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Gold and silver prices fell on Friday (July 17) as investors booked profits despite rising West Asia tensions. Gold futures traded at $3,987.50 an ounce, while silver fell 1.24% to $55.49. Market experts said, "Geopolitical risks continue to underpin gold," even as a steady dollar kept overall gains in check.
The Indian stock market is set for a flat start on Friday, 17 July, as Gift Nifty hints at cautious trading. Global tensions and weak cues kept investors worried. Ponmudi R, CEO of Enrich Money, said, "Indian markets are expected to trade with a cautious bias" amid rising crude oil prices.
Wipro shares are in focus after the company reported its Q1FY27 net profit of Rs 3,352 crore. While revenue grew, IT services margins fell to a 15-quarter low. The company also gave a weak Q2 revenue outlook, which fell short of market estimates. Investors now watch how the firm handles costs.
Vaishali Parekh recommends buying Kalpataru Projects International, Ramkrishna Forgings, and IEX on 17 July 2026. Markets show a cautious bias due to geopolitical tensions and rising oil prices. Parekh said, "The 50-stock index would have the important near-term support positioned at the 23,800 level," as investors watch for further market movement.
Wipro, HCLTech, Kotak Bank, and others are in focus on July 17 as markets react to fresh earnings. Wipro reported a weaker performance with net profit falling 4.3 per cent. Management said, "client decision-making remains cautious with longer deal cycles." Meanwhile, Jio Financial Services showed strong growth in its businesses.
Netflix shares fell 9% in extended trading on Thursday, July 17, after the company reported disappointing second quarter results. Revenue of $12.56 billion missed forecasts, and management warned of slower growth ahead. The firm also narrowed its 2026 revenue outlook and plans to publish viewer engagement reports only once annually.
Mutual fund managers cut cash holdings to a five-year low in June. They used recent drops in banking and IT stocks to buy shares. Rajeev Thakkar said, "We have been investing in companies that look attractive on a bottom-up basis." Many funds now hold less cash to boost long-term returns.
The ₹9,813-crore SBI Funds Management IPO got a record 42 times subscription in 2026. Investors placed bids for 5.19 billion shares, showing massive demand. "The robust subscription levels bode well for the primary market," said Pranav Haldea. This issue is now the biggest and most subscribed domestic IPO of 2026.
The Indian stock market closed on a muted note on Thursday as Sensex gained 1 point to end at 77,187 and Nifty fell 6 points to 24,073. Investors watched rising Iran-US war tensions. VK Vijayakumar said, “Financials are likely to report a good set of numbers aided by robust credit growth.”
Wipro CEO Srini Pallia said artificial intelligence is now the centre of the company’s strategy after first-quarter FY27 earnings showed slow growth. Pallia described Wipro as a "consulting-led, AI-powered" organisation. The firm started four new pillars to build industry platforms and use AI to help clients reach future growth.
Caliber Mining and Logistics raised Rs 135 crore from seven anchor investors ahead of its Rs 450-crore IPO. The company allotted 31.83 lakh shares on July 16. The IPO opens for subscription on July 17 and closes on July 21, with the price band fixed at Rs 402-424 per share.
The government plans to introduce the Income-tax (Amendment) Bill in the upcoming Monsoon Session to replace the ordinance. This move exempts foreign investors from income tax on interest earnings and capital gains from government securities. The government said it got this plan to attract foreign capital and help the rupee.