Stock Market Crash News Live Updates: Nifty Falls Near 24,050, Sensex Slides Over 500 Points; Nuvoco Vistas Surges After Q1 Results

Godawari Power and Ispat Ltd. has temporarily suspended operations at its pellet plant in Raipur, Chhattisgarh, due to a shortage of gas supply from GAIL (India) Ltd., the company said in an exchange filing.

The disruption is expected to impact pellet sales during the second quarter of the current financial year. The company did not specify when operations are expected to resume.

• Kernex Micro Systems received an order worth Rs 101 crore from the Integral Coach Factory (ICF), Chennai.
• The order is for supply of KAVACH equipment.
• The company disclosed the development in an exchange filing.

• Union Minister Giriraj Singh said the government is engaging with investors looking to diversify away from Southeast Asian economies.

• He said textile clusters such as Tiruppur, Surat, Panipat and Ludhiana are witnessing growth.

• The minister said ease-of-doing-business measures have helped the sector.

• He added that import duty on cotton has been waived until October to address supply concerns.

• Singh said India is competing globally in the textiles sector.

• He noted that exports have come from more than 550 districts across the country.

• India has also developed over 25 brands catering to global markets, he said.

• The government has received revised bids from the two foreign bidders in the IDBI Bank disinvestment process, according to official sources.

• Fairfax Holdings and Emirates NBD remain in the race for the stake sale.

• Sources said Fairfax Holdings' revised bid is now closer to the government's reserve price.

• The Centre is targeting around Rs 50,000 crore from the IDBI Bank stake sale.

• The winning bidder has not yet been finalised.

• A decision on the stake sale is expected in about a month, sources said.

• BofA's latest Global Fund Manager Survey showed investor sentiment turning more bullish, driven by expectations of stronger economic growth, AI-led capital expenditure and a dovish Federal Reserve.

• Cash allocations fell to 3.6% from 4.1%, among the lowest levels in recent years.

• Fund managers' overweight position in US equities is the highest since December 2024.

• Expectations for a global economic "boom" are at their strongest since February 2022.

• BofA's Bull & Bear Indicator stands at 9.4, an extreme bullish reading.

• The brokerage said investors should consider reducing equity and high-beta exposure at current levels.

• BofA added that upside for risk assets during the summer could be limited due to already crowded bullish positioning.

• Madhya Pradesh Tech Growth Conclave 3.0 has paved the way for investments worth nearly Rs 40,000 crore and over 34,000 jobs, Chief Minister Mohan Yadav said, PTI reported.

• The state government said 51 major activities were completed during the conclave.

• Madhya Pradesh has received investment proposals worth Rs 46,000 crore through the last two Tech Growth Conclaves.

• Investments worth over Rs 12,000 crore have materialised in the technology sector since the Global Investors Summit 2025.

• The Chief Minister said the state has fulfilled all commitments made during the latest edition of the conclave.

• Raymond James Investment Management's Matt Orton said Japan is currently dealing with rising bond yields and a weakening yen.

• He said managing the rupee remains one of the key challenges for the RBI.

• Orton said he does not expect an energy shock at this stage.

• He added that monitoring inflation trends will remain crucial for markets.

• Investors should wait for greater clarity before taking aggressive positions, according to Orton.

• He expects better visibility on global uncertainties in the near term.

• Orton noted that markets have been more resilient than expected despite recent geopolitical developments.

• Tata Power is in talks with lenders to raise at least $450 million through the external commercial borrowing route, Bloomberg reported.

• The proposed five-year loan is expected to be backed by Tata Power's holdings in subsidiaries in Indonesia and Singapore.

• Discussions are at an early stage and key terms, including pricing, are yet to be finalised.

• Tata Power declined to comment on the report.

• The fundraise could support liquidity as the company accelerates investments in renewable energy, transmission and distribution.

• CareEdge had earlier noted that Tata Power may refinance debt exposure amid significant repayments over the next three years and ongoing capex plans.

• Wedbush Securities' Moshe Katri said Indian IT companies continue to trade at a premium to their US peers.

• He said it is too early to establish a broader trend and that more than one quarter of data is needed.

• Katri compared the current AI transition to the earlier shift toward cloud technologies.

• He said the pivot towards AI will take time for IT companies.

• The sector is seeing encouraging signs, but a broader growth pickup is still needed.

• Indian IT companies are investing in AI infrastructure and AI models.

• Deal wins and booking trends were positive in the latest quarter.

• Katri said AI booking trends appear healthy.

• Pakistan's benchmark KSE-100 index fell 2% to 176,439.70.
• The decline comes amid weakness in regional markets and heightened geopolitical concerns.

• The rupee weakened below the 96 per dollar mark for the first time since May 22, 2026, amid a sharp rise in crude oil prices and renewed geopolitical concerns.

• During Tuesday's session, the rupee fell as much as 30 paise to 95.62 against the US dollar.

• Analysts said higher oil prices and safe-haven demand for the dollar weighed on the currency.

