Moneylife’s market breadth indicators have maintained their position in bullish territory this week. Military tensions in the Middle East remain elevated after reported attacks on commercial tankers transiting the Strait of Hormuz and subsequent US retaliatory strikes on Iran. While US president Donald Trump's remarks that the memorandum with Iran was no longer valid initially triggered a sharp risk-off reaction, markets have, since, stabilised, to some extent. Brent crude continues to trade around US$77/barrel, retaining a geopolitical risk premium amid concerns over potential supply disruptions, even as the Strait of Hormuz remains open. Investors are closely monitoring any further escalation that could threaten oil exports from the region, with the trajectory of crude prices expected to remain the key driver of global market sentiment.
The trends of the major indices in the course of the week's trading are given in the table below:
News
Dr Reddy's reported some batches of semaglutide failed quality specs due to an issue with the active pharmaceutical ingredient (API). The company is investigating and taking corrective actions, with commercial supplies delayed temporarily but no impact on patient safety or regulatory filings.
Supriya Lifescience sales and marketing general manager (GM) was placed under judicial custody, in a customs investigation. The company stated that the issue is unlikely to materially impact operations and is monitoring developments closely.
NLC India Limited and National Aluminium Company Limited (NALCO) formed a 50:50 joint venture (JV) to develop a 1,080MW (megawatt) coal-based thermal power plant in Odisha to support NALCO’s smelter expansion, with a 25-year fuel supply and power purchase agreement (PPA) in place.
Tata Consultancy Services (TCS) reported 4.61% year-on-year (y-o-y) rise in Q1FY26-27 net profit to ₹13,349 crore and a 14% revenue increase to ₹72,275 crore, driven by strong demand for digital and artificial intelligence (AI) services, despite global economic challenges.
LTM (-0.81%) launched BlueVerse RightLogic, an AI-powered cybersecurity framework designed to help enterprises assess and remediate cyber risks while enabling secure AI adoption through continuous, business-aligned risk management.
Glenmark Pharmaceuticals USA launched Olanzapine for injection, a bioequivalent to Zyprexa® IntraMuscular Injection, expanding its injectables portfolio to better serve institutional markets with affordable treatment options.
Granules India secured sole first-to-file status for its ANDA (abbreviated new drug application) on Sodium oxybate extended-release oral suspension, boosting its position in complex generics and reinforcing its commitment to affordable, innovative drug development.
Satin Creditcare reported its strongest Q1 in FY26-27 with assets under management (AUM) reaching ₹16,000 crore and disbursements up 54% year-on-year (y-o-y). It expanded its branch network and improved asset quality, supported by strong promoter equity infusion and institutional funding.
Oberoi Realty achieved ₹8,109 crore in gross bookings for its luxury residential project Three Sixty North in Gurugram, marking its first NCR luxury venture with over 1.35mnsqft (million square feet) of carpet area booked on a 14.8-acre site.
The Indian government accused Adani group's duty-free shops at Mumbai International Airport of illegally selling nicotine pouches, violating Indian law, with no immediate response from Adani group.
HG Infra Engineering confirmed six of its solar project subsidiaries were struck off by the registrar of companies (RoC), effective 7 July 2026, without impacting the company's operations or finances.
Venus Remedies announced a special window for re-lodgement of physical share transfer requests, complying with guidelines of the Securities and Exchange Board of India (SEBI). Shareholders can access details via the company’s social media channels.
TVS Motor partnered with Indian Oil to deploy TVS King Kargo HD vehicles for sustainable liquefied petroleum gas (LPG) distribution, aiming to reduce emissions and costs. The partnership taps into Indian Oil’s 13,000+ distributor network.
Philippine Airlines partnered with Rategain Travel Technologies (+0.47%) to use artificial intelligence (AI)-powered pricing tool AirGain for enhanced fare competitiveness and data-driven pricing across global routes.
CleanMax Enviro Energy Solutions commissioned 530MW (megawatt) of renewable energy in Q1FY26-27, raising its operational portfolio to 4.2GW (gigawatt) and reinforcing its leadership in India’s commercial renewable energy sector.
India plans to export BrahMos and Astra missiles to Indonesia, potentially strengthening order pipeline and defence manufacturing position of Bharat Dynamics.
Zen Technologies scaled up its subsidiary Vector Technics to become India’s largest drone propulsion manufacturer, increasing annual capacity to 300,000 units and advancing ‘Make in India’ goals with indigenised components.
Nazara Technologies received NCLT (national company law tribunal) approval to withdraw its merger plan with Paper Boat Apps due to changes in restructuring strategy. The decision was approved by the board in May 2026.
Orchid Pharma signed a licensing deal with Russia’s Pharmasyntez for Exblifep®, targeting serious infections with a potential US$178mn (million) market opportunity over 10 years. Pharmasyntez will handle registration and commercialisation in Russia.
Bajaj Finserv declared a ₹1.50 per share dividend for FY25-26 and scheduled its AGM for 31st July, including auditor re-appointments and director retirements. The annual general meeting (AGM) will be conducted virtually.
NTPC Green Energy commissioned the first 50.4MW capacity of its Vanki wind project in Gujarat, raising its renewable capacity to 90,954MW. This supports India's green energy goals.
