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Bank Nifty rose nearly 1% on July 17 and reclaimed the 58,000 mark ahead of key bank results. HDFC Bank and ICICI Bank shares rose 1.2% each as they prepare to share June quarter results on July 18. Experts said, "The expected trading range for Bank Nifty today is 57,200–58,000."
Non-Resident Indians could bring 70 to 80 billion US dollars into India through the FCNR initiative. A Singapore-based accountant said on Friday that higher interest rates make this possible. "Such inflows would substantially enhance India's external financial position," he said. This scheme stays open for deposits until September 30, 2026.
The allotment status for the Rs 160.34-crore Millworks Technologies IPO is set to be finalised today. The issue got a massive response, subscribed 193.14 times by July 16. With a grey market premium at 120.85 percent, many investors now wait to check their status on the BSE website or registrar portal.
The SBI Funds Management IPO closed with an overall subscription of 41.73 times. The basis of allotment is set to be finalised today, July 17. Many applicants now wait to see if they got shares. The company’s shares are tentatively scheduled to list on the NSE and BSE on July 21.
Sensex jumped over 800 points on Friday, 17 July, as Reliance, HDFC Bank, and ICICI Bank powered the market ahead of Q1 results. While benchmark indices rose, mid and small-cap segments fell amid global tensions. Experts said, "Lower bond yields are expected to support treasury gains and overall earnings" for banks.
JM Financial expects India’s data centre power demand to reach 7-8 GW by 2030. Experts said this growth makes power stocks like NTPC key beneficiaries. “NTPC combines the sector’s lowest-risk regulated earnings model with the deepest growth pipeline,” Equirus said. Rising electricity needs show a structural upcycle for the sector.
PC Jeweller said its board approved raising ₹1,000 crore through a QIP on July 16. Following the news, the company’s share price fell nearly 6% on Friday. The firm plans to issue new equity shares to raise these funds, though investors reacted with caution as the stock price dropped further.
Commuters on the Lucknow-Kanpur Highway may soon pay higher toll charges as NHAI proposed another hike. NHAI Project Director Nakul Prakash Verma said, "A proposal to increase toll rates on the National Highway between Lucknow and Kanpur has been sent to headquarters." This marks the second increase this financial year.
The rupee rose 14 paise to 96.28 against the U.S. dollar in early trade on Friday, July 17, 2026. Positive domestic equity markets helped the currency, but forex traders said heavy foreign outflows and high crude oil prices kept gains limited. Geopolitical tensions in West Asia also kept many investors cautious.
Nuvama Institutional Equities initiated coverage on SG Mart and Siemens Energy India with Buy ratings. The brokerage set target prices of Rs 777 and Rs 4,200, seeing up to 21% upside. Nuvama said the company is "Erecting a manufacturing legacy," as strong growth and better profits helped shares gain on Thursday.
Life insurance needs change after 60 as people live longer. Experts said it is no longer just about income replacement but securing financial independence and managing long-term care. "Life insurance after 60 matters, but not always in the way people assume," said Neha Sinha. Families now plan for later years.
CEAT shares fell up to 9% on Friday, July 17, after higher costs hit Q1 margins. The company’s net profit plunged 96% to ₹4 crore. Arnab Banerjee said, "The continuing West Asia crisis led to significant raw material cost inflation." Despite this, the firm plans to expand its Nagpur plant capacity.