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Informist, Wednesday, Jul. 8, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices slightly off lows; investors buy pharma, realty stocks

 

MUMBAI--1035 IST--Investors bought pharmaceutical and healthcare stocks, which are relatively less affected by renewed tensions in the US-Iran war and are largely considered a defensive play.

 

Indices slightly came off lows and at 1039 IST, the 50-stock index was at 24281.60 points, down 117.10 points, or 0.5%. The BSE Sensex was at 77788.39 points, down 392.33 points, or 0.5%. Broader market indices also came off lows, with mid-cap indices paring most of the losses.

 

Meanwhile, the Nifty Pharma and the Nifty Healthcare indices were up 0.3-0.4%, outperforming both the headline indices and broader market indices. Among pharma stocks, Zydus Lifesciences, Aurobindo Pharma, Divis Laboratories, and Torrent Pharmaceuticals rose 1-2%. 

 

There was buying interest in real estate and metal companies as well. Lodha Developers, Anant Raj Ltd., and DLF gained around 1-3%. Ferrous metal companies such as Hindalco Industries, Hindustan Zinc, Vedanta, National Aluminium Co. rose about 1-3%. On the other hand, Nifty FMCG was the worst hit and fell 1.4%. All its 15 constituents traded lower. ITC, Dabur India, United Breweries, and Godrej Consumer Products fell over 1-2%.  (Gopika Balasubramanium)

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Equity Alert: Knack Packaging lists at INR 188 on NSE, 11?ove issue price

 

MUMBAI--1016 IST--Knack Packaging listed at INR 188 on the National Stock Exchange, a nearly 11% premium to the issue price of INR 170. The stock made its debut on BSE at INR 186, which translates to a premium of over 9% against the issue price. At 1011 IST, shares of Knack Packaging traded over 10% higher at INR 187.47 on the NSE. Nearly 18 million shares of the company changed hands on the exchange so far.

 

The company's public issue closed Friday and was subscribed 83.3 times, with bids placed for 1.58 billion shares against just 18.96 million shares on offer. Knack Packaging is an integrated, export-led, sustainability-oriented provider offering a range of packaging solutions, including printed and laminated woven polypropylene bags and printed and laminated woven polypropylene pinch-bottom bags that are customised, high-strength packaging solutions for a wide range of sectors, including food products and pet foods.

 

For the financial year 2025–26 (Apr-Mar), the company had reported a consolidated net profit of INR 927.24 million on revenues of INR 8.23 billion.  (Adhithya Aji)

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Equity Alert: Indices open lower amid fresh escalation in US-Iran war

 

MUMBAI--0935 IST--Indian equity indices opened lower on Wednesday mirroring movement in other Asian indices amid renewed tensions in West Asia. Overnight, the US struck Iran in response to the latter's attack on three commercial ships that were transiting the Strait of Hormuz. The US called Iran's attacks unwarranted and a clear violation of the ceasefire. Indices are likely to be volatile during the day as India VIX, the fear gauge of Dalal Street, jumped 5% to around 12.3225. Less than 15 Nifty 50 stocks were higher

 

At 0934 IST, the Nifty 50 was at 24217.35, down 181.35 points or 0.7%. The index is expected to take support at 24200 points for the day, according to technical analysts. Investors may also look to book profits amid slightly overbought conditions, they said. The BSE Sensex was at 77569.41 points, down 611.31 points or 0.8%. Broader market indices were also lower in early trade. Meanwhile, Shriram Finance and InterGlobe Aviation fell around 3?ch and were the worst-hit Nifty 50 stocks. 

 

Barring, pharmaceutical, healthcare, and information technology sectors, all other fell at open. Nifty Pharma and Nifty Healthcare indices were up around 1?ch. Dr. Reddy's Laboratories, Cipla, Sun Pharmaceutial Industries, Max Healthcare Institute, and Apollo Hospitals Enterprise were up 0.4-1.0%. 
  

Among Nifty 200 constituents, Info Edge (India) rose over 4% and was the top gainer. The stock rose for two sessions in a row after posting robust growth in billings for the June quarter. Kalyan Jewellers was up around 4%. Meanwhile, crude oil-sensitve oil marketing companies such as Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp. fell 3-4%. The brent crude oil rose around 3% to $76 a barrel after the fresh conflict in West Asia.  (Gopika Balasubramanium)

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Equity Alert: Asia mkts open dn as W Asia war escalates again, Kospi falls 4%

 

MUMBAI--0743 IST--Indices in Asia fell sharply Wednesday after opening stable amid a fresh escalation in the West Asia war. US launched fresh attacks on Iran after the latter attacked three commercial vessels transiting through Strait of Hormuz. This comes as a violation to the interim peace deal both the countries signed last month.

