News Overview

Kalyan Jewellers shares climbed to a new 52-week high after the company delivered a robust Q1 FY27 business update. Strong revenue growth, aggressive showroom expansion, rapid growth in Candere, improved working capital through higher recycled gold usage, and bullish brokerage commentary have strengthened investor confidence. The stock has significantly outperformed the NIFTY 200 across multiple timeframes.

Indian stock markets ended sharply higher on July 29, 2026, with the Sensex gaining 888.68 points and the Nifty closing at 24,250.20. The rally was driven by sustained buying in IT stocks, positive FII inflows, lower market volatility, and expectations of an unchanged US Federal Reserve interest rate. Infosys led the IT surge, while broad-based gains across FMCG, Metals, Pharma, and Financials boosted overall market sentiment.

Adani Enterprises posted record Q1 FY27 results with EBITDA rising 49% to ₹5,642 crore and revenue growing 50% YoY to ₹33,546 crore. The company saw strong momentum across airports, copper, renewable energy, roads, and data centers, while a one-time exceptional charge resulted in a reported net loss.

Kaynes Technology shares rallied over 13% after reports of semiconductor expansion plans under India Semiconductor Mission 2.0. The company is exploring global partnerships for wafer fabrication, materials, and chip ecosystem development while leveraging its ₹3,307 crore Sanand OSAT facility.

Juniper Green Energy IPO will open for subscription on July 30, 2026. The ₹1,800 crore renewable energy IPO offers exposure to India's growing clean energy sector, with a 7.9 GW portfolio, strong project pipeline, and plans to reduce debt through IPO proceeds.

Swiggy stock rallied for the third straight session, gaining 7.7% as investors welcomed Nandita Sinha's appointment as Instamart CEO. Improving sentiment after Zepto's reported valuation cut and expectations of better quick commerce profitability further supported the rally.

Suzlon Energy shares dropped nearly 3% after the company reported Q1 FY27 earnings. Revenue surged 22.3% year-on-year, but net profit fell 5.9%, reflecting margin pressure. Brokerages remain optimistic about the company's long-term renewable energy growth story despite the short-term earnings miss.

Paradeep Phosphates shares rallied 11% after the company posted robust Q1 FY27 earnings. Revenue surged 36% YoY, net profit rose 24%, and the board approved a ₹250 crore Aluminium Fluoride plant, strengthening the company's long-term growth strategy amid favorable fertilizer sector trends.

Infosys surged more than 5% in intraday trade after Jefferies upgraded the IT sector and added the company to its India Model Portfolio. Improving AI sentiment and global rotation away from Asian chip stocks further supported the rally.

The Nifty IT index surged nearly 3% and has gained almost 16% in July, driven by strong Q1 FY27 earnings, improving investor sentiment, and global sector rotation. Infosys, TCS, Coforge, LTIMindtree, and Wipro were among the top gainers as the index continued its sharp recovery.