranet Technologies and Cube Highways Trust InvIT Xtranet Technologies is scheduled to open its Rs 166.8 crore mainboard IPO for...

Oil Prices Surge to Monthly Highs as US-Iran Conflict Escalates and Red Sea Closure Looms Oil prices soared more than 4% on Friday to reach their highest levels in over a month, driven by intensifying hostilities between the United States and Iran. The market responded sharply to a series of retaliatory strikes across the Gulf and escalating threats to global shipping lanes.Brent crude futures settled $3.87, or 4.59%, higher at $88.10 a barrel. Simultaneously, U.S. West Texas Intermediate (WTI) futures climbed $3.54, or 4.48%, to reach $82.49. Both benchmarks hit their highest points since mid-June.For the weekly period, both benchmarks recorded significant gains of about 16%. Brent is currently on track for its third consecutive...

Gold Faces Massive Weekly Slide as Iran Tensions Fuel Inflation Fears and Rate Hike Worries Gold prices struggled to maintain momentum on Friday as the precious metal remained on track for its most significant weekly decline since early June. While spot gold managed a 1% gain to reach $4,011.29 per ounce by 2:20 p.m. EDT (1820 GMT), it hit its lowest levels since June 30 during the session.The weekly performance remains pressured with prices down approximately 2.6% so far for the week. U.S. gold futures for August delivery showed some resilience, settling 0.7% higher at $4,018.80 amid a volatile trading environment.Geopolitical Tensions and Rising Energy Costs Pressure Bullion Escalating tensions between the United States and Iran...

Xtranet Technologies Set to Debut on Mainboard with ₹166.8 Crore IPO Next Week Xtranet Technologies has officially announced its initial public offering (IPO) dates, marking a significant addition to the current mainboard issuance calendar. The company is set to debut next week as it seeks to tap into public markets for its technology and services portfolio.The subscription window for the Xtranet Technologies IPO will open on July 23 and remain open until July 27. The company has established a price band of ₹120-127 per share for its offering.Following the subscription period, the allotment process is expected to be finalized on July 28. Investors can anticipate refunds or the credit of shares on July 29, with a tentative listing...

Shoppers Stop Receives Medium ESG Rating for Financial Year 2025-26 Shoppers Stop Limited has received an Environmental, Social, and Governance (ESG) rating from SES ESG Research Private Limited (SES ESG) for the Financial Year 2025-26. The assessment was finalized in a report received by the company on July 17, 2026.Under the evaluation conducted by SES ESG, Shoppers Stop was assigned an ESG score of 67.2. This score places the company within the "Medium" category of the ESG rating framework.The assessment was performed independently by SES ESG based on publicly available information regarding the company's operations and performance for the Financial Year 2025-26. The company did not engage SES ESG to perform these specific...

Univastu India Limited Allots 18,19,800 Equity Shares Following Warrant Conversion Univastu India Limited has approved the allotment of 18,19,800 fully paid-up equity shares of face value Rs. 10 each to eligible warrant holders. The decision follows a board meeting held on July 17, 2026, where the company finalized the conversion of convertible warrants issued on a preferential basis.The allotment pertains to 6,83,000 convertible warrants originally issued on January 17, 2025, at an issue price of Rs. 216 per warrant. Each warrant was convertible into one fully paid-up equity share upon the payment of the remaining 75% of the issue price within a specified period.The company previously underwent a bonus issue in a ratio of 2:1 on...

Gold Rates Steady as Buyers Track Latest 22K and 24K Prices Across Major Retailers Gold prices remained a primary focus for investors and consumers today, Saturday, July 18, 2026. Market participants are closely monitoring the latest pricing for 22-carat and 24-carat gold across prominent jewellery brands to gauge current purchasing opportunities.The prevailing rates provide a snapshot of the metal's performance in key metropolitan hubs including New Delhi, Mumbai, Chennai, Kolkata, Thiruvananthapuram, Coimbatore, and Bengaluru. These figures reflect the most recent updates as of 9:30 am today.Tanishq Maintains Consistent Pricing for 22K Gold Tanishq has maintained its pricing for 22k gold jewellery at Rs 13,110 per gram. This...

