11th July to 17th July

The benchmark indices posted gains of over 1% on Friday which saw the markets end with some gains to speak of. Till Thursday, the markets were trading flat, with hardly any triggers. As the last trading day of the week came upon us, investors and traders took bets in index heavy constituents like Jio Finance (post its earnings announcement) and hoped for a stellar performance by Reliance Industries.

Tech Mahindra’s better-than-expected performance also saw investors and trader to turn positive on the IT services space as the gloom surrounding the IT services space receded.

Benchmark Index Moves

	Index
Nifty 50
Sensex
Bank Nifty

	Closing Level
24,334.30
78,151.45
58,521.40

	% Weekly Change
▲ 1.28%
▲ 1.12%
▲ 1.60%

Market Breadth: The momentum in the markets was negative with total gainers at 2,648 and total losers at 2,829.

Top Weekly Gainers & Losers (Nifty 100)

Gainers

Stock Name	% weekly change	Delivery volumes in past week Vs prev month
TCS	▲ 10.71%	1.2X
Tech Mahindra	▲ 10.28%	0.8X
ABB India	▲ 10.06%	1.7X
Union Bank	▲ 7.12%	1.2X
Adani Energy	▲ 6.43%	0.5X

Investors cheered Tech Mahindra’s strong Q1 FY27 performance, with the firm posting healthy revenue growth and bagged deals worth over $1 billion.

Losers

Stock Name	% weekly change	Rise in delivery volumes in past week Vs previous month
Vedanta	▼ -6.74%	0.7X
Dr. Reddy's Labs	▼ -4.59%	1.5X
Varun Beverages	▼ -3.75%	1.2X
Bosch	▼ -3.37%	0.4X
HDFC AMC	▼ -3.14%	1.4X

HDFC AMC’s share price fell after it announced stellar Q1FY27 results on Wednesday as investors sought to book profits in the counter.

Year high and year low in the past week (Nifty 200)

Stocks that hit their 52-week high: Oracle Fin Serv, Apollo Hospitals, ABB, Divi's Laboratories, Torrent Pharma, Grasim Industries, Lupin, Phoenix Mills, Sun Pharmaceutical, Adani Energy, Adani Green Energy, Laurus Labs, One97 Communications, Premier Energies, Biocon, Bharat Heavy Electricals, Exide Industries, Federal Bank, AND FSN E-Commerce (Nykaa)

Stocks that hit their 52-week low: Tata Elxsi, PI Industries, ICICI Lombard, KPIT Technologies, Patanjali Foods, ITC, and Vedanta

SBI Funds Management’s IPO closed with strong investor demand, receiving an overall subscription of 41.73 times. Institutional investors’ QIB portion was subscribed 140.11 times, while the retail investors bid for 3.76 times their allotted quota. The ₹9,813-crore-issue is now awaiting allotment, with listing expected on Tuesday.

Stocks & Sectors in the News

➤	Information Technology was one of the stronger sectors during the week, with the Nifty IT index gaining around 4.4%. TCS, Infosys, and HCLTech led the recovery as investors responded positively to Tech Mahindra’s better-than-expected quarterly performance and HCLTech’s new seven-year contract win. However, Wipro remained under pressure after its quarterly results disappointed investors and several brokerages lowered their estimates on the company’s performance for the rest of the fiscal.
➤	Banking stocks ended the week on a positive note as investors positioned themselves ahead of quarterly results of large private lenders over the weekend. Federal Bank, Kotak Mahindra Bank, HDFC Bank, ICICI Bank and Axis Bank saw buying interest, supported by expectations of healthy loan growth, stable asset quality and manageable pressure on lending margins.
➤	Pharma stocks saw stock-specific news flow based moves rather than a broader thematic move. Biocon stood out because its shares jumped after Viatris owned Mylan decided to sell its stake in the company, removing a long standing ‘overhang’ on the counter. However, Sun Pharma, Dr Reddy’s Laboratories, Cipla and Zydus Lifesciences faced bouts of selling and profit booking, with investors turning cautious ahead of earnings.
➤	Automobiles and Auto Components stocks saw selective buying, led by passenger-vehicle and SUV manufacturers. Maruti Suzuki and Mahindra & Mahindra outperformed during the week, while two-wheeler names such as Eicher Motors also found support as investors bet on improving demand and upcoming earnings releases. Commercial vehicles and components makers were weaker as Ashok Leyland declined during one of the week’s key sessions, while Samvardhana Motherson and Bharat Forge remained sensitive to global growth concerns, export demand and higher commodity costs.
➤	Metals fared the worst during the week as investors balanced firm commodity prices against concerns around demand. Newly separated Vedanta group companies, including Vedanta Aluminium and Vedanta Iron and Steel saw major corrections. Tata Steel also began the week with a decline . JSW Steel remained in focus ahead of its Q1 earnings announcement.
➤	FMCG stocks traded mixed during the week. Hindustan Unilever recovered towards the end of the week as investors returned to defensive consumer names, while expectations of improving rural and semi-urban demand provided some support to the sector. However, Nestle India, Tata Consumer Products and Dabur faced pressure during parts of the week as investors remained concerned about input costs, modest volume growth and their ability to protect margins.

