FOMO TO FMA - Markets Eye Earnings Wave Amid Global Optimism; Rising Oil and Institutional Selling Shape Investor Sentiment

1. Global Market Futures & Live Indices (07:25 AM IST)

2. Institutional Activity (Cash Market - July 22, 2026)

• Foreign Institutional Investors (FIIs / FPIs): Net Sell of ₹819.20 crore

• Domestic Institutional Investors (DIIs): Net Sell of ₹418.26 crore

• Total Net Institutional Outflow: ₹1,237.46 crore

3. Commodity Market Updates (Live)

Energy prices advanced on supply and geopolitical concerns, while precious metals experienced profit-booking.

• Energy:

  • Brent Crude: $95.73/bbl (+1.94%)

  • WTI Crude: $88.07/bbl (+1.43%)

  • Natural Gas: $2.954 (+0.44%)

• Precious Metals:

  • Gold: $4,123.80 (-0.68%) | Spot XAU/USD: $4,121.31 (-0.21%)

  • Silver: $59.865 (-0.72%)

• Industrial Metals:

  • Copper: $6.5073 (+0.24%)

4. Key Corporate Updates

Positive Developments

• Aluwind Infra-Tech: Board approved new business lines in façade solutions and solar energy.

• Bhageria Industries: Q1 consolidated revenue at ₹286 crore; net profit at ₹34.15 crore.

• CIE Automotive India: Q1 consolidated revenue at ₹2,621 crore; net profit at ₹236 crore.

• EbixCash World Money: Received RBI approval for trade-remittance operations.

• Eternal (Blinkit): Expects profitability at the upper end of guidance due to improved efficiency.

• Gandhar Oil Refinery India: Q1 revenue at ₹1,732 crore; net profit at ₹192 crore. Declared ₹2/share dividend.

• Godrej Consumer Products: Invested ₹200 crore in Godrej Pet Care via a rights issue on July 22, 2026.

• HCLTech: Selected by TIM Brasil to develop cross-platform eSIM transfer capabilities.

• HEG: Consolidated revenue at ₹681 crore; net profit at ₹122 crore.

• IIFL Finance: Consolidated revenue at ₹3,919 crore; net profit at ₹675 crore.

• IJTI Asset Management Company: Q1 revenue at ₹584 crore; net profit at ₹294 crore.

• Indo SMC: Secured an order worth ₹66.6 crore for variable-frequency-drive panels.

• IndusInd Bank: Q1 net profit rose to ₹1,003 crore with NII at ₹4,685 crore, NIM at 3.57%, and Gross NPA at 3.25%.

• IndusInd Bank (Fundraising & Expansion): Approved raising up to ₹20,000 crore. Plans to expand workforce, invest in AI, and attract FCNR(B) deposits.

• Inox Green Energy Services: Board approved fundraising up to ₹600 crore.

• Innovision: Clarified winning a contract worth ₹97.3 crore (₹973 million, not billion).

• Kanco Tea & Industries: Water levels receded at Mackeypore (resumed operations July 21) and Bamonpookrie estates.

• Nippon Life India AMC: Q1 revenue at ₹767 crore; net profit at ₹504 crore.

• NTPC Green Energy: Q1 revenue at ₹1,107 crore; net profit at ₹305 crore. Approved up to ₹29 lakh investment in AP NGEL Harit Amrit.

• Oracle Financial Services Software: Q1 revenue at ₹3,125 crore; net profit at ₹1,416 crore.

• Rajputana Biodiesel: Received IOCL Letter of Intent for 900 KL biodiesel supply worth ₹8.37 crore at Panipat.

• Saatvik Green Energy: Subsidiary bagged an order worth ₹138 crore.

• Saregama India: Acquired additional shares in Pocket Aces for ₹20.05 crore, taking stake to 95.76%.

• Schaeffler India: Q1 revenue at ₹2,761 crore; net profit at ₹326 crore.

• Sejal Glass: UAE subsidiary bagged orders worth ₹71 crore.

• SignatureGlobal India: Subsidiary acquired ~3.8 lakh sq. ft. space in Signature Global Sarvam, Gurugram.

• Sona BLW Precision Forgings: Formed JV with Denso Corporation (₹53.5 crore investment) and approved transfer of EV business to Sona Comstar Edrive for ₹893 crore.

• Sun TV Network: Subsidiary Sunrisers Leeds approved a bonus issue of 99,999 shares to Sun TV.

• Tanla Platforms: Consolidated revenue at ₹1,226 crore; net profit at ₹142 crore.

• Trishakti Industries: Announced expansion into UAE and Saudi Arabia.

• TVS Motor: Launched TVS Raider motorcycle in Egypt.

• UCO Bank: Q1 net profit stood at ₹656 crore, interest earned at ₹6,996 crore, NIM at 3.05%, and Gross NPA at 2.08%.

• United Spirits: Acquired a 10.08% stake in Nuvola Spirits for ₹2.69 crore. Reported Q1 revenue of ₹6,113 crore and net profit of ₹391 crore.

• Waaree Energies: Secured an order for 125 MW solar modules.

• Waaree Renewable Technologies: Q1 revenue at ₹924 crore; net profit at ₹116 crore.

