Markets

Zelio E-Mobility Inaugurates New Manufacturing Plant in Coimbatore, Boosting Capacity by 33% Zelio E-Mobility Ltd., a rapidly growing manufacturer of electric two and three-wheelers, has commenced operations at its new state-of-the-art manufacturing facility located in Coimbatore, Tamil Nadu. This strategic expansion is set to significantly strengthen the company’s presence across southern Indian markets.The 39,000 sq. ft. facility, strategically located on Trichy Road in Coimbatore, officially began production on July 13, 2026. The new plant will focus on electric scooter assembly and associated operations, primarily catering to the needs of customers in Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and South Maharashtra...

Intense Competition Forces DMart to Prune Seven Cities from Online Grocery Footprint; Core Retail Growth Slows Avenue Supermarts (DMart) is recalibrating its digital ambitions amidst fierce competition in India's quick commerce space. The retail giant has decided to scale back the operations of its online grocery platform, DMart Ready, discontinuing service in seven cities during the current quarter. This strategic move signals a measured shift away from rapid expansion toward focused profitability and efficiency as the market landscape is aggressively reshaped by delivery-focused rivals.Vikram Dasu, Whole-time Director and CEO of Avenue E-Commerce Ltd., confirmed that the closures involved marginal contributors. As of June 30, 2026...

Krishana Phoschem Approves Un-Audited Financial Results for Quarter Ending June 30, 2026 Krishana Phoschem Limited announced that its Board of Directors approved the un-audited financial results for the quarter ending June 30, 2026. The board meeting was held on July 13, 2026, where management reviewed and ratified the company’s interim performance.The approval included considering the minutes of the previous Board meetings. The Un-Audited Financial Results, which were vetted by the audit committee, were subsequently subjected to a limited review by the Statutory Auditors of the Company.Key financial metrics for Krishana Phoschem Limited across the reported periods are presented below (amounts are in Lakhs, except where stated)...

SBI Funds IPO Anchor Book Surges 20X as Global Titans BlackRock and Sovereign Wealth Fund Flock In The SBI Funds Management Ltd. offering has generated extraordinary market interest, with its anchor book being subscribed over twenty times before the company’s initial public offering. This high demand signals significant institutional confidence ahead of the much-anticipated public subscription phase. The offering is notable as India's first billion-dollar IPO this year and stands as a key test of investor appetite amid a crowded market pipeline.Anchor Book Shows Massive Investor Appetite The anchor tranche, which offers priority shares to major institutions, saw extremely strong demand. Bankers managing the offering are expected to...

ETS India and Crizac Announce Strategic Partnership to Expand TOEFL and GRE Preparation Access for Study Abroad Aspirants ETS, the provider of globally recognized TOEFL® and GRE® assessments, has announced a major strategic partnership with Crizac Limited. The collaboration aims to significantly expand access to authorized TOEFL® and GRE® preparation resources for aspiring students in India who are planning higher education abroad.The partnership combines ETS’ expertise in educational assessment with Crizac’s extensive student network, addressing the growing demand for credible admissions guidance across the country. This move responds directly to the fact that more than 1.3 million Indians are currently pursuing higher education...

SAT Rejects SEBI's Mandate on Open Offer: Market Regulator Must Provide Reasons Before Forcing Acquisition The Securities Appellate Tribunal (SAT) has delivered a landmark ruling, setting aside previous communications issued by the market regulator, SEBI. The tribunal ruled that SEBI cannot issue directives with significant legal and financial consequences without providing clear rationale. This decision underscores the critical need for procedural due diligence in corporate takeover matters.The dispute centers around Marwadi Chandarana Intermediaries Brokers Ltd's attempt to acquire control of TruCap Finance Ltd, a listed NBFC. The SAT found fault with SEBI’s communication approach, stating that the regulator must pass reasoned and...

Gujarat Pipavav Port Reports Operational Data for Q1 FY27, Highlighting Cargo Volumes Gujarat Pipavav Port Limited released operational data detailing its cargo volumes for the quarter ended 30 June 2026 (Q1 FY27), alongside comparative figures from previous periods. The company’s performance across containers, dry bulk, liquid cargo, and RoRo handled was provided for comparison against Q1 FY26, Q4 FY26, and full fiscal years ending March 2025 and March 2026.The port's operations demonstrated varied volumes across different segments during the reported period.Key operational data for Gujarat Pipavav Port Limited is summarized below:MetricQ1 FY27 (Apr-Jun 26)Q1 FY26 (Apr-Jun 25)Q4 FY26 (Jan-Mar 26)Full Year Mar-26Full Year Mar-25...

