Global markets remained cautiously optimistic despite escalating U.S.-Iran tensions, with Asian equities rallying, Gift Nifty advancing and FIIs turning strong net buyers. Investors now await TCS-led earnings, while mixed commodity trends, positive corporate developments, strategic block deals and fresh macro updates keep market participants focused on an eventful trading session.
1. Global Market Futures & Live Indices
As of 06:50 AM IST
US & European Markets (Futures)
| Index | Region | Change (%) |
| Nasdaq | US | +0.24% |
| Dow Jones | US | +0.07% |
| S&P 500 | US | +0.08% |
| FTSE 100 | Europe | +0.17% |
| CAC 40 | Europe | +0.34% |
| DAX | Europe | +0.79% |
Asian Markets (Live) & Gift Nifty
2. Institutional Trading Activity
Cash Market Segment — July 8, 2026
Foreign Institutional Investors (FIIs / FPIs): Net Buy of ₹1,962.80 crores
Domestic Institutional Investors (DIIs): Net Sell of ₹790.16 crores
3. Key Quarterly Results Today (July 9, 2026)
The following companies are scheduled to release their quarterly earnings reports today:
Tata Consultancy Services (TCS)
Anand Rathi Wealth
Asian Hotels (East)
Cupid Breweries and Distilleries
Eimco Elecon (India)
GM Breweries
Gujarat Hotels
Supreme Infrastructure India
4. Commodity Market Updates (Live)
Early trade reflects a mixed sentiment across international commodity markets:
Gold Futures: Up 0.04% at 4,084.20
Spot Gold (XAU/USD): Down 0.06% at 4,075.08
Silver: Up 0.05% at 58.570
Copper: Up 0.17% at 6.1282 (indicating steady industrial demand)
WTI Crude Oil: Up 1.29% at 74.47 (supported by supply-side optimism)
Brent Crude: Down 0.26% at 79.05
Natural Gas: Up 0.16% at 3.223
5. Key Corporate Updates
🟢 Positive Catalysts
State Bank of India (SBI): Mobilized over US$1.5 billion via offshore deposits. Additionally, the SBI Funds Management (SBIFM) IPO will open for public subscription from July 14–16, 2026 (Anchor bidding on July 13, 2026).
Phoenix Mills: Q1 retail portfolio consumption surged 32% YoY to ₹4,727 crore. Reported double-digit growth across most assets alongside healthy hotel RevPAR and robust office leasing (1.9 lakh sq. ft.).
Nimbus Projects: Reported strong Q1 FY27 pre-sales bookings of ₹1.57 billion (+134.31% YoY). Evaluating integrated township developments in Tier II & III cities.
Tata Steel: Q1 FY27 crude steel production in India stood at 5.82 million tonnes; production and deliveries increased YoY by 11.3% and 8.84% respectively.
JSW Energy: Commissioned 1,081 MW of renewable energy capacity since April 2026.
NALCO / NLC India: Signed a Joint Venture Agreement to build a 1,080 MW captive thermal power project to secure power supply for aluminium operations.
Ventive Hospitality: Acquired 100% stake in Kelzai Eco Reserves for ₹2.82 billion.
Innovision: Secured a Letter of Award (LoA) for a contract valued at ₹275.2 million.
E To E Transportation Infrastructure: Bagged an order worth ₹228.8 million.
IRB Infrastructure Trust: Reported 49% YoY growth in gross toll revenue for June 2026.
K.P. Energy: Commissioned a 50.4 MW wind power project at Vanki, Kutch (Gujarat).
Jain Resource Recycling: Commenced commercial production of copper anodes at its Gummidipoondi facility in Tamil Nadu.
TVS Motor: Partnered with Indian Oil Corporation Ltd. (IOCL) for sustainable last-mile LPG distribution solutions.
Wipro: Partnered with Procentia to modernize digital retirement administration solutions for insurers and pension providers.
