The Indian benchmark equity indices opened and traded down for the 3rd consecutive session. Today’s market is dragged down by share prices of M&M, Titan and Grasim Industries. The NSE Nifty 50 opened 54.55 points or 0.22% down at 24,782.45, while the BSE Sensex opened 163.12 points, or 0.20% down at 81,299.97.
Global Markets
U.S. stocks climbed to record highs on Friday as investors awaited earnings from major tech firms. In a key global development, the U.S. and European Union reached an agreement to impose 15% tariffs on most EU exports, narrowly avoiding a trade war. The deal came just before a deadline for higher tariffs threatened by President Trump, who had initially proposed duties of up to 50%, later revised to 30%, prompting accelerated negotiations.
- The S&P 500 Index closed up 25.29 points, or 0.40%, at 6,388.64.
- The Dow Jones Industrial Average closed up 208.01 points, or 0.47%, at 44,901.92.
- The FTSE 100 closed down 18.06 points, or 0.20%, at 9,120.31.
- DAX closed down 78.43 points, or 0.32%, at 24,217.50.
Asian Indexes
Asian stocks faced downward pressure on Monday, led by declines in Japanese and Korean markets. Investors remained cautious ahead of a data-heavy week featuring key policy meetings by the Federal Reserve and the Bank of Japan.
- Nikkei down 0.74%
- Hang Seng up 0.46%
- Kospi up 0.19%
Commodities Market
- WTI crude is trading at $65.3, up 0.26% for the day.
- Brent crude is at $68.6, up 0.3%.
- Gold is down 0.67% and now trading at Rs. 9,870 per gram.
- Silver is up 0.07% and now trading at Rs. 1,13,130 per kg.
- Copper is down 0.02% and now trading at Rs. 889 per kg.
Results to Watch – July 28
Key companies set to announce quarterly results on July 28 include IndusInd Bank, Bharat Electronics, Adani Green Energy, Adani Total Gas, Bajaj Healthcare, CarTrade Tech, GAIL (India), JK Paper, KEC International, Mazagon Dock, Motherson Sumi Wiring, Nippon Life AMC, NTPC Green, Piramal Pharma, Quess Corp, RailTel, Torrent Pharma, Vijaya Diagnostic, and Waaree Energies.
Stock to Watch
- Alembic Pharmaceuticals: Alembic Pharma received final USFDA approval for its Carbamazepine extended-release tablets, used for seizures and nerve pain with a $71 million US market.
- VA Tech Wabag: VA Tech Wabag won a Rs 380 crore World Bank-funded order to design and build new wastewater treatment plants in Bengaluru.
- RITES: RITES received a Rs 177.2 crore order from Bharat Electronics to design and manage construction of a mass manufacturing facility in Andhra Pradesh.
- Dr Reddy’s Laboratories: Dr Reddy’s invested Rs 565.4 crore to raise its stake to 45.19% in its Russian subsidiary, Dr Reddy’s Laboratories LLC.
- IndusInd Bank: Chief Human Resources Officer Zubin Mody resigned, and RBI extended the executive committee’s tenure for a month or until a new MD & CEO joins.
- JSW Energy: JSW Energy was allowed by the NCLT to withdraw insolvency proceedings for KSK Water and will now implement its settlement plan.
- Concord Biotech: Concord Biotech successfully completed a Russian GMP inspection at its API manufacturing facility in Gujarat in July 2025.
- Ola Electric Mobility: Ola Electric’s board approved changes in how IPO funds will be used and extended the time frame, pending shareholder approval.
- JK Cement: Chosen as the preferred bidder for the Jaisalmer limestone block.
- Reliance Power, Reliance Infra unveiled an Rs 18,000 crore plan for growth in defence, aerospace, and renewable energy.
- Asian Energy Services: Secured a Rs 865 crore integrated services contract from Vedanta.
- Balaji Telefilms: Government has restricted access to some OTT platforms, but Balaji says there’s no major impact.
