Market News

RIL Q1 Results Today: What to Expect From Reliance Share

Reliance Industries is announcing its June quarter earnings today, with market participants monitoring the stock's reaction closely. Analysts expect steady performance from the company's oil-to-chemicals and digital services divisions, though historical earnings releases have shown mixed share price movements.

Gold slides Rs 3,000/10g, silver plunges Rs 7,300/kg amid oil rally

Gold and silver prices declined this week on India's MCX exchange, with gold falling Rs 3,000 per 10 grams and silver dropping Rs 7,300 per kilogram, as escalating U.S.-Iran tensions pushed crude oil higher and amplified inflation concerns. The oil rally has intensified expectations of central bank rate hikes, pressuring precious metals despite mixed intraday trading on Friday.

Tech Mahindra shares surge 3% on Q1 earnings beat

Tech Mahindra's stock jumped following the release of better-than-expected Q1 FY27 results, with net profit rising 28% year-over-year to Rs 1,465 crore and revenue climbing 18% to Rs 15,712 crore. The strong performance, driven by broad-based growth, substantial deal wins, and margin expansion, has prompted major brokerages including Nomura and Nuvama to reassess their outlooks on the IT services company.

Jio Financial Services shares surge 6% on stellar Q1 results

Jio Financial Services shares rallied 6% following the release of strong first-quarter results, with consolidated net profit jumping 155% year-on-year to Rs 830 crore and revenue from operations surging 227% to Rs 2,004 crore. The robust performance across lending and financial services divisions signals strong business momentum for the company.

Wipro shares fall 3% after Q1 results, brokerages cut targets

Wipro's stock declined over 3% following Q1FY27 results as major brokerages including Nomura and Nuvama lowered price targets despite maintaining Buy ratings, citing weak growth and cautious forward guidance. Motilal Oswal retained a Neutral stance, warning of another challenging year ahead for the IT services company.

RIL Q1 Earnings May Surprise Via Refining Gains Beyond Jio

Reliance Industries' first-quarter results are poised to benefit significantly from elevated refining margins in addition to Jio's steady growth, though planned refinery shutdowns may limit the full upside. Investors will scrutinize how effectively the conglomerate converts commodity margin strength into bottom-line earnings.

Sky Gold Subsidiary Hit by Rs 11 Crore Deepfake Fraud

Sky Gold's subsidiary suffered an unauthorized fund transfer of Rs 10.70 crore after unknown persons used deepfake technology to impersonate a director, causing the company's shares to fall. The incident was reported to cybercrime authorities and banks, with no broader IT system breaches detected.

JGBs Hold Steady as Investors Weigh Inflation, BOJ Signals

Japanese government bond yields displayed mixed movements Friday, with the ten-year yield rising while the twenty-year yield declined, as investors assessed inflation risks and monetary policy guidance from the Bank of Japan. The mixed performance reflects broader uncertainty surrounding fiscal management and interest rate trajectories in global bond markets.

Foreign Investors Marginally Reduce China Onshore Bond Holdings

Foreign investors slightly reduced their holdings of Chinese onshore yuan-denominated bonds in June, holding 3.20 trillion yuan in the interbank market after buying in May for the first time in over a year. The pullback signals mixed sentiment toward Chinese fixed income assets despite recent inflows.

Top 10 Smallcap Stocks Deliver Up to 230% Returns in 2024

A selection of ten small-cap stocks has demonstrated exceptional performance this year, with year-to-date returns reaching as high as 230 percent according to market data. The strong rally in this segment highlights the potential for significant gains in smaller-capitalization equities during the current market cycle.

Caliber Mining & Logistics IPO opens with 25% grey market premium

Caliber Mining & Logistics launched its Rs 450-crore initial public offering today with a grey market premium of Rs 105, suggesting a potential 25% listing gain above the upper price band of Rs 424. The subscription period runs until July 21, with share listing expected on July 24 on both NSE and BSE.

India's Indirect AI Play: Power, Data Centre Wealth

India's artificial intelligence boom is creating indirect investment opportunities in infrastructure, power generation, and capital goods sectors rather than direct AI companies. Foreign institutional investors are reallocating capital away from traditional large-cap stocks toward internet, consumer, and industrial segments that support the AI ecosystem expansion.

Five Nifty500 stocks close above VWAP, signaling bullish momentum

Five Nifty500 stocks—Graphite India, Star Health, Indian Energy Exchange, Apar Industries, and UPL—closed more than 1% above their volume-weighted average price (VWAP) on July 16, indicating bullish momentum. The move suggests positive market sentiment among traders tracking these securities.

IEX Among 5 Stocks Flashing Bullish RSI Crossover Signals

IEX has been identified among five stocks that have generated uptrend signals through bullish RSI crossovers, where the Relative Strength Index has crossed above the 50 level. The technical signal typically indicates strengthening momentum and is closely watched by momentum traders in the Indian market.

HCL Tech Expands Guardian Life Insurance Partnership with 7-Year Deal

HCL Tech has signed a seven-year agreement with Guardian Life Insurance to accelerate the insurer's AI-led digital transformation and modernization initiatives. The expanded partnership will focus on enhancing technology infrastructure, improving operational efficiency, and developing artificial intelligence-powered solutions to support Guardian's long-term growth objectives.

Alpine Texworld IPO allotment finalized; flat listing expected

Alpine Texworld's IPO allotment was completed today, with investors able to check their subscription status across BSE, NSE, and registrar portals. The Rs 126.25 crore issue, which received 1.40x subscription led by retail demand, is expected to list on July 21 with a grey market premium of approximately 1%, suggesting a muted market debut.

IIFL Finance, RR Kabel, UPL Flash Bullish Signals on Technical Scan

Three Nifty500 stocks—IIFL Finance, RR Kabel, and UPL—appeared on StockEdge's White Marubozu scanner on July 16, indicating strong buying momentum and sustained bullish sentiment throughout the trading session. The technical pattern suggests a possible uptrend for these equities.

Adani Enterprises Delivers Strong Monthly Performance

Adani Enterprises has demonstrated solid returns over the recent month, according to market updates. The stock's positive performance reflects investor confidence in the company's operational trajectory.

Caliber Mining raises Rs 135 crore from anchor investors ahead of IPO

Caliber Mining has completed its anchor book offering, allotting 31,83,961 equity shares to institutional investors including Abakkus and Helios at Rs 424 per share, the upper end of the IPO price band. The Rs 135-crore anchor allocation signals investor confidence ahead of the company's planned public market debut.

L&T Stock Falls 2.84% This Week Amid Market Volatility

Larsen & Toubro's share price has declined by 2.84% over the past week, according to market data from Indian exchanges. The decline reflects broader trading patterns in India's equity markets during the period.