Global markets traded sharply lower, while Gift Nifty remained nearly flat amid heavy FII selling and strong DII support. Reliance Industries and other major companies headline today’s earnings calendar. Crude oil gained, silver weakened, corporate updates remained mixed, and investors monitored RBI measures, block deals, IPOs and upcoming bank results.
1. Global Market Futures & Live Indices (07:30 AM IST)
Global sentiment is highly risk-off today, led by a sharp correction in major Asian markets.
US & European Markets (Futures)
| Index | Value / Change |
| Nasdaq Futures | -0.88% |
| Dow Jones Futures | -0.52% |
| S&P 500 Futures | -0.53% |
| FTSE 100 Futures | -0.28% |
| CAC 40 Futures | -0.29% |
| DAX Futures | -0.54% |
Asian Markets (Live) & Gift Nifty
| Index / Contract | Value / Change |
| NIKKEI 225 (Japan) | -4.01% |
| TAIEX (Taiwan) | -3.86% |
| Hang Seng (Hong Kong) | -0.96% |
| SSEC (Shanghai) | -0.75% |
| Straits Times (Singapore) | -0.55% |
| ASX 200 (Australia) | -0.87% |
| Gift Nifty | 24,093.50 (-0.01%) |
Market Note: South Korea markets are closed today observing a Trading Holiday on account of Constitution Day.
2. Institutional Activity (Cash Market - July 16, 2026)
Foreign Portfolio Investors (FPIs) continued their selling streak, while Domestic Institutional Investors (DIIs) sustained their role as buyers supporting the index.
FIIs / FPIs: Net Sell of ₹4,205.56 crores
DIIs: Net Buy of ₹2,986.41 crores
3. Key Quarterly Earnings Calendar
Results Today (July 17, 2026): Reliance Industries, JSW Steel, Central Bank of India, Federal Bank, Tata Technologies, Poonawalla Fincorp, RBL Bank, Havells India, Globus Spirits, Oberoi Realty, Tatva Chintan Pharma Chem, Turtlemint Fintech Solutions, Vivimed Labs
Results on July 18, 2026: HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Punjab National Bank, Axis Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Bhansali Engineering Polymers, Can Fin Homes, India Cements, JK Cement, Rossari Biotech
4. Commodity Market Updates (Live)
International commodity markets traded mixed in early activity. Gold futures eased 0.18% to 3,984.80, while spot XAU/USD edged 0.11% higher to 3,981.03, indicating limited directional movement in bullion. Silver underperformed sharply, falling 1.49% to 55.350, while copper declined 0.51% to 6.2505, reflecting pressure across industrial metals.
Energy commodities were relatively stronger, with WTI crude oil rising 1.13% to 79.84 and Brent crude gaining 0.20% to 85.10, signalling firm buying interest in oil contracts. Natural gas, however, slipped 0.24% to 2.887. Overall, crude oil led the gains, while silver recorded the steepest decline among the major commodities.
5. Key Corporate Actions & News Updates
Positive 🟢
Admachi Systems: Received an order worth ₹2.96 crore for the supply of two non-destructive testing machines.
Ajmera Realty & Infra India: Reported Q1 FY27 sales value of ₹146 crore, registering 35% year-on-year growth, while collections stood at ₹173 crore.
Andhra Sugars: Commissioned a 1.5 MW captive solar power plant at its manufacturing facility in Tanuku, Andhra Pradesh, strengthening its renewable energy capabilities.
Atishay: Secured a work order valued at ₹49 lakh.
Borosil Renewables: Reported consolidated revenue from operations of ₹405 crore and net profit of ₹86.84 crore for the June quarter.
Brooks Laboratories: Entered into a binding memorandum of understanding with Steriscience Specialties and Brooks Steriscience.
Clean Science and Technology: Its subsidiary entered into a long-term strategic collaboration with Gene-US Chem AG.
Coal India: Commissioned 200 MW of solar power capacity from its planned 300 MW solar power project at Khavda, Gujarat.
Gallard Steel: Secured a letter of intent for industrial land in Indore for a total consideration of ₹7.02 crore.
Ganesh Benzoplast: The National Company Law Appellate Tribunal dismissed Progfin’s appeal seeking initiation of insolvency proceedings against the company.
