News Overview

Indian IT stocks rallied sharply as the Nifty IT index gained 2.45%, with OFSS, Infosys, TCS, HCL Technologies, and Tech Mahindra leading gains. Positive global cues, lower crude prices, and improved investor sentiment supported the sector.

Xtranet Technologies IPO received 4.33x subscription, with retail and NII investors showing strong interest. The latest GMP indicates a potential 5.5% listing gain, while the IT solutions company's valuation remains attractive.

Bank of Baroda shares traded lower after the lender reported a 72% YoY decline in Q1 FY27 net profit due to a ₹5,700 crore one-time NMC Health settlement. While core operations remained resilient with improving asset quality and higher NII, reports of an alleged 1TB customer data breach added to investor concerns.

NTPC shares rose after the state-run power major approved a ₹12,000 crore fundraising through Non-Convertible Debentures (NCDs). The company also reported higher installed capacity, improved plant efficiency, and increased power generation during Q1 FY27.

Manipal Health Enterprises IPO will open for subscription from July 29 to July 31, 2026, with a price band of ₹560-590 per share. Here's everything investors need to know, including the latest GMP, financial performance, issue details, and investment outlook.

Indo Mim IPO's Grey Market Premium (GMP) has increased to ₹196 on the final day of bidding, indicating an estimated listing gain of 40.41%. The IPO has been subscribed 7.47 times, led by strong demand from NII investors.

IDFC First Bank shares gained nearly 10% after the lender posted a record Q1 FY27 profit of Rs 1,075 crore. Strong loan growth, improving NPAs, higher net interest margins, and upgraded brokerage target prices fueled optimism for the bank's growth outlook.

Global financial markets turned volatile as surging oil prices, Middle East tensions, rising bond yields, and renewed inflation concerns weighed on investor sentiment. Asian equities declined, technology stocks faced pressure, and central banks faced fresh policy challenges.

Asian equities witnessed a broad selloff as escalating Middle East tensions, Brent crude crossing $100 per barrel, AI spending concerns, and currency pressures weighed on investor sentiment. South Korea and Japan led declines, while Indian markets remained under pressure amid rising macro risks.

The Indian Rupee stayed near record lows during the week despite repeated RBI interventions, as rising Brent crude prices, geopolitical uncertainty, and foreign fund outflows continued to pressure the currency. Markets now await crude movements and upcoming capital inflows for direction.