Stock Market Today Live, July 13: Markets recover from early slump; IT shines while realty, metal drag

Nifty today: Top gainers, losers at this hour of trade

Top gainers of Nifty Midcap 100: Kalyan Jewellers (+9.74%), Voltas (+3.85%), BHEL (+3.59%), Tata Elxsi (+2.24%)

Top losers: BDL (-3.24%), Indian Bank (-3.01%), GVT&D (-2.98%), Biocon (-2.93%)

Noon trade: Sensex recovers, down 172 points at 77,397; Nifty slips 58 points; Nifty IT surges 3%, Realty and Metal indices decline over 1%

Markets off the day’s low. At 12 noon, Sensex traded 171.96 pts or 0.22% to 77,397.43, and Nifty 50 declined 58.35 pts or 0.24% to 24,148.55.

Nifty IT outperformed, surging over 3%. Nifty Realty and Metal, on the other hand, fell over 1%.

CapitalXB Finance appoints Pavan Matai as Business Head to drive next phase of MSME and trade finance growth

CapitalXB Finance Pvt Ltd, an RBI-regulated NBFC-Factor and AD Category III license holder, has appointed Pavan Matai as its Business Head.

The appointment strengthens CapitalXB’s leadership team as it enters its next phase of growth scaling its financing platform for MSMEs, mid-market businesses and exporters, while expanding partnerships across corporate ecosystems, digital platforms and institutional capital providers.

Pavan will lead business strategy, origination, product development, and strategic partnerships across CapitalXB’s domestic and cross-border financing businesses. His mandate will be to scale a technology-enabled, risk-disciplined platform that helps businesses unlock capital against commercial receivables and trade flows.

Taranjit Jaswal, Founder & CEO, CapitalXB, said:

“CapitalXB is entering an important new phase of growth. We have built the regulatory, technology and risk foundations required to address a significant and underserved opportunity in receivables-led financing for Indian businesses.

Intellect’s eMACH.ai Custody wins three NBFC deals, reinforcing market leadership; shares rise 3% to ₹786 on NSE

Intellect’s eMACH.ai Custody reinforces its growing market leadership position by winning three strategic deals at Non-Banking Financial Services (NBFC) institutions

Intellect Design shares surged 3% to Rs 786 on the NSE.

Puravankara pre-sales up 28% YoY, collections surge 40%, adds ₹5,200 crore GDV pipeline in Q1 FY27; shares jump 8% to ₹243.99 on NSE

Puravankara Reports 28% YoY Growth in Pre Sales; Collections Surge 40%; Adds ₹5,200 Crore GDV Pipeline in Q1 FY27

Shares zoomed over 8% to Rs 243.99 on the NSE.

VST Industries appoints Venkateshwaran Sundaram as CHRO effective July 13, 2026

VST Industries Limited has appointed Venkateshwaran Sundaram as the CHRO of the company w.e.f. July 13, 2026

GM Breweries Q1 net profit rises to ₹37.74 crore; shares at ₹925.75 on NSE

GM Breweries reported net profit for the quarter ended June 2026 at Rs 37.74 crore compared to Rs 25.86 crore in the same quarter last year.

Shares traded at Rs 925.75 on the NSE.

Keystone Realtors stock down 1% to Rs 418.55 on the NSE, as Q1 sales bookings down 42% to Rs 617cr

ONGC gains 1% on approval for Mangaluru strategic oil reserve

ONGC shares up 1% to Rs 247.57 on the NSE, following in-principle approval to develop a 1.75 million tonne strategic petroleum reserve at Mangaluru, expanding India’s emergency crude oil storage capacity.

Advait Energy Transition trades flat at ₹2,189.50 after winning ₹251 crore in new domestic orders

Advait Energy Transition traded flat at Rs 2,189.50 on the NSE on securing new orders worth over Rs 251 crore in the domestic market.

TCS, ABB sign multi-year AI deal; shares jump 4%

TCS and ABB sign multi-million, multi-year deal to transform global network operations with AI

TCS shares surged over 4% to Rs 2,161.70 on the NSE.

LTM shares jump over 9% in a week; brokerages split as Q1 growth signals improve

LTM shares jump over 9% in a week; brokerages split as Q1 growth signals improve

LTM shares surge 9% in a week amid mixed brokerage opinions following improved Q1 growth signals and market performance.

Mazagon Dock’s INS Mahendragiri, fourth Project 17A stealth frigate, commissioned into Indian Navy; shares at ₹2,396 on NSE

Mazagon Dock Shipbuilders Ltd (MDL)-built INS Mahendragiri, the fourth stealth frigate under Project 17A, was commissioned into the Indian Navy

Shares traded at Rs 2,396 on the NSE.

IREDA classifies Gensol Engineering, Gensol EV Lease loans as fraud; reports to RBI. IREDA shares at ₹124.70, Gensol Engineering falls 5% to ₹19.31 on NSE

Indian Renewable Energy Development Agency (IREDA) classified the loan accounts of Gensol Engineering Ltd and its subsidiary, Gensol EV Lease Ltd, as fraud and reported the matter to the Reserve Bank of India (RBI), escalating regulatory action against the embattled renewable energy company.

IREDA shares traded at Rs 124.70 on the NSE; Gensol Engineering shares fell 5% to Rs 19.31

SAIL, PT Krakatau Steel explore joint venture for 0.5–1 million tonne stainless steel project; shares at ₹164.40 on NSE

SAIL shares traded at Rs 164.40 on the NSE. Company and Indonesia-based PT Krakatau Steel are exploring a stainless steel project with a capacity of 500,000 tonnes to 1 million tonnes under the proposed JV

Shanthi Gears appoints Sukanta Kumar Panigrahi as Interim CFO un

Shanthi Gears: Sukanta Kumar Panigrahi has been appointed as the Interim Chief Financial Officer with immediate effect, to hold office till the time the regular CFO has been identified and taking charge.