Premier Energies inaugurated a new 5.6GW solar module plant in Telangana, boosting its total capacity to 11.1GW, and launched groundbreaking for battery storage and aluminium frame facilities to support India’s clean energy push.
Vikram Solar signed an agreement with Evervolt Solar to procure 130MW of mono-PERC 10BB DCR (Domestic content requirements) -compliant solar cells from July 2026 to March 2027, strengthening its domestic module manufacturing supply chain.
Piramal Pharma announced the US food and drug administration’s (US FDA's) successful completion and closure of its regulatory inspection at the Sellersville (USA) manufacturing facility, marking a key compliance milestone.
United Drilling Tools supplied premium connection casing pipes to Oil India for a gas well in Assam, entering the high-value premium casing segment and supporting Make in India initiatives in energy equipment manufacturing.
Orders
Datamatics won a contract from a North American logistics firm to implement Salesforce Cloud for CRM (Customer relationship management) enhancement, improving customer engagement and sales visibility across the client’s operations. RITES secured a US$35.82mn contract to supply 4,000HP (horsepower) diesel electric locomotives to South Africa, marking a key milestone in its international expansion.
Insolation Green Energy, a subsidiary of Insolation Energy, received a ₹558.29-crore contract from NTPC Renewable Energy for solar photovoltaic (PV) module supply during FY26-27.
Solex Energy secured a ₹628.37-crore order from a leading Indian independent power producer (IPP) to supply high-efficiency N-Type TOPCon solar modules, with deliveries scheduled between October 2026 and March 2027.
Ceigall India’s NHAI-appointed project dates for two highways: a ₹1,305-crore six-lane Varanasi-Ranchi-Kolkata highway and a ₹1,656-crore Varanasi-Kolkata expressway, both under hybrid annuity mode (HAM), enhancing regional connectivity. Ceigall India’s Indore-Ujjain Greenfield Highway project, valued at ₹1,089 crore, was appointed on 6 July 2026, under HAM for constructing a 48.10km (kilometre) four-lane highway with paved shoulders. Ceigall India and Sushee Infra won a ₹704.70 crore road construction contract in Arunachal Pradesh with a 48-month timeline plus five years of maintenance. Ceigall holds a 74% stake in the JV. South West Pinnacle Exploration (-0.52%) secured a ₹166.82-crore contract extension from Reliance Industries for coal bed methane drilling in Madhya Pradesh, boosting its order-book beyond ₹760 crore.
GK Energy secured a ₹235.92 crore order from Maharashtra State Electricity Distribution Co to supply 10,000 off-grid solar-powered water pumps under the Magel Tyala Saur Krushi Pump Yojana.
Multi Commodity Exchange of India reported a sharp drop in trading volumes, attributed to the Reserve Bank of India’s (RBI’s) new bank guarantee rules impacting market activity more than expected.
Dilip Buildcon won a ₹160.20-crore engineering-procurement-construction (EPC) contract from Odisha Bridge & Construction Corporation to build a six-lane diversion road in Sundargarh district (Odisha). The project is scheduled for completion within 18 months and excludes goods and services tax (GST).
Texmaco Rail & Engineering secured a ₹70.72-crore domestic contract from Central Warehousing Corporation to supply rakes and a brake van, enhancing its railway infrastructure portfolio.
Inventurus Knowledge Solutions issued a US$603.75mn corporate guarantee supporting financing for its subsidiary’s acquisition of TruBridge, reflecting substantial financial arrangements.
INOX India secured ₹939 crore in orders across Industrial Gas, liquefied natural gas (LNG) and cryo-scientific segments, including a ₹150-crore order from the space exploration sector. Additional orders were received for storage tanks and dispensers.
Mergers/ Acquisitions / Fund-raise / Stake Sale
Torrent Pharmaceuticals received NCLT approval for its merger with JB Chemicals, pending filing with the RoC, to streamline operations and boost shareholder value.
Jagsonpal Pharmaceuticals completed acquisition of 69.77% stake in Aequitas Healthcare, making it a subsidiary. The move strengthens Jagsonpal’s healthcare footprint and operational synergies.
Swiggy disclosed foreign investments comprising 49.76% of its paid-up equity, maintaining its status as an Indian-owned and controlled company under the Foreign Exchange Management Act (FEMA) rules without affecting control or operations.
Smartworks Coworking Spaces completed acquisition of Singapore’s Workstudio Spaces, expanding its footprint to 76,000sqft (squre feet) with over 1,500 seating capacity and adding 45+ clients.
Blue Jet Healthcare commenced a qualified institutional placement (QIP) of equity shares with a floor price of ₹531.70 per share, approved by its board and shareholders, potentially offering a 5% discount on the issue price.
Marksans Pharma is acquiring Germany’s ABCnow GmbH for €892,384 to boost its European market presence through ABCnow’s sales network.
Suven Life Sciences allotted 1.85 crore shares via warrant conversion, raising ₹249 crore and increasing its paid-up capital to ₹28.25 crore. Shares were allotted to 17 non-promoter entities.
BLS International Services fully subscribed to the share capital of its new subsidiary, BLS International Services Japan Co Ltd, expanding its presence in the Asia-Pacific visa outsourcing market. The subsidiary will handle visa processing, e-visas, biometric authentication, and related services in Japan
Top gainers and losers of the major indices for the week are given in the table below:
