NLCINDIA’s JV With NALCO, SMLMAH’s June Operational Numbers, India and Afghanistan’s Bilateral Meeting & More
- Share.Market
- 12 min read
- 09 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.
Snapping a two-day losing streak, Nifty 50 and Sensex ended a volatile trading session in the green on July 9. The majority of sectoral indices advanced, with Nifty Realty emerging as the top gainer, while Nifty Auto and Nifty IT indices were the only sectoral losers.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
SUVENSuven Life Sciences announced the incorporation of a 100% wholly-owned subsidiary, Suven Neurosciences Pte. Ltd., in Singapore. The new clinical-stage biopharmaceutical entity will focus on developing therapeutics for neurological disorders, with a total cash investment of up to USD 100 million.
SMLMAHSML Mahindra released its operational numbers for June 2026. The company reported a rise in commercial vehicle production to 1,587 units and in sales to 1,896 units, compared with the same period last year. However, exports declined to 34 units.
PHOENIXLTDPhoenix Mills reported a 32% YoY growth in retail portfolio consumption to ₹4,727 crore in Q1 FY27. Commercial office leased occupancy improved to 72% in June 2026, while hotel assets such as St. Regis Mumbai recorded 15% YoY RevPAR growth.
NLCINDIANLC India signed a 50:50 Joint Venture Agreement with NALCO. The partnership will develop, finance, and operate a 1,080 MW (4 x 270 MW) coal-based captive thermal power plant at Angul, Odisha, to ensure a reliable long-term power supply for expansion projects.
COFORGECoforge launched SecureEdge2Cloud, a next-generation AI-powered, Zero Trust security offering built on the Zscaler Zero Trust Exchange platform. Additionally, the company has been onboarded into the next phase of Zscaler’s Project AI-Guardian to expand ecosystem collaboration.
DRREDDYDr. Reddy’s Laboratories announced delays in commercial supplies of semaglutide. Certain batches of the metabolic therapy were found out of specification due to an issue associated with the active pharmaceutical ingredient (API). Patient safety and existing global regulatory filings remain unaffected.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*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) |
| 08 Jul 2026 | 1,962.80 | 790.16 |
| 07 Jul 2026 | 393.19 | -383.43 |
| 06 Jul 2026 | 243.03 | 3,791.42 |
| 03 Jul 2026 | 1,355.33 | -1,953.89 |
| 02 July 2026 | -311.82 | 1,784.40 |
| Month-to-Date | 2,502.03 | 7,187.9 |
What’s Happening Beyond Markets?
- India and Australia launched the Partnership on Cyber, Critical Technologies and Supply Chains (PACTS). Succeeding the 2020 framework, this initiative features five pillars focusing on supply chain resilience, AI, cybersecurity, digital resilience, and defence research.
- India and Afghanistan held a bilateral meeting to deepen agricultural cooperation. Union Minister Shivraj Singh Chouhan reaffirmed India’s commitment to supporting Afghanistan’s food security through quality seeds, climate-resilient farming, and forming a Joint Working Group.
- According to the Ministry of Health and Family Welfare, Navi Mumbai Airport is now a designated port for importing drugs. This amendment to the Drugs Rules, 1945, brings India’s total drug entry ports to 42, aiming to strengthen pharmaceutical logistics.
- As per the Ministry of Coal, applications are open for the ₹37,500 crore Surface Coal/Lignite Gasification Projects scheme. Aimed at reducing import dependence and boosting energy self-reliance, the deadline for submitting eligible proposals is September 7, 2026.
- As per the National Mission for Clean Ganga (NMCG), two pilot projects utilising Nature-based Solutions have been initiated for urban drain management. These constructed wetland systems, featuring a 10 MLD treatment capacity, aim to sustainably treat wastewater discharged into the Yamuna.
- According to the NFDC-NFAI, the 1989 Malayalam classic “Kireedam” has returned to theatres globally in a restored 4K version with Dolby Atmos. Sourced from a preserved 35mm release print, this effort highlights the ongoing mission to preserve India’s cinematic heritage.
Why Swiggy Desperately Wants To Be Indian?
If you looked at Swiggy’s share price today, you might have assumed the delivery giant just posted a blockbuster quarter or announced a massive surge in food orders. The stock rallied over 7% in a single session.
But the actual trigger wasn’t a sudden spike in food orders. It was a routine regulatory filing.
Swiggy announced that its aggregate foreign shareholding had dropped to 49.76%. For the first time, domestic Indian investors own a majority stake in the company.
On paper, it sounds like a minor corporate update. But for investors, this shift cleared a massive hurdle for Swiggy to claim a highly coveted regulatory status: becoming an Indian Owned and Controlled Company (IOCC).
And that tag could completely change the economics of its quick commerce business. Let’s break it down.
Corporate Actions
Ex Date and Record Date: 13 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 |
| Ingersoll-Rand (India) Ltd. | Dividend | Final Dividend, ₹20.00 |
| Mahindra & Mahindra Financial Services Ltd. | Dividend | Final Dividend, ₹7.50 |
IPO Corner: Mainboard
Upcoming IPOs
| Company | Date | Total Issue Size | Issue Price | Minimum Investment | Subscription Status |
| Kusumgar Ltd | 8 to 10 Jul, 2026 | ₹650.00 Cr | ₹398 to ₹419 per share | ₹13,930 | 10.38x Oversubscribed |
| Laser Power & Infra Ltd | 9 to 13 Jul, 2026 | ₹742 Cr | ₹203 to ₹214 | ₹14,210 | 0.11x Subscribed |
Upcoming Results (Nifty 500 Stocks) – July 10, 2026
What Went Wrong With India’s Vehicle Policy?
Back to Basics
Terms that put you one step ahead – every day
What is the Cup and Handle Pattern?
In stock trading, a cup and handle is a chart pattern indicating a stock might be gearing up for a major upward run. Think of it like a runner catching their breath. The runner sprints, tires out and slows down, recovers their energy (forming a U-shaped “cup”), and takes a brief, shallow pause (the “handle”) before sprinting forward again.
On a stock chart, the “cup” shows the price dropping and then steadily recovering to its previous high. The “handle” is a slight, temporary dip that follows right after. For everyday investors, spotting this is a classic bullish sign. It suggests that a period of selling has dried up, and buyers are quietly loading up on shares before the stock potentially breaks out to new highs.
Learn more: https://www.share.market/buzz/learn/cup-and-handle-pattern/
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.