KOSPI PLUNGES 8%: Market-Wide Trading Halt Triggered After Massive Stock Losses in South Korea South Korea's stock market experienced extreme volatility on July 13, leading to a trading halt after the main index plummeted by 8%. The sharp decline wiped out over $328 billion from stocks traded in the country today.The significant drop has led authorities to suspend normal trading activity across the market for approximately 20 minutes as regulators sought stability. This immediate reaction underscores the severity of the intraday losses witnessed on the KOSPI.Massive Capital Wiped Out: $328 Billion Lost in Single Day The financial impact of today's plunge is staggering. Over $328 billion has been lost from South Korean stocks in a...

Giants Breakout! Key Momentum Stocks Surge to 52-Week High as Technical Strength Ignites Buying Rally In a market environment that lacks fresh overarching triggers, technical momentum has driven significant movement across various stocks on July 13. Several companies showcased strong upward price action and consistent buying interest, leading them into or near their five-two-week highs.Stocks Reaching New Heights Amid Technical Momentum The financial markets witnessed multiple stock names achieving substantial milestones, underscoring sustained bullish intent despite mixed broader market cues. Welspun Corp, Oracle Financial Services, Star Health, Granules India, Honasa Consumer, PNB Housing Finance, Ather Energy, Nykaa, Sai Life...

Bharat Dynamics Stock Plummets as Govt Signals Big Shift in Missile Manufacturing Privatization Strategy Shares of Bharat Dynamics Ltd (BDL) declined sharply on July 13 after media reports surfaced that the government intends to open missile manufacturing to private sector players. This proposed move signals a major strategic shift in India's defence production model, moving away from traditional state control.At 9:55 am on July 13, BDL shares were trading over 2% lower, hitting Rs 1,315.2 apiece. The news created immediate volatility within the sector, as the Nifty India Defence index was observed dipping 1% at 9,396.Market Reaction and Sector Volatility The stock market reacted negatively to the announcement regarding increased...

Fino Payments & Just Dial Surge as Corporate Updates Ignite Stock Market Rally Several stocks saw significant movements on July 13 after releasing key corporate developments, including quarterly earnings, management changes, and pivotal business updates. These company-specific announcements continue to drive varied market actions across finance and IT sectors.Banking and Fintech Stocks Gain Ground on Growth Metrics Fino Payments Bank witnessed a strong rally, surging up 10% after reporting solid operational improvements in June. The bank noted an 11% year-on-year increase in average total deposits, which stood at ₹2,755 crore. Furthermore, new account openings climbed sharply by 31%, reaching 3.13 lakh accounts.Just Dial and L&T...

Sensex Rebounds with Massive Surge as Key Drivers Fuel Market Recovery The Indian stock market witnessed a significant recovery bounce today, with key indices showing resilience after experiencing previous losses. The Sensex managed a strong rally, recovering 350 points from its day's low, demonstrating underlying strength in the equity market. This rebound places investor confidence back on track as domestic cues strengthen global sentiment.Index Resilience: How Sensex Navigates the Bounce Back The Bombay Stock Exchange (BSE) index performed admirably, bouncing back significantly after hitting a temporary trough. The Sensex's movement highlights the depth of support in key sectors, allowing it to climb over 350 points from its lower...

Kusumgar IPO Smashes Demand: Check Allotment Status and Potential Listing Gains Before July 15 Debut The allotment process for the Rs 650-crore Kusumgar Initial Public Offering (IPO) is set to conclude today, July 13, 2026. This Offer for Sale (OFS), which does not raise fresh capital but involves selling existing company shares, witnessed colossal demand during its bidding period. Investors who participated can verify their allotment status immediately across the registrar's site, BSE, and NSE portals.The IPO saw an overwhelming subscription rate of 128.85 times on the final day of bidding, reflecting strong market interest in the engineered fabric manufacturer. The offering included a total of 1,14,68,094 shares available to...

