Market Bizzz

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.

Nestle India’s investors have a final chance today to secure eligibility for the company’s first-ever 1:1 bonus share issue, with the record date set for tomorrow, August 8. This bonus effectively doubles the number of outstanding shares, granting one free share for each held.

BSE is set to announce its Q1 earnings today, with brokerages projecting a significant surge in net profit, potentially up to 94% year-on-year. Revenue could also jump by around 61%. Factors driving this growth include rising market share in F&O, increased cash volumes, new listings, and declining regulatory costs.

MOS Utility shares are set for a stock split in a 1:5 ratio, changing the face value from ₹10 to ₹2. August 7 is the last day to buy shares to be eligible, with August 8 as the record date. This split aims to boost retail participation and trading volumes, reflecting the company’s confidence in its growth.

InCred Capital is adjusting its portfolio, adding E2E Networks for July. They are exiting UPL to secure profit. HDFC Bank and Axis Bank are preferred. Bank of Baroda is downgraded among PSUs. Largecaps like SBI and Canara Bank are favored. The market is expected to remain in a consolidation phase.

Indian companies are accelerating their IPO plans. They aim to attract global investors before August 12. This deadline relates to using March quarter financials in IPO filings. Liquidity and tariff concerns are driving this surge. Several companies have already raised significant capital. More IPOs are expected, potentially exceeding last year’s record.