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Stock Market Today: All You Need To Know Going Into Trade On July 16

July 16, 2026

Good Morning!

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is up 0.29% at 24,112 as of 6:53 am. Equity-index futures for the US (S&P 500) and Europe (Euro Stoxx 50) remained flat.

India Market Recap

Indian equity benchmarks erased gains after gaining in the morning session, resuming gains after a one-day breather. The NSE Nifty 50 closed 0.09% or 22.80 points higher at 24,074.85, while the BSE Sensex rose 0.16% or 120.26 points to end at 77,175.20.

US Markets Recap

US stocks traded higher in early deals on Wednesday, led by a rebound in software stocks that pushed the Nasdaq Composite to the top of Wall Street’s major indexes.

As of 9:37 a.m. EDT, the Nasdaq Composite was up 193.82 points, or 0.74%, to 26,300.83, outperforming its peers as buying interest returned to technology and software names.

The S&P 500 gained 36.84 points, or 0.49%, to 7,580.43, while the Dow Jones Industrial Average rose 279.84 points, or 0.53%, to 52,788.11, according to real-time market data.

Asian Market Update

Asian stock markets opened lower on Thursday following another round of selling in semiconductor shares. South Korea’s Kospi fell 5.07%, while Japan’s Nikkei 225 fell 2.55%. Australia’s ASX 200 bucked the regional trend, edging up 0.07%

Commodity Check

Oil prices jumped for a fourth consecutive session on Thursday amid ongoing tensions between the United States and Iran kept traders focused on the risk of supply disruptions through the Strait of Hormuz. Global benchmark Brent crude traded near $85 a barrel, after surging about 12% over the previous three sessions, while West Texas Intermediate (WTI) hovered around $80 a barrel.

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Earnings And Updates

Himadri Specialty Chemical Q1FY27 Highlights (Consolidated)

Net Profit Up 26.3% at Rs. 230 crore vs Rs. 182 crore YoY

Revenue Up 28.0% at Rs. 1,432 crore vs Rs. 1,118 crore YoY

Ebitda Up 17.6% at Rs. 287.9 crore vs Rs. 244.9 crore YoY

Ebitda Margin at 20.1% vs 21.9% YoY

Other Income at Rs. 56.3 crore vs Rs. 26.7 crore YoY

Approved Rs. 170 crore capex for manufacturing Super Specialty Carbon Black

Approved Rs. 128 crore capex for capacity expansion

Approved Rs. 70 crore capex for Carbon Nano Tubes facility

HDFC Life Insurance Q1FY27 Highlights (Consolidated)

New Business Premium Up 12.0% YoY to Rs. 8,143 crore vs Rs. 7,272 crore

Annual Premium Equivalent Up 9.0% YoY to Rs. 3,515 crore vs Rs. 3,225 crore

Value of New Business (VNB) Up 8.7% YoY to Rs. 879 crore vs Rs. 809 crore

VNB Margin at 25.0% vs 25.1% YoY

13-Month Persistency at 84% vs 86% YoY

61-Month Persistency at 65% vs 64% YoY

Net Profit Up 11.5% at Rs. 611 crore vs Rs. 548 crore YoY

Net Premium Income Up 15.1% at Rs. 16,728 crore YoY

Angel One Q1FY27 Highlights (Consolidated)