• Waterways Leisure Tourism: Q1 revenue at ₹190 crore; net profit at ₹22.77 crore.

Negative Developments

• Dr. Reddy’s Laboratories: Q1 net profit dropped to ₹444 crore (vs. ₹722 crore estimate) on revenue of ₹8,100 crore. Impacted by a ₹240 crore semaglutide API charge, higher freight costs, and solvent prices. Root cause under investigation with findings due in September.

• Hindustan Petroleum Corporation (HPCL): Reported first quarterly net loss since 2022 at ₹11,526 crore due to elevated crude prices, despite product sales reaching ₹1.45 lakh crore.

• India Cements: Received demand notices of ₹18.95 crore for environmental compliance issues. Average GRM for Q1 stood at $23.80/bbl.

• NHPC: Tunnel blast death toll rose to 13.

• Shoppers Stop: Reported a consolidated net loss of ₹14.25 crore on revenue of ₹1,291 crore, despite strong demand for premium products.

• Vedanta Oil and Gas: Delhi High Court dismissed its writ petition against the Ministry of Petroleum and DGH.

Neutral & Management Updates

• Bharat Petroleum Corporation (BPCL): Reported Q1 Gross Refining Margin (GRM) of $41.41/bbl.

• Dr. Reddy’s Laboratories (Outlook): Maintained FY guidance and double-digit domestic growth outlook. Planned FY CapEx at ~₹1,800 crore. Launched generic semaglutide in India with plans for full relaunch by November. Monitoring potential US tariff impacts.

• ICICI Bank / IDFC First Bank: Board to consider proposals for fundraising via equity or debt.

• IndusInd Bank: Provisions and contingencies for Q1 stood at ₹1,340 crore.

• Oracle Financial Services Software: Appointed Avadhut Ketkar as MD & CEO and Manish Bhandari as CFO, following Makarand Padalkar’s resignation.

• Praveg: Approved preferential issue of up to 8,33,700 shares on inter-corporate loan conversion.

• Resignations: Revati Raman Sharma (CFO, Safe-Cure Services), Shyam Sundar Somani (CFO, Supershakti Metaliks), Hiren Kothari (CFO, Trio Mercantile), Deepak Ratilal Mehta (MD, Trio Mercantile).

• Syrma SGS Technology: Considering fundraising via Qualified Institutional Placement (QIP).

• UCO Bank: Provisions for NPAs stood at ₹254 crore; total provisions at ₹235 crore.

• Vedanta Oil and Gas: Filed a Letters Patent Appeal before the Division Bench of the Delhi High Court.

5. Major Earnings Scheduled Today

Key companies announcing quarterly earnings on July 23, 2026:

• Large Cap & Key Names: Infosys, InterGlobe Aviation (IndiGo), Cipla, Mphasis, PVR Inox, Sona BLW Precision Forgings

• Financials & Banking: Motilal Oswal Financial Services, Spandana Sphoorty Financial, Suryoday Small Finance Bank, Ujjivan Small Finance Bank

• Energy, Infra & Others: Meesh, Chennai Petroleum Corporation, Cyient, Indian Energy Exchange (IEX), International Gemological Institute, Mahindra Lifespace Developers, Novartis India, Thyrocare Technologies, Vishal Mega Mart

6. Macro, Foreign & Regulatory Updates

• Geopolitics & Global Growth: World Bank Chief Economist warned that escalating Middle East conflict could reduce 2026 global GDP growth to 1.3%.

• India-China Relations: Chinese FM Wang Yi reiterated readiness to boost economic ties and support India’s hosting of the 2026 BRICS Summit. External Affairs Minister S. Jaishankar reaffirmed India's position regarding Taiwan and Xizang.

• RBI & Domestic Macro:

  • Currency in Circulation rose ₹3,081 crore to ₹42.98 lakh crore (+12.4% YoY).

  • RBI net sold $6.1 billion in May spot markets; outstanding forward sales stood at $106.66 billion.

  • Forex reserves remain healthy with >10 months of import cover.

  • India 10-year benchmark bond yield closed slightly higher at 6.8012%.

• Trade & Exports: US FDA increased salmonella screening on Indian moringa powder imports. A potential India-US trade deal could be signed within 3-4 months.

• SEBI Orders: Issued adjudication orders regarding Eastern Financiers Ltd, Axis Mutual Fund front-running (Pace Stock Broking), and select investment advisers.

• Other Markets: Palm oil futures rose on El Niño supply concerns; Temasek is evaluating investments linked to the IPL.

7. Primary Market (IPO) & Corporate Actions

Active & Upcoming IPOs

• IPO Listing Today: Sotefin Bharat (BSE SME)

Ex-Dividend Stocks (July 23, 2026)

• Afcons Infrastructure, Oberoi Realty, Pidilite Industries, ABM Knowledgeware, Banswara Syntex, Bhansali Engineering Polymers, Bhagiradha Chemicals, D B Corp, Esab India, ICRA, Mangalam Worldwide, Oriental Hotels, Paushak, Precision Camshafts, Sudeep Pharma.

F&O Ban List Today

• KAYNES

Sources: WOWNEWS24X7, Moneycontrol, Investing.com