Tilaknagar Buys Imperial Blue for ₹4,150 Cr, ADB Cuts India’s GDP Growth & More
- Share.Market
- 10 min read
- 24 Jul 2025
Share Market Highlights Today
Indian stock markets fell sharply today as most sectors declined due to weak global trends. IT, consumer goods, and real estate companies led the selloff, ending the recent recovery with widespread losses across the market.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
CANBKCanara Bank shares surged after Q1FY26 results showed 21.7% profit growth to ₹4,752 crore, improved asset quality with gross NPAs falling to 2.69%, and strong 12.4% advance growth.
TITilaknagar Industries agreed to acquire Imperial Blue whisky business from Pernod Ricard for €412.6 million (₹4,150 crore), marking India’s largest alcoholic beverage acquisition by an Indian company.
MAZDOCKMazagon Dock Shipbuilders to acquire minimum 51% stake in Sri Lankan shipbuilder Colombo Dockyard PLC for up to $52.96 million, strengthening its position in the ship repair and building industry.
ZYDUSLIFEZydus received tentative USFDA approval for Ibrutinib cancer treatment tablets, targeting a $2.15 billion US market for chronic lymphocytic leukemia and other blood cancers.
IEXIEX shares fell after the power regulator Central Electricity Regulatory Commission’s (CERC) decided to create a unified system for all power exchanges by January 2026, reducing IEX’s competitive advantage.
Top Performing Sectors Today
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty PSU BankNIFTY PSU BANK | +1.24%+87.30 | 7124.80 |
 Nifty Healthcare IndexNIFTY HEALTHCARE | +0.65%+94.55 | 14744.50 |
 Nifty PharmaNIFTY PHARMA | +0.55%+123.60 | 22541.05 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty RealtyNIFTY REALTY | -1.04%-10.10 | 960.10 |
 Nifty FMCGNIFTY FMCG | -1.12%-624.50 | 55085.85 |
 Nifty ITNIFTY IT | -2.21%-815.70 | 36135.80 |
*Prices shown may have delay up-to 15 minutes
Broader Market Performance Today
INDIA VIXToday’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
What’s Happening Beyond Markets?
- The Asian Development Bank cut India’s GDP growth forecast to 6.5% for FY26 from 6.7%, citing US tariff policies and trade tensions, while maintaining that India will remain among the fastest-growing economies.
- India achieved 20% ethanol blending in petrol by 2025, five years ahead of its 2030 target, reducing oil imports and supporting farmers while boosting clean energy goals.
- India’s IT sector may see flat revenue growth of just 0-2% in FY26 due to macroeconomic uncertainties and client cost pressures delaying discretionary projects, says CareEdge Ratings.
- India’s leather and footwear exports to the UK could cross $900 million under the new FTA, providing duty-free access to the $23 billion UK market for Indian artisans and MSMEs.
- Taiwan launched ambitious “Ten Major AI Infrastructure Projects” targeting TWD 15 trillion economic value by 2040, leveraging its semiconductor strength to create 500,000 jobs.
- Europe’s central bank is expected to pause interest rate cuts after eight consecutive reductions, as inflation hits its 2% target and uncertainty over US trade policies grows.
- Saudi Arabia’s trade surplus fell to SAR 9.5 billion in May from SAR 30.1 billion last year, as oil exports dropped 21.8% while imports rose 7.8%.
Result Update
Track who beat or missed street estimates from the Nifty50.
| Stocks | Revenue Q1FY26 (Est) | Revenue Q1 FY26 (Actual) | Growth (%) |
| Infosys Ltd. | ₹41730.16Cr | ₹42,279 Cr | 🔼 1.32% |
| Tata Consumer Products Ltd. | ₹4834.76 Cr | ₹4,779 Cr | 🔻 1.15% |
| Dr. Reddy’s Laboratories Ltd. | ₹8707.81 Cr | ₹8,545 Cr | 🔻 1.87% |
Back to Basics
Terms that put you one step ahead – every day.
What is Seed Funding?
Seed funding is the first official capital that an Indian startup receives at its early idea or prototype stage, often before it has market traction or revenues.
The funding enables entrepreneurs to develop a proof of concept, build a prototype, conduct product trials, and prepare for market entry.
In India, seed funding typically ranges from ₹10 lakhs to ₹2 crores and is provided by angel investors, venture capitalists, or government-backed schemes like the Startup India Seed Fund Scheme (SISFS).
This financial boost is crucial for startups to validate their business model and attract larger investments for scaling up.
IPO Corner: Mainboard
Upcoming IPO
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| Shanti Gold International | July 25, 2025 to July 29, 2025 | ₹360.11 Cr | ₹189 to ₹199 per share | ₹14,175 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Crisil Ltd. | 28 Jul 2025 | 28 Jul 2025 | Interim Dividend | ₹9.00 |
| DLF Ltd. | 28 Jul 2025 | 28 Jul 2025 | Final Dividend | ₹6.00 |
| KPIT Technologies Ltd. | 28 Jul 2025 | 28 Jul 2025 | Final Dividend | ₹6.00 |
| Shyam Metalics and Energy Ltd. | 28 Jul 2025 | 28 Jul 2025 | Interim Dividend | ₹1.80 |
| Wipro Ltd. | 28 Jul 2025 | 28 Jul 2025 | Interim Dividend | ₹5.00 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
Disclaimer and Disclosure
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