Markets

We've also seen significant sector