Market News

European Shares Rise on Mining, Energy Strength; Middle East Tensions in Focus

European stocks advanced with mining and energy sectors leading gains, supported by surging commodity prices and positive earnings from household goods companies. Investors remain watchful of Middle East developments and anticipate Federal Reserve signals on future monetary policy.

PPFAS Valued at ₹15,800 Crore as Thakkar Sells Stake to WhiteOak

Rajeev Thakkar sold a stake in unlisted asset manager PPFAS to WhiteOak Capital's Alternative Investment Fund, valuing the company at nearly ₹15,800 crore. The transaction follows recent stake sales by promoters Neil and Khushboo Parikh, providing market valuation insights for the closely held firm amid reported revenue and profit growth.

S&P 500 Closes Higher as Tech Earnings Loom

The S&P 500 index ended the trading session in positive territory on Tuesday, supported by strength in Boeing and Coca-Cola shares, while chip stocks declined as investors prepared for major technology company earnings reports. Apple's market capitalization surpassed the five trillion dollar threshold for the first time, highlighting continued investor interest in mega-cap technology stocks ahead of the Federal Reserve's interest-rate decision scheduled for Wednesday.

Radico Khaitan Q1 profit surges 76% to Rs 229 crore on strong brand sales

Radico Khaitan reported a 76% jump in net profit to Rs 229.60 crore for the June quarter, with operational revenue rising 13.22% to Rs 5,867.69 crore, marking record highs across volume, top-line, and profitability. The strong performance was driven by a 35.8% increase in Prestige and Above brand sales, indicating robust demand in the premium spirits segment.

Templeton's Investment Wisdom: Finding Value in Neglected Markets

John Templeton's contrarian investing philosophy emphasizes seeking overlooked opportunities with strong fundamentals rather than following market trends. The approach underscores the importance of independent research, patience, and long-term thinking to identify undervalued investments before they gain mainstream attention.

Indian Equities Surge on Falling Oil, Firmer Rupee

Indian stock markets and the rupee rebounded sharply on Monday following a collapse in crude oil prices, with the BSE Sensex and NSE Nifty posting substantial gains amid easing volatility. Lower crude prices benefit India's inflation trajectory and current account balance, supporting renewed investor confidence.

Juniper Green Energy Sets IPO Price Band at Rs 214-225 Per Share

Juniper Green Energy has fixed its initial public offering price band at Rs 214-225 per share for its approximately Rs 1,800 crore offering, with subscription scheduled from July 30 to August 3. The IPO comprises entirely fresh equity shares with no secondary offering component, with proceeds earmarked for debt repayment and subsidiary investments.

Tamilnad Mercantile Bank Q1 profit surges 35% on income growth

Tamilnad Mercantile Bank reported a 35% year-on-year increase in June quarter net profit to Rs 412 crore, supported by higher income and net interest income alongside improved operational metrics. The performance reflects stronger margins, asset quality improvements, and robust growth in advances and deposits.

India's Top 7 Cities Face Retail Space Crunch as Mall Supply Drops 57%

Real estate consultant Anarock reported that gross leasing of retail spaces in malls across India's major cities declined 24 percent to 4.1 million sq ft in the first half of 2026, with new supply falling 57 percent year-over-year. The contraction signals a significant tightening in the retail real estate market, potentially limiting expansion opportunities for retailers in India's key urban centers.

Indian Rupee Approaches Record Low Amid Oil Price Surge

The Indian rupee is trading near record lows against the US dollar this week, pressured by elevated oil prices and escalating geopolitical tensions in the region. Foreign currency inflows and special deposit schemes offered by banks are providing some support to stabilize the currency around current levels.

Nifty 50 Enters Oversold Territory; 24,000 Pullback Seen Possible

India's Nifty 50 index has declined to oversold levels, with analysts suggesting a potential recovery towards 24,000 if the 23,600 support level holds firm. Traders are being advised to employ specific option strategies ahead of weekly expiry and consider selective stock picks including Azad Engineering, Laurus Labs, RR Kabel, and Astra Microwave Products.

Indian Equities Face Fifth Straight Loss as Oil Prices, FII Outflows Weigh

Indian stock markets extended losses for a fifth consecutive session, pressured by elevated oil prices and continued foreign institutional investor outflows, with weak sentiment persisting despite intraday recovery attempts. Key technical levels for the Nifty index remain in focus as traders assess whether broader market resilience can withstand rising US yields and ongoing global uncertainty.

Fed Decision, Oil Swings to Test Gold as West Asia Risks Loom

Gold and silver face a critical week as the Federal Reserve prepares to announce its interest rate decision, with market participants positioned to react to oil price movements and escalating US-Iran tensions. Central bank announcements and key economic indicators are expected to substantially impact bullion valuations.

Goldman Sachs, Nomura, Axis to lead Carlyle's Highway Roop IPO

Carlyle is preparing a $500 million IPO for its Indian automotive platform Highway Roop Precision Technologies, with Goldman Sachs, Nomura, and Axis Bank appointed as lead managers. The offering is expected to value the company at around $2 billion and represents Carlyle's effort to exit its investment in the auto-components business.

BSE Midcaps Show Strong Upside Potential, Analysis Suggests

A Trendlyne-backed analysis has identified nine BSE mid-cap stocks with potential upside of up to 70% over the next 12 months, according to reports. The list includes names such as Patanjali Foods, Gujarat Energy, and Crompton Greaves, which the analysis indicates are supported by analyst consensus estimates and favourable sectoral growth outlooks.

110+ stocks including Wipro, UltraTech turn ex-date this week

Over 110 Indian companies, including Wipro, UltraTech Cement, and Britannia, are turning ex-date this week for dividend payments and bonus issues. Investors must hold shares before record dates to qualify for payouts, with notable dividends including UltraTech's Rs 240 and Britannia's Rs 90.5.

Indian Equities Face 6th Session Loss Risk as Fed, Oil Weigh

Indian stock indices extended losses for a fifth consecutive session amid rising oil prices, foreign institutional investor outflows, and geopolitical tensions, with traders watching the US Federal Reserve meeting and crude oil trends for direction this week. Technical indicators suggest Nifty could face further pressure, with key support identified near 23,600 and resistance around 24,000.

Crypto physical attacks surge 33% globally, losses hit $124M

Physical attacks targeting cryptocurrency holders jumped 33% in the first half of 2026, with criminals inflicting $124 million in losses globally, according to reports. France has become a focal point as criminals employ combined cyber intelligence, social engineering, and violence to steal digital assets.

IDFC First Bank Q1 profit surges 132% to record Rs 1,075 crore

IDFC First Bank reported its highest-ever quarterly profit after tax of Rs 1,075 crore for Q1 FY2027, representing a 132.4% year-on-year increase from Rs 463 crore in the prior year period. The announcement indicated net interest income jumped 21% during the quarter, signaling strong credit growth and improved operational efficiency.

Singapore govt's India portfolio drops 25% despite stellar gains in select stocks

The Government of Singapore's Indian equity holdings fell 25% to Rs 1,51,353 crore as of June 2026, comprising 39 listed companies, with Aditya Infotech surging 137% but major holdings like HDFC Bank and Syngene International weakening portfolio returns. The mixed performance reflects divergent sector dynamics within Singapore's substantial India investment footprint.