Hathway Cable and Datacom: Reported consolidated June-quarter revenue from operations of ₹565 crore and net profit of ₹24.5 crore.
Havells India: Approved an investment of approximately ₹255 crore to further expand cable manufacturing capacity at its Tumakuru facility.
HCL Technologies: Signed an expanded partnership with Guardian Life Insurance Company of America for AI-powered modernisation across technology and operations. The seven-year agreement includes the acquisition of Guardian India for $10.5 million and the transition of around 2,000 employees to HCLTech.
Heritage Foods: Reported consolidated June-quarter revenue from operations of ₹1,338 crore and net profit of ₹25.22 crore. The company will acquire the remaining 5.60% stake in Heritage Novandie Foods and an additional stake in Peanutbutter and Jelly for ₹7.2 crore.
Hexaware Technologies: Partnered with Factory to bring agent-native software development capabilities to global enterprise clients.
Jayesh Logistics: Secured a contract valued at ₹11.2 crore.
Jio Financial Services: Reported consolidated Q1 revenue from operations of ₹2,004 crore and net profit of ₹830 crore.
Muthoot Capital Services: Reported quarterly revenue from operations of ₹156 crore and profit of ₹8.12 crore.
Newgen Software Technologies: Reported Q1 FY27 revenue of ₹357 crore, reflecting 11% year-on-year growth. Profit after tax also increased year-on-year, though the profit amount and growth rate were not specified in the provided update.
Osel Devices: Entered into an original equipment manufacturer cooperation agreement with Colorlight Cloud Technology.
Oswal Overseas: Reached an amicable settlement with L H Sugar Factories.
Piramal Finance: Reported June-quarter revenue from operations of ₹3,409 crore and net profit of ₹439 crore. The board also approved fundraising of up to ₹4,000 crore.
PNB Gilts: Reported June-quarter revenue from operations of ₹454 crore and profit of ₹80.69 crore.
Sadhav Shipping: Secured a contract valued at ₹18.07 crore.
Sansera Engineering: Entered into a final settlement agreement with Metaldyne Powertrain Components and will pay $2 million by July 30, 2026. The company expects its financial exposure to be mitigated through insurance coverage.
Servotech Renewable Power System: Secured a 900-kW hybrid solar rooftop project with battery energy storage from the Uttar Pradesh State Rural Livelihood Mission, Government of Uttar Pradesh.
Suraj Industries: Executed a franchise tie-up agreement with Vintage Distillers on July 16, 2026, covering the bottling and packaging of liquor at its Ajmer, Rajasthan facility.
Tamilnad Mercantile Bank: The Delhi tribunal reduced the bank’s tax penalty from ₹17 crore to ₹3.4 crore.
Tech Mahindra: Reported Q1 consolidated revenue of ₹15,712 crore, above the ₹15,476 crore estimate, while net profit of ₹1,465 crore was below the ₹1,563 crore estimate. New deal wins stood at $1.078 billion. Management continues to invest in AI capabilities, talent and platform ecosystems while identifying opportunities in vendor consolidation and AI-led discretionary spending.
Time Technoplast: Supplied Type-IV composite LPG cylinders to Hindustan Petroleum Corporation for a pilot project involving Swiggy.
Negative 🔴
Alok Industries: Reported consolidated June-quarter revenue from operations of ₹993 crore and a net loss of ₹138 crore.
ASK Automotive: Received a tax demand of ₹1.07 crore, including GST, interest and penalty.
Gland Pharma: Received a tax order of ₹3.53 crore along with an equivalent penalty of ₹3.53 crore.
Mangalam Drugs and Organics: Defaulted on loan obligations owed to Bank of Baroda and Bank of Maharashtra.
Maruti Suzuki: Received an order from the District Consumer Disputes Redressal Commission, Raipur, directing it to replace a customer’s vehicle with a new E20-compatible vehicle. The company said evidence of fuel contamination and other relevant facts were not reflected in the order and plans to challenge it.
Shah Metacorp: Chief Executive Officer Viral Mukundbhai Shah resigned from his position effective July 20, 2026.