BCL Industries commissions new 150 KLPD ethanol unit at Bathinda, boosting capacity to 550 KLPD; shares surge 6% to ₹36.44 on NSE

BCL Industries completed the commissioning of another 150 KLPD Ethanol dedicated brownfield expansion at Bathinda (Punjab) taking the plant’s distillery capacity to 550 KLPD at Bathinda

Shares surged 6% to Rs 36.44 on the NSE.

TCS to take on larger share of AI model and inference costs for project deployment

TCS to take on larger share of AI model and inference costs for project deployment

Tata Consultancy Services (TCS) is beginning to shoulder a larger share of the infrastructure costs involved in deploying artificial intelligence solutions, signalling a shift in how IT services companies are commercialising enterprise AI.

Pace Digitek signs MOU with Bondada Renewable Energy for battery energy storage systems; shares flat at ₹215.61 on NSE

Pace Digitek entered into a Memorandum of Understanding (MOU) with Bondada Renewable Energy Private Limited for the supply of Battery Energy Storage Systems (BESS) including DC Blocks, C&I BESS cabinets, Residential BESS, PCS, EMS and Battery containers by Lineage Power Private Limited (“Subsidiary”), a material subsidiary of the Company. 

Shares flat at Rs 215.61 on the NSE.

Lemon Tree Hotels ends Hubli agreement over breach by property owner; shares at ₹117.34 on NSE

Lemon Tree Hotels stock traded at Rs 117.34 on the NSE. Company had terminated the Hotel Operating Agreement (HOA) for Lemon Tree Hotel, Hubli, due to a material breach of terms by the property owner, HRK Hospitality

Prosus-backed BlueStone to double workforce, expand beyond malls

Prosus-backed BlueStone to double workforce, expand beyond malls

BlueStone plans to double its workforce and expand store locations beyond malls, focusing on high streets in India.

Markets at 11 am

At 11:03 am, Sensex dropped 218.50 points (-0.28%) to 77,350.89, while Nifty shed 76.45 points (-0.32%) to 24,130.45

Tata Capital to acquire 88.6% stake in Kerala-based Yogakshemam Loans

Tata Capital to acquire 88.6% stake in Kerala-based Yogakshemam Loans

TCL will subscribe to equity shares of the unlisted, base-layer NBFC for an aggregate consideration of approximately ₹93 crore. As at March-end 2026, the target company had assets under management of approximately ₹708 crore

MCX Natural Gas Futures: Bearish. Go short

MCX Natural Gas Futures: Bearish. Go short

Bearish outlook for MCX Natural Gas Futures; potential drop to ₹250 suggests short positions with strategic stop-losses.

RITES secures consultancy assignment as part of a consortium for the implementation of the Patna Metro Rail Construction Project.

RITES stock traded flat at ₹226.16 on the NSE, company secured a major consultancy assignment as part of a consortium for the implementation of the Patna Metro Rail Construction Project.

LTM Partners with Anthropic to Accelerate Claude Adoption and Expand Enterprise Delivery

Shares flat at Rs 4,044 on the NSE.

Zelio E-Mobility inaugurated a new manufacturing plant in Kannampalayam, Coimbatore.

Shares traded 5% higher at its upper circuit – Rs 635.35 on the BSE.

Bitcoin weakens as oil-price spike revives inflation concerns

Bitcoin weakens as oil-price spike revives inflation concerns

Bitcoin drops as rising oil prices amid US-Iran tensions revive inflation fears and interest rate concerns.

Analysis | GROWW : MSCI Probabilities Increasing

– Currently not part of any MSCI index, published its latest shareholding.

– Since the lock-in expiry, the stock has witnessed multiple block deals, resulting in a meaningful increase in free float.

– Based on the latest shareholding data, the free float now appears sufficient for potential inclusion in the MSCI Standard Index, provided the stock trades above the ₹185–190 range.

– If included, the stock could attract passive inflows of approximately US$215 million.

MSCI Index Flows & Analysis – Torrent Pharma

MSCI Announcement on JBCP/TRP merger

* TRP which is in standard index will see increase in NOS and FIF which will result in flows of $160mn

* Flows on 16th July

ETS India, Crizac partner to expand access to authorised TOEFL® and GRE® prep

ETS India and Crizac Partner to Expand Access to Authorised TOEFL® and GRE® Preparation for More Than One Lakh Study Abroad Aspirants

Crizac shares up 2% to Rs 204.22 on the NSE.

Power Grid secures ISTS contract under the Tariff-Based Competitive Bidding framework

Power Grid shares flat at Rs 285.05 on the NSE. It had secured a major Inter-State Transmission System (ISTS) contract under the Tariff-Based Competitive Bidding (TBCB) framework.

Gujarat Pipavav Port: Container trains handled in Q1FY27 stood at 346 compared to 447 in Q1FY26.

Krishana Phoschem Q1 net profit rises to ₹47.09 crore

Krishana Phoschem posted net profit for the quarter ended June 2026 at Rs 47.09 crore compared to Rs 30.58 crore in the same quarter last year.

Shares traded at Rs 138.55 on the NSE, down 1%.

Bitcoin sentiment improves amid ETF inflows and regulatory optimism

“Bitcoin, currently trading around $63,000 to $64,000, is entering the week on firmer footing as improving ETF inflows, easing macro concerns and growing optimism around the evolving regulatory landscape are helping sentiment recover. The market has shown resilience by defending key support levels while attempting to break through important resistance. At the same time, the recent decline in corporate Bitcoin holdings reflects a phase of portfolio recalibration rather than a structural shift in institutional interest. Investors are closely watching upcoming macroeconomic data and regulatory developments, which are likely to influence the next leg of market direction.

