Markets

Sensex, Nifty Pare Gains as Profit Booking and Rising Volatility Trigger Market Correction The Indian equity markets witnessed a period of cooling off on July 17 as benchmarks traded in a narrow range after initial gains were eroded by profit booking activity. While the indices remained in positive territory, the momentum slowed significantly during the afternoon session.As of 1:50 pm, the Sensex stood at 77,832.32, representing an increase of 645.45 points or 0.84%. The Nifty continued its steady climb to 24,227.15, marking a gain of 154.40 points or 0.64%.Market breadth remained mixed during the session with 1,301 shares advancing and 2,461 shares declining. A total of 151 shares remained unchanged as traders weighed competing...

Reliance Industries Shares Surge 2% as Promoters Hike Stake Ahead of Critical Q1 Earnings Reliance Industries Ltd (RIL) shares witnessed a significant bullish move on Friday, gaining 2 percent in afternoon trade following the disclosure of updated shareholding patterns. The stock became one of the top performers on the Nifty 50 as investors reacted to the promoter group's increased stake during the April-June quarter.The conglomerate reported that the promoter group holding rose by 48 basis points during the period, reaching a total of 50.48 percent. This move comes at a pivotal moment as the company prepares to release its fiscal first-quarter earnings later today.Market Reaction and Valuation Metrics Shares of Reliance Industries...

European Stocks Slump as Tech Selloff and Middle East Tensions Trigger Market Volatility European equity markets opened with a bearish tone on Friday as investors navigated a treacherous landscape defined by escalating geopolitical tensions and a broad-based retreat from high-valuation technology stocks. The pan-European STOXX 600 index was down 0.6% at 639.94 points by 0707 GMT, reflecting widespread weakness across major industrial sectors.The benchmark index is currently positioned for a modest weekly decline as the prevailing market sentiment remains cautious. Analysts observe that investors are actively rotating out of semiconductor holdings due to growing concerns over stretched valuations following a significant rally earlier...

Rail Vikas Nigam Limited Signs MoU with Government of Goa for Infrastructure Development Rail Vikas Nigam Limited (RVNL) has entered into a Memorandum of Understanding (MoU) with the Government of Goa to collaborate on the development and implementation of infrastructure projects within the State of Goa.The agreement establishes a framework for cooperation between the two entities, focusing on project identification and execution. Under the terms of this partnership, RVNL will serve as the Project Executing Agency for the identified infrastructure works.The collaboration will be conducted based on mutually agreed terms and conditions to ensure the successful delivery of projects intended for the state. This association marks a...

Padmanabh Industries Ltd to Hold Board Meeting on July 22, 2026 Padmanabh Industries Ltd has scheduled a meeting of its Board of Directors to be held on Wednesday, July 22, 2026. The meeting will take place at the registered office of the company.The primary agenda for the board meeting involves the consideration and approval of the unaudited financial results of the company for the quarter ended June 30, 2026. The board will also review the Limited Review Report associated with these period results.The meeting will include provisions to transact any other business items with the permission of the Chair and a majority of the directors.Stock Price Movement As of 13:45 today, Padmanabh Industries Ltd shares are sliding to ₹8.58...

SBI Cards and Payment Services Ltd to Review Quarter Ending June 30, 2026, Results SBI Cards and Payment Services Ltd has scheduled a meeting of its Board of Directors on July 24, 2026. The primary agenda for this board meeting includes the consideration and approval of the company's unaudited financial results for the quarter ended June 30, 2026.The announcement confirms that the company is preparing to release its performance metrics for the second quarter of the fiscal year. While the specific figures for the period are not yet available, the board meeting serves as the formal mechanism for approving the financial statements before they are presented to stakeholders.In line with internal protocols for maintaining fair disclosure...

Lake Shore Realty Ltd Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Lake Shore Realty Limited (formerly known as Mahaan Foods Limited) has announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved the financial statements and took on record the Limited Review Report issued by M/s PGS & Associates during a board meeting held on July 17, 2026.The financial data highlights a significant shift in profit generation compared to the preceding quarter, primarily driven by other income sources despite a lack of revenue from operations during the period. The company reported a net profit for the period of Rs. 18.80 Lacs for the June 2026 quarter, rebounding...

