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Zepto may delay its IPO due to valuation disagreements with investors. The company might reduce its planned issue by 20% from Rs 8,010 crore. Meanwhile, Amazon and Flipkart are focusing on premium products this festive season. Experts said, "The Q1 FY27 results indicate a more disciplined hiring environment across the sector."
Crude oil prices fell on July 30, with Brent crude down $1.29 to $89.45 a barrel. Prices eased after a sharp 8% surge on Wednesday. Many oil tankers continued to move out of the Middle East despite the ongoing U.S.-Iran war, which helped calm the market after recent intense volatility.
Dr Reddy's, Sun Pharma, NBCC, GAIL, UPL, Tata Chemicals and Hirect are in focus for Thursday's session. Dr Reddy's got three observations from the USFDA, while Sun Pharma received approval to sell semaglutide in Brazil. Meanwhile, NBCC signed a ₹650-crore housing contract in Seychelles and Tata Chemicals faced mining suspension.
Indian benchmark indices Sensex and Nifty 50 ended with strong gains on Wednesday, July 29. However, the market is likely to open on a muted note on Thursday, 30 July. Investors are watching stocks like Swiggy, IRFC, and Bajaj Housing Finance as global trends show a cautious start for traders today.
Over 5 crore ITRs have been filed for AY 2026-27, the Income Tax Department said. With the July 31 deadline approaching, officials urged taxpayers to file early to avoid a last-minute rush. Many people use ITR-1 or ITR-2 forms, and experts suggest checking all documents to prevent any filing delays.
Indian stock indices Sensex and Nifty surged on Wednesday as many companies reported strong June quarter results. Sensex rose 889 points to close at 77,655, while Nifty gained 265 points. Bajaj Housing Finance and MTAR Technologies showed profit growth, though Adani Enterprises reported a net loss despite higher revenue figures.
Indian investors holding US stocks face a hidden risk from the US estate tax. If the value of US-situated assets exceeds $60,000, the estate may face a tax of up to 40%. This rule applies to non-residents, and many retail investors got caught off guard by this low threshold.
Motilal Oswal Private Wealth raised its mid and smallcap allocation to 50% while staying neutral on Indian equities. "We have increased our overweight to mid- and small-caps given their stronger representation in high-growth, new-economy sectors," said Sandipan Roy. The firm also suggests a 40% allocation to hybrids and large caps.
Manipal Health Enterprises plans to raise ₹8,000 crore through a fresh issue and ₹1,275 crore via an offer for sale. While revenue grew, the company faced margin pressure and lower occupancy rates of 64.5% in FY26. With a high price-earnings multiple, many investors may wait for clarity post listing.
Raja Venkatraman recommended Sonata Software and Concord Biotech for 30 July. On 29 July, Indian equity benchmarks staged a strong rebound, with the Sensex climbing 888.68 points to close at 77,654.60. Many sectors gained as the market showed a strong bullish undercurrent, helping the Nifty survive the volatility of the market.
Sensex and Nifty rallied over 1% on Wednesday as IT stocks led the market gains. The Nifty rose 264 points to 24,250, while the Sensex climbed 888 points to 77,654. Rajesh Palviya said, "This has fuelled investor optimism," as funds shifted toward the Indian IT sector from global chip-making stocks.
Asian stocks fluctuated on Thursday as semiconductor shares fell. Treasury yields reached multi-decade highs after the Federal Reserve’s policy decision. Microsoft’s cloud growth boosted its stock, while Meta’s forecast caused a slide. South Korea started measures to stabilize its market. Fed Chair Kevin Warsh said the decision wasn’t a sign of inertia.