Titan’s Stellar Business Update, RITES’ Huge Export Order & More!
- Share.Market
- 11 min read
- 07 Jul 2026
After a volatile session today, the Sensex and Nifty ended lower, snapping their four-day winning streak. Weakness in heavyweight stocks, profit booking in midcaps and selling in defence and realty counters offset gains in the IT sector.
Key Indices
Today’s Top News from the Indian Share Market
NAUKRIThe parent company of naukri.com and jeevansathi.com surged after it posted robust numbers in its quarterly business update. It saw a 14.4% increase in its standalone billings at ₹737 crore in Q1 FY27 as compared to ₹644.2 crore in the same quarter of the previous fiscal year.
RITESThe state-run Navratna company bagged an export order for the suppy and commissioning of 4000 HP Cape Gauge diesel electric locomotives from Volantis Asset Finance (Pty) Ltd., South Africa. This order was valued at $35.82 million.
TITANThe Tata Group Company said that its consumer businesses grew about 41% year-on-year in the June quarter, helped by strong jewellery demand, store expansion and a sharp rise in its international business. It added 77 stores on a net basis during Q1FY27, taking its total retail network to 3,680 stores as of June 2026.
COCHINSHIPShares of Cochin Shipyard fell a day after the government said that it will sell up to 5% stake in the defence PSU at a floor price of ₹1,400 per share through an offer for sale beginning Tuesday, 7th July, 2026. This floor price was at a discount of 7% over the stock’s previous close on Monday.
TRENT
Shares of Tata Group’s fashion retailer Trent, which runs the Westside and Zudio chain of stores plunged after the company’s Q1 revenue growth fell short of wider expectations as per media reports. Its standalone revenue came in at ₹5,666 crore, up 19% year-on-year. Trent added 26 stores in 1QFY27, taking its total fashion format store count to 1,312, up 26% YoY.
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) |
| 04 Jul 2026 | 243.03 | 3,791.42 |
| 03 Jul 2026 | 1,355.33 | -1,953.89 |
| 02 July 2026 | -311.82 | 1,784.40 |
| 01 July 2026 | -1,140.50 | 3,159.24 |
| Month-to-Date | 146.04 | 6,781.17 |
What’s Happening Beyond Markets?
- Raising some concerns, the rating agency, S&P Global Ratings in its latest report has said that a weak monsoon in India may lead to higher inflation, weaken rural demand and strain fiscal balances.
- Commerce and Industry Minister Piyush Goyal has said that India and the European Union (EU) are likely to complete the legal scrubbing of the free trade agreement (FTA) within the next 15-20 days. India and the 27-nation bloc announced the conclusion of negotiations for the trade pact in January. Following the legal scrubbing, both sides are likely to sign the agreement by the end of this year and implement it next year.
- CRISIL Ratings in its latest report has said that gold loans surpassed vehicle loans to become the largest securitised asset class in the April-June quarter of the current fiscal (Q1FY27), marking a significant shift in the overall asset class composition. It said securitisation, a process through which lenders pool loans and sell them to investors to raise funds and free up capital for fresh lending, saw issuances rising 22 per cent year-on-year to about ₹60,000 crore in Q1FY27.
- The Centre for Research on Energy and Clean Air (CREA) in its reports has flagged possible strain on Indian energy system due to this year’s El Nino, a recurrent weather pattern that drives up global temperatures. It will reduce the country’s power generation from turbines and hydropower, while the warmer temperatures will increase the demand for power-hungry air conditioning.
Back to Basics
Terms that put you one step ahead – every day
What is the EV/EBITDA Ratio? Formula & Calculation
When comparing companies, the widely used Price-to-Earnings (P/E) ratio can sometimes provide an incomplete picture, particularly when businesses have significantly different debt levels or capital structures. The EV/EBITDA ratio helps address this limitation by focusing on operating performance relative to total enterprise value, making it a widely used valuation metric among investors, analysts, and investment bankers. Read more
IPO Corner
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| Kusumgar Ltd | 8 to 10 Jul, 2026 | ₹650.00 Cr | ₹398 to ₹419 per share | ₹13,930 |
| Laser Power & Infra Ltd | 9 to 13 Jul, 2026 | ₹742 Cr | ₹203 to ₹214 | ₹14,210 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Axis Bank Ltd. | 10 Jul 2026 | 10 Jul 2026 | Final Dividend | ₹ 1.0000 |
| Dr. Reddy’s Laboratories Ltd. | 10 Jul 2026 | 10 Jul 2026 | Final Dividend | ₹ 8.0000 |
| Hindalco Industries Ltd. | 10 Jul 2026 | 10 Jul 2026 | Final Dividend | ₹ 5.0000 |
| Nestle India Ltd. | 10 Jul 2026 | 10 Jul 2026 | Final Dividend | ₹ 5.0000 |
| Nestle India Ltd. | 10 Jul 2026 | 10 Jul 2026 | Special Dividend | ₹ 2.0000 |
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.
