Defence Sector

Kusumgar Ltd rewarded investors with a strong listing on the NSE, debuting at a 35.8% premium over its IPO price. Backed by a massive 128-times subscription, the stock extended gains during the day, rising nearly 47% above its issue price.

Sensex and Nifty ended nearly flat after recovering from sharp early losses. A strong rally in TCS, HCL Tech, and the IT sector offset weakness in FMCG, metals, and defence stocks amid geopolitical concerns and higher crude oil prices.

Kusumgar IPO received massive investor demand with 135.80x subscription. Check Kusumgar IPO allotment status online, latest GMP trend, estimated listing price, and expected listing gains before the shares debut on the stock exchanges.

Indian markets ended sharply higher on July 10, 2026, with Sensex rising 827 points and Nifty gaining 244 points. Strong TCS Q1 FY27 results, a rally in IT stocks, lower crude oil prices, easing volatility, and positive global cues supported investor sentiment. Realty, PSU banks, and financial stocks also witnessed strong buying during the session.

Kusumgar IPO's Grey Market Premium (GMP) is ₹159 on 10 July 2026, suggesting an estimated listing gain of nearly 38%. Meanwhile, the IPO has received strong investor interest, with the issue subscribed 28.63 times by Day 2.

Indian benchmark indices witnessed a broad-based sell-off on July 8, 2026, with the Nifty 50 and Sensex declining more than 2% as renewed US-Iran tensions, soaring crude oil prices, a weaker rupee, and rising market volatility dented investor sentiment. Banking and financial stocks led the decline, while most sectoral indices ended deep in the red amid growing geopolitical uncertainty.

Apollo Micro Systems' shares dropped nearly 6% after the board approved raising ₹3,322 crore through preferential equity shares and convertible warrants. While dilution concerns weighed on the stock, the company remains well-positioned to benefit from India's ₹52,000 crore defence procurement programme.

The Indian stock market extended its rally on July 6, 2026, with the Nifty and Sensex closing higher, driven by HDFC Bank's strong Q1 FY27 business update, falling Brent crude prices, sustained FII inflows, and positive global sentiment. Realty, Auto, and Oil & Gas outperformed, while IT, PSU Banks, and Media witnessed profit booking ahead of the earnings season.

Indian defence stocks surged after the Defence Acquisition Council cleared ₹52,000 crore worth of defence acquisitions. Paras Defence and Zen Technologies led the rally as investors anticipated stronger order inflows, accelerated procurement, and long-term growth driven by India's defence modernization and Make in India initiative.

The Indian stock market extended its gains on July 2, 2026, with the Nifty closing at 24,175.70 and the Sensex rising 579 points. A strong rebound in IT stocks, lower Brent crude prices, easing US-Iran tensions, a stronger rupee, and lower India VIX boosted investor confidence, while Realty, Auto, Chemicals, Cement, and Consumer Durables also ended in positive territory.