- TV Today: Approved acquisition of 100% stake in Romesh Films for Rs 200 crore.
- Indian Overseas Bank: Hong Kong branch fined about Rs 9.3 crore for anti-money laundering lapses.
- Royal Orchid Hotels: Launched Regenta Resort Tropical Villages in Mysore.
- Arihant Capital: Approved raising up to Rs 91.35 crore via equity issuance.
- GAIL (India): Filed a Rs 639.18 crore arbitration claim over a gas supply dispute.
- Eveready: Entered a settlement agreement in a promoter-related arbitration case.
- Advanced Enzyme: Subsidiary JC Biotech to invest Rs 1 crore in a solar project with Raywatt Solar.
- Aeroflex: Its arm received 72 lakh convertible warrants, subscribing to 36 lakh itself.
- Brigade Enterprises: Launched Brigade Avalon in Bengaluru, expected to generate Rs 1,000 crore in revenue.
- Poonawalla Fincorp: Approved raising Rs 1,500 crore through a preferential allotment at Rs 452.51 per share.
- Petronet LNG: Approved a Rs 4,049 crore investment for a new LNG terminal in Odisha.
- BEML: Signed an MoU with Hindustan Shipyard for marine systems collaboration.
- Cummins India: Received a Rs 1.43 crore customs duty demand order over a classification dispute.
- Nazara Tech: Extended a Rs 12 crore unsecured loan to UK-based Curve Digital Entertainment.
- Reliance Communications: Office searched by the ED in an ongoing probe, but operations continue.
- Lemon Tree Hotels: Opened a new 49-room hotel in Himachal Pradesh, its fourth in the state.
- Chennai Petro: Reported Q1 crude throughput of 2.981 MMT, with GRM down to $3.22 per barrel.
- Aadhar Housing: Blackstone units launched a Rs 5,335 crore open offer for a 25.82% stake.
- Chembond Materials: acquired 10 acres of land in Karnataka for a new manufacturing unit.
- Ceigall India: Delhi Metro terminated its contract for the Bhubaneswar project.
- National Fertilizers: Entered a JV with Assam Govt, Oil India, HURL, and BVFCL.
- Mahindra Holidays: Received a GST demand notice for Rs 33 crore from Chennai tax authorities.
- Veranda Learning: Completed the acquisition of remaining stakes in Neyyar Academy and Neyyar Education.
- CG Power: Received a Rs 468 crore demand order from the Income Tax Department.
- NIBE: Signed an MoU with Elbit Systems for a rocket launch system collaboration.
- HFCL: Received SEBI warnings about insider trading rule violations.
- NTPC Green: Joined with Bihar State Power Generation for renewable and battery storage projects.
- Lumax Auto: Set up a new subsidiary called Lumax Auto Solutions.
- Balkrishna Industries: Entered the premium radial tire segment, aiming for 20% revenue by FY30; carbon black capacity to rise to 360,000 MTPA.
- RPP Infra: Created a wholly owned subsidiary in Sri Lanka named RPP Realtor.
Block & Bulk Deals
- Jindal Poly Films: First Water Fund purchased 1.88 lakh shares from Haresh Tikamdas Kaswani at a price of Rs 600 per share.
- Polyplex Corporation: First Water Fund acquired 2.23 lakh shares from Haresh Tikamdas Kaswani, paying Rs 1,120 per share.
- Veranda: Parmar Developers and Properties acquired 4.75 lakh shares (0.51% stake) at Rs 221 per share.
Authum Investment & Infrastructure:
- Fidelity Blue Chip Growth Fund picked up 22.67 lakh shares (equivalent to a 1.33% stake) at Rs 2,250 per share.
- Goldman Sachs (Singapore) obtained 8.88 lakh shares (0.52% holding) at Rs 2,250 per share.
- Mentor Capital offloaded 58 lakh shares (3.41% stake) at an average price of Rs 2,253.57 per share.
Written By Fazal Ul Vahab C H
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