For investors, this is a phase that calls for discipline and a long term perspective rather than reacting to short term price swings. Maintaining a staggered investment approach, focusing on quality assets and keeping an eye on macro signals and capital flows can help navigate periods of consolidation. As institutional participation continues to evolve and regulatory clarity gradually improves, investors who stay consistent with their allocation strategy are likely to be better positioned to benefit from the market’s next phase of growth.”

Avinash Shekhar, Co-Founder & CEO, Pi42

Keystone Realtors Q1 sales bookings down 42% to ₹617 crore

Keystone Realtors Q1 sales bookings down 42% to ₹617 crore

Keystone Realtors reports a 42% drop in Q1 sales bookings to ₹617 crore, citing no new project launches.

China stocks dip to one-month lows on Gulf tensions, profit-taking

Chinese stocks slid across the board on Monday, dragging the benchmark indexes to one-month lows, as escalating U.S.-Iran tensions dented risk appetite and triggered profit-taking ‌in some sectors.

** By the midday break, the Shanghai Composite index was down 1.5% at ⁠3,934.74, its lowest level since June 8. The blue-chip CSI300 index fell 1.3%, also hovering near a one-month low. – Reuters

Nifty Prediction Today – July 13, 2026: Nifty futures: Shows bearish indications, but support stays valid

Nifty Prediction Today – July 13, 2026: Nifty futures: Shows bearish indications, but support stays valid 

Nifty futures (Jul) continues to tread within a range

Avantel Limited Q1 FY27 profit surges 65% on strong demand in defence and space sectors

Avantel Limited (BSE: 532406 & NSE: Avantel Limited), a vertically integrated provider of wireless and satellite communication solutions, defence electronics, and radar systems, announced its unaudited financial results for the quarter ended 30th June 2026. The company reported revenue from operations of Rs 70.12 crore, a growth of 35.27% year-on-year, while EBITDA rose 68.95% to Rs 19.26 crore, reflecting strong operating leverage. Profit After Tax grew 64.94% year-on-year to Rs 7.62 crore.

Key financial highlights for Q1 FY 2026 – 2027:

•\u0009Revenue from operations grew 35.27% to Rs 70.12 Crs in Q1 FY27, as against Rs 51.84 Crs in Q1 FY26

•\u0009EBITDA grew 68.95% to Rs 19.26 Crs in Q1 FY27, as against Rs 11.40 Crs in Q1 FY26

•\u0009PBT grew 62.99% to Rs 10.92 Crs in Q1 FY27, as against Rs 6.70 Crs in Q1 FY26

•\u0009PAT grew 64.94% to Rs 7.62 Crs in Q1 FY27, as against Rs 4.62 Crs in Q1 FY26

Commenting on the results, Siddhartha Abburi, Director, Avantel Limited, said, “These results reflect the strength of our execution engine, but more importantly, the durability of our pipeline. The demand environment across defence communications and the space sector is the strongest we have seen, and our positioning across satellite communications, ground systems, and radar subsystems gives us multiple engines of growth. We enter the rest of FY27 with a healthy order book, expanding partnerships, and the conviction that indigenously designed technology is now a strategic necessity, not a preference.”

Avantel remains committed to the Make in India and Atmanirbhar Bharat initiatives, strengthening India’s self-reliance in critical communication and defence technologies. The company will continue to focus on execution, technology development, and strategic partnerships through FY27.

Sensex down 285 points, Nifty slips 88 points in early trade

At 10 am, Sensex traded 284.93 pts or 0.37% lower at 77,284.46, and Nifty 50 was down 87.85 pts or 0.36% to 24,119.05.

LTIMindtree shares flat at ₹4,047 after Q1 net profit rises 17% to ₹1,468.6 crore

LTM (LTIMindtree) shares flat at Rs 4,047 on the NSE at 10 am, following 17.1 per cent jump in its June quarter net profit to Rs 1,468.6 crore compared to the year-ago period.

Jindal Steel slips to ₹1,036.20 as CEO Gautam Malhotra resigns, effective July 15, 2026

Jindal Steel shares down to Rs 1036.20 on the NSE. Board informed of the resignation of Gautam Malhotra as Chief Executive Officer of the company w.e.f. July 15, 2026

L&T Finance jumps 3% as Q1 net profit rises 29% to ₹902 crore

L&T Finance shares surged 3% to Rs 330.40 on the NSE. It reported a 29 per cent jump in its June quarter consolidated net profit to Rs 902 crore compared to Rs 701 crore in the year-ago period.

Mankind Pharma slips 1% as it approves divestment of non-core subsidiary iBroadway Hospitality Services

Mankind Pharma shares down 1% to Rs 2,498 on the NSE. Company had approved the divestment of iBroadway Hospitality Services, a wholly owned subsidiary that contributed negligible revenue and net worth, as part of its strategy to exit non-core assets.

TCS appoints Arun Pradeep Surendra Mohan as Business Head for Travel, Transportation & Hospitality in EMEA and APAC

TCS had appointed Arun Pradeep Surendra Mohan as Business Head for Travel, Transportation & Hospitality (TTH), leading the unit across EMEA and APAC

DMart (Avenue Supermarts) stock traded 2% lower at Rs 3,995 . 60 on the NSE.

It reported an 11.33 per cent increase in its consolidated net profit to Rs 860.44 crore for the June quarter of FY2026-27.

