Markets

SBI Funds Management has set a price band of ₹545 to ₹574 per share for what is being called the biggest IPO of 2026. The offering opens for public subscription on 14 July, giving investors direct exposure to one of India's largest mutual fund franchises.

Brent crude rose 1% to $78.80 a barrel and WTI climbed to $74.26 as U.S. strikes on Iran extended an oil rally into a third day. Traders are pricing in the risk of disruption to Strait of Hormuz supply flows, a chokepoint for roughly one-fifth of global oil.

Tata Consultancy Services reports its Q1 FY27 earnings today, with markets focused on revenue growth, deal wins, and management outlook on global IT spending. The results will set the tone for India's broader IT sector for the rest of FY27.

Indian benchmark indices posted their worst session in over three months after Donald Trump declared the Iran ceasefire over, sending crude oil prices sharply higher and the rupee lower. The selloff hit all sectors as India VIX surged, reflecting India's heavy dependence on Gulf oil imports.

Brent crude jumped 6.3% to $78.80 a barrel after President Trump declared the U.S.-Iran ceasefire "over," removing a key stabilizing assumption from energy markets. The spike raises fuel cost and inflation risks globally, with India among the most exposed given its heavy reliance on crude imports.

Shares of HPCL, BPCL, and IOC fell up to 5.4% on July 8, 2026, after a surge in crude oil prices driven by Middle East tensions revived margin pressure fears. Investors booked profits as higher crude costs risk squeezing the companies' refining and marketing earnings.

Cult.Fit has filed draft IPO papers with SEBI to raise Rs 950 crore through a fresh share issue, with existing investors including Temasek and Tata Digital also partially exiting via an offer for sale.

Cult.fit has filed its DRHP with SEBI for an IPO comprising a Rs 950 crore fresh issue and an OFS of 17.86 crore shares by existing investors. The company, last valued at Rs 12,600 crore, plans to use proceeds mainly for lease payments, debt repayment, and marketing.

Trent shares dropped more than 11% on the BSE on July 7, 2026, snapping a six-day winning streak after its Q1 FY27 business update disappointed investors. The sell-off reflects concerns that growth momentum at the Tata Group retailer may be slowing, putting its premium valuation under pressure.

Kalyan Jewellers shares dropped nearly 9% on July 7, 2026, after its Q1FY27 business update showed approximately 38% consolidated revenue growth, which fell short of market expectations. The selloff reflects how high valuations leave little room for any disappointment, even when headline growth looks strong.

The Dow Jones Industrial Average climbed 590 points to a new all-time high, but Meta Platforms, chip stocks, and optical networking companies fell sharply in the same session. The split signals a rotation from high-growth technology names into value and industrial stocks.

Brent crude fell to $71.26 and WTI to $68.19 on Wednesday, both at four-month lows, after Donald Trump said US-Iran talks in Qatar were progressing well. Recovering tanker traffic through the Strait of Hormuz added to optimism that a supply disruption is less likely.

Indian startup VC funding rose 21% to $6.9 billion in the first half of 2026, up from $5.7 billion a year ago, with June deal volume crossing $1 billion in a single week for the first time.

Global investors are reassessing Indian equities after Brent crude fell nearly 42% from its April 2026 peak of USD 126.4 to around USD 73, easing inflation fears and narrowing India's current account deficit.

US grid operators are warning that a Fourth of July heatwave could push electricity demand near record levels, compounded by surging AI data center loads. The combination of peak cooling demand and high baseline consumption from data centers is narrowing grid safety margins significantly.

Dow Jones futures fell while tech futures rose after Tesla, Sandisk, and AI stocks dropped in the prior session. Apple and Robinhood flashed technical buy signals, suggesting selective rotation within technology rather than a broad risk-off move.

Jio Platforms has filed its DRHP for what could be India's largest IPO, structured entirely as a fresh issue with no stake sale by existing shareholders. The listing could unlock significant value in Reliance Industries shares and reset India's IPO size record.

Indian markets opened higher on July 2, 2026, with the Sensex up around 400 points and Nifty 50 crossing 24,100, supported by a positive GIFT Nifty reading of 24,157.50. Kirloskar Oil Engines surged 14%, making it the sharpest single-stock mover in early trade.

Nayara Energy has reduced petrol prices by ₹5 per litre and diesel by ₹3 per litre after global crude costs fell on easing West Asia tensions and the reopening of a key maritime shipping route. The move raises pressure on state-owned fuel retailers to follow with their own price cuts.

Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.