Sky Gold and Diamonds: A subsidiary suffered a ₹10.7 crore loss due to a fraud incident. The company said there was no indication of any breach involving its IT systems, customer data or employee databases.
WeWork India Management: Reported consolidated June-quarter revenue from operations of ₹684 crore and a net loss of ₹4.31 crore.
Wipro: Reported Q1 consolidated revenue of ₹24,479 crore, below the ₹24,776 crore estimate, while net profit of ₹3,352 crore also missed the ₹3,442 crore estimate. Its US-listed shares fell 2.2% in pre-market trading following the revenue miss. Management cited weakness in the Americas due to client-specific issues and healthcare technology spending cuts, continued client uncertainty and potentially uneven short-term AI expenditure.
Neutral / Key Management Updates ⚪
7NR Retail: Appointed Hit Shah as Managing Director after Chetan Kumar Ojha resigned as Managing Director-cum-Chairperson effective July 16, 2026.
AU Small Finance Bank: Appointed Amol Padhye as Chief Risk Officer-designate, with effect from September 1, 2026.
CEAT: Reported consolidated Q1 revenue from operations of ₹4,318 crore but net profit of only ₹4 crore. The West Asia crisis led to raw-material inflation and weighed on gross and operating margins, with elevated input costs expected to persist in Q2. The company has implemented cumulative price increases of 5% and will continue balancing pricing actions with cost prudence. Approved a ₹1,205 crore capacity expansion to add 53,000 tyres per day by the end of FY31.
Gabriel India: The board will consider raising capital through the issuance of equity shares or other securities.
Geetanjali Credit and Capital: Approved fundraising of up to ₹90 crore through a rights issue.
IRCTC: Rahul Himalian was given additional charge as Chairman and Managing Director effective July 20, 2026.
Kabra Commercial: Rajesh Kumar Kabra resigned as Managing Director effective July 6, 2026.
KFin Technologies: Approved a further capital infusion of $2 million into its Singapore subsidiary, KFin Technologies Singapore.
Mahan Industries: Approved the issuance of 2.17 crore convertible warrants aggregating ₹25.99 crore and a preferential share issue totalling ₹3.84 crore.
Mahindra EPC Irrigation: Appointed Rajeev Goyal as Chairman of the board effective July 16, 2026.
PC Jeweller: Plans to raise up to ₹1,000 crore through a qualified institutional placement.
Powerica: Disclosed that its board had approved an investment of ₹3 crore in Fuji-Kailash Energy on April 21, 2026.
Premier Energies: Incorporated a subsidiary named Premier Battery Technologies.
Pro CLB Global: The board will consider fundraising through a further public offer or other permissible modes.
South Indian Bank: Approved the appointment of Mahesh Muralidhar Pai as Managing Director and Chief Executive Officer effective October 1, 2026.
TCC Concept: The board will consider a subdivision or split of the company’s equity shares.
Wipro (Operational Outlook): Recorded Q1 total bookings of $3.37 billion and declared a dividend of ₹2 per share. The company expects Q2 FY27 IT services revenue of $2.574–2.627 billion. Management said the deal pipeline remains healthy, with demand centred on cost optimisation, vendor consolidation, UK and Nordic markets, and improving banking momentum.
Wipro – AI Strategy: The company plans to invest in an AI-native business unit, build small language models and partner with frontier AI companies such as Anthropic and OpenAI. It will also design and implement data-centre and sovereign-AI solutions, although near-term investments may cause some margin volatility.
6. Macro, Non-Corporate, Unlisted & Foreign Stocks
Financial Inclusion Index: The Reserve Bank of India released its Financial Inclusion Index for March 2026.
Government Bonds: Indian government bonds gained as stable crude-oil prices and easing concerns over further US interest-rate increases supported sentiment. The benchmark 10-year government bond yield closed at 6.7478%, compared with the previous close of 6.7738%.
Indian Equity Market: Indian equities ended broadly flat as gains in information technology stocks offset weakness in financial shares, while investors continued monitoring developments in the Middle East.
Reserve Bank of India – Liquidity: The RBI announced a three-day variable-rate repo auction under the Liquidity Adjustment Facility for ₹75,000 crore on July 17, 2026.