Top Delivery-volume Movers (Nifty 500)

Rising Delivery Volume (Last week vs Prev month)

Stock Name	Avg delivery volume %	Avg month delivery volume %	Avg 6-month delivery volume
Signature Global India	24.44	21.12	20.12
Biocon	56.60	54.49	50.52
United Breweries	86.57	68.45	64.73
Anupam Rasayan	48.13	42.10	48.43
Atul	75.45	67.89	54.98

Signature Global’s delivery volume rose because long term investors are buying the stock on the back of its strong Q1FY27 operational update, where pre sales jumped 25% QoQ.

Falling delivery volume (Last week vs Prev month)

Stock Name	Avg delivery volume %	Avg month delivery volume %	Avg 6-month delivery volume
DOMS Industries	49.25	65.55	38.26
Tata Capital	50.75	53.37	56.96
Global Health	57.62	66.42	63.33
The Ramco Cements	48.48	64.76	60.43
LG Electronics	60.96	63.90	58.93

LG Electronics’ lower delivery volumes largely show that the market has already digested its weak Q4 FY26 earnings, and with no fresh positive triggers since last month.

Most traded on m.Stock yesterday

With a significant share of daily market volumes, our clients have a real influence on the markets. These are the stocks that saw the most action on our platform yesterday:

➤ Delivery

	Most bought
Kalyan Jewellers India
Tech Mahindra
Torrent Pharmaceuticals
Hindustan Unilever
Exide Industries

	Most sold
Cummins India
Reliance Industries
TCS
JIO Finance
Vedanta

➤ Pay Later (MTF)

	Most bought
Karnataka Bank
MRPL
ICICI Bank
Emmvee Photovoltaic Power
Swiggy

	Most sold
Apollo Tyre
REC
Federal Bank
Sunteck Realty
Havells India

Note: The stocks given in the table above are only for informational purposes and are not recommendations.

FIIs vs DIIs

Last week

(In ₹ crore)	Cash (provisional)	Index Futures	Stock Futures	Index Options	Stock Options
FIIs	-6,139.70	2,533.30	-3,463.80	-54,760.40	-1,831.30
DIIs	10,810.40	814.70	3,579.90	236.70	-7,599.20

Year-to-date

(In ₹ crore)	Cash	Index Futures	Stock Futures	Index Options	Stock Options
FIIs	-3,49,914.30	-68,204.50	-34,463.10	-4,89,072.80	-31,501.10
DIIs	4,90,193.30	7,853.70	21,711.20	5,113.10	-1,35,831.90

Note: FII data is as of 16th July 2026 and DII F&O data up to 7th July 2026 only.

