Stock Market Crash News Live Updates: GIFT Nifty Points To Negative Open For Nifty, Sensex; Brent Crude Surges Above $76 A Barrel

• Jefferies’ Mahesh Nandurkar expects resilient activity and higher nominal GDP to drive revenue growth to a 13-quarter high in the June quarter.
• The brokerage expects earnings, excluding oil and gas and metals, to grow 12% year-on-year. Lending financials, non-lending financials and telecom are expected to report earnings growth of more than 15%.
• Jefferies expects cement, pharma, IndiGo and chemicals to report a year-on-year decline in earnings.

• Morgan Stanley’s Ridham Desai expects revenue growth momentum to remain healthy in the June quarter, with all 10 sectors likely to report positive revenue growth.
• Earnings may face pressure from input cost-led margin compression, though India remains in a higher earnings growth phase backed by policy stimulus, the report said.
• The brokerage expects Bharti Airtel and Axis Bank to be the biggest contributors to aggregate BSE Sensex earnings, while IndiGo is expected to be the weakest performer.

• BSE shares are down 11.2% since June, while MCX has fallen 10.5%, compared with a 3.6% decline in the Nifty 50.
• The underperformance comes after a fall in premium turnover following RBI’s new framework, which took effect from July 1.
• BSE’s expiry-day premium turnover fell 11.4% in July from June, while NSE’s declined 14.3%. First-week premium turnover fell 10% for BSE, 24% for NSE and 43% for MCX from June.

• Adani Enterprises’ board approved the closure of its Rs 15,000 crore QIP issue.
• The company will issue 5.2 lakh shares at Rs 2,883 apiece, according to an exchange filing.

• Swiggy management said new food delivery offerings are aimed at expanding category adoption, while margin expansion is expected from operating leverage.
• In quick commerce, the company remains focused on profitable growth through better monetisation, retention and network utilisation. Contribution margin breakeven is expected in Q1 FY27.
• IIFL recommends a buy rating on Swiggy with a target price of Rs 480.

• India’s cumulative rainfall deficit narrowed to 24% as of July 5 from 43.1% as of June 28, aided by stronger rain across most regions, according to Barclays.
• Kharif sowing stood at 8.8 million hectares as of June 26, down 36.6% year-on-year. Pulses, oilseeds and rice sowing were lower from a year earlier.
• Reservoir storage improved to 33% of total capacity as of July 2 from 26% a week earlier, though levels remained below last year’s 43%.

• BSE launched the BSE Saatvik 100 Index on June 17, 2026. The index is drawn from BSE 500 companies that align with Saatvik principles.
• The index excludes companies that conflict with non-violence, compassion for living beings and avoidance of addictive products. It will be reconstituted in June and December.
• HDFC Bank has the highest stock weight at 10.2%, followed by ICICI Bank at 8.3% and Reliance Industries at 7.3%. Financial services has the highest sector weight at 39.8%.

• Ceigall India received appointed dates for three hybrid annuity road projects with a combined project cost of Rs 4,050 crore, allowing construction to start.

• IdeaForge opened its QIP issue on July 7 and set the floor price at Rs 835.86 per share, with an option to offer up to a 5% discount.

• NTPC Green Energy declared commercial operation of the first 50.4 MW phase of the Vanki Wind Energy Project in Gujarat from July 8.

• Restaurant Brands Asia said the Lenexis Foodworks-led acquirer group completed acquisition of control in the company with a Rs 2,235 crore investment.

• Embassy Developments reported Q1 pre-sales of Rs 868 crore, up 338% year-on-year, while collections rose 54% to Rs 496 crore.

• Investors will track annual general meetings of Tata Motors Passenger Vehicles and Nippon Life India Asset Management.
• Cochin Shipyard's offer-for-sale opens for retail investors, while CMR Green Tech's lock-in period ends.
• Knack Packaging will list, Kusumgar IPO will open, IdeaForge's QIP will open, and US FOMC minutes will be watched.

• Indian markets are set for a lower open as oil prices rose after US attacks on Iran and the US removed an Iran oil waiver.
• US futures and Japan’s Nikkei fell amid a tech-led sell-off, while Asian markets opened mixed. Gold held its decline.
• FIIs remained buyers in the cash market for the third straight day, while FII shorts stayed unchanged at 89%.