Aviation, Paints and OMCs Face Plunge as US-Iran Escalation Drives Crude Prices Higher Shares of aviation, paints, and oil marketing companies faced intense selling pressure on Monday. This downturn followed a sharp spike in global crude prices, which was triggered by renewed military escalation between the United States and Iran. The surge in petroleum costs weighed heavily on these sectors, given their reliance on raw materials and fuel inputs.At around 9:30 am, the Sensex registered a decline of 633 points, or 0.82 percent, settling at 76,936.04. The Nifty index also slipped, down 184 points, or 0.76 percent, to 24,022.45. Market sentiment reflected deep volatility, with the India VIX jumping by more than 9 percent.Aviation and...

Massive Fuel Price Jitters: Key Cities Record Petrol and Diesel Rate Changes on July 13 The cost of fuel remains a critical indicator for Indian consumers, as global commodity dynamics translate directly into daily petrol and diesel prices across major metros. With market attention continuously focused on international geopolitical tensions, citizens are checking the latest rates to understand potential shifts in their pocketbook. This report provides a comprehensive breakdown of all registered changes for both fuel types today.Petrol Prices Across Major Indian Cities The retail price of petrol shows regional variations and marginal changes across different parts of the country. In New Delhi, the petrol price is registered at ₹102.12...

Bond Yields Rise as US-Iran Escalation Smashes Global Sentiment Amid Brent Surge to Near $80 Indian government bonds faced selling pressure on July 13 as surging crude oil prices weighed heavily on market sentiment. This volatility comes amidst escalating military tensions between the United States and Iran.The benchmark 10-year government bond yield moved higher, rising to 6.7368 percent from 6.7139 percent in the previous session. This movement reflects the inverse relationship between bond prices and yields in a high-stress market environment.Crude Oil Soars Amid Geopolitical Flashpoint Crude oil prices climbed sharply following Iran's expansion of strikes across the Gulf region, triggered by retaliatory US attacks. Iran's navy...

Hindusthan Insulators Allots Bonus Equity Shares in 2:1 Ratio Hindusthan Insulators & Industries Limited announced the allotment of Bonus Equity Shares following its Board meeting held on Monday, July 13, 2026. The company allotted a total of 1,44,28,850 fully paid-up Bonus Equity Shares in the ratio of 2:1.The bonus issue was completed for existing shares held by members as of Friday, July 10, 2026. These new shares carry pari-passu status and hold all the same rights as the company's existing equity shares, including benefits declared after the allotment.The face value of the newly allotted Bonus Equity Shares is ₹ 2/- per share.The completion of the bonus issue has resulted in an increase in the paid-up share capital structure...

Sensex Plummets Amid Geopolitical Flare-Up as US-Iran Tensions Ignite Crude Oil Spike The Indian stock markets saw a significant downturn on Monday, with the domestic benchmarks trading lower. The decline was heavily influenced by renewed tensions in West Asia coupled with crude oil prices soaring amid geopolitical instability. This volatile environment has heightened inflation concerns for India and impacted investor sentiment across key indices.Market Declines Driven by Global Turmoil At around 9:25 a.m., the Sensex registered a sharp drop of 619.57 points, or 0.8 percent, settling at 76,949.82. The broader Nifty also declined, falling by 180.35 points or 0.75 percent to reach 24,026.55. These movements underscore the immediate...

RBI Steps Up Scrutiny of Corporate Foreign Ventures as Banks Face Massive Due Diligence Requirements The Reserve Bank of India (RBI) has significantly intensified its oversight regarding Overseas Direct Investments (ODIs) undertaken by Indian corporations. A report from the Economic Times indicates that banks are being instructed to collect substantially more granular information from their corporate clients concerning their foreign ventures and business partners.This regulatory push aims to bolster financial stability and increase visibility into capital flows moving abroad, signalling a higher level of supervisory scrutiny for investors in the multinational landscape.Comprehensive New Disclosure Requirements for Foreign Ventures...

DMart Stock Plunges as Q1 Results Reveal Metro Slowdown and Quick Commerce Threat Shares of Avenue Supermarts, the parent company of the DMart retail chain, fell sharply in early trading on Monday. The sell-off came after the company's April-June quarter results were released, which reinforced market concerns regarding slowing growth within key metro markets amid intense competition from quick commerce players.The stock saw a decline of up to 3.98 percent, reaching Rs 3,918.5 in early trade. This drop made DMart the top loser on both the BSE 500 and NSE 500 indices, making it one of the most actively traded stocks on the NSE. Despite Monday's decline, the stock currently remains up 6.2 percent so far in 2026.Financial Performance...