Markets

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...

Tata Capital Limited Announces 35th AGM Date and Appoints Joint Statutory Auditor Tata Capital Limited has announced key operational dates for its upcoming Annual General Meeting (AGM) and confirmed the appointment of a new Joint Statutory Auditor following a Board meeting held on July 13, 2026.The Board approved the convening of the company's 35th AGM, which is scheduled to take place on Wednesday, August 19, 2026. The meeting will be conducted through Video Conferencing or other Audio-Visual Means.In addition to the AGM details, the company set Monday, July 27, 2026, as the Record Date for determining members' entitlement to receive the final dividend for the financial year ended March 31, 2026. The dividend payment is slated for...

Tata Capital Acquires Yogakshemam Loans Limited to Gain Entry into Gold Loan Business Tata Capital Limited (TCL) has announced the approval of an acquisition deal that brings it into the specialized secured lending sector. The company is acquiring a majority stake in Yogakshemam Loans Limited (Yogloans), an RBI-registered Non-Banking Financial Company (NBFC) primarily focused on gold loans. This strategic move aligns with TCL's mandate to expand and diversify its retail lending portfolio across India.The acquisition involves the purchase of equity shares from several designated sellers, including Mr. Unnikrishnan Idicharm Veetil, Mrs. Sathyalakshmy M, Mr. Abhijith Unnikrishnan, Mr. Ramachandran Ottapathu, Mrs. Jalajkumari...

Rupee Plunges as Geopolitical Tensions Surge; Oil Price Jumps Amid US-Iran Missile Exchange The Indian Rupee weakened further today, opening at ₹95.70 against the US dollar after a volatile weekend of geopolitical tensions. The currency movement is heavily influenced by the escalating confrontation between the United States and Iran, which involved massive missile and drone strikes. This renewed global instability has driven Brent crude prices up significantly, fueling concerns among investors.Escalating Tensions Drive Crude Oil Spike Brent crude prices saw a sharp increase, jumping at least 3 percent to trade near $79 per barrel. The oil price surge followed Iran's expansion of its attacks on Gulf states, specifically in response to...

Magellanic Cloud Secures ₹6.92 Crore Contract for Advanced Surveillance Systems from South Central Railway Magellanic Cloud Limited has secured a contract with the South Central Railway, Vijayawada Division, for the design, supply, installation, testing, and commissioning (SITC) of advanced IP-based CCTV surveillance systems across various stations within the division. The agreement is valued at ₹6,92,87,410.55.The project focuses on enhancing security and operational monitoring across multiple railway stations, including key junctions such as Vijayawada, Rajahmundry, Nellore, Kakinada, and Gudur. The scope of work encompasses the deployment of surveillance infrastructure and associated Signalling & Telecommunication (S&T)...

Bitcoin Pulls Back From $64K Surge Amid Escalating US-Iran Tensions Bitcoin experienced a volatile session after briefly piercing the $64,250 mark in early trading on July 13. The crypto behemoth subsequently retreated, currently trading at $62,839 (08:49 IST), marking a decline of 0.65 percent over the last 24 hours and showing a 1.94 percent dip across the past week.The market correction occurs amidst renewed geopolitical uncertainty following the US strikes on Iran. BTC held near the $64,000 level in previous weeks despite elevated tensions.Geopolitical Uncertainty Drives Market Volatility Macro uncertainty has resurfaced after President Donald Trump backed away from a promised ceasefire regarding Iran. This development is...

Flipkart Set to Surge Liquidity By Selling Stake Worth Rs 700–750 Crore in Shadowfax Technologies Flipkart, the e-commerce giant backed by Walmart, has initiated plans to divest a significant portion of its stake in logistics startup Shadowfax Technologies. Industry insiders confirm that the sale is expected to fetch between Rs 700 and Rs 750 crore, marking another instance of portfolio monetization for the tech behemoth.This planned dilution represents Flipkart’s second venture into selling stakes within the rapidly growing logistics sector. This move comes as part of a wider strategy by Flipkart to unlock liquidity following successful exits from BlackBuck and various investments by Aditya Birla group companies.Monetizing...

RBI Curbs Market Speculation: Net Liquidity Absorbed in Money Market Operations as Key Rates Hold Steady The Reserve Bank of India (RBI) released its comprehensive Money Market Operations data for July 10, 2026. The operations highlight a focused management of systemic liquidity, with the central bank absorbing significant net funds across both current and outstanding market activities.The latest figures reveal key insights into short-term borrowing and lending behavior. The Net liquidity injected (or absorbed) from all operational sources stood at -1,13,865.18 ₹ Crore, indicating a controlled environment regarding short-term funding flows.Money Market Dynamics Reflect Stable Rate Environment The overnight money markets saw robust...

DMart's Q1 Results Reveal Margin Resilience But Analyst Caution Mounts Amid Quick Commerce Headwinds Avenue Supermarts (DMart) shares are likely to be under close scrutiny as brokerages maintain a cautious stance following the release of its fiscal first quarter results. While the retail giant demonstrated steady profitability and margin strength, slowing like-for-like (LFL) sales growth and escalating pressure from quick commerce competitors continue to cloud the near-term growth outlook for the company.DMart's Q1 Financial Performance Highlights DMart reported a consolidated net profit rise of 11.3 percent year-on-year, reaching Rs 860.6 crore for the quarter ended June. Revenue grew by 14.9 percent, recording Rs 18,794 crore...

TCS Reshuffles Leadership and Establishes New Business Units to Dominate AI and Digital Transformation Era Tata Consultancy Services (TCS) has undertaken its most significant leadership restructuring in three years. The company announced extensive changes across multiple key markets, involving various top roles and business units. These strategic realignments are designed to bolster leadership bandwidth and provide focused attention to specialized industry segments amid the accelerating AI-led growth era.Reorganization of BFSI Vertical and Key Market Leaders The restructuring has major implications for TCS's banking, financial services, and insurance (BFSI) vertical, which accounts for over 30 percent of the company's revenue. Susheel...

GIFT Nifty Plunges as Geopolitical Crisis Ignites Global Oil Surge, Posing Threat of Gap Down for Sensex and Nifty Indian equities are bracing for a potential gap-down open on Monday as renewed military escalation between the United States and Iran sends global markets into heightened volatility. The turmoil has driven crude oil prices sharply higher, thereby dampening risk appetite across international exchanges. Early indications from GIFT Nifty suggest significant downside pressure for benchmark indices.Geopolitical Tensions Drive Sharp Spike in Crude Oil Prices The fresh hostilities between the US and Iran have reignited fears regarding the fragile peace agreement reached last month. These concerns intensified after reports...

Smartworks Leases Over 930 Seats in Pune, Boosting Client Commitment to Approximately INR 102 Crore Smartworks Coworking Spaces Limited, India's largest managed office platform by total area under management, has secured a significant expansion deal in Pune. The company has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm.This addition raises the client's total seat count with Smartworks to over 1,730 seats. This specific engagement is set for a 60-month duration and is expected to generate committed rental revenue of approximately INR 58 Crore. When combined with the client's existing arrangement, the total estimated rental commitment for this enterprise rises...