Net Profit Down 27.8% at Rs. 231 crore vs Rs. 320 crore QoQ

Revenue Down 2.1% at Rs. 1,430 crore vs Rs. 1,459 crore QoQ

Ebitda Down 19.0% at Rs. 485 crore vs Rs. 599 crore QoQ

Ebitda Margin at 33.9% vs 41.0% QoQ

HDB Financial Services Q1FY27 Highlights

Net Profit Up 38.3% at Rs. 785 crore vs Rs. 568 crore YoY

Revenue Up 10.6% at Rs. 4,938 crore vs Rs. 4,465 crore YoY

Disbursements for Q1FY27 Up 16.2% YoY to Rs. 17,629 crore

Gross Stage 3 at 2.34%

Recorded highest-ever quarterly PAT of Rs. 785 crore, Up 38.3% YoY

Jana Small Finance Bank Q1FY27 Highlights

Net Interest Income Up 33.0% at Rs. 782 crore YoY

Net Profit Up 52.3% at Rs. 155 crore vs Rs. 102 crore YoY

Gross NPA at 2.24% vs 2.33% QoQ

Net NPA at 0.85% vs 0.87% QoQ

NIM at 7.5% vs 7.2% QoQ

ICICI Lombard Q1FY27 Highlights

Net Profit Down 46.0% at Rs. 403 crore vs Rs. 747 crore YoY

Net Premium Earned Up 16.0% at Rs. 5,950 crore vs Rs. 5,136 crore YoY

Solvency Ratio at 2.71 vs 2.67 QoQ

MRPL Q1FY27 Highlights (Consolidated)

Net Profit at Rs. 946 crore vs Rs. 117 crore QoQ

Revenue Up 59.7% at Rs. 38,254 crore vs Rs. 23,950 crore QoQ

Ebitda Down 26.1% at Rs. 1,318 crore vs Rs. 1,783 crore QoQ

Ebitda Margin at 3.4% vs 7.4% QoQ

Reported one-time gain of Rs. 472 crore in Q1

Emmvee Photovoltaic Q1FY27 Highlights (Consolidated)