Reserve Bank of India – Regulatory Directions: The central bank issued prudential norms governing specified non-financial assets acquired by regulated entities. In tandem, the RBI issued amendments to stressed-asset resolution directions, as well as amended income-recognition, asset-classification, and provisioning directions. These apply to commercial banks, local area banks, regional rural banks, small finance banks, urban and rural cooperative banks, non-banking financial companies, and all-India financial institutions.
SEBI: The securities market regulator settled proceedings involving Nippon India Event Opportunities AIF after the applicants paid ₹15 lakh.
Vegetable Oils: Palm-oil prices rose on bargain buying, although elevated inventory levels limited the extent of gains.
Serum Institute of India: Reached an agreement with the Gates Medical Research Institute to manufacture the M72/AS01E tuberculosis vaccine candidate. GSK, the original vaccine developer, will supply the AS01E adjuvant, while Serum Institute expects to invest more than $100 million from its resources to strengthen manufacturing readiness.
Ongoing Initial Public Offerings (IPOs)
Sotefin Bharat Ltd (BSE SME): Last Date: July 20, 2026
Caliber Mining and Logistics Ltd: Last Date: July 21, 2026
Upcoming IPOs
7. Bulk, Block & IPO Deal Updates
Laser Power and Infra: Nippon India Mutual Fund raised its stake by purchasing an additional 16.95 lakh shares worth ₹44.22 crore through two block deals, adding to its pre-listing 1.94% holding. Buoyant Opportunities funds, BofA Securities Europe SA, and Bank of India Mutual Fund also acquired significant stakes.
Nilkamal: Abakkus Investment Managers, led by Sunil Singhania, acquired 2.8 lakh shares (1.87% stake) in Nilkamal through a block deal worth ₹37.39 crore at an average price of ₹1,335.63 per share.
Ramkrishna Forgings: Capital Group-backed Smallcap World Fund sold 12.89 lakh shares, representing a 0.7% stake, in Ramkrishna Forgings for ₹74.01 crore at ₹573.88 per share. The fund held a 7.97% stake in the company as of March 2026.
8. Ex-Date Actions (July 17, 2026)
Securities Trading Ex-Dividend Today
20 Microns, 3M India, Apollo Pipes, Atul, Avadh Sugar & Energy, Bajaj Electricals, Balkrishna Industries, Bharat Heavy Electricals, Bharat Seats, Bhatia Communications & Retail (India), Bikaji Foods International, Blue Star, Brisk Technovision, Cummins India, Dabur India, Dhanuka Agritech, Dhampur Bio Organics, Duncan Engineering, Elgi Equipments, Gretex Corporate Services, Gujarat Hotels, Gujarat Poly Electronics, Happiest Minds Technologies, HCL Technologies, Honeywell Automation India, Indian Hume Pipe Company, JK Lakshmi Cement, Jubilant FoodWorks, Kirloskar Ferrous Industries, Kotak Mahindra Bank, LMW, Lupin, Magadh Sugar & Energy, Mangalam Global Enterprise, MRF, Narayana Hrudayalaya, Newgen Software Technologies, Pfizer, Polychem, Prudent Corporate Advisory Services, Punjab Chemicals & Crop Protection, Rajratan Global Wire, Safari Industries India, Sealmatic India, Shanthi Gears, Shree Cement, Sky Industries, Soma Textiles & Industries, Sonata Software, Sumitomo Chemical India, Sundaram Brake Linings, Suryoday Small Finance Bank, Symphony, Transport Corporation of India, TTK Healthcare, Uniphos Enterprises, UPL, VA Tech Wabag, Veedol Corporation, V-Mart Retail, Walchand Peoplefirst, Wendt (India), Zensar Technologies, Zydus Wellness.
Other Ex-Date Classifications
Ex-Split: India Toners & Developers Ltd (from Rs.10 to Rs.2)
Ex-Amalgamation: JB Chemicals & Pharmaceuticals Ltd
Ex-Right Issue of Equity Shares: Minolta Finance Ltd
Ex-Interest Payment: 683GS2039 (Government Securities)
Securities Under F&O Ban (July 16, 2026)
Sources: WOWNEWS24X7, Moneycontrol, Investing.com