Q1 Results 13th July Live: HCL Technologies, ICICI Prudential AMC, Nuvoco Vistas Corporation, Bajaj Consumer Care, Krishana Phoschem, Khaitan Chemicals to announce Q1 results, DMart, LTM shares in focus

Q1 Results Today, 13th July 2026 Live Updates: Find all the latest Q1 results 2026 updates of HCL Technologies, ICICI Prudential Asset Management Company, Nuvoco Vistas Corporation, Bajaj Consumer Care, Krishana Phoschem, Khaitan Chemicals and Fertilizers, Plastiblends India, Leapfrog Engineering Services, Vivo Biotech, Cella Space Limited, Simbhaoli Sugars, Virtual Global Education, Sharp Investments, Shree Steel Wire Ropes, Mahaveer Infoway, and IGC Foils.

Crude oil futures surge over 4% as Iran-US tensions escalate, Strait of Hormuz closure looms

Crude oil futures jump more than 4% as US-Iran conflict escalates

Crude oil futures surge over 4% amid escalating US-Iran conflict and threats to the vital Strait of Hormuz.

Sensex, Nifty slide at open as Iran strikes rattle sentiment; IT stocks buck trend

Sensex, Nifty slide at open as Iran strikes rattle sentiment; IT stocks buck trend

Global markets react to US-Iran tensions, with Sensex and Nifty down while IT stocks show resilience in early trading.

SBI Funds IPO anchor book 20 times subscribed; draws Capital Group, BlackRock, Goldman, ADIA, GIC

SBI Funds IPO anchor book 20 times subscribed; draws Capital Group, BlackRock, Goldman, ADIA, GIC

SBI Funds IPO anchor book sees 20x subscription, attracting major investors ahead of its public offering from July 14-16.

An emboldened India holds out for better terms in US trade talks

An emboldened India holds out for better terms in US trade talks

India seeks favorable trade terms in US negotiations, rejecting quick deals amid rising exports and economic resilience.

Tata Capital to acquire majority stake in Yogloans, enters gold loan business

Tata Capital has approved the acquisition of a majority stake in RBI-registered NBFC Yogakshemam Loans Ltd (Yogloans), marking its entry into the gold loan segment. Under the proposed all-cash deal, Tata Capital will acquire about 88.6% of Yogloans at a pre-money equity valuation of up to ₹318 crore, including a ₹93-crore capital infusion. Yogloans operates 162 branches across four southern states with assets under management of ₹708 crore and serves around 32,000 customers. The transaction is subject to regulatory approvals. 

Tata Capital traded at Rs 354.70 on the NSE, down 2%.

Magellanic Cloud’s Provigil Surveillance wins ₹6.92 crore contract from South Central Railway

Magellanic Cloud arm Provigil Surveillance has received a Letter of Acceptance (LOA) from South Central Railway, Vijayawada Division for a contract aggregating to ₹6.92 crore.

Shares flat at Rs 29.30 on the NSE.

Opening bell: Sensex drops 625 points, Nifty falls 173 points in early trade

Sensex dragged 624.61 pts or 0.81 % to 76,944.78 at 9.16 am after opening at 76,963.35 from the previous close of 77,569.39, and Nifty 50 fell 172.90 pts or 0.71% to 24,034.

Pre-market analysis from Gaurav Udani, Founder – ThinCredBlu Securities

“Nifty is expected to open higher around 24,070, up nearly 100 points, indicating a positive start despite the sharp correction seen over the last two sessions.

Yesterday also began on a positive note, but the index failed to hold on to its gains as selling pressure emerged through the session. Today’s opening will therefore be important to assess whether buyers can sustain momentum or if the market once again witnesses profit booking at higher levels.

Technically, 23,900–24,000 remains the immediate support zone, while 24,200–24,300 is the key resistance range. A sustained move above resistance could trigger fresh buying and improve short-term sentiment.

Traders should avoid chasing the gap-up opening and instead wait for confirmation that the gains are sustainable. A disciplined, level-based approach remains advisable in the current volatile environment.”

Smartworks leases 930 seats in Pune to UK firm’s India arm; deal worth ₹58 crore

Smartworks Coworking Spaces has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm in Pune. With this addition, the client’s total seat count with Smartworks now stands at over 1,730 seats. 

Shares flat at Rs 470.20 on the NSE.

Antony Waste confirms nine deaths after landfill collapse damages waste-to-energy plant

Antony Waste has confirmed the death of nine employees after a natural calamity triggered a landfill collapse that severely damaged the administrative building at its waste-to-energy plant. The incident occurred after incessant rains caused thousands of tonnes of waste from an adjacent landfill to collapse onto the facility. Fourteen employees were rescued and are undergoing medical treatment and counselling. The company said its management is personally meeting the affected families and thanked the NDRF, Indian Army, Fire Brigade, PCMC, local authorities and volunteers for their rescue efforts.

Tata Motors launches new Ultra Prime and Starbus Prime Range

Tata Motors launches new Ultra Prime and Starbus Prime Range

Tata Motors launches Ultra Prime and Starbus Prime buses, enhancing comfort, safety, and efficiency in India’s passenger transportation.

Technicals: Bounce may fade in oil futures 

Bounce May Fade in Oil Futures 

Oil prices recovered briefly, but bearish trends suggest traders should consider selling crude futures.

Technicals: Gold and silver futures might decline

Bullion Cues: Gold and Silver Futures Might Decline

Gold and silver futures show a declining trend, with key resistance levels signaling potential further drops in prices.

Bitcoin recovery hinges on ETF inflows and US inflation data

Market analysis by Vikram Subburaj, CEO, Giottus.com

July 13, 2026

Bitcoin has recovered about 6% from its late-June lows to trade near $63,700, helped by a return of positive ETF inflows. Whether that recovery develops into a sustained uptrend will depend on fresh institutional demand and this week’s US macroeconomic data. 

