Markets

Major Overhaul: SEBI Slams Down 15% Cap on Open Market Buybacks; Companies Must Meet Strict MPS Requirements The Securities and Exchange Board of India (SEBI) has released comprehensive amendments to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. These stringent new regulations are set to dramatically reshape corporate buyback activities across Indian markets, with the rules coming into effect from August 1, 2026.The amendments introduce several critical limitations designed to ensure market stability and enhance shareholder protection in the context of share repurchase initiatives. The changes affect every aspect of the buy-back process, from setting transaction limits to mandating strict...

EaseMyTrip Announces 'Monsoon Travel Sale' Offering Discounts Across Flights, Hotels, and Holiday Packages EasyTrip Planners Ltd has launched its 'Monsoon Travel Sale', a travel campaign set to run from July 7 to July 10, 2026. The initiative aims to encourage travelers by providing attractive offers across various travel categories during the monsoon season.The 'Monsoon Travel Sale' focuses on driving bookings for both domestic and international getaways. Customers can avail the special benefits by using the promo code 'MONSOON' when booking through the EaseMyTrip website or mobile application.Key Offers in the Monsoon Travel Sale The sale features significant discounts across flights, hotels, buses, cabs, and holiday packages. The...

Jewellery Sector Registers Stunning Resilience in Q1 FY27, Outperforming Despite Record Gold Prices The Indian jewellery market has demonstrated remarkable resilience during the first quarter of Fiscal Year 2027. Despite operating within an environment defined by soaring gold prices, the sector is shining brighter than anticipated. This robust performance indicates a strong underlying consumer buoyancy and sustained demand for high-value assets.The industry's ability to thrive amid extreme commodity costs highlights shifts in market dynamics. Traditional cost concerns appear to be secondary to fundamental consumption trends. This success story speaks directly to the enduring cultural significance of jewellery purchases in India...

RBI Sets 1-Day Rate at 5.26%: High Demand Ignites Vigorous Participation in VRR Auction The Reserve Bank of India (RBI) successfully concluded its Overnight Variable Rate Repo (VRR) auction for the 1-day tenor on July 07, 2026. The auction results indicate extremely high demand from financial institutions, as total bids received significantly surpassed the amount notified by the central bank.The auction serves as a critical barometer for short-term money market rates in India. A successful and highly contested VRR auction underlines the robust liquidity conditions within the banking system.VRR Auction Results Show Robust Market Participation On July 07, 2026, the RBI conducted the VRR auction targeting the one-day instrument. The...

Edelweiss Launches BSE Top 10 Bank ETF: Passive Strategy Aims to Capture Core Banking Sector Gains The financial sector witnessed a significant launch with the introduction of the Edelweiss BSE Top 10 Bank ETF. This new Exchange Traded Fund (ETF) is designed to track the performance of the BSE Top 10 Bank Total Return Index, providing investors a focused route into India's leading banking segment. The fund positions itself as a passively managed investment vehicle, adhering strictly to the index composition and ensuring parity with its benchmark.Understanding the Scheme Objective and Structure The Edelweiss BSE Top 10 Bank ETF is an open-ended exchange traded scheme. Its primary investment objective is to generate returns that are in...

Ministers Converge in Kochi as India Drives BRICS Vision for Gender Equality and Sustainable Resilience Ministerial leaders from BRICS member countries are set to gather in Kochi, Kerala, on 8-9 July 2026. This crucial gathering aims to strengthen international cooperation by advancing women's empowerment across the bloc. The meeting takes place under the stewardship of India’s BRICS Chairship 2026.The event represents a high-level commitment to fostering inclusive and sustainable development across all member nations. By bringing together ministerial delegates, the agenda focuses on practical strategies for acceleration toward gender equality within BRICS nations.Advancing Empowerment Under Four Core Pillars India's BRICS Chairship...

Leapfrog Engineering Services Ltd to Hold Board Meeting to Approve Financial Results Leapfrog Engineering Services Limited has scheduled a meeting of its Board of Directors. The meeting is set for Monday, July 13, 2026.The primary agenda item for the Board meeting is to consider and approve the Standalone Audited Financial Results of the Company. These results cover both the half year period and the full financial year ended March 31, 2026.In addition to reviewing the company’s audited financial performance for the specified periods, the Board will also transact any other matters that may be decided by the Directors during the meeting.Stock Price Movement As of 10:21 AM, shares of Leapfrog Engineering Services Ltd are dipping...