Equitas Small Finance Bank to Host Earnings Call on July 29, 2026 Equitas Small Finance Bank Limited has scheduled a meeting of its Board of Directors on Tuesday, July 28, 2026. The primary agenda for this board meeting is the consideration and approval of the Unaudited Financial Results for the quarter ended June 30, 2026.The bank will subsequently host an earnings call with investors and analysts to discuss its financial performance for the first quarter of the fiscal year 2027 (Q1FY27). The conference call is scheduled to take place on Wednesday, July 29, 2026, at 11:00 A.M.Participants in the earnings call will include P N Vasudevan, the Managing Director and CEO of Equitas Small Finance Bank Limited, along with members of the...

Federal Bank Reports 36.57% Profit Surge in Q1 FY27; Net NPA Hits Decadal Low Federal Bank has reported a significant jump in its net profit for the quarter ended June 30, 2026 (Q1 FY27), driven by the strength of its core franchise and expanding margins. The bank recorded a net profit of ₹1,176.93 crore, representing a 36.57% increase compared to the corresponding quarter of the previous year.The growth was underpinned by robust performance in core operations, where Net Interest Income (NII) grew by 26.06% and fee income rose by 21.71%. This performance occurred despite a volatile market period that kept treasury income subdued.Key Financial Highlights The bank's financial results for Q1 FY27 show significant growth across key...

Natural Capsules Limited Announces Record Date for 33rd Annual General Meeting Natural Capsules Limited has announced the schedule for its upcoming 33rd Annual General Meeting, establishing the timeline for shareholder participation and eligibility.The company has identified August 12, 2026, as the date for the annual meeting. To determine shareholder eligibility for the meeting, the company has set a cut-off date, also known as the Record Date. Shareholders must be on the register of members as of August 05, 2026, to be considered for the proceedings of the 33rd Annual General Meeting.The scheduled events are detailed in the table below:S. No.EventsDue Date1Date of 33rd Annual General MeetingAugust 12, 2026; Wednesday...

SpaceX Shares Plunge Below IPO Price as Starship Launch Abort Triggers Market Sell-Off SpaceX shares hit a significant milestone on Thursday as the stock closed below its initial public offering (IPO) price for the first time. The shares ended the session at $131.11, representing a 3.08% decline for the day.This move places the stock officially below the original issue price of $135. The decline comes on the heels of a five-session losing streak following the company's debut on June 12, which stood as the largest IPO in history at approximately $86 billion.Starship Launch Abort Drives Sharp After-Hours Decline The bearish sentiment intensified during after-hours trading where shares touched an intraday low of $124. This downward...

Syschem India Ltd Board Maintains Existing Director Appointments and Remuneration Until March 2027 Syschem India Limited has announced that the existing appointments and remuneration terms for its key leadership will remain in force until March 8, 2027. The decision follows a board meeting held on July 17, 2026, where it was noted that the company did not receive shareholder approval for specific reappointment resolutions via postal ballot.The Board determined that the current terms for Mr. Ranjan Jain, serving as Managing Director, and Mr. Suninder Veer Singh, serving as Whole-time Director, will continue under the conditions approved by shareholders on April 9, 2022, which became effective from the board meeting on March 9, 2022...

ECB Poised to Hold Rates as Middle East Tensions and Energy Spikes Cloud July Policy Outlook The European Central Bank (ECB) prepares for its critical July 23 policy meeting amidst a complex landscape of fluctuating energy costs and cooling inflation data. While the primary expectation remains a steady interest rate, the resurgence of geopolitical tensions in the Middle East has reintroduced significant variables into the central bank's decision-making process.Markets are currently pricing in a hold on the key interest rate at 2.25%. This follows the surprise hike in June, which established the ECB as a first mover among global monetary authorities to tighten policy following geopolitical fallout from the Iran conflict.Geopolitical...

