Global cues remained mixed, with Gift Nifty indicating a cautious start as FIIs sold and DIIs provided support. Strong banking earnings, Reliance’s expansion plans and multiple corporate orders lifted sentiment. Crude oil surged on supply concerns, while gold and silver weakened. Investors now await key quarterly results and IPO developments.
Global Market Overview (As of 07:20 AM IST)
US & European Futures
Global indices display mixed momentum early in the session, with European markets ticking slightly downward while US futures remain mixed.
| Index | Region | Movement |
| Nasdaq | US (Futures) | +0.12% |
| S&P 500 | US (Futures) | -0.01% |
| Dow Jones | US (Futures) | -0.05% |
| CAC 40 | Europe (Futures) | +0.22% |
| DAX | Europe (Futures) | +0.13% |
| FTSE 100 | Europe (Futures) | -0.22% |
Live Asian & Australian Markets
Asian markets exhibit diverging trends, marked by strong gains in Shanghai and Hong Kong against a sharp correction in South Korea.
Market Note: Markets in Japan are closed today observing a public holiday for Marine Day.
Institutional Trading Activity (July 17, 2026)
Cash market segment flows indicate persistent net selling from foreign institutional investors, countered by domestic institutional buying.
Foreign Institutional Investors (FIIs / FPIs): Net Sell of ₹376.41 crores
Domestic Institutional Investors (DIIs): Net Buy of ₹1,017.89 crores
Key Quarterly Earnings Today
UltraTech Cement, One 97 Communications (Paytm), Bajaj Healthcare, BlueStone Jewellery and Lifestyle, Canara HSBC Life Insurance Company, Indian Overseas Bank, Mahindra Logistics, Rallis India, Shyam Metalics and Energy, Sobha, Transformers and Rectifiers (India), Tourism Finance Corporation of India, Venus Remedies
Commodity Market Updates (Live)
International commodity segments experienced mixed traction. Energy values extended gains on supply concerns, while precious metals cooled off due to profit booking.
Brent Crude: $90.47 per barrel (+2.69%)
WTI Crude: $83.83 per barrel (+2.51%)
Gold: 4,005.35 (-2.30%)
Spot Gold (XAU/USD): -0.42%
Silver: -4.99% (sharpest decline among major assets)
Natural Gas: -0.79%
Copper: -0.04% (flat)
Vegetable Oils: Palm oil prices tracked weaker Dalian edible oil futures but maintained a second consecutive weekly gain.
Key Corporate Updates
Positive Catalysts
Axis Bank: Strong Q1 FY27 standalone net profit surged 22.5% YoY to ₹7,113.9 crore (vs. ₹5,806.1 crore). Net interest income (NII) grew 8% to ₹14,646.1 crore. Provisions fell 43.7% to ₹2,222.5 crore. Asset quality showed a minor shift with Gross NPA at 1.28% (vs 1.23% QoQ) and Net NPA at 0.39% (vs 0.37% QoQ).
HDFC Bank: Steady Q1 FY27 standalone net profit increased 5% YoY to ₹19,059.7 crore (vs. ₹18,155.2 crore). NII expanded 6.7% to ₹33,534 crore. Provisions saw a steep 78.8% decline to ₹3,059.8 crore. Gross NPA rose slightly to 1.17% (vs 1.15% QoQ), and Net NPA edged up to 0.41% (vs 0.38% QoQ).
ICICI Bank: Strong performance for Q1 FY27 with net profit increasing 15.9% YoY to ₹14,804.5 crore. NII expanded 12.7% to ₹24,384.4 crore, while provisions declined 30.5% to ₹1,260.5 crore. Gross NPA improved to 1.38% (vs 1.40% QoQ), while Net NPA ticked up slightly to 0.35% (vs 0.33% QoQ).
JSW Steel: Management stated that domestic steel demand is expected to grow 7–9% going forward, indicating a constructive demand outlook for the Indian steel sector.
Kotak Mahindra Bank: Net profit surged 25.6% YoY to ₹4,123 crore for Q1 FY27. NII moved up 9.2% to ₹7,928.4 crore while provisions dropped 44.7% to ₹668.1 crore. Gross NPA improved to 1.18% (vs 1.20% QoQ) with Net NPA slightly up at 0.27%.
Punjab National Bank (PNB): Outperformed expectations with Q1 FY27 standalone net profit skyrocketing 213.6% YoY to ₹5,253.3 crore. NII climbed 2.1% to ₹10,798.4 crore. Tax expenses fell 66% to ₹1,724.7 crore. Gross NPA reduced to 2.78% (vs 2.95% QoQ) and Net NPA dropped to 0.28% (vs 0.29% QoQ).
Reliance Industries (RIL): Q1 consolidated operational revenue stood at ₹3.12 trillion. Jio's ARPU improved to ₹215.6. Key plans focus on increasing petrochemical output, adding three Very Large Ethane Carriers, scaling Reliance Retail e-commerce, opening food parks in Australia/Africa, progressing new energy setups, and advancing the Jio IPO value unlock.
