
Stock Market | Sensex | Nifty Highlights: The sharp rally in Indian equities lost momentum on Friday, with the Sensex and Nifty slipping deep into the red and snapping a five-session winning streak, as heavy selling in IT stocks, weak global cues and other headwinds weighed on investor sentiment.
As many as four companies – AGS Health, PGP Glass, Shreni Shares and SRIT India – have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update from the markets regulator showed on Friday.
AGS Health and PGP Glass confidentially submitted draft documents to the Securities and Exchange Board of India in March for their maiden public offerings.


- Vatsal Bhuva, Technical Analyst, LKP Securities
- Nilesh Jain, VP & Head of Technical and Derivative Research, Centrum Finverse

- Vinod Nair, Head of Research, Geojit Investments



E&P produced nearly 26 MMSCMD of gas and 18,000 barrels of oil per day; FY26 revenue stood at Rs 23,861 crore and EBITDA at Rs 19,050 crore.
Reliance redirected domestic gas to priority sectors during LNG supply disruptions.
O2C FY26 revenue rose 5.7% to Rs 6,62,401 crore and EBITDA grew 10.1% to Rs 60,546 crore; LPG supply increased four-fold.
Jamnagar is moving towards becoming the world’s first autonomous refinery; Jio-bp volumes rose 29%.
Reliance Consumer Products Limited (RCPL) reported gross revenue of Rs 22,000 crore in FY26, doubling year-on-year growth, Isha M. Ambani said. The company said it achieved in four years what many industry peers took decades to build. RCPL products are now available in more than 40 countries through exports and franchise-led expansion.
Reliance Retail processed 1.93 billion transactions in FY26, up 39% YoY, and expanded to 20,160 stores across 78 million sq ft, with Smart Bazaar crossing 1,000 stores.
The company sourced 5.7 lakh metric tonnes of fruits and vegetables from over 40,000 farmers and sold 12 lakh metric tonnes of staples.
JioMart expanded to 3,100+ stores across 1,200+ cities and 5,100+ pin codes, with daily orders rising 3.6 times and repeat quick commerce orders growing over six-fold.
JioStar retained its leadership in TV entertainment with a 34.7% viewership share, reaching 389 million daily viewers, while JioHotstar averaged 451 million monthly active users.
Reliance Intelligence is developing affordable, trusted and multilingual AI services across 22 Indian languages through platforms including JioBharatIQ, AI Vyapar, JioHealthIQ, JioLearnIQ and JioKrishiIQ.
JioHotstar became India’s first paid OTT platform to cross one billion downloads and reached over 100 million users for its micro-content hub Tadka within two months of launch.
JioStar reported FY26 revenue of Rs 34,917 crore, EBITDA of Rs 5,842 crore and net profit of Rs 3,434 crore.
Expand Jio True 5G nationwide and transition all users to 5G by 2030 while advancing 6G leadership.
Bring high-speed broadband across India through JioAirFiber with rapid connection rollout.
Digitise MSMEs with accessible enterprise-grade technology solutions.
Make AI accessible to everyone through smarter consumer experiences.
Take Jio’s India-built technology stack to global markets.


Reliance Industries Chairman Mukesh Ambani faces the challenge of reassuring shareholders as he addresses the company’s annual general meeting (AGM) on Friday. Over the past year, the stock has fallen more than 7%, eroding nearly Rs 1.5 lakh crore in market value and increasing expectations for announcements that could help revive investor sentiment and drive the next phase of growth. Read more
Tata Power will continue to depend on coal-based generation until 2029, while simultaneously ramping up investments in green energy, battery storage, and transmission infrastructure to address rising power demand in Mumbai.
Global institutions including Societe Generale and Prudential, along with domestic funds, acquired a 3% stake in Anthem Biosciences for about Rs 1,275 crore via block deals, with promoter Aruna Ganesh exiting an equivalent stake. The transaction reduced promoter holding to 71.63%, while the stock traded flat following the deal.


Silver futures dropped 4% to Rs 2.28 lakh/kg, extending losses as uncertainty over the US-Iran deal and broader market weakness dented sentiment. The decline was driven by fading peace optimism, geopolitical tensions, a stronger rupee, and continued global selloff, with analysts expecting volatility to persist.


Gold demand in India remained muted despite a price drop to a 2.5-month low, as volatility kept buyers cautious, though jewellers showed some inventory interest. Discounts widened to $54 an ounce, while ETF outflows signalled weak investment demand. In China, prices shifted to a discount amid subdued buying and geopolitical uncertainty, with broader Asian markets also reflecting soft physical demand.
MTAR Technologies shares rose nearly 5% to a 52-week high, extending a rally that has delivered 138% returns in three months, driven by strong order wins, solid earnings, and an upgraded FY27 growth outlook of over 80%, alongside robust performance across clean energy, nuclear, aerospace, and oil and gas segments.
The Indian government is set to raise at least Rs 320 billion through a bond auction on Friday, with market participants expecting the Reserve Bank of India to fix cut-off yields within a broad range of 6.26% to 7.50%, according to a Reuters poll of 11 traders.
The benchmark 2033 bond is likely to see a cut-off yield around 6.75%, while shorter- and longer-tenor securities are expected to be priced in line with prevailing market levels. The auction includes multiple maturities, with demand expected to reflect current liquidity conditions and interest rate expectations.
RMZ plans to scale data centre capacity to 2-3 GW over five years with a $35 billion investment, up from 250 MW currently, supported by new projects and land acquisition. The expansion is driven by rising hyperscaler demand and AI-led growth, with the company also eyeing adjacent segments like GPUs, power infrastructure and software to deepen its presence in the digital ecosystem.

Turtlemint’s IPO saw a weak start, with just 2% subscription in the first hour and muted institutional interest, while grey market signals remain soft, indicating a cautious outlook despite mixed brokerage views.
India’s state refiners are not rushing back to Middle East crude despite the Strait of Hormuz reopening, as they have secured near-term supplies and await clarity on shipping safety and the US-Iran truce. Cheaper Russian oil, higher freight costs, and logistical risks continue to delay a swift return.
Bitcoin hovered near $62,500, facing pressure from Fed policy uncertainty and weak institutional demand, with ETF outflows weighing on sentiment. Despite a rebound from early-June lows, it has struggled to break higher due to technical resistance and long liquidation, while broader crypto markets remained subdued.


Banking and PSU debt funds offer a relatively safe investment avenue for investors looking for a few years. These schemes primarily invest in debt instruments of banks and public sector undertakings, which are largely government-backed, minimising credit risk. While interest rate fluctuations can impact returns, these funds are generally better positioned due to shorter-duration investments. Read more


