The Indian benchmark equity indices are trading flat on Wednesday. Today’s main opening market movers include Trent, HDFC Bank, and Adani Port. The NSE Nifty 50 opened 0.80 points, or 0.003% flat, at 25,196.60, while the BSE Sensex opened down 40.37 points, or 0.04%, lower at 82,534.66.
Indian benchmark indices ended a four-day losing streak on Tuesday, driven by gains in auto and financial stocks, though HCL Technologies slipped after weak Q1 results. Foreign investors turned net buyers, picking up shares worth Rs 104.5 crore, while domestic institutions extended their buying streak for the seventh session with Rs 1,477.6 crore in purchases.
Global Markets
- The S&P 500 Index closed down 24.80 points, or 0.40%, at 6,243.76.
- The Dow Jones Industrial Average closed down 436.36 points, or 0.98%, at 44,023.29.
- The FTSE 100 closed down 59.74 points, or 0.66%, at 8,938.32.
- DAX closed down 100.35 points, or 0.42%, at 24,060.29
Asian Indexes
Asian stock markets opened lower on Wednesday after U.S. inflation data gave mixed signals, making investors less hopeful that the Federal Reserve will cut interest rates soon. The MSCI index, which tracks stocks in the region, fell by 0.4%, with declines seen in Australia, Japan, and South Korea.
- Nikkei down 0.09%
- Hang Seng up 0.44%
- Kospi down 0.68%
Commodities Market
- WTI crude is trading at $66.78, up 0.4% for the day.
- Brent crude is at $68.86, up 0.23%.
- Gold is down 0.01% and now trading at Rs. 9,819 per gram.
- Silver is up 0.03% and now trading at Rs. 1,11,525 per kg.
- Copper is up 0.04% and now trading at Rs. 884.40 per kg.
Results to Watch – July 16
Quarterly results are scheduled for release today from several key companies, including Tech Mahindra, ITC Hotels, Angel One, DB Corp, Le Travenues Technology, Kalpataru, Lotus Chocolate Company, L&T Technology Services, and Reliance Industrial Infrastructure.
To be announced today
The UK will announce its core inflation (CPI) data on Wednesday. Europe is expected to release its trade balance numbers, while the US will report industrial production and crude oil inventories. Markets will also keep an eye on speeches from Fed official Michael Barr and FOMC member John Williams.
Stocks to Watch
- Centrum Capital – Financial services and investment banking company Approved a fundraise of Rs 172 crore through the issuance of 5 crore shares at Rs 34.38 per share.
- Somany Ceramics – Leading manufacturer of ceramic tiles and sanitaryware products Completed acquisition of a 51% stake in Dura Build Care for Rs 10 crore.
- CFF Fluid Control – Engineering company focused on fluid control systems and solutions Signed an agreement with Garden Reach Shipbuilders to enhance its naval and marine systems portfolio.
- InterGlobe Aviation – Parent company of IndiGo, India’s largest airline by market share Appointed Michael G. Whitaker as Additional and Independent Director for five years.
- MTNL – State-owned telecommunications service provider Defaulted on bank loans and interest payments amounting to Rs 8,585 crore.
- Biocon – Biopharmaceutical company focused on biosimilars and research services Arm Biocon Biologics expanded its diabetes portfolio with FDA approval of Kirsty, the first and only interchangeable rapid-acting insulin aspart in the United States.
- UNO Minda – Automotive component manufacturer and supplier Acquisition of e-Drives business assets in Vietnam from Friwo is in progress; completion expected by July 22.
- TCS – India’s largest IT services and consulting company Partnered with MIT Sloan Management Review to launch a new research series on the next phase of human and AI collaboration in large enterprises.
- Dixon Technologies – Electronics manufacturing services company Signed a binding term sheet with Chongqing Yuhai Precision for a proposed joint venture to manufacture precision components for laptops and mobile phones.
- Arisinfra Solutions – Real estate development and infrastructure company Signed an agreement with Wadhwa Construction for the next phase of the Wadhwa Wise City project in Panvel, adding a Rs 75 crore project pipeline.
- Godavari Biorefineries – Integrated sugar and chemicals manufacturing company Received a patent from China for 5-Hydroxy-1,4-Naphthalenedione, used in cancer treatment.
- JTEKT – Automotive component manufacturer specializing in steering systems Proposed a rights issue of shares worth up to Rs 250 crore.
- Thirumalai Chemicals – Chemical manufacturing company producing specialty chemicals The company’s arm TCL (Specialties) is building two major integrated plants at a single site.
- Zydus Lifesciences – Pharmaceutical company focused on healthcare solutions Received final US FDA approval for Celecoxib Capsules, a nonsteroidal anti-inflammatory drug.
- Cupid – Condom and contraceptive products manufacturer Approved investment in GII Healthcare Investment, marking its first strategic entry into the Middle East market.
- Himadri Speciality Chemical – Specialty chemical manufacturer focusing on carbon materials Approved incorporation of a wholly owned subsidiary in the UAE named “Alliance Worldwide LLC” to expand overseas operations.
- Brigade Enterprises – Real estate development company with focus on residential and commercial projects Its office arm BuzzWorks launched a 50,000 sq ft centre at Mindspace Business Park, Hyderabad, adding 1,000 desks.
- Patel Engineering – Infrastructure and construction company Bombay High Court dismissed its appeal against a Rs 26.56 crore arbitration award related to Neotown Project in Bangalore.
- Kalpataru Projects – Power transmission and infrastructure construction company The company’s subsidiary issued termination notice to NHAI citing contractual defaults; Rs 351 crore concession agreement stands terminated with immediate effect.
- Bajaj Finserv – Financial services holding company with insurance and lending businesses IRDAI approved the transfer of 26% equity shares held by Allianz SE in its two insurance subsidiaries to Bajaj Finserv and promoter entities.
Bulk Deals
- TVS Infrastructure Trust: Several large trades took place in TVS Infrastructure Trust, with AMBIT Wealth selling 53.2 lakh shares at Rs 101.97 and L&T offloading 13.7 lakh shares at Rs 100.52. On the buying side, Sargam Retails picked up 19.2 lakh shares at Rs 102, along with Harshvardhan Properties and Yashvardhan Estate & Developers, each purchasing 10 lakh shares at the same price. Phillip Services India both sold and bought shares in different tranches, indicating active participation on both sides of the trade.
- MAS Financial Services: Nippon India Mutual Fund increased its stake in MAS Financial by acquiring 20 lakh shares at Rs 305 each from Business Excellence Trust III. This transaction further strengthened Nippon India MF’s holding, which stood at 5.29% as of March 2025. The deal reflects continued institutional interest in MAS Financial’s growth outlook.
SME IPO listing today
- Asston Pharmaceuticals
Written by – Fazal