Institutional participation has improved, although it remains inconsistent. US spot Bitcoin ETFs attracted a net $197.4 million during the July 6-10 trading week after inflows of $265.7 million on July 6 and $90.4 million on July 10 offset combined outflows of about $180 million on July 8 and 9. The return of positive weekly flows is encouraging, but it does not yet represent the kind of broad-based institutional accumulation that typically accompanies a strong bull market. 

On-chain data also presents a mixed picture. Analysts’ desks estimate Bitcoin’s True Market Mean at about $76,600 and the short-term holder cost basis near $72,200, leaving the current market price roughly 12-17% below both levels. In simple terms, many investors who bought Bitcoin over the past few months are still sitting on unrealised losses. If Bitcoin continues to recover, some of these investors may choose to sell once prices approach their purchase levels to recover their capital. That could create additional selling pressure around the $72,000-76,000 range before the market can sustain a stronger uptrend. 

From a technical perspective, the market remains range-bound. Immediate support is located around $63,000, followed by $62,000 and the psychologically important $60,000 level. On the upside, Bitcoin needs to reclaim $65,000 before traders begin focusing on the $67,000-68,000 zone. A decisive move above those levels would improve market structure, while a break below $62,000 could expose Bitcoin to another test of recent lows. 

Ethereum was trading near $1,800, up about 0.1% over the past 24 hours, while BNB gained around 0.4% to $575. XRP underperformed, declining about 1.6% to $1.08, while Solana was broadly unchanged near $76. TRON outperformed its large-cap peers with a gain of about 0.6% to $0.33. The relatively subdued moves across the largest altcoins suggest investors are still favouring established assets over higher-beta tokens, reflecting a cautious rather than risk-on market environment. 

The coming week may prove more important than recent price action. The US Consumer Price Index on July 14, Producer Price Index on July 15, Federal Reserve Chair testimony before Congress, and the Federal Reserve meeting on July 28-29 will shape expectations for US interest rates. Crypto markets have become increasingly sensitive to macroeconomic data, with Treasury yields and monetary policy expectations now exerting as much influence as blockchain-specific developments. 

The market appears to be transitioning from panic selling towards cautious accumulation rather than entering a fresh bull phase. ETF demand has stabilised, on-chain valuation has become more attractive, and selling pressure has moderated. However, Bitcoin still needs stronger institutional participation and favourable macroeconomic signals before it can convincingly break above the $65,000 resistance zone and establish a more durable recovery.

Our advice: Investors should avoid chasing short-term rallies ahead of this week’s US inflation data and Federal Reserve commentary. With Bitcoin trading between key support near $62,000 and resistance around $65,000, staggered accumulation and disciplined position sizing remain more prudent than aggressive directional bets.

Kotak Institutional Equities – Model Portfolio Changes – Large-Cap Portfolio

Added SBI Life with 150 bps weight.

Added TCS with 150 bps weight.

Increased L&T weight by 100 bps to 400 bps.

Says TCS inclusion is not a bullish call on IT services; done to reduce sector underweight and due to attractive valuations.

Shifted ICICI Prudential Life (160 bps) to the mid-cap portfolio.

Removed Mankind Pharma (140 bps) from the portfolio.

Trimmed DLF weight by 30 bps to 150 bps after strong rally.

Trimmed GMR Airports weight by 70 bps to 160 bps after recent outperformance.

Mid-Cap Portfolio

Added CRISIL, DCB Bank, and ICICI Prudential Life.

Removed Dixon Technologies, Dr Lal PathLabs, and Info Edge.

Exit driven by strong 1–3 month performance and limited upside potential, according to Kotak Institutional Equities.

DMart looks beyond Metros, after same-store sales slow to 5.5%

DMart looks beyond Metros, after same-store sales slow to 5.5%

With same-store (like-for-like) sales growth slowing to 5.5% from 7.1% and older metro stores posting flat growth, Avenue Supermarts is sharpening its focus on non-metro markets

Japan’s Nikkei falls as rise in oil prices dims corporate outlook

Japan’s Nikkei share average fell on Monday as investors weighed the corporate outlook after a renewal of ‌conflict in the Middle East lifted oil prices.

The Nikkei fell 1.12% ⁠to 67,786.86 by the midday break, while the broader Topix edged down 0.2% to 4,027.82. “The market was ‌concerned about increasing costs due to the rise in oil prices, and ‌this came as the earnings season ‌for ⁠Japanese firms kicked off,” said Daisuke ⁠Hashizume, a senior analyst at Daiwa Securities. Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by ‌the United States, threatening energy shipments via the Strait of Hormuz. – Reuters

South Korean shares sink over 5% as chipmakers slide on AI concerns

South Korean shares tumbled more than 5% on Monday, hitting their lowest ⁠levels in nearly two months, as a selloff in chipmakers, led by SK Hynix, deepened worried over the durability of ‌the AI-driven rally.

** The benchmark KOSPI was down 384.37 points, or 5.14%, at ‌7,091.57 as of 0235 GMT. It fell ‌as ⁠much as 6.13% to hit the lowest ⁠since May 20 and trigger a “sidecar” trading curb, temporarily halting algorithm trading. – Reuters

Nippon Paint offers $8.55 billion for AkzoNobel’s decorative paints business

Nippon Paint offers $8.55 billion for AkzoNobel’s decorative paints business

Nippon Paint has offered $8.55 billion to acquire AkzoNobel’s decorative paints business after its earlier takeover bid was rejected. AkzoNobel is pursuing Axalta merger.

Gold slides over 1% as oil surges on Strait of Hormuz closure fears

Gold slid over 1% in early Asian trade on Monday, as fears of the Strait of Hormuz closure drove oil prices sharply higher, reviving ‌expectations of elevated interest rates to combat inflationary pressures.

