Market Bizzz

The planned investment of around Rs 2,624 crore will give the investor an estimated 5.09% stake in IDFC First Bank’s post-issue paid-up share capital. The acquisition will be carried out via a preferential issue, which received shareholder approval on May 17, 2025.

Technocraft Ventures, a wastewater treatment firm, has filed for an IPO with SEBI to raise funds through a fresh issue of shares and an offer for sale by a promoter. The IPO aims to raise ₹138 crore for working capital.

Indian stock markets faced a tough week. Nifty 50 and Sensex both declined. Global worries and continuous selling by foreign investors impacted the market. Analyst Sudeep Shah suggests caution. Nifty’s key support is around 24200-24150. Bank Nifty’s support lies near 54950-54850. Auto sector shows resilience. Pharma and IT sectors face bearish trends.

Here are the stocks that were included or saw a weight up in the MSCI indices, along with the expected inflows/outflow.

State Bank of India (SBI) surpassed D-Street expectations with a 12% increase in its June-quarter net profit, reaching ₹19,160 crore. This growth was primarily driven by higher treasury income and expansion in retail loans. The bank benefited from gains on government securities sales due to policy rate cuts and increased foreign exchange trading income.

Indian equity indices experienced a nearly 1% drop on Friday, marking their sixth consecutive week of losses due to concerns over the economic impact of US tariffs. Analysts anticipate continued selling pressure, with technical indicators suggesting further weakness. While foreign investors sold shares, domestic institutions were net buyers, and market volatility is expected to persist amid trade negotiation uncertainties.

Foreign investors heavily sold IT stocks in July, pulling out ₹14,422 crore due to weak quarterly results, headcount reductions, and global macroeconomic uncertainty. This selling pressure extended to other sectors, including financial services, oil and gas, and realty, as investors trimmed exposures and booked profits. Concerns about potential NPA increases in export-oriented sectors further influenced investment decisions.

Ola Electric Mobility shares are set to be active. The one-year lock-in period concludes. This releases a large number of shares into the market. Nuvama Alternative & Quantitative Research provided the data. This corporate development is important for investors. The lock-in expiry may increase trading activity. It could also impact the stock price.

A surge in companies converting to digital-asset treasuries to buy cryptocurrencies is raising concerns about market stability. With billions planned for Bitcoin and altcoin purchases, executives warn that a price reversal could trigger a selloff, especially if DAT share values fall below net asset value. Some insiders are accused of exploiting the trend for profit, further destabilizing the market.

SoftBank Group’s shares surged to a record high, jumping over 13% following a first-quarter profit that exceeded expectations, fueled by investor enthusiasm for its AI investments. The company reported a net profit of 421.8 billion yen, driven by strong performance in its diversified portfolio and thematic tailwinds.