ADANIENSOL’s ₹8,500 Cr Order Win, COFORGE Bags $230+ Mn Contract, July Flash Composite PMI Falls To 54.3 & More
- Share.Market
- 12 min read
- 24 Jul 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Extending their losing streak for the fifth consecutive session, Indian benchmark indices opened in the red on Friday, July 24, plunging by around 1.10%. The sell-off was primarily fueled by surging Brent crude prices, which hit over $100 a barrel amid escalating US-Iran tensions and Houthi attacks on Saudi tankers, combined with a Wall Street tech rout triggered by heavy AI spending and disappointing tech results.
Furthermore, investor sentiment was dragged down by fresh 10% US tariffs under Section 301 in many countries including India; a spike in US 10-year bond yields to 4.711%, driving foreign fund outflows; and weak Q1 domestic earnings from key players like Infosys and InterGlobe Aviation. However, the market staged a late-session recovery, allowing Nifty 50 and Sensex to pare most of their losses and end 0.43% lower.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
GUJALKALIGujarat Alkalies & Chemicals reported a 12.65% YoY increase in revenue from operations for Q1 FY27, rising to ₹1,24,491 lakh from ₹1,10,512 lakh in Q1 FY26. The company turned profitable, posting a net profit of ₹5,498 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹1,378 lakh in the same period last year.
APARINDSApar Industries reported a 29.13% YoY growth in revenue from operations for Q1 FY27, reaching ₹6,591.06 crore from ₹5,104.16 crore in Q1 FY26. Profit jumped 77.80% YoY to ₹467.45 crore for the quarter ended June 30, 2026, compared to ₹262.91 crore recorded in the corresponding quarter of the previous year.
COFORGECoforge secured a five-year contract worth over $230 million with a European client for an AI-led transformation program combining Low-Code/No-Code platforms with AI automation. Additionally, the company launched Coforge Nuuron, an AI Operating System designed to help enterprises convert knowledge into operational intelligence and deploy agentic AI at scale using senior Forward Deployed Engineers.
HCLTECHHCLTech announced plans to establish its first AI Data Center in the upcoming Odisha Sovereign AI Park with a capital outlay of ₹14,257 crore. Partnering with Sarvam and the Government of Odisha, the project leverages HCLTech’s full-stack AI capabilities and Sarvam’s foundation models to boost India’s sovereign AI play and provide sector-specific AI applications.
ADANIENSOLAdani Energy Solutions won an ~₹8,500 crore inter-state transmission project in Andhra Pradesh under the TBCB framework to support Green Hydrogen and Green Ammonia projects in Vizag. The project will cater to an estimated 4,500 MW demand, adding 1,582 ckm of transmission lines and 10,500 MVA transformation capacity, bringing AESL’s transmission orderbook to over ₹80,000 crore.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty MediaNIFTY MEDIA | +1.86%+27.95 | 1527.45 |
 Nifty ITNIFTY IT | +0.82%+234.40 | 28767.95 |
 Nifty PSU BankNIFTY PSU BANK | +0.58%+48.00 | 8345.65 |
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 23 Jul 2026 | -2,999.23 | 2,947.14 |
| 22 Jul 2026 | -819.20 | -418.26 |
| 21 Jul 2026 | 1,650.16 | -656.88 |
| 20 Jul 2026 | -1,121.04 | 1,312.03 |
| 17 Jul 2026 | -376.41 | 1,017.89 |
| Month-to-Date | -7,836.18 | 24,258.04 |
What’s Happening Beyond Markets?
- According to the HSBC Flash India PMI, the Composite Output Index dropped to 54.3 in July 2026 from June’s 57.1. Marking the slowest private sector expansion since March 2022, this moderation was driven by escalating inflationary pressures and slower service-sector growth.
- India’s crude steel production grew 3% to 42.1 million tonnes in Q1 FY2026-27. Furthermore, finished steel consumption rose 8.3% to 41.6 million tonnes. However, India still remained a net importer of finished steel during this period.
- As per PIB, scientists at SASTRA University have developed a new “nanofluid electrolyte” for electrically rechargeable Zinc-air batteries. This low-cost, patented innovation suppresses zinc corrosion and enhances oxygen reactions, offering a safer and greener solution for next-generation energy storage.
- SEBI has proposed a new mutual fund-only framework for Portfolio Management Services (PMS). This regulatory initiative aims to significantly expand investment options for investors while simultaneously easing compliance requirements for portfolio managers.
Corporate Actions
Ex Date and Record Date: 28 July 2026
To qualify for a dividend, investors must buy shares before the ex-dividend date. This accommodates the trade settlement period, ensuring that they are officially registered as shareholders by the record date.
| Stock | Event Type | Event Details |
| Godrej Properties Ltd. | Dividend | Final Dividend, ₹10.00 |
| Greaves Cotton Ltd. | Dividend | Final Dividend, ₹2.00 |
| Solar Industries India Ltd. | Dividend | Final Dividend, ₹11.00 |
| SRF Ltd. | Dividend | Interim Dividend, ₹5.00 |
IPO Corner: Mainboard
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Issue Price | Minimum Investment | Subscription Status |
| Cube Highways Trust InvIT | 22 to 24 Jul, 2026 | ₹5,000 Cr | ₹151 to ₹152 | ₹14,345 | N/A |
| Lohia Corp | 23 to 27 Jul, 2026 | ₹1,101 Cr | ₹404 to ₹425 | ₹14,140 | N/A |
| Indo MIM | 23 to 27 Jul, 2026 | ₹3,811 Cr | ₹461 to ₹485 | ₹13,830 | N/A |
Listing Update
| Company | Issue Price | Listing Price (NSE) | Premium | Listing Price (BSE) | Premium |
| Caliber Mining and Logistics Ltd. | ₹424.00 | ₹500.25 | 17.98% | ₹504.00 | 18.87% |
Upcoming Results (Nifty 500 Stocks) – July 25, 2026
- Au Small Finance Bank Ltd.
- IDFC First Bank Ltd.
- Zen Technologies Ltd.
- Five-Star Business Finance Ltd.
- SBFC Finance Ltd.
Result Update
Track who beat or missed street estimates
| Stock | Revenue from Operations Q1 FY27 (Estimated) | Revenue from Operations Q1 FY27 (Actual) | Change |
| Mphasis Ltd. | ₹4,427.57 cr | ₹4,384.05 cr | 🔻 0.98% |
| Cipla Ltd. | ₹7,079.16 cr | ₹7,119.28 cr | 🔼 0.57% |
| Infosys Ltd. | ₹48,494.15 cr | ₹48,211 cr | 🔻 0.58% |
| InterGlobe Aviation Ltd. | ₹24,229.64 cr | ₹24,584.1 cr | 🔼 1.46% |
How to Save Tax Legally in India
Back to Basics
Terms that put you one step ahead – every day
What are Stock Market Scams?
Stock market scams are deceptive schemes designed to trick investors out of their money through manipulation or false information. Think of it like buying a used car. A scam is when a shady seller rolls back the odometer and hides major engine flaws just to sell you a lemon at a premium price.
In the stock market, these often appear as “Pump and Dump” schemes. Fraudsters hype up a cheap, unknown stock with fake news, sell their own shares at the peak, and leave new buyers holding the bag as the price crashes. For everyday investors, scepticism is your best defence.
Learn more: https://www.share.market/buzz/learn/stock-market-scams-of-india/
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 to cut through the noise, so you can focus on investing intelligently.