 

South Korea's Kospi fell the sharpest and was down 4% in early trade. Later, it pared losses and was down over 1%. The fall was despite heavyweights Samsung Electronics Co. rising 1.4% and SK Hynix 5.8%. Japan's Nikkei was down marginally.

 

"Increasing concentration in the semiconductor sector has become a factor raising financial market volatility, with the impact of fluctuations in the chip sector on the whole stock market growing," South Korean Finance Minister Koo Yun-cheol was quoted as saying by Reuters.

 

China's CSI 300 Index was down slightly. China's macroeconomic backdrop remains challenging, with weak retail sales and soft consumer sentiment continuing to weigh on markets, JPMorgan's Chief Asia Market Strategist Tai Hui told CNBC. Meanwhile, Hong Kong's Hang Seng rose 1.4%. 

 

Following are the levels of key indices in the region at 0743 IST:

 

Index	Level	Change in %
Nikkei 225 Day	67935.09	(-)0.47
TOPIX FIRST SECTION	4034.69	(-)0.68
S&P/ASX 200 Index	8709.10	(-)1.08
KOSPI Index	7600.67	(-)0.73
Hang Seng Index	23830.80	1.42
CSI 300 Index	4777.59	(-)0.31
FTSE Singapore Strait Times	5348.22	0.11

 

(Deesha Jadhav)

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Equity Alert: Indices may face selling pressure amid escalation in W Asia war

 

MUMBAI--0824 IST--Indian equity indices are expected to face selling pressure at open Wednesday amid renewed escalations in West Asia war and continuation of the last minute profit-booking from the previous session. Overnight, the US struck Iran in response to the latter's attack on three commercial ships that were transiting the Strait of Hormuz. The US called Iran's attacks unwarranted and a clear violation of the ceasefire. Most Asian indices were largely stable at open but have fallen now. 

 

These escalations now undermine the interim peace deal between both the countries reached a month ago. Following these attacks, brent crude oil prices inched up a bit. At 0746 IST, the near-month contract of Brent crude oil traded on the Intercontinental Exchange were 2% higher at $75.9 a barrel. Almost for last two weeks, the crude oil prices hovered around $72 a barrel.     

 

The Nifty 50's attempt to break out above 24500 which was met with late-session profit booking Tuesday and the geopolitical tensions dragged the Gift NIFTY 100–150 points lower, signalling immediate selling pressure at the open, Bhavya Shah, technical analyst at StoxBox, said. For Wednesday's session, "24500 points will act as a critical resistance, followed by major overhead supply at 24800 near the 200-day moving average," the analyst said. "On the downside, 24200 (points) serves as the immediate support ...with the ultimate psychological level at 24000," he added.

 

At 0746 IST, the July contract of GIFT Nifty was at 24231, down 20.5 points or 0.1% from its previous close. On Tuesday, the headline Nifty 50 index closed lower 31.65 points or 0.1% at 24398.70. The 50-stock index had retreated after coming close to 24550 points, the resistance level for Tuesday, and briefly slipped into the red.  (Gopika Balasubramanium)

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Equity Alert: US indices close lower ahead of FOMC minutes

 

MUMBAI--0702 IST--US markets closed lower Tuesday as investors pulled out of AI-linked stocks after sentiment was affected by the rise in oil prices. The Dow Jones Industrial Average and the S&P 500 fell marginally. The Nasdaq Composite fell 1.2%, with chipmakers leading the decline.

 

Oil prices rose after the US launched strikes on Iran in retaliation for attacks on ships travelling through the Strait of Hormuz. Brent crude September futures rose to $75.78 a barrel, up more than 2%. The US also revoked the licence that permitted Iran to sell its oil internationally. US stock futures were near flat as investors weighed on rising tensions in the West Asia and surging oil prices.

 

Investors await the minutes of the Federal Open Market Committee's last meeting, due late Wednesday. The minutes will provide clarity into Federal Reserve Chairman Kevin Warsh's first policy meeting, which left interest rates unchanged while signalling these could be hiked if inflation remains high. 

 

"The FOMC minutes will be [a] wildcard simply because Warsh was so opaque at the most recent press conference," Adam Crisafulli, founder of Vital Knowledge, said in a note as per a CNBC report. "Normally, [Jerome] Powell provided fairly comprehensive accounting of the meeting discussion, but that didn't happen with Warsh, so the minutes, which are likely to be hawkish in tone, could contain some surprises." 

 

Following were the closing levels of major US indices Tuesday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52925.15	(-)0.25
NASDAQ Composite	25818.69	(-)1.16
S&P 500	7503.85	(-)0.45

 

(Deesha Jadhav)

 

US$1 = INR 95.16

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Deepshikha Bhardwaj

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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