Research Calls (Long-Term)

Research Partner	Date of call	Stock	View	Target Price (₹)
Markets Mojo	14th July	Samvardhana Mothersonv	BUY	142.10

Here is how some of the expert research calls are performing

Research Partner	Date of call	Stock/Scrip	Entry Price (₹)	Price movement since call (%)
Markets Mojo	14th July	IPCA Laboratories	1,840.05	4.29%

Commodity Moves

Commodity

			Brent Crude
			Gold Futures
			Silver Futures
			Natural Gas Futures (NYMEX)
			Copper Futures

Closing value

	$84.84
	$4,001.47
	$55.75
	$2.86
	$6.24

Weekly change (%)

	11.62%
	-2.73%
	-7.34%
	-2.79%
	-0.65%

➤	Brent crude rose sharply as renewed tensions between the US and Iran raised concerns about possible disruptions to oil supplies from the West Asia. Higher crude prices can increase fuel and transportation costs and may also add to inflationary pressure. Natural gas futures, however, declined, as US storage levels remained comfortable and a larger inventory build eased concerns about near-term supply.
➤	Gold futures declined during the week as lower inflation print from the US led to reduced expectation of rate action from the Federal Reserve A stronger dollar and elevated bond yields also reduced the appeal of the yellow metal among traders and investors.
➤	Copper futures ended slightly lower as prices were supported by tight supply, smelter maintenance and demand-linked to power grids, electric vehicles and data centres. However, concerns around slowing consumption in China, the world’s largest copper user, limited further gains.

Forex Moves

Commodity

		USD/INR
		EUR/INR
		GBP/INR

Closing value

	$96.502
	$110.31
	$129.787

Weekly change (%)

	-1.21%
	-1.36%
	-1.52%

➤	USD/INR The rupee weakened against the US dollar for the week as sharp rise in crude oil prices increased concerns about India’s import bill and inflation. Geopolitical tensions in West Asia aslo supported demand for the US dollar as a safe-haven currency.
➤	EUR/INR The euro remained relatively firm against the rupee as global investors continued to assess Europe’s economic outlook and the impact of higher energy prices. At the same time, weakness in the rupee due to rising crude oil prices led to strengthening of the euro.
➤	GBP/INR The rupee recorded its sharpest fall against the British pound. The sterling was supported by a comparatively resilient UK currency environment, while rising oil prices, global uncertainty and pressure on emerging-market currencies weighed on the rupee.

Global Signals

➤	Asian Markets had a difficult week as the sell-off in technology and semiconductor stocks spread across the region. Japan’s Nikkei 225, Hong Kong’s Hang Seng and China’s key indices came under pressure, while Taiwan saw particularly sharp selling in chip-related companies. Concerns that AI-linked stocks had risen too quickly triggered profit booking, while escalating tensions in the Middle East and higher crude oil prices made investors more cautious.
➤	Europe Markets moved cautiously as encouraging corporate earnings competed with geopolitical and inflation concerns. Technology stocks weakened alongside the global chip sell-off, although the UK’s FTSE 100 held up better because it has relatively lower exposure to large technology companies. Overall, the region ended the week with a mixed-to-negative tone.
➤	Wall Street's had a cautious week as investors balanced strong corporate earnings against rising geopolitical tensions and higher bond yields. Technology and semiconductor stocks came under pressure as investors booked profits in AI-related names, pulling the Nasdaq lower. While the S&P 500 and Dow Jones also ended the week in the red, Nasdaq recorded the biggest decline among the three major indices as weakness in heavyweight chip stocks outweighed positive earnings from other sectors.

Upcoming events (18th July to 24th July 2026)

Macroeconomic events & Earnings

18
July

Axis Bank Q1FY27 Results

18
July

HDFC Bank Q1FY27 Results

21
July

Bajaj Auto Q1FY27 Results

23
July

Infosys Q1FY27 Results

You can explore our Events calendar feature on the home page & set alerts on your calendar!

As the week ended, investors and traders were positive on the prospects of banks, especially private sector ones, which plan to declare their results on Saturday. Based on the quarterly operational performance updates, investors and traders are hoping for a stellar performance in Q1FY27.

This also drove the markets higher on Friday. If the expectations don’t pay off over the weekend, Monday could see some fireworks in the opening session.

Moving on to some interesting topics

In this episode of Bazaar & Beyond, Sandeep Tandon, Founder & CIO of Quant Group, talks about how India’s markets have evolved over three decades from institutional dominance to a retail-led bull run.

Skipping your ITR this year could quietly cost you your tax refunds, loan approvals, old tax regime benefits, HOW? Read more Read More

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Listless markets jolted into gains on Friday