Shyam Metalics and Energy Limited Commences Commercial Production of Aluminium Foil Facility Shyam Metalics and Energy Limited has announced that its stepdown subsidiary, SMEL Steel Structural Pvt. Ltd., has initiated commercial production at its state-of-the-art Aluminium Foil facility located in Sambalpur, Odisha. The production officially commenced on July 16, 2026.The facility is designed to produce premium-grade Aluminium Foil with a thickness range of 6 to 40 microns. This project falls under the downstream and value-added Aluminium Products category. The manufacturing unit at the Sambalpur plant features an installed capacity of 18,000 Tonnes Per Annum (TPA).The company is investing approximately Rs. 800 Crores in aggregate...

Amal Ltd Reports Quarterly Financial Results and Announces Capacity Expansion for Sulphur Dioxide Amal Ltd has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also confirmed a significant capital expenditure proposal to expand its production capacity for Sulphur Dioxide (SO2).Quarterly Financial Performance The financial results for the quarter ended June 30, 2026, show steady performance across both standalone and consolidated segments. The company operates in a single segment focusing on the manufacturing of bulk chemicals.The group reported a significant increase in profit before tax compared to the previous quarter. On a consolidated basis, the net profit for...

Nalin Lease Finance Ltd Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Nalin Lease Finance Limited has announced its unaudited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the financial statements during a meeting held on July 17, 2026, following a limited review by the Statutory Auditors.The company reported a profit of 111.46 lakhs for the period from continuing operations during the quarter ended June 30, 2026. This reflects a steady performance compared to the 92.40 lakhs reported in the quarter ended June 30, 2025. The total comprehensive income for the current period stands at 111.46 lakhs.Financial Performance Overview The financial data highlights...

Central Bank of India Reports Growth in Net Profit and Global Business for Q1FY26 Central Bank of India has announced its financial results for the first quarter and three months ended June 30, 2026. The bank reported a significant rise in net profit and substantial growth in its global business portfolio during this period.Financial Performance Overview The bank recorded a 13.26% year-on-year increase in net profit, reaching ₹ 1324 crores for the quarter ended June 30, 2026, compared to ₹ 1169 crores in the same quarter of the previous year. While the operating profit for the financial year stood at ₹ 2186 crores from ₹ 2304 crores, reflecting a slight dip, other key indicators showed positive momentum.Net Interest Income (NII)...

Vedanta Group Secures Massive Rating Upgrades from CRISIL Following Strategic Demerger CRISIL Ratings has upgraded the credit ratings for Vedanta Ltd and its newly demerged entities, Vedanta Aluminium Metal and Vedanta Oil and Gas. The agency cited significantly bolstered business and financial risk profiles across the group following the strategic corporate restructuring.The upgrade serves as a major confidence booster for investors, signaling improved structural stability and clearer operational focus for each business segment. CRISIL highlighted that the demerger has successfully streamlined the entities to showcase their individual strengths.Vedanta Ltd Receives Strategic Rating Boost via Hindustan Zinc Integration CRISIL...

Dalmia Bharat Limited Receives Reaffirmed Exceptional ESG Rating from ICRA Dalmia Bharat Limited has received a reaffirmed ESG rating from ICRA ESG Ratings Limited, a SEBI registered Category-I ESG Rating Provider. The company maintained its [ICRA ESG] Combined Rating 80, which is categorized as Exceptional.The communication regarding the reaffirmation was issued by ICRA on July 16, 2026. The rating is based on a comprehensive review conducted by the Rating Committee of ICRA ESG, following an evaluation of the company's environmental, social, and governance performance.ESG Combined Rating Breakdown The [ICRA ESG] Combined Rating of 80 (Exceptional) is a composite score derived from two primary components: the Impact Rating and the...

Niraj Ispat Industries Limited Reports Exemption from Corporate Governance Reporting Requirements Niraj Ispat Industries Limited has confirmed that it is exempt from certain corporate governance reporting requirements for the quarter ended June 30, 2026. The company cited specific criteria regarding its paid up equity share capital and net worth as of March 31, 2026, which qualify it for an exemption under current listing regulations.The company stated that its paid up equity share capital remained below 10 Crore and its net worth remained below 25 Crore as of the end of the previous financial year. Based on these financial parameters, the entity is not required to submit a Corporate Governance Report for the specified quarter.To...