Spot gold dropped 1.2% to $4,072.78 ⁠per ounce by 0050 GMT. U.S. gold futures for August delivery were down 0.8% at $4,081.70.

WATCH IN TAMIL: Nifty & Bank Nifty இந்த வாரம் (July 13-17, 2026) என்ன ஆகும்? எங்கு செல்லும்?

WATCH: Nifty and Nifty Bank Prediction for the week July 13-17, 2026 by BL GURU

Opening bid: Nifty may open 200 points lower as Iran tensions hit sentiment

Stock market today: Nifty may open 200 points lower as Iran tensions hit sentiment

Gift Nifty signals a 200-point gap-down opening for Nifty as US-Iran tensions lift crude oil prices, while Q1 earnings and FII flows remain in focus.

NTPC board clears ₹20,456.7 crore Lara Stage-III power project in Chhattisgarh

NTPC approves ₹20,456.7 crore investment for 1,600 MW Lara Stage-III project

NTPC has approved a ₹20,456.7 crore investment for the 1,600 MW Lara Stage-III thermal power project in Chhattisgarh, boosting India’s power capacity.

Sanjay Agarwal, Senior Director at CareEdge Ratings on AMFI Data

Equity mutual funds staged a strong comeback in June 2026, with net inflows rising 26% month-on-month to ₹28,973 crore after falling nearly 40% to ₹22,908 crore in May. The recovery underscores the resilience of investor sentiment amid global uncertainties and periodic bouts of market volatility. Positive market sentiment, expectations of supportive domestic macroeconomic conditions, and sustained retail participation continued to drive investment activity during the month. Notably, total equity fund inflows in the first half of CY2026 were more than 12% higher than those in H1CY25, led primarily by robust allocations to mid-cap and small-cap funds.

Precious metal ETFs, particularly gold ETFs, also rebounded attracting inflows of approximately ₹7,500 crore in June compared with outflows of over ₹2,800 crore in the previous month. This trend highlights the increasing acceptance of gold ETFs as a strategic asset allocation and portfolio diversification tool. Hybrid schemes also maintained positive momentum, with inflows rising to ₹12,893 crore in June from ₹10,560 crore in May, reflecting investors’ continued preference for balanced investment solutions amid evolving market conditions.

Debt-oriented mutual funds recorded net outflows of ₹1.09 lakh crore in June 2026. The outflows were largely driven by quarter-end liquidity requirements, prompting institutional investors and corporate treasuries to withdraw funds from ultra-short-duration, liquid, money market, and overnight schemes. More notably, short-duration and corporate bond funds also witnessed redemptions. Meanwhile, the quarter witnessed net inflows of ₹41,888 crore compared to the outflows of ₹1.78 lakh last quarter and inflows of ₹ 2 lakh crore in the same quarter last year. The category in likely to witness inflows in July 2026 similar to that witnessed in July 2025 (~₹ 1 lakh crore).

The mutual fund industry’s assets under management marginally increased sequentially by 0.8% to ₹82.22 lakh crore in June 2026 with open ended schemes continuing to account for over 99% of the industry AuM. This increase comes despite an outflow of Rs 0.53 lakh crore which was lower than the outflows of Rs 0.64 lakh crore witnessed last month. The decline was largely due to a withdrawal of ₹1.09 lakh crore from debt-oriented schemes.

Umiya Buildcon posts steady Q1 growth amid supply chain challenges

Umiya Buildcon Limited (BSE: 532376 | NSE: UMIYA-MRO and formerly MRO-TEK Realty Limited), a publicly listed dual-sector company, today announced its financial results for the first quarter ended June 30, 2026, reporting steady operational performance across its products, solutions and real estate businesses despite ongoing global supply chain challenges.

Real Estate Segment

The Real Estate segment continued to progress in line with planned execution schedules. Development activities at the company’s ongoing projects, including Umiya Bricklane and Umiya Prism, continued during the quarter, with the management focused on timely execution and long-term value creation.

Commenting on the results, Mr. Aniruddha Mehta, Chairman and Managing Director, Umiya Buildcon Limited, said, “Our Q1 performance reflects the strength of our diversified business model and disciplined execution across our businesses. The products business vertical which is our focus area continued to deliver healthy year-on-year growth, while our real estate projects progressed as planned. With a strong order pipeline, continued focus on indigenous innovation and steady project execution, we remain confident of creating sustainable long-term value for our stakeholders.” 

Products Segment

During the quarter, the company delivered steady operational performance across its business segments, supported by disciplined execution, a diversified business model, and continued focus on innovation and customer engagement. Compared to the corresponding quarter of the previous financial year, the company recorded encouraging performance across its core business segments.

The global electronics supply chain continues to face significant challenges, particularly in the availability of RAM (Memory) and PCB (Printed Circuit Board) components, due to the reallocation of manufacturing capacity towards cloud services and AI data centres. This has led to component shortages, rising prices, and longer lead times across the commercial electronics industry.

Despite these headwinds, the Products vertical delivered year-on-year growth of 78.83% in Q1, supported by proactive supply chain planning, prudent inventory management, and strong customer engagement.

The Products segment remained the company’s key growth driver, with continued focus on indigenous networking products, solutioning capabilities, and investments in Research & Development across network operating systems, next-generation switching technologies, and data centre networking solutions. Demand from telecom, enterprise, and government customers remained healthy, backed by a strong order pipeline.

Ajay Garg, Director & CEO, SMC Global Securities on AMFI June data

The June AMFI data indicate that retail investor participation remains strong despite intermittent market volatility. Equity mutual funds attracted net inflows of nearly ₹29,000 crore, a meaningful improvement over the previous month, while the industry’s assets under management crossed ₹82 lakh crore and investor folios reached nearly 28 crore. These numbers reflect the growing confidence investors have developed in mutual funds as part of their long-term financial planning.