Cipla Limited Reports USFDA Inspection at InvaGen Manufacturing Facility Cipla Limited has confirmed that the United States Food and Drug Administration (USFDA) conducted a routine current Good Manufacturing Practices (cGMP) inspection at an InvaGen Pharmaceuticals Inc. manufacturing facility. The facility is located in Central Islip, Long Island, New York, USA.The inspection took place over a five day period from July 13, 2026, to July 17, 2026 (EDT). InvaGen Pharmaceuticals Inc. is a wholly owned subsidiary of Cipla Limited.Following the conclusion of the inspection, the company received one inspectional observation issued in Form 483. The company stated that it intends to work closely with the USFDA to address this observation...

Indian Pharma Sector Poised for Double-Digit Growth in Q1FY27 Driven by Domestic Demand Surge The Indian pharmaceutical industry is preparing for a robust performance in the upcoming fiscal cycle, anchored by resilient domestic demand and a resurgence in the Contract Development and Manufacturing Organization (CDMO) segment.A recent report by 360 ONE Capital highlights a projected 10 per cent year-on-year revenue growth for 1QFY27. This growth is expected to be spearheaded by strong domestic performance and expanding opportunities in specialized therapies like GLP-1.Domestic Market and CDMO Segment Growth Engines The brokerage expects the domestic market to witness a healthy 12.7 per cent year-on-year growth, reaching Rs 272 bn...

Wall Street Plummets as Chip Selloff Triggers Broad Market Risk-Off Sentiment Wall Street extended its downward trajectory on Friday as a pullback on stocks associated with the artificial intelligence boom transformed into a wider risk-off sentiment.Semiconductor shares initially led the selling pressure, which quickly broadened across the broader market as the session progressed. All three major U.S. stock indexes closed lower on the day and posted losses for the week.Semiconductor Bear Market Confirmed Amidst AI Fatigue The Philadelphia SE Semiconductor Index (SOX) logged its steepest weekly loss in over a year, tumbling over 18% so far in July. Despite this sharp decline, the index remains up nearly 65% year-to-date...

Mamata Machinery Limited Sets Record Date for Financial Year 2026 Dividend Mamata Machinery Limited has announced that Friday, July 31, 2026, has been established as the record date for the purpose of distributing dividends for the financial year ended March 31, 2026.The company confirmed this timeline in a communication following an earlier update issued on July 17, 2026. Shareholders who are registered in the company records as of the designated date will be eligible to receive the dividend payments associated with the 2025-2026 fiscal period.Stock Price Movement Veefin Solutions Ltd settled at ₹314.10 on Friday, pushing up 1.24%. The stock navigated a clear path from its low of ₹310.00 to a high of ₹318.00 during the session.

Wendt (India) Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Wendt (India) Ltd has scheduled a meeting of its Board of Directors to deliberate on and approve the company's unaudited financial performance for the quarter ending June 30, 2026.The board meeting is set to take place on July 24, 2026. During this session, the directors will consider the financial outcomes recorded during the June quarter to provide a clear view of the company's operational standing and fiscal progress for that period.Meeting Schedule DetailsEventDateBoard Meeting DateJuly 24, 2026Period CoveredQuarter ended June 30, 2026Status of ResultsUnauditedWENDT Stock Price Movement Wendt (India) Limited shares on Friday...

Wockhardt Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Wockhardt Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report provides a comprehensive overview of the company's operational footprint, including manufacturing activities, employee welfare, environmental impact, and governance standards.Operational Overview and Market Reach Wockhardt Limited operates with a significant presence in both domestic and international markets. The entity reports an export contribution of 56.86% to its total turnover. The manufacturing segment, which includes chemicals, pharmaceuticals, medicinal chemicals, and botanical products...

Wockhardt Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Wockhardt Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report provides a comprehensive overview of the company's operational footprint, including manufacturing activities, workforce metrics, and environmental impact across its national and international operations.Operational Overview and Market Presence The company operates in the pharmaceutical and chemical sectors, with business activities primarily concentrated in manufacturing and wholesale trading. Manufacturing accounts for 81% of the turnover, while wholesale trading contributes 19%.The entity...