Sensex and Nifty Extend Four-Session Rally as FII Buying Drives Market Gains Benchmark equity indices Sensex and Nifty saw a continued upswing on Tuesday, maintaining their rally across four consecutive sessions. The market gained momentum as foreign institutional investors (FIIs) turned back into buyers for the second straight session, supporting the bullish trend in Indian equities.Morning Index Performance Update Trading activity showed healthy gains across key indices during the morning session. At 10:15 a.m., the Sensex stood at 78,497.02, registering a gain of 211.95 points or 0.27 percent. The broader Nifty index advanced to 24,494.50, reflecting gains of 64.15 points or 0.26 percent.Factors Fueling the Market Surge Foreign...

From ₹174 Crore Bet to ₹4,400 Crore Windfall: How Global Asset Manager Amundi Maximizes Return in SBI Funds Management IPO French asset management giant Amundi is poised to realize a massive financial gain as it prepares to sell a significant stake in SBI Funds Management. The sale represents a remarkable long-term strategic investment, growing exponentially over 15 years. This move underscores the rapid growth and increasing scale of India's mutual fund industry.The proposed Initial Public Offering (IPO) will allow Amundi India Holding to divest 75.37 million shares, constituting 3.7% of SBI Funds Management. Based on the reported valuation of approximately ₹1.17 lakh crore ($12.3 billion), this stake sale is projected to fetch...

Global Capital Markets Ltd Confirms No Non-Convertible Securities Issued for Quarter Ending June 30, 2026 Global Capital Markets Ltd has confirmed that it did not issue any Non-Convertible securities during the quarter ending June 30, 2026. Consequently, the obligation to make payments of interest or principal on NCDs (Non-Convertible Debentures) and Bonds was not applicable for the period.The company submitted a NIL report confirming this status, as no such obligations arose concerning Non-Convertible securities during the specified quarter. This confirmation relates to both the certificate regarding payment obligations and details of any unpaid interest or principal obligations at the end of the quarter.The details confirming the...

Meta Faces $1.4 Trillion Penalty Risk as Four States Target Addiction Claims Meta Platforms is facing mounting legal pressure globally, with a recent filing revealing that four U.S. states have sought extraordinary penalties totaling $1.4 trillion against the social media giant. The lawsuits center on accusations that Meta knowingly designed its Facebook and Instagram platforms to addict young users while misleading the public about their safety features.The staggering figure was put forward by Meta in response to the attorneys general's filings, calculating potential damages should the states prevail at trial. This potential penalty amount is noted as being close to Meta’s current market capitalization of approximately $1.5 trillion...

Belong Revolutionizes Global Access: NRIs Can Now Trade GIFT Nifty Derivatives 24/7 with Zero Tax Liability Belong, an investment platform dedicated to non-resident Indians (NRIs), has made a significant move into international financial derivatives. The company has successfully launched GIFT Nifty Futures trading through the NSE International Exchange (NSE IX). This offering allows NRIs and Overseas Citizens of India (OCIs) access to dollar-denominated Nifty 50 futures via GIFT City, marking a major advancement in cross-border investment accessibility.The introduction of this specialized product is designed to bridge the gap between global Indian communities and sophisticated financial markets. Investors can now trade for nearly 21...

MOIL Ltd Reports Provisional Production and Sales of Manganese Ore for Q1 FY2026-27 MOIL Limited has released provisional data detailing the production and sales figures for its manganese ore during the first quarter of the financial year 2026-27, covering the period up to April-June 2026.The provisional results provide a comparison of operational metrics between Q1 FY2025-26 and Q1 FY2026-27. The data includes details on production in Lakh Metric Tonnes (MT) as well as sales figures for the specified quarter.Key performance indicators are summarized below:MetricApril-June 2026 (Lakh MT)April-June 2025 (Lakh MT)Production of Manganese Ore5.085.02Sales of Manganese Ore3.683.56The figures represent the provisional...