Aditya Birla Capital: Injected ₹4.84 billion into Aditya Birla Sun Life Insurance to fund capacity expansion.
Ahasolar Technologies: Bagged a clean energy advisory consultancy order from Coal India worth over ₹3.5 million for a 187.5 MW/750 MWh BESS project.
Amwill Health Care: Re-appointed Anand Gandhi and Tarun Gandhi as Managing Directors for 5 years starting January 2027.
ARSS Infrastructure Projects: Won an infrastructure order totaling ₹526.58 million.
Artson: Secured a Letter of Intent (LoI) for a project worth ₹146.3 million.
Authum Investment & Infrastructure: Received NCLT Mumbai approval to acquire Creatoz Builders.
GAIL: Tied up with KABIL via an MoU to explore and secure strategic minerals overseas.
HCLTech: Established a new Global Technology Center in GIFT City, Gujarat.
Indian Emulsifiers: Clinched an international export order worth around US$700,621.
Jindal Worldwide: Subsidiary Jindal Mobilitric is launching commercial operations in the EV sector.
Jammu & Kashmir Bank: Divested its entire 10.25 million shareholding in PNB MetLife to MetLife International Holdings for ₹1.20 billion.
Kolte-Patil Developers: Recorded improved average realizations of ₹9,442 per sq. ft. in Q1 FY27.
Lal PathLabs: Received a favorable tax ruling permitting a deduction of ₹326.6 million for ESOP expenses.
Munish Forge: Bagged a Ministry of Defence contract worth ₹79.7 million.
NDTV: Confirmed the acquisition of the "Goodtimes" channel will close within three months.
NIIT Learning Systems: Approved the internal corporate merger of StackRoute Learning into NIIT USA.
Nutricircle: Signed an MoU with the Tripura government mapping out a ₹1.0–1.3 billion investment.
Oberoi Realty: Declared a ₹2 per share interim dividend; Q1 revenue reached ₹13.01 billion with a net profit of ₹5.44 billion.
OM Infra: Indicated as the lowest bidder (L1) for a Rajasthan water project worth ₹4.82 billion.
Paisalo Digital: Maintained fundraising flexibility by approving NCD issuances up to ₹9 billion.
Power Grid Corp: Declared successful bidder for the ISTS project at Fatehgarh-II.
Poonawalla Fincorp: Generated consolidated revenue of ₹23.3 billion with a net profit of ₹3.08 billion for Q1.
Sterlite Technologies: Rolled out its "CONCAT" advanced FTTH broadband solution in the United States.
Tatva Chintan Pharma Chem: Approved a Dahej-III facility expansion; Q1 revenue stood at ₹1.67 billion with a net profit of ₹159.8 million. Chintan Nitinkumar Shah was re-appointed as MD for 3 years.
Tata Technologies: Reported a steady Q1 performance with revenue at ₹16.65 billion and net profit at ₹1.81 billion.
TurtleMint Fintech Solutions: March quarter revenue checked in at ₹3.57 billion with a net profit of ₹31.2 million.
Negative Catalysts
JSW Steel: Management indicated that coking coal costs are expected to increase by US$12–15 per tonne in Q2. This follows a Q1 expansion where coking coal prices rose by US$17 per tonne, exceeding the company's earlier estimate of US$15 per tonne and indicating continued cost pressure on margins.
RBL Bank: Elevated provisions and credit costs of ₹5.99 billion pressured margins despite a net profit of ₹2.54 billion. NIM stood at 4.13% and Gross NPA was 1.3%.
ACME Solar Holdings: A fire at its Pokhran BESS facility impacted 4 Power Conversion Systems. The financial impact is limited, estimated at around ₹2 million.
Mizzen Ventures: Board cancelled its previously structured ₹100 million preferential equity issue.
Muthoot Finance: Fined ₹580,000 by the RBI due to compliance gaps in its Anti-Money Laundering framework.
Pfizer: Halted Premarin Vaginal Cream distribution in India temporarily due to supply chain restrictions.
RailTel Corporation: Terminated its ongoing contract with 3i Infotech, which has triggered subsequent arbitration proceedings.
Rama Steel Tubes: Agreed to sell its Sahibabad production unit for ₹267.5 million to optimize assets.
SpiceJet: Fined ₹100,000 by the Central Consumer Protection Authority (CCPA) over the alleged integration of dark patterns inside its web booking architecture.
Suraj Products: Began a scheduled 30-day maintenance shutdown at its primary power plant.
Neutral Updates
Federal Bank: Approved fundraising up to ₹100 billion through debt instruments.
RBL Bank: Approved an enabling resolution to raise up to ₹100 billion via debt issuance.
NTPC: Will consider issuing NCDs valued up to ₹120 billion for capital expenditure.
Omega Interactive Technologies: Board will evaluate raising up to ₹32 billion via equity or related options.
Mihika Industries: Authorized a Rights Issue worth up to ₹900 million.
Reliance Industries: Net debt stood at ₹1.23 trillion as of June 30, 2026, on account of ongoing aggressive rollouts.