Alldigi Tech Ltd to Convene Board Meeting on July 24, 2026 Alldigi Tech Ltd has scheduled a meeting of its Board of Directors to take place on Friday, July 24, 2026. The board is set to deliberate on and approve key corporate developments regarding the company's recent financial performance and shareholder distributions.The primary agenda for the meeting includes the review and approval of the unaudited financial results for both standalone and consolidated positions for the quarter ended June 30, 2026. Additionally, the board will consider the declaration of an interim dividend for the financial year 2026-27 to be paid to equity shareholders.In connection with these upcoming developments, the company has implemented a closure of...

TANFAC Industries Ltd to Review Quarterly Financial Results in Upcoming Board Meeting TANFAC Industries Limited has scheduled a Board of Directors meeting on July 24, 2026, to deliberate on and approve the company's unaudited financial results for the quarter concluded on June 30, 2026.The board meeting serves as a key administrative step in the company's reporting cycle, providing an opportunity for leadership to evaluate performance metrics and operational outcomes for the second quarter of the fiscal year.Trading Window StatusIn conjunction with this scheduled meeting, the trading window for dealing in the securities of TANFAC Industries Limited remains closed. This restriction applies to all designated persons, their immediate...

Race Eco Chain Ltd Invests INR 1,17,30,000 in Subsidiary Ganesha Recycling Chain Private Limited Race Eco Chain Limited has completed a further investment in its subsidiary, Ganesha Recycling Chain Private Limited. The company invested INR 1,17,30,000 in the equity shares of the subsidiary through a subscription towards a Rights Issue.The transaction resulted in the allotment of 1,17,300 Equity Shares to Race Eco Chain Limited on July 17, 2026. Following this acquisition, the company maintains a 51 percent ownership stake in the subsidiary.Investment Details and Subsidiary Profile The investment was made on an arms length basis as part of the corporate objective to expand business operations within the recycling industry. Ganesha...

Harish Textile Engineers Ltd Receives GST Scrutiny Notice for FY 2022-23 Harish Textile Engineers Limited has received a notice from the Office of the Assistant Commissioner of State Tax, Unit 74, Vapi, regarding a scrutiny of its tax records for the financial year 2022-23. The notice, issued under Section 73 of the Central Goods and Services Tax Act, 2017, pertains to the period from April 2022 to March 2023.The authority has identified discrepancies between the taxable values reported in E-Way Bills and those declared in Form GSTR-1. Additionally, the notice alleges an excess availment of Input Tax Credit (ITC). The scrutiny proposes a financial implication involving tax amounts, interest, and penalties as detailed below...

Net Pix Shorts Digital Media Ltd to Propose Name Change and Business Expansion Net Pix Shorts Digital Media Limited has announced that its Board of Directors will meet on July 22, 2026, to deliberate on significant corporate restructuring and strategic business expansions. The meeting is scheduled to address a change in the company's identity, an amendment to its core objectives, and the establishment of a new corporate office.The primary agenda item involves a proposed name change for the entity from Net Pix Shorts Digital Media Limited to Namastika Enterprises Limited. This rebranding is subject to the approval of the Registrar of Companies and other necessary permissions.In addition to the identity shift, the company intends to...

Harish Textile Engineers Ltd Receives Scrutiny Notice Regarding Input Tax Credit Harish Textile Engineers Limited has received a scrutiny notice from the Office of the Assistant Commissioner of State Tax, Unit 74, Vapi, concerning its tax positions for the financial year 2022-23. The notice, issued under Section 73 of the Central Goods and Services Tax Act, 2017, pertains to the period from April 2022 to March 2023.The authorities have alleged a short payment of tax resulting from an excess availment of Input Tax Credit (ITC) totaling Rs. 1,93,340. In addition to the tax amount, the notice proposes the levy of interest under Section 50 of the Central Goods and Services Tax Act, 2017, amounting to Rs. 1,31,959, and a penalty under...