Thangamayil Jewellery and Vadilal Industries will be excluded from the ASM framework.

Digitide Solutions, Grand Oak Canyons Distillery and IFGL Refractories have been shortlisted under the short-term ASM framework Stage I.

• Capital Small Finance Bank saw Amicus Capital Private Equity I sell 8.34 lakh shares at Rs 300 apiece, while Lyptus Punch-Card Fund bought the same quantity at the same price.
• Polunin Emerging Markets Small Cap Fund bought 44.19 lakh shares in IOL Chemicals at Rs 166.65 apiece.
• Other bulk deals included Motisons, Ramco Systems, Saksoft, Share India Securities, Sumeet Industries and TARC.

Tata Motors Passenger Vehicles and Nippon Life India Asset Management will hold their annual general meetings.

• CMR Green Tech's one-month anchor lock-in ends for 50 lakh shares.
• The shares account for 2% of the company's outstanding equity.

• Knack Packaging Ltd. listed after its IPO was subscribed 87.17 times.
• The company provides packaging solutions and makes printed and laminated woven polypropylene bags, including pinch bottom, gusset, block bottom and retail shopping bags.
• The QIB portion was subscribed 160.22 times, NII 146.64 times and retail 21.09 times.

• Kusumgar Ltd.'s IPO will open for subscription today. The company makes woven, coated and laminated synthetic fabrics, known as engineered fabrics.
• For the year ended March 2026, the company reported total income of Rs 711.78 crore, profit after tax of Rs 98.2 crore and EBITDA of Rs 187.85 crore.

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• Stocks in focus include Maruti Suzuki, which received a customs order demanding Rs 4.74 crore in differential duty and an equal penalty, and Uno Minda, which approved entry into four-wheeler passenger vehicle seating systems with an investment of about Rs 320 crore through its joint venture.
• Cochin Shipyard will be tracked after the government exercised the oversubscription option in its offer for sale, raising the issue size to a 5.04% stake. NTPC Green Energy will issue Rs 2,500 crore of unsecured non-convertible debentures on July 9.
• Other stocks in focus include Axis Bank, Tata Capital, L&T Finance and Indian Overseas Bank on fund-raising updates, while Shilpa Medicare, Sterlite Technologies, RBL Bank and MTAR Technologies will be tracked after rating actions.

• Iran criticised the US decision, with Deputy Foreign Minister Kazem Gharibabadi saying it breached the Islamabad Memorandum of Understanding.
• He also accused Washington of violating the agreement through military operations and said Tehran would respond to protect its national interests and security.

• Oil prices rose as traders assessed the impact of renewed Middle East conflict on global supplies.
• Brent crude for September delivery gained 2.75% to $76.18 a barrel. West Texas Intermediate for August rose 2.87% to $72.46 a barrel.
• Investors tracked the Strait of Hormuz after the latest flare-up raised concerns over possible disruptions to energy flows.

• The US Central Command said its forces launched strikes against Iran after Tehran attacked three commercial vessels moving through the Strait of Hormuz.
• It said Iran’s actions violated the ceasefire and that the operation aimed to impose costs for attacks on civilian shipping.

• The US Treasury’s Office of Foreign Assets Control revoked a licence that had allowed some transactions involving Iranian crude oil.
• It replaced the June 21 waiver with a new authorisation requiring previously permitted activities to be wound down. The revised licence took effect on July 7.

• Oil prices rose as traders assessed the impact of renewed conflict in the Middle East on global supplies.
• Brent crude for September delivery gained 2.75% to $76.18 a barrel, while West Texas Intermediate for August rose 2.87% to $72.46 a barrel.
• Investors tracked risks around the Strait of Hormuz, a key route for global crude exports.

• Asian markets opened lower on Wednesday after the US launched fresh strikes on Iran, raising concerns over regional stability and energy supplies.
• Japan's Nikkei 225 fell 0.90%, South Korea's Kospi slipped 0.07%, and Australia's ASX 200 declined 1.29%.

• The GIFT Nifty traded at 24,270.50, compared with Tuesday’s Nifty 50 close of 24,398.70.
• The indicator pointed to a lower start for Indian equity benchmarks.