• Brent crude climbed above $85 per barrel, while WTI crude moved close to $80 per barrel after comments by US President Donald Trump on the Strait of Hormuz and Iranian ports.

• Market participants are also tracking RBI intervention after recent volatility in the currency market.

• Analysts expect the rupee to remain under pressure if elevated crude prices persist.

• Swiggy fell 1.97%, the biggest loser in the consumption basket.

• Westlife Foodworld declined 1.14%, while Eternal slipped 0.74%.

• Jubilant FoodWorks was down 0.15%.

• Barbeque-Nation Hospitality was largely flat, up 0.01%.



 

• Zensar Technologies rose 1.39%, leading gains in the IT pack.

• Coforge and TCS gained 1.21% each.

• Wipro advanced 0.59%, while Happiest Minds and Sonata Software rose 0.53% and 0.52%, respectively.

• Tech Mahindra added 0.30% and Persistent Systems gained 0.20%.

• Newgen Software was the biggest loser, down 2.70%.

• HCL Technologies fell 1.80%, while Hexaware Technologies declined 1.10%.

• Fractal Analytics and Tata Elxsi dropped 0.88% and 0.86%, respectively.

• Oracle Financial Services, Latent View Analytics, KPIT Technologies and Infosys also traded lower.



 

• Nifty IT was the top-performing sector, rising 0.84%, followed by Pharma up 0.53% and Metal gaining 0.40%.

• FMCG also traded higher, up 0.26%.

• Nifty Defence was the biggest loser, down 1.06%, while Financial Services fell 0.97% and Auto declined 0.93%.

• Realty, Bank and PSU Bank indices dropped between 0.77% and 0.84%.

• Media, Rural, Oil & Gas, Consumption and Energy indices also traded in the red.



 

• The NSE Nifty 50 fell as much as 0.66% to 24,050.
• The BSE Sensex fell as much as 0.7% or 546 points to 77,070.72

• Nifty 50 fell 0.51% or 124.45 points to 24,086.55.

• Sensex declined 0.34% or 262.33 points to 77,354.07.

• Both benchmark indices indicated a softer start in pre-market trade after the previous session's gains.

The Indian rupee weakened against the US dollar. The local currency depreciated as much as 34 paise to 95.96 against the greenback.

• SBI Funds Management raised Rs 2,663 crore from 129 anchor investors at Rs 574 per share ahead of its IPO.

• Global investors in the anchor book include BlackRock, Abu Dhabi Investment Authority, Morgan Stanley, Goldman Sachs, Citigroup, Capital Group, Government of Singapore, Fidelity and Societe Generale.

• Domestic investors include HDFC AMC, ICICI Prudential AMC, Nippon Life India, Kotak Mahindra AMC, LIC, HDFC Life Insurance, Abakkus Funds, Helios MF and Malabar India Fund.

• The company had earlier raised Rs 1,880 crore in a pre-IPO round from investors including 3P India Equity Fund, PI Opportunities Fund, Akash Bhanshali, Malabar India Fund, Carnelian Capital and WhiteOak Capital India.

• ICICI Prudential AMC reported a 25.5% increase in net profit to Rs 965 crore from Rs 769 crore in the previous quarter.

• Total income rose 20.2% quarter-on-quarter to Rs 1,745 crore.

• Total mutual fund QAAUM stood at Rs 11.17 lakh crore, compared with Rs 11.04 lakh crore in the previous quarter, up 1.1%.

• Nifty July futures rose 0.03% to 24,249, trading at a premium of 38 points over the spot index.
• Maximum Call open interest is at the 24,500 strike.
• Maximum Put open interest is at the 24,000 strike.
• Kaynes remains in the F&O ban period.

• In Jana Small Finance Bank, QRG Investments and Holdings sold 10.77 lakh shares at Rs 488.3 per share, while Monet Securities bought an equal number of shares at the same price.

• Agreya Capital Advisors sold 5.77 lakh shares of Fino Payments Bank at Rs 154.2 per share.

• HRTI Private sold 1.87 lakh shares of Kalyan Jewellers at Rs 509.56 per share.

• HDFC Securities sold 44.75 lakh shares of Energy Infrastructure Trust at Rs 79.80 per share.

• Remcom Sales Services bought 3.45 lakh shares of Indian Hume Pipe at Rs 394.43 per share.

• Zensar Technologies saw HRTI Private buy 1.05 lakh shares at Rs 532.57 per share.

• In Sumeet Industries, Padmini Polytex sold 80 lakh shares at Rs 2.48 per share, while Ajay Mittal, Mansi Share and Stock Broking and Prijal Tradefin bought shares through separate transactions.

• Arihant Capital Markets sold 9.62 lakh shares of Motisons Jewellers at around Rs 14.3 per share, while HRTI Private also sold 1.08 lakh shares.

• Exicom, Agi Infra, BF Investment, One Mobikwik Systems, Newgen Software and SKM Egg Products also witnessed bulk deal transactions during the session.