It is also encouraging to see sustained interest in diversified investment categories. Healthy inflows into mid-cap and flexi-cap funds, along with strong demand for Gold ETFs, suggest that investors are looking beyond short-term market fluctuations and focusing on asset allocation across different segments.

The outflows from debt funds appear to be seasonal and are not uncommon at quarter-end, when institutional investors typically rebalance to meet their short-term liquidity requirements. Overall, the steady growth in AUM and investor folios reinforces the positive long-term outlook for the mutual fund industry, supported by rising retail participation and increasing investor awareness.

TAC InfoSec reports record Q1 FY27 results with 97% EBITDA growth

TAC InfoSec Limited (NSE: TAC), the NSE Listed company of global cybersecurity platform TAC Security, has reported record financial results for the first quarter of FY27, covering the period from April to June 2026.

The company’s total income increased by 96.8% year-on-year to 200 Million INR, compared with 102 Million INR in the corresponding quarter of the previous financial year. EBITDA rose 97.1% to 98 Million INR, while Profit After Tax increased 137% to 80 Million INR, reflecting strong growth in TAC Security’s core cybersecurity operations and continued operating efficiency by competing with global peer companies.

Supreme Infrastructure India Ltd. Achieves Landmark Turnaround Paving Way for Sustainable Growth

Positive net worth restored to ₹237.2 crore following substantial implementation of lender-approved Scheme of Arrangement

Secured new EPC contracts worth over ₹100 crore during FY26, reflecting revamping in business operations

Capital structure strengthened through strategic equity infusion and seeking crystallised roadmap for debt resolution.

Mumbai, 11 July 2026: Supreme Infrastructure India Limited (”SIIL” or the “Company”), a leading public limited company engaged in providing integrated engineering and construction solutions, announced its financial results for the fourth quarter and financial year ended March 31, 2026. The results mark a significant milestone in the Company’s turnaround journey, driven by the successful implementation of strategic initiatives aimed at strengthening its financial position, optimizing its capital structure and resolving legacy liabilities. During the year, the Company restored a positive net worth of ₹237.2 crore, substantially implemented its lender-approved Scheme of Arrangement, strengthened its capital base through strategic equity infusion and made significant progress in resolving legacy debt, positioning SIIL for operational revival and sustainable long-term growth.

The Company’s turnaround reflects sustained efforts to rebuild its financial foundation while enhancing stakeholder confidence. With its financial restructuring substantially achieved, SIIL is well positioned to capitalize on emerging opportunities in India’s infrastructure sector. Alongside strengthening its balance sheet, the Company has continued to focus on execution of EPC projects, recovery of claims and resolution of its Build-Operate-Transfer (BOT) assets, creating a strong platform for long-term value creation for shareholders, customers and business partners.

A dozen stocks, including PSU names SAIL, IREDA, Power Grid, Mazagon Dock and ONGC, to remain in focus on Monday

Monday’s stocks to watch: SAIL, IREDA, Power Grid, Mazagon Dock, ONGC and more

Key stocks including SAIL, IREDA, and ONGC are set to attract investor focus on Monday amid significant corporate developments.

Nifty 50 Outlook: Holding steady

Index Outlook: Holding Steady

Despite a failed pattern, the market outlook remains positive with potential gains for Nifty and Sensex ahead.

Goldman Sachs: India Strategy | Room To Rebound

India strategy turned more positive: Target Nifty 26,500 by Jun’27 with expectation of FII flows returning and domestic recovery strengthening.

Key calls are Value over Growth, Large Caps over Mid Caps, Banks/Utilities/Tourism/Defense as preferred themes, while Metals, Cement, IT/Pharma exporters and rural plays are less favored.

Sector changes:

Upgraded

> Utilities → Overweight 

> Industrials → Market Weight 

Downgraded

> Staples → Market Weight (from a more positive stance) 

> Metals & Mining → Underweight 

> Cement → Underweight 

Unchanged positive

> Banks → Overweight

> Energy Refiners → Overweight 

> TMT → Overweight 

> Defense → Overweight 

Unchanged negative

> IT Exporters → Underweight 

> Pharma Exporters → Underweight

> OMCs/Downstream Oil → Underweight

India emerges as top global capability centre hub

Global Capability Centres (GCC) Hub: Finance Minister Nirmala Sitharaman announced that India has solidified its position as the world’s premier destination for GCCs, currently hosting over 2,100 centres that employ 23 lakh professionals and generate nearly $100 billion in annual revenue.

30 Stocks Where FIIs Are Increasing Their Holdings

1. Bharat Electronics

2. BSE

3. Cummins India

4. Hitachi Energy

5. Polycab India

6. GE Vernova T&D

7. Muthoot Finance

8. HDFC AMC

9. Multi Commodity Exchange (MCX)

10. Nuvama Wealth

11. Garden Reach Shipbuilders

12. Acutaas Chemical

13. Data Patterns

14. Force Motors

15. SPR Auto Technologies

16. TD Power Systems

17. Zen Technologies

18. Shaily Engineering

19. Marksans Pharma

20. Nazara Technologies21. TARIL 

22. Sandur Manganese

23. Voltamp Transformers

24. Thyrocare Technologies

25. Sky Gold & Diamonds

26. Ravindra Energy

27. Kwality Pharma

28. Vintage Coffee

29. Ceinsys Tech

30. Krishna Defence

GLOBAL MACRO OUTLOOK

Global Metrics

* US Dow Jones: 52,637.01 (+0.03%)

* US Nasdaq: 26,281.61 (+0.41%)

* Brent Crude: 76.01 (+0.05%)

* Gold: 4,113.70 (-0.52%)

Currencies

* EUR/USD: 1.1400 (-0.00%)

* GBP/USD: 1.3400 (0.00%)

* USD/JPY: 161.6700 (-0.42%)

* USD/INR: 95.37 (-0.01%)

* Dollar Index: 100.96 (+0.05%)

Incoming Events This Week

* Fed Speaker Circuit (Monday–Wednesday): Multiple FOMC members due on the wires — any deviation from the “higher for longer” script will move USD and rate-sensitive equities hard.

