Market News

Indian Banking Stocks Rally 3% Ahead of Q1 Earnings Season

Indian banking stocks including HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank rose up to 3% on Friday, with the Nifty Bank index gaining over 500 points as investors positioned ahead of Q1FY27 earnings announcements. Brokerages anticipate steady loan growth and stable asset quality, though margin pressure is expected to impact profitability during the quarter.

Motilal Oswal initiates Buy on Unimech Aerospace with 27% upside target

Motilal Oswal has started coverage of Unimech Aerospace with a Buy rating and a Rs 1,530 price target, indicating 27% upside potential. The brokerage cited strong earnings growth prospects from aero tooling, precision engineering, and strategic acquisitions, despite the stock already appreciating 40% in 2026.

Relaxo Footwears surges 14% after three-day decline

Relaxo Footwears shares jumped 14% on Friday, reversing a three-day losing streak as buying interest emerged at technical support levels, adding approximately Rs 1,255 crore to market capitalisation. The recovery marks a significant rebound, with the stock climbing over 76% from its March lows after declining 55% from its 52-week high.

Netflix Shares Plunge 9% on Weak Q3 Guidance Despite Solid Q2 Results

Netflix shares declined nearly 9% following the company's earnings announcement, as weak third-quarter guidance and concerns about slowing growth overshadowed otherwise solid second-quarter results. The selloff reflects investor anxiety over reduced engagement disclosures and intensifying competition within the streaming sector.

Netflix Shares Fall 9% on Weak Q3 Guidance Despite Solid Q2 Results

Netflix stock declined nearly 9% following the company's earnings announcement, as weak third-quarter guidance overshadowed solid second-quarter performance. The selloff reflected investor concerns about slowing growth trajectory, reduced engagement metrics, and intensifying competition in the streaming sector.

Netflix Shares Plunge 9% on Weak Q3 Guidance Despite Strong Q2

Netflix experienced a sharp 9% post-earnings selloff after providing weak third-quarter guidance that overshadowed solid second-quarter results, according to reports. Investor concerns about decelerating growth, reduced engagement metrics, and intensifying competitive pressures in the streaming sector drove the market reaction.

Netflix Shares Plunge 9% on Weak Q3 Guidance Despite Solid Q2 Results

Netflix shares declined nearly 9% following the company's earnings report, as weak third-quarter guidance overshadowed solid second-quarter performance. Investor concerns centered on slower growth projections, reduced engagement disclosures, and intensifying competition in the streaming sector.

Groww Shares Rebound 4% After Thursday's Slump

Groww shares recovered on Friday following a sharp decline the previous day, supported by strong Q1FY27 earnings that prompted multiple brokerages to maintain bullish outlooks. Jefferies, JM Financial, and Motilal Oswal reiterated Buy ratings, citing robust profit growth and market share gains.

China stocks plunge on CXMT IPO liquidity concerns

Chinese and Hong Kong equities experienced sharp declines on Friday, with mainland benchmarks heading for their steepest weekly losses in over two years amid concerns that CXMT's $8.6 billion IPO and upcoming large listings could strain market liquidity. The selloff particularly impacted AI and semiconductor stocks as investor sentiment deteriorated.

Polycab India shares fall 4% despite record Q1 earnings surge

Polycab India's stock declined 4% on Friday despite the company posting its best-ever first-quarter results, with net profit jumping 33% year-on-year to Rs 797 crore and consolidated revenue surging 39% to Rs 8,210 crore. The disconnect between strong financial performance and stock weakness reflects profit-taking by investors despite robust operational growth.

NSE draws rare 'Sell' call ahead of long-awaited IPO debut

Dolat Capital initiated coverage on NSE with a 'sell' rating and Rs 1,550 target price, implying 26% downside from unlisted-market valuations ahead of the exchange's planned $3 billion IPO. The brokerage cites expectations of tighter derivatives regulations, declining options volumes, and market-share losses as headwinds that would pressure growth and justify lower valuations.

Indian IT stocks rally on strong Q1 results and major deal wins

Indian IT majors including Infosys, TCS, and HCL Tech gained up to 3% on Friday, driven by Tech Mahindra's better-than-expected first quarter earnings and HCL Tech's securing of a significant seven-year contract. The Nifty IT index posted notable gains, though Wipro declined over 3% after reporting weak Q1 performance.

CXMT's $8.6B IPO Draws Strong Retail Demand Despite Investor Caution

Chinese memory chipmaker CXMT's initial public offering of $8.6 billion attracted substantial retail investor interest with the retail tranche oversubscribed 243.93 times, though this level of demand was lower than recent comparable Chinese listings, suggesting underlying market hesitation. The offering reflects broader volatility in technology shares driven by valuation concerns and liquidity constraints, with state media attempting to manage investor sentiment around the IPO's market impact.

Nuvama initiates Buy coverage on SG Mart, Siemens Energy India

Nuvama Institutional Equities has initiated coverage on SG Mart and Siemens Energy India with Buy ratings, setting target prices that imply upside potential of approximately 18% and 21% respectively. The brokerage cited strong earnings growth, improving profitability, and favourable industry trends as reasons for the positive outlook on both stocks.

India bonds tread water ahead of large debt sale

Indian government bonds traded sideways on Friday as the market awaited a significant debt auction, with foreign investor interest providing underlying support. Short-term interest rates rose amid tightening banking system liquidity, while oil prices and U.S. Treasury yields remained range-bound.

CEAT Shares Plummet 9% as Q1 Profit Collapses 96% YoY to Rs 4 Cr

CEAT's share price fell over 9% following the announcement of a dramatic 96% year-on-year decline in net profit to Rs 4 crore for Q1, driven by elevated raw material costs stemming from geopolitical tensions in West Asia. Despite revenue growth of 22% to Rs 4,318 crore, the company's bottom line deteriorated sharply, though management outlined a Rs 1,205 crore capacity expansion plan.

WeWork India Shares Fall 5% Despite Narrowed Loss and Strong Revenue Growth

WeWork India's stock declined 5% despite reporting improved financial metrics for Q1FY27, including a narrowed net loss of Rs 4.31 crore and revenue growth of 27.74% year-on-year to Rs 683.83 crore. The company also expanded its operational footprint by 18.5% to 79 centres and saw free cash flow from operations surge 176.1% year-on-year.

China Accelerates National Infrastructure Spending to Offset Local Investment Decline

China is ramping up central government infrastructure spending to bolster economic growth, compensating for reduced local government investment amid debt constraints and tighter spending oversight. The shift reflects Beijing's strategy to maintain growth momentum while limiting local borrowing and enhancing fiscal control.

Reliance, JSW Steel Lead 33 Companies Reporting Q1 Earnings Today

Reliance Industries and 32 other firms are scheduled to announce their June quarter results on Friday, with several major banks set to follow on Saturday. Analysts expect Reliance to demonstrate steady performance from its oil-to-chemicals segment amid broader earnings season activity.

HDFC AMC among stocks seeing sharp surge in futures open interest

Nine stocks listed on NSE's F&O segment experienced a sharp jump in futures open interest as of July 16, each rising over 10% from the previous session, according to reports. The surge indicates traders are building fresh positions or adding to existing ones in these securities.