Indian equity markets are expected to open positively today as GIFT Nifty traded higher around 23,990 in early trade, indicating a recovery from yesterday's sharp decline. The Nifty 50 had snapped its four-day winning streak, closing at 24,398.70, down 31.65 points (0.13%) on Tuesday, before extending losses to 23,882.05, down 516.65 points (2.12%) on Wednesday. This weakness came amid escalating tensions in West Asia after the US launched fresh strikes on Iran in retaliation for Tehran's attacks on commercial vessels transiting the Strait of Hormuz. Oil prices rose significantly with Brent crude trading near $76 per barrel following the military action, as the US struck Iran for a second day, denting hopes for an end to the Iran war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies. As per Moneycontrol, Sensex and Nifty lost 2 percent each for the first time since March 30, 2026, amid broad-based selling across sectors.
Several major Indian companies are in focus today following significant corporate announcements. Maruti Suzuki received a demand of over ₹9 crore from Customs authority in Maharashtra over payment of duties on imported goods at different rates. Uno Minda announced plans to invest ₹320 crore to set up a new manufacturing facility in Chhatrapati Sambhajinagar with annual capacity of 2.40 lakh units to enter the four-wheeler passenger vehicle seating systems segment. BHEL collaborated with thyssenkrupp nucera India for indigenisation and local manufacturing of alkaline electrolyser systems for green hydrogen projects. RCF announced plans for a ₹1,500 crore FPO, while IDFC First Bank launched EPFO payment services through integration with the Ministry of Labour and Employment.
Adani Enterprises announced the successful closure of its QIP on July 7, allotting 5.2 crore equity shares worth ₹15,000 crore at ₹2,883 per share. This represents one of the largest QIPs by an Indian corporate this year and will help bolster the balance sheet as the company expands across infrastructure, energy, airports, data centres and green hydrogen sectors. IdeaForge Technology launched a qualified institutional placement to raise ₹500 crore at ₹795 per share, representing a 5.4% discount to its NSE closing price. The company plans to use funds for balance sheet strengthening and expanding unmanned aerial systems business. Capital Small Finance Bank saw Lyptus Punch-Card Fund acquire 8.33 lakh shares (1.83%) for ₹25 crore from Amicus Capital Private Equity I LLP, with post-transaction stake at 3%.
3i Infotech secured a significant order worth AED 17.65 million from Vedant Consultancy FZ LLC for IT consulting services in robotic process automation, artificial intelligence, and machine learning. The 12-month contract runs from May 1, 2026 to April 30, 2027 and continues the company's growth in Gulf markets. Uno Minda's entry into passenger vehicle seating systems marks a strategic expansion into a new product category, expected to broaden its addressable market and deepen relationships with OEMs over the next few years.
According to Moneycontrol, Indian equities may see stock-specific movements today as investors track a series of quarterly business updates and corporate developments. The focus companies span across sectors including banking, automotive, technology, and infrastructure, with each announcement potentially impacting market sentiment and individual stock performance. OMCs IOCL, BPCL and HPCL will remain in focus as oil prices gained after US military action against Iran. Gold NBFCs are also in focus following an RBI report showing outstanding loans against gold jewellery stood at ₹3.29 lakh crore at end-May 2026, up 69.9% from ₹1.94 lakh crore a year earlier. As per Moneycontrol, Foreign institutional investors (FIIs) extended their buying streak for the fourth consecutive session on July 8, purchasing Indian equities worth ₹1,962 crore. Domestic institutional investors (DIIs) also turned net buyers after a day of selling, buying equities worth ₹790 crore.