* Eurozone CPI Flash Estimate (Tuesday): With EUR/USD pinned at 1.1400, a hot print revives ECB hawkishness; a miss accelerates rate-cut pricing and pressures the euro.

* US ISM Manufacturing PMI (Tuesday): First hard activity read of the month — a sub-50 print deepens recession fears and tests the Dow’s fragile hold above 52,600.

* Bank of Japan Policy Minutes (Wednesday): USD/JPY at 161.67 keeps pressure on BoJ to act; any hawkish signal in the minutes triggers violent yen short-covering across Asia.

* OPEC+ Technical Committee Meeting (Wednesday): With Brent hovering at $76.01, any supply-cut revision or member compliance data shifts the entire energy complex.

* US Non-Farm Payrolls (Friday): The single most market-moving data point of the week — jobs above 200K kills Fed cut hopes; a miss below 150K reprices the entire rate path.

* G7 Foreign Ministers Meeting (Thursday–Friday): Ukraine aid commitments and potential new Russia sanctions packages will directly impact European energy prices and EUR sentiment.

For the week ahead, the global risk stance is best characterised as cautiously mixed with a defensive tilt. The Nasdaq’s leadership favours a selective long in quality technology names, but position sizing should stay disciplined ahead of NFP. Brent below $77 keeps energy names in a holding pattern; gold between $4,080 and $4,150 offers a range-trade opportunity with asymmetric upside if payrolls disappoint. In currencies, USD/JPY short looks like the highest-conviction macro trade of the week given BoJ pressure building at 161-plus. The global market’s next 72 hours will be defined by one question: does the US labour market give the Fed permission to cut, or does it force another season of waiting?

Bank of Maharashtra Ltd. | CMP Rs. 85 | M Cap Rs. 65447 Cr | 52 W H/L 95/52

(Nirmal Bang Retail Research)

Result is declining

Advances came at Rs. 301934 Cr (+27% YoY, +4.8% QoQ)

Net Interest Income came at Rs. 3770 Cr (14.5% YoY), YoY Rs. 3292 Cr, QoQ Rs. 3702 Cr

NIM came at 3.79% vs 3.86% QoQ, 3.95%YoY

Non-Interest Income came at Rs. 1029 Cr vs, YoY Rs. 825 Cr, QoQ Rs. 938 Cr

PBP came at Rs. 3117 Cr vs YoY Rs. 2570 Cr, QoQ Rs. 2946 Cr

Provisions came at Rs. 840 Cr vs, YoY Rs. 867 Cr, QoQ Rs. 617 Cr

Adj. PAT came at Rs. 2020 Cr (26.8% YoY) vs, YoY Rs. 1593 Cr, QoQ Rs. 2014 Cr

Gross NPA came at Rs. 4434 Cr vs QoQ Rs. 4388 Cr at 1.45% vs QoQ 1.6%

Net NPA came at Rs. 405 Cr vs QoQ Rs. 412 Cr at 0.13% vs QoQ 0.15%

ROA came at 1.9% vs QoQ 1.9% & YoY 1.7%

Quarter EPS is Rs. 3

Stock is trading at 2x trailing P/Adj. BV

Elecon Engineering Company Ltd. | CMP Rs. 507 | M Cap Rs. 11376 Cr | 52 W H/L 682.9/352

(Nirmal Bang Retail Research)

Result ok

Last year company has some extraordinary gain of Rs.25cr included in Revenue and EBITDA 

Revenue from Operations came at Rs. 520.6 Cr (-30.2% QoQ, 6.1% YoY) vs QoQ Rs. 745.6 Cr, YoY Rs. 490.6 Cr

EBIDTA came at Rs. 109.1 Cr (-30.9% QoQ, -16.3% YoY) vs QoQ Rs. 158 Cr, YoY Rs. 130.3 Cr

EBITDA Margin came at 21% vs QoQ 21.2%, YoY 26.6%

Adj. PAT came at Rs. 70.4 Cr vs QoQ Rs. 107.8 Cr, YoY Rs. 95 Cr

Quarter EPS is Rs. 3.1

Stock is trading at P/E of 33.7x TTM EPS

15 Stocks Closed at Fresh Lifetime Highs on July 10

TMB 

Rubi Mills 

Beta Drugs 

Nita Gelatin 

Phoenix Mills 

Goodluck India 

Afcom Holdings 

Sai Life Sciences 

Godrej Industries 

Timex Group India 

Anand Rathi Wealth 

Suven Life Sciences 

Bajaj Consumer Care 

India Nippon Electricals 

Nuvama Wealth Management 

US strikes Iran after Strait of Hormuz ship attack; Tehran hits Gulf states

US strikes Iran after Strait of Hormuz ship attack; Iran retaliates across Gulf

US strikes Iran after a Hormuz ship attack as Tehran retaliates across Gulf states, raising fears over oil supplies, shipping security and regional conflict.

Stock to buy today: Piramal Pharma (₹177.10)

Stock to buy today: Piramal Pharma (₹177.10)

Buy Piramal Pharma at ₹177; expect a rally with support at ₹165 and exit targets of ₹205.