Smartworks Coworking: Intends to deploy ₹350 million toward expanding its total co-working footprint.
Cholamandalam Investment & Finance: Board to review an upcoming NCD issuance proposal.
Inox Green Energy Services: Board scheduled to review a growth-oriented capital fundraising layout.
Neogen Chemicals: Shifted critical manufacturing loads to alternative plants while expanding its Patancheru unit to keep distribution stable.
Oxford Industries: Appointed Saroj Kumar Choudhury as Chief Financial Officer.
Secur Credentials: Appointed Ashish Ramesh Mahendrakar as Managing Director.
Macro & Regulatory Framework
Sovereign Yields: India’s benchmark 10-year government bond yield closed up at 6.7799% against its prior close of 6.7478%.
State & Central Borrowings: 12 Indian states will look to raise ₹217 billion via state development loans on July 21. The Central Government will auction Treasury Bills worth ₹240 billion on July 22 (₹90B 91-day, ₹80B 182-day, and ₹70B 364-day).
Forex & Gold Reserves: RBI data showed FX reserves grew to US$675.16 billion (up from US$674.19 billion) for the week ending July 10, while total gold reserves rose to US$105.23 billion.
Core Industry Index (ICI): The revised Index of Core Industries, structured with the updated 2022-23 base year, releases on July 20, 2026, phasing out the old 2011-12 base.
MakeMyTrip IPO: Indian subsidiary MMT India has filed a confidential pre-filed DRHP with SEBI, NSE, and BSE. The offer includes equity dilution by MakeMyTrip and Ibibo Group Holdings.
RBI Liquidity Management: The central bank announced a 7-day Variable Rate Repo (VRR) auction of ₹1.25 trillion via the LAF window on July 20 to adjust banking liquidity.
Special Rupee Vostro Accounts (SRVA): RBI shared definitive operational rules for SRVAs. Authorized Dealer banks can open these for foreign banking channels to clear cross-border trade transactions in INR.
Central Government Loans: RBI reported the Central Government had zero outstanding loans against the central bank window as of July 10, 2026.
RBI Fine Disclosures: Regulatory penalties were slapped against Satya MicroCapital, Pan Emami Cosmed, Dhani Loans and Services, Muthoot Vehicle and Asset Finance, Avail Financial Services, and Muthoot Finance. Directives were also specified for Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank.
SEBI Market Reforms: SEBI eased the mutual fund transmission claim workflow for nominee claims and expanded standard standing instructions for SWP and STP plans across demat-held mutual fund accounts. An adjudication order was passed concerning Sonia Chadha in a BSE illiquid stock options case.
Deal Tracker & Corporate Actions
Bulk & Block Deals
Landmark Cars
Helios Mutual Fund acquired 2.45 lakh shares, representing a 0.59% stake, in luxury car retailer Landmark Cars through a block deal. The transaction accumulated a total value of ₹12.79 crore, with the shares being purchased at an average price of ₹520.28 per share.
ZF Commercial Vehicle Control Systems India
Axis Mutual Fund executed a major block deal exit by selling 5.94 lakh shares, equivalent to a 0.5% stake, in the company. The transaction was valued at ₹138.4 crore, with the offloaded shares priced at an average of ₹2,330.03 apiece.
Updater Services
SIS actively increased its positioning in the company by acquiring 6.53 lakh shares (0.97% stake) for ₹12.66 crore at ₹193.71 per share, scaling its holding up from the 4.88% reported in June 2026. Conversely, East Bridge Capital Master Fund I nearly liquidated its entire investment in the firm, selling 8.17 lakh shares for a total of ₹15.8 crore at an average price of ₹193.27 per share.
Rappid Valves (India)
Aegis Investment Fund emerged as a notable buyer, acquiring 2.06 lakh shares (3.97% stake) in Rappid Valves for ₹6.77 crore at ₹328.40 per share. On the sell side, Maharashtra Defence and Aerospace Venture Fund offloaded 1.45 lakh shares (2.79% stake) for ₹4.7 crore, while individual investor Ashok Kumar Dhariwal liquidated 37,200 shares valued at ₹1.25 crore.
Primary Market Pipeline (IPOs)
Sotefin Bharat Ltd (BSE SME): Closes today, July 20.
Caliber Mining and Logistics Ltd: Closes tomorrow, July 21.
Metalic Technoforge Limited (NSE SME): Open from July 21 to July 23.
Corporate Adjustments (July 20, 2026)
Ex-Dividend: Aditya Infotech, Acceleratebs India, Fairchem Organics, Graphite India, Happy Forgings, KPR Mill, NDR Auto Components, Nelcast, NESCO, Pokarna, Quest Capital Markets, SPR Auto Technologies.
Ex-Split: Simplex Castings Ltd (Face Value split from ₹10/- to ₹2/-).
Ex-Interest Payment: 743GS2076 Sovereign Government Security.
F&O Ban List: KAYNES.
Source: WOWNEWS24X7, Moneycontrol, Investing.com