🔴 Negative Catalysts
Reliance Anil Ambani Group: Enforcement Directorate (ED) searched a key employee and an associated entity, seizing incriminating documents regarding suspicious financial transactions.
Aditya Infotech: Avathon and SparkCognition initiated ICC arbitration proceedings against the company, seeking damages of US$5 million plus interest.
Graphite India: To shut down its Specialities and Coating divisions in Germany due to prolonged weak demand and impacts from the Russia-Ukraine conflict.
United Spirits: Ceasing manufacturing operations at its Hyderabad facility as part of a restructuring plan.
Magnus Steel and Infra: Managing Director Chinmay Pradhan has resigned.
🟡 Neutral / Restructuring Actions
Tanfac Industries: Reduced its proposed preferential issue size to ₹994.1 million (down from ₹1.73 billion).
CEAT: Approved an investment of up to ₹27.4 million into a subsidiary unit.
Reliance Industries: Dissolved its subsidiary, REC US Holdings, as part of corporate restructuring.
Shah Foods: Appointed Vikash Agarwal as CFO and Anuj Jalan as Chairman & Additional Managing Director for 3 years effective July 8, 2026.
UCAL: Re-appointed Jayakar Krishnamurthy as Chairman & MD for a five-year term starting September 2026.
Man Infraconstruction: Invested ₹13 million in equity shares of Yogayatan Paradip SOB Terminal.
Supra Pacific Financial Services: Reported a total principal outstanding loan portfolio of ₹3.46 billion as of June 30, 2026.
GSB Finance & HT Media: Respective boards to consider proposals for fundraising via equity/other modes.
RBL Bank: Board to consider fundraising via private placement of debt securities.
6. Bulk & Block Deals
Iware Supplychain Services
Buyer: Kedia Securities (backed by ace investor Vijay Kedia) acquired 4.99 lakh shares (4.3% stake) for ₹17.44 crore. This raises Vijay Kedia's total holding to 10.3%, making him the largest public shareholder. Getfive Opportunity Fund-I also bought a 0.86% stake.
Seller: Promoter Inter India Roadways liquidated a 6.12% stake worth ₹24.93 crore.
Capri Global Capital
Knack Packaging
7. Macroeconomic, Global & Fixed Income Trends
IMF Global Growth Forecast: Lowered the 2026 global GDP growth outlook to 3.0% (down from 3.1% in April) but raised the 2027 recovery forecast to 3.4% (up from 3.2%). Global inflation expectations remain largely well-anchored.
IMF South Korea Outlook: Raised South Korea’s 2026 GDP growth forecast by 0.7 percentage points on the back of strong AI hardware exports, while warning of downside risks if an AI sector correction occurs.
India Bond Yields: The benchmark 10-year government bond yield closed higher at 6.7636% (vs. previous close of 6.6958%), reflecting higher sovereign borrowing costs.
National Stock Exchange (NSE): Received regulatory approval from SEBI to launch Futures & Options (F&O) contracts linked to the Nifty India FPI 150 Index.
Airbus Outlook: Downgraded its 20-year global aviation outlook due to geopolitical tensions. Projected annual passenger traffic growth slowed to 3.9%, lowering total commercial jet delivery forecasts (2026-2045) to 42,060 units.
Stride Health / Integrity Partnership: Stride Health partnered with Integrity to scale personalized healthcare benefits and insurance marketplace offerings.
8. Primary Market (IPO) Status
On-going IPO Tracker
Kusumgar Ltd: Closing Date: July 10, 2026
Laser Power & Infra Ltd: Closing Date: July 13, 2026
Happy Steels Ltd (NSE SME): Closing Date: July 13, 2026
Devson Catalyst Ltd (BSE SME): Closing Date: July 13, 2026
Upcoming IPOs
9. Stock Exchanges Corporate Action Alerts
Ex-Dividend Stocks (July 9, 2026)
The following equities trade ex-dividend today:
Securities Under F&O Ban Period
Sources: WOWNEWS24X7, Moneycontrol, Investing.com