• Companies scheduled to announce earnings include Anand Rathi Share and Stock Brokers, Jindal Saw, L&T Technology Services, Madhya Bharat Agro Products, SG Finserve and Tata Elxsi.
• Investors will track management commentary, margin performance and outlook across financial services, engineering and technology sectors.

• SBI Funds Management, the investment manager of SBI Mutual Fund, will open its IPO on July 14 and close on July 16.

• The issue size is Rs 9,812.91 crore.

• The IPO is entirely an Offer For Sale (OFS) of 17.10 crore shares.

• The company is India's largest asset management company.

• The proposed listing date is July 21.

• Mufin Green Finance board will meet to consider a fund-raising proposal.
• Anand Rathi Share and Stock Brokers board will also consider a fund-raising proposal.

• HCL Technologies approved an investment of Rs 3,500 crore to set up AI data centres in India through new wholly owned subsidiaries and approved incorporation of a subsidiary for the project.

• BEL received fresh orders worth Rs 572 crore.

• PDS signed a multi-year sourcing partnership with a French retailer, managing over $250 million in annual apparel sourcing volumes from November 1.

• Poonawalla Fincorp approved issuance of Rs 500 crore secured NCDs.

• Emcure Pharmaceuticals acquired the remaining 12.05% stake in Gennova Biopharmaceuticals for Rs 231.87 crore.

• Aster DM Quality Care allotted 35.36 crore shares to shareholders of erstwhile Quality Care India.

• SBI raised $200 million through senior unsecured floating-rate notes.

• HCL Technologies also approved the appointment of Jacob Christian Dahl as an Independent Director.

• Adani Enterprises and Jabil announced a strategic alliance for AI data centre infrastructure in India.

• Route Mobile approved acquisition of Heltar Technologies' AI-led omnichannel business through its subsidiary.

• NHPC resumed commercial operations of two 170 MW units at the Teesta-V power station in Sikkim.

• RailTel received a Rs 15.77 crore order from Munitions India, while EMS emerged as the lowest bidder for a Rs 105.82 crore sewerage project.

• GIC Re will be in focus as the government launches an OFS of up to 5% stake.

• Zee Entertainment received RBI approval to redeem FCCBs worth $23.9 million and cancel the remaining $215.1 million commitment.

• Kalyani Steels said it is seeking revocation of a CPCB closure order for its Koppal plant.

• Gujarat Themis settled arbitration proceedings against Optimus Drugs.

• TVS Motor's board will meet on July 21 to consider raising Rs 1,000 crore via NCDs.

• Jaykay Enterprises approved a rights issue of up to Rs 155 crore.

• HCLTech reported Q1 revenue of Rs 34,579 crore, up 1.75% QoQ from Rs 33,981 crore.

• Net profit increased 3.03% QoQ to Rs 4,624 crore, while EBIT rose 3.75% to Rs 5,831 crore.

• EBIT margin improved to 16.86% from 16.53% in the previous quarter, up 39 basis points.

• Constant currency revenue declined 0.5% QoQ, compared with a 3.3% decline in Q4.

• Advanced AI revenue stood at $171 million, up 10.6% QoQ and 62.1% YoY in constant currency terms.

• Total contract value (TCV) came in at $2.4 billion, compared with $1.93 billion in Q4, marking the company's highest-ever Q1 booking.

• HCLTech plans to invest up to Rs 3,500 crore in its data centre business, with potential to scale capacity to 50 MW.

• Nuvoco Vistas reported a 20% rise in consolidated net profit to Rs 160 crore from Rs 133 crore a year ago.

• Revenue increased 8.9% to Rs 3,129 crore from Rs 2,873 crore.

• EBITDA rose 9.6% to Rs 568 crore from Rs 519 crore in the corresponding quarter last year.

• EBITDA margin improved marginally to 18.2% from 18.1%.

• The company also said it incurred a one-time loss of Rs 48 crore in Q4 FY26.

• Asian markets opened lower after higher crude oil prices weighed on sentiment.

• Japan's Nikkei 225 fell 1.17%, while the Topix declined 0.51%.

• South Korea's Kospi dropped 2.01%, and the Kosdaq lost 1.8%.

• Australia's S&P/ASX 200 also traded in the red.

• The weakness followed concerns over global oil supplies after US President Donald Trump's comments on shipping through the Strait of Hormuz and Iranian ports.

• Oil prices surged after US President Donald Trump proposed charging ships transiting the Strait of Hormuz and reimposing a blockade on Iranian ports.
• The proposal raised concerns about global oil supplies and renewed geopolitical tensions in the Middle East.
• The development weighed on market sentiment, with investors assessing the potential impact on energy flows and shipping through the key maritime route.
• Higher crude prices added to caution across global markets.

• GIFT Nifty traded at 24,056.50, compared with Monday's Nifty 50 close of 24,211.00.
• The early indicator was about 154.5 points lower than the previous close.