Markets open today
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📊 ECONOMY & POLICY
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📈 Sensex, Nifty end flat as West Asia jitters cap gains; flat open seen today
Nifty closed at 24,072.75 (−5.75 pts) and Sensex at 77,186.87 on Thursday; GIFT Nifty near 24,066 signals a flat-to-soft start Friday, with 24,050 the key support and India VIX at a calm 12.87.
The government handles persistent FII outflows (₹735.83 cr sold Wednesday) while DIIs keep absorbing with ₹705 cr inflows, stabilizing markets.
📎 Read: Business Standard
📉 Crisil trims FY27 GDP growth forecast to 6.6% from 7.7%
The rating agency expects growth to moderate this fiscal as elevated crude, rising inflation and global uncertainty bite.
A slower-growth backdrop complicates earnings assumptions priced into current valuations as macro headwinds strengthen.
📎 Read: BW Businessworld
🇨🇳 India’s imports from China hit record $79.4 bn in H1 2026, up 21.8%
Chinese customs data show first-half imports at an all-time high even as New Delhi pushes self-reliance.
The widening trade gap keeps pressure on the rupee and sharpens the policy case for PLI-style import substitution.
📎 Read: NewsBytes
https://www.newsbytesapp.com/news/business
💵 Rupee stays below 96/USD as crude and outflows weigh
The rupee is holding under the psychologically key 96 mark first breached this week, pressured by elevated Brent and FII selling.
Imported-inflation risk keeps an August RBI rate action live in market pricing as local dynamics remain defensive.
📎 Read: NewsBytes
https://www.newsbytesapp.com/news/business
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🏢 COMPANIES
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💻 Wipro Q1 FY27: profit flat at ₹3,352 cr, misses estimates; margins at 15-quarter low
Revenue rose 10.6% YoY to ₹24,479 cr but IT services grew just ~1% YoY in constant currency.
Large-deal bookings of $1.6 bn (+12.9% QoQ) and AI-led pipeline remain the bright spots against weak discretionary spend.
📎 Read: Business Standard
🚀 Tech Mahindra Q1 PAT jumps 28% to ₹1,465 cr; deal wins top $1 bn for third straight quarter
Revenue rose 17.7% YoY to ₹15,712 cr with EBIT margin expanding ~330 bps YoY to 14.4%.
New deal TCV of $1.08 bn (+33% YoY) signals the turnaround under Mohit Joshi is gaining strong traction versus peers.
📎 Read: Business Today
🔥 Jio Financial Q1 profit surges 155% to ₹830 cr; NBFC AUM at ₹30,667 cr
Consolidated PAT jumped from ₹325 cr a year ago as lending AUM grew 2.6x YoY.
Management credits AI and data-analytics-driven efficiency across the full-stack financial services build-out.
📎 Read: Upstox
🛠️ BHEL swings to ₹377 cr Q1 profit from year-ago loss as power segment turns around
Consolidated net profit of ₹376.71 cr versus a ₹455.5 cr loss last year, with revenue growing faster than expenses.
A sustained execution recovery validates the ongoing re-rating in PSU capital-goods names.
📎 Read: Business Standard
📉 ICICI Lombard crashes 15% as claims and commission costs mar Q1
The general insurer’s stock suffered a steep single-day fall after rising claim payouts, commission expenses and outstanding claims disappointed the Street.
The read-through is turning distinctly negative for general-insurance peers’ combined ratios.
📎 Read: Upstox
🏛️ Union Bank Q1 profit up 29.5% to ₹5,332 cr on core income strength
Standalone NII rose 10.1% YoY to ₹10,037 cr with NIM improving to 2.80%.
Healthy PSU-bank prints keep the sector’s earnings momentum intact heading into the heavyweight private-bank results.
📎 Read: Business Standard
📊 HDFC Life Q1 profit rises 12% to ₹611 cr; AUM crosses ₹4 lakh crore
Net premium income climbed to ₹16,548 cr from ₹14,466 cr a year earlier.
Steady premium growth supports the private life-insurance sector narrative even as health insurers steal the Q1 spotlight.
📎 Read: Upstox
📈 Angel One Q1 profit more than doubles to ₹231 cr on retail trading boom
Consolidated PAT rose from ₹114.5 cr a year ago on strong retail participation and volumes.
A robust print for the broking pack ahead of the SBI Funds Management IPO wave adds to capital-market sentiment.
📎 Read: Upstox
🇮🇳 Paytm’s domestic ownership climbs to 51.6%, cementing Indian-owned status
One 97 Communications’ latest shareholding pattern shows domestic investors up from 50.3% last quarter.
Consolidating its Indian-Owned and Controlled Company milestone is highly relevant for payment-licensing headroom.
📎 Read: Upstox
🏦 SBI taps dollar bond for $200 mn via London branch today
The lender reopened an existing issue maturing July 2029, with issuance dated July 17.
Steady offshore fundraising by the country’s largest bank signals continued access to dollar markets despite Gulf risk premia.
📎 Read: NewsBytes
https://www.newsbytesapp.com/news/business
🚢 Caliber Mining & Logistics IPO opens today at ₹402–424 band
Subscription runs July 17–21 with a mix of fresh issue and OFS.
Primary-market appetite is being watched closely as a risk-sentiment gauge amid geopolitical noise, alongside SBI Funds Management IPO buzz.
📎 Read: NewsBytes
https://www.newsbytesapp.com/news/business
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🌍 GLOBAL & WORLD
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🛑 US-Iran war escalates: Iraq suspends crude loading at Basra after drone hits tanker
The US struck a tanker near Iran’s main export terminal for the first time since reimposing its blockade; Iran retaliated against US bases in Kuwait and Jordan, prompting a total halt at Iraqi export terminals.
This escalation presents a direct supply threat for India’s crude basket as regional hostilities disrupt trade lines.
📎 Read: TradingEconomics
https://tradingeconomics.com/commodity/crude-oil
🛢️ Brent holds near $85 as Hormuz risk offsets profit-taking
Brent September futures settled at $84.95 and WTI at $79.60, with the Strait of Hormuz—carrying nearly a fifth of global crude—remaining the central focus.
Sustained $85+ crude pressures India’s CAD, OMC margins, aviation, and paints sectors.
📎 Read: CNBC
https://www.cnbc.com/2026/07/15/oil-prices-today-brent-wti-hormuz-blockade.html
📉 Wall Street slips as chip rout deepens: Nasdaq −1.5%, S&P 500 −0.5%
The S&P 500 closed at 7,533.77 and the Dow at 52,552.97 Thursday as semiconductor weakness overshadowed solid corporate earnings.
Tech and communication were the only losing sectors, handing a soft momentum queue over to Indian IT and GIFT Nifty.
📎 Read: CNBC
https://www.cnbc.com/2026/07/15/stock-market-today-live-updates.html
📉 TSMC’s capex hike to $60–64 bn spooks semis despite Q2 beat
Taiwan Semi raised full-year spending guidance from $52–56 bn, sending its stock down 2% and the SMH chip ETF down almost 4% (led by a 5%+ fall in Arm).
The escalating debate around AI-capex intensity is heavily driving global tech risk appetite.
📎 Read: CNBC
https://www.cnbc.com/2026/07/15/stock-market-today-live-updates.html
🤖 Alphabet sinks 4.4% on reported Gemini 3.5 Pro delay
Bloomberg reported Google is behind schedule on its most powerful AI model, dragging communication-services stocks lower.
AI delivery timelines are rapidly becoming a major stock-moving variable for mega-cap tech globally.
📎 Read: Yahoo Finance