CPSE Capex Jumps 26% Amid Steady Economic Activity; E-Way Bill Growth Hits Four-Month Peak Domestic Resilience: CPSE Investment Spurs Growth India’s economic momentum remains robust, driven significantly by capital expenditure in public sector enterprises. Capital spending by 63 Central Public Sector Enterprises (CPSEs) surged by 26% year-on-year, reaching Rs 2.10 trillion in the first quarter of FY27. This impressive spend accounts for approximately 25% of their annual capex target, signaling strong corporate investment activity within key sectors.Economic activity also showed steady improvement across various fronts. E-way bill generation accelerated by 14.5% year-on-year during June. This rate represents the fastest growth observed...

Trio Mercantile & Trading Ltd to Hold Board Meeting to Approve Q1 Results; Trading Window Closed for Insiders Trio Mercantile & Trading Ltd has announced plans to convene a Board Meeting to review and approve the Unaudited Financial Results for the quarter that ended on June 30, 2026. The meeting is scheduled for July 14, 2026.The company confirmed details regarding its trading window status in relation to this corporate governance event. For the security of the firm and compliance with insider trading protocols, the designated trading window for all Directors, officers, and specified employees has been closed. This restriction period runs from July 1, 2026, until July 16, 2026.The Board Meeting is intended to consider and formally...

GCM Capital Advisors Confirms No Non-Convertible Securities Obligations for Quarter Ended June 30, 2026 GCM Capital Advisors Ltd has confirmed that it had not issued any non-convertible securities during the quarter ended on June 30, 2026. Consequently, the company reports no applicability regarding the payment of interest or principal obligations related to Non-Convertible Deposits (NCDs) and Bonds for the specified period.The company has submitted a nil report confirming that it holds no such payment obligations for non-convertible securities for the quarter ending June 30, 2026. This means that neither the certificate regarding interest/dividend/principal payments nor details of unpaid obligations were required under Regulation...

Teja Engineering Stock Bursts onto Market, Smashes Listing Premium on SME Debut Amid Strong Investor Interest Teja Engineering Industries made a commanding debut on the NSE SME platform, achieving a blockbuster listing. The company's shares launched at a significant premium of 90 percent over its initial issue price. This strong market response highlights investor confidence in the industrial sector.The stock opened at Rs 418 per share against the IPO issue price of Rs 220 per share. Following this successful listing, Teja Engineering Industries recorded a market capitalization of Rs 268.24 crore. The debut cemented its status as a key player in specialized engineering services.Strong Investor Demand Drives Listing Success The SME...

Shipyard Stocks Plummet: Cochin Shipyard Shares Fall Amid Govt's Plan to Sell Up To 5% Stake Cochin Shipyard Ltd (CSL) shares took a significant dip today after the government announced plans to sell up to 5% of its stake in the defense public sector undertaking. This announcement prompted investors to react negatively, leading to a decline in share prices as the Offer for Sale (OFS) is set to begin soon.CSL Stock Plummets Following OFS Announcement Cochin Shipyard shares were trading down sharply on July 7. At 9:55 am, the stock was reportedly trading 4% lower at ₹1,441.9 apiece. The sale of stake is part of a broader government initiative to monetize public sector assets and raise funds.The Offer for Sale (OFS) will see non-retail...

Kalyan Jewellers Shares Plunge 8% Despite Robust Quarterly Growth Amid Rival Comparison The shares of Kalyan Jewellers experienced a sharp decline on Tuesday, falling nearly 8 percent. This stock movement came despite the company reporting a strong business update for its Apri-June quarter. Investors appear disappointed by the result as the retailer's growth lagged behind that of larger competitor Titan and against high industry expectations for the jewelry sector.Stock Performance Tanks Despite Operational Success Kalyan Jewellers stock shed significant value in morning trading, dipping by as much as 7.8 percent. The stock price fell to Rs 351.55 during the market session. This slump means that the company's total losses for 2026...

Titan Soars as Retail Sector sees Mixed Signals; Corporate Mergers Drive Gains for Pharma Stocks Shares of key companies are set to remain in sharp focus on July 7, driven by diverse developments ranging from strong corporate acquisitions and major contract wins to varied quarterly business updates across the retail sector. While some luxury brands celebrate robust growth, others face stock pressure despite excellent operational performance.Titan's Massive Surge as International Business Surges Titan experienced a significant rally, adding 2 percent after announcing healthy segmental growth during the June quarter. The company saw its domestic business expand by 37 percent year-on-year. Furthermore, Titan’s international business...