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The Indian stock market rose for a third straight session on Friday. Sensex gained 166.5 points to close at 78,095, while Nifty 50 ended at 24,384. Vinod Nair said, "As the earnings season gathers pace, markets will seek confirmation that the recent improvement in earnings is broad-based rather than concentrated."
Nasdaq futures rose on Friday as Amazon shares surged 11% following strong cloud revenue growth. While Apple shares fell 7.8% due to supply constraints, investors found hope elsewhere. The S&P 500 equally weighted index showed gains for the fourth month, even as the Philadelphia Semiconductor index fell over 20% in July.
Bajaj Group overtook HDFC Group in market value after Bajaj Finance reported strong June-quarter earnings. The group reached a market capitalisation of ₹15.7 lakh crore, moving past HDFC’s ₹13.8 lakh crore. A sharp rally in Bajaj Finance shares helped the group become India's fourth-largest business conglomerate by market value.
Technocraft Ventures will open its IPO for public subscription on August 7. The Noida-based wastewater firm filed its red herring prospectus to offer 1.18 crore equity shares. The issue closes on August 11, with shares likely to list on August 14. The company plans to use funds for working capital.
SEBI gave approval to Polite Powertech and Kay Jay Forgings for their IPOs during the week ended July 31. Both companies filed draft papers in March 2026. Polite Powertech plans to raise funds for working capital, while Kay Jay Forgings aims to raise Rs 360 crore for expansion and debt repayment.
India’s cooperative banking sector includes 1,843 banks serving over 22 crore accounts across the country. These institutions hold deposits of ₹13 lakh crore and support many farmers. While they built deep community trust, the sector now faces structural and technological challenges that the Ministry of Cooperation started addressing after 2021.
Gold is often considered a hedge against inflation because it has historically helped preserve purchasing power over the long term. Daily gold prices are influenced by global gold rates, currency movements, import duties, and local demand. Many people use gold to balance market volatility and support their financial needs.
Defense technology company Space-Eyes will go public through a $638 million merger with McKinley Acquisition Corp. Eric Trump, a major investor, will serve as a strategic adviser. "He is an important adviser that connects us to people and opportunities," sources said. The deal should close in late 2026.
SEBI agreed to settle the NSE co-location and dark fibre case for Rs 1,491 crore. The exchange received a communication dated July 30, 2026, regarding this settlement. This move clears a major regulatory hurdle for the NSE, which has long been preparing for a potential initial public offering for investors.
Strong demand for State Bank of India’s perpetual bond issue is expected to encourage other banks to launch similar offerings. Four merchant bankers said this on Friday. SBI raised $492 million this week. "A successful SBI issuance could provide an important pricing benchmark and encourage other banks to evaluate AT-1 issuances."
Aditya Birla Capital reported a 40% rise in profit to ₹1,175 crore for the first quarter ended June. The company saw its total income grow to ₹12,187 crore. Assets under management rose 36% to ₹7,52,745 crore. Many businesses, including insurance and lending, helped the firm get these strong results.
Indian stocks are rallying as global investors exit crowded AI-linked positions. India has emerged as the “obvious destination” for investors trimming their exposure to technology stocks, said Todd McClone. The Nifty IT index surged 16.7% in July, while broader markets also outperformed peers as sentiment towards India got a boost.