Net Profit at Rs. 380 crore vs Rs. 188 crore YoY

Revenue Up 51.3% at Rs. 1,556 crore vs Rs. 1,028 crore YoY

Ebitda Up 56.4% at Rs. 548 crore vs Rs. 350 crore YoY

Ebitda Margin at 35.2% vs 34.1% YoY

Stocks to Watch

TVS Holdings: Subsidiary Home Credit India to acquire 100% of Varthana Finance for Rs 967 crore, subject to RBI approval.
Shilpa Medicare: Sridevi Khambhampaty resigned as CEO of subsidiary Shilpa Biologicals.
Jain Resource Recycling: Tamil Nadu industrial authorities issued a safety order for Unit-II following the furnace fire incident.
India Pesticides: Fungicide received EU Technical Equivalence approval.
Karnataka Bank: Appointed Biji Sreekrishnavilas Sankaranarayanan as Executive Director, effective July 15, 2026.
IndiQube Spaces: Added 3.9 lakh sq. ft. property in Sector 142, Noida.
Adani Power: Signed a 25-year power supply agreement with MSEDCL for 1,600 MW from a new 2×800 MW plant.
Amara Raja: Commissioned a 60 MWh CQP in Telangana with an investment of Rs 500 crore. Commercial cell production is expected next year.
SBFC Finance: Appointed Sanket Agrawal as CFO. Narayan Barasia resigned as CFO.
Medplus Health: Subsidiary received three suspension orders for a drug licence at a store in Karnataka.
India Shelter Finance: Board to meet on July 20, 2026 to consider raising up to Rs 100 crore through non-convertible debentures.
Spandana Sphoorty Financial: Acquired the remaining stake in Criss Financial. Will re-evaluate and modify the proposed merger scheme before seeking fresh approval.
Archean Chemical: Investee company Offgrid Energy Labs, in which the company holds an 18.14% stake, inaugurated its first 10 MWh Zinc Bromide battery pilot manufacturing facility in the UK.
Latent View: Appointed Sonal Ramrakhiani as Chief Executive Officer.
NTPC Green: Subsidiary Ayana won a 50 MW wind project in an SECI tender at Rs 3.85/kWh.
Gallant Ispat: Pradyumna Kumar Satpathy resigned as CFO.
Brigade Enterprises: Board approved 34.23 lakh warrants worth Rs 180 crore. Also approved non-convertible debentures of up to Rs 1,500 crore.
Exide Industries: Invested Rs 100 crore in wholly owned subsidiary Exide Energy Solutions.
Tata Capital: Raised $400 million through its second international bond issuance. S&P assigned a BBB rating to the proposed senior unsecured notes under its $2 billion MTN programme.
Ather Energy: Approved a preferential equity issue at Rs 1,230/share versus a floor price of Rs 1,175.74/share. Launched its QIP on July 15, 2026 with a floor price of Rs 1,169.70/share and flexibility to offer a discount of up to 5%. Warrant conversion price fixed at Rs 1,260/share.
Embassy Developments: Promoter group entity Embassy Property Developments released the pledge on an additional 1 crore shares following the release of 2 crore pledged shares in June 2026. Allotted non-convertible debentures aggregating to Rs 1,020 crore.
Niva Bupa Health Insurance: Received a GST refund of Rs 22.12 crore. ICRA assigned an AAA (Stable) issuer rating.
Himadri Specialty Chemical: Approved a Rs 70 crore investment to set up a 200 MTPA Carbon Nano Tubes manufacturing facility. Also approved installation of a Super Specialty Carbon Black facility at its Mahistikry plant. Both facilities are expected to be commissioned by Q4FY28.
HDFC Bank: Received RBI approval for the appointment of Rajiv Kumar as Part-time Chairman for a three-year term.
Nestle India: Received a VAT reassessment order from the Tripura tax authorities demanding Rs 6.67 crore.
Windsor Machines: Appointed Mohan Ramachandran as CEO, effective July 16, 2026.
PC Jeweller: Repaid and cleared outstanding debt with one more consortium bank, taking the total to four of 14 banks. All four loans were prepaid ahead of schedule.
Lloyds Engineering Works: Approved the acquisition of a controlling stake in Steel Infra Solutions through a preferential share swap. Also approved a Rs 4.99 crore preferential issue to fund fresh equity investment into SISCOL.
State Bank of India: Appointed Sunil Ramgopal Agrawal as CFO.
Spice Lounge: Opened its first Wing Zone outlet in Bengaluru and plans a nationwide expansion.
Knack Packaging: Board approved the sub-lease of a factory land and building in Gandhinagar from Dayana Polyplast. Also approved leasing the associated plant and machinery to expand manufacturing operations.
GMR Airports:
- June passenger traffic across portfolio airports down 0.3% to 97.6 lakh (YoY).
- Q1 FY27 passenger traffic reached a record 3.02 crore.
- Delhi Airport reported record Q1 passenger traffic of 2.04 crore, up 6.9% (YoY), and record Q1 cargo volumes.
- Commenced operations at Nagpur Airport.
- Bhogapuram Airport achieved 99.7% project completion.
Hero MotoCorp: Ather Energy approved the preferential allotment of 76.19 lakh convertible warrants to Hero MotoCorp at Rs 1,260 per warrant, aggregating Rs 960 crore. Upon full conversion, Hero MotoCorp’s stake in Ather Energy will increase to 30.68% from 29.48%.

Board Meetings

Fund Raising

Piramal Finance

The South Indian Bank

Aurum PropTech

PC Jeweller

IPO Listings

Laser Power and Infra: manufacturing and infrastructure company that builds electrical grids, IPO Listing on 16th July, Price Upper Band Rs. 214, Price Lower Band Rs. 203

Category	Subscribed
QIB (Ex Anchor)	97.25x
NII	45.69x
bNII (> Rs 10L)	50.32x
sNII (< Rs 10L)	36.43x
Retail	6.95x
Total	41.05x

AGM

HDFC Life

Edelweiss

Gokul Agro

Ather Energy

Ajanta Pharma

India Shelter

Sheela Foam

Earnings

360 ONE WAM

Alok Industries

Bharat Heavy Electricals

Borosil Renewables

CEAT

GNA Axles

Hathway Cable & Datacom

ITC Hotels

Jio Financial Services

NELCO

PNB Gilts

Polycab India

Sterling and Wilson Renewable Energy

D.B.Corp

Wipro

Piramal Finance

The South Indian Bank

5Paisa Capital

Heritage Foods

Newgen Software Technologies

Tech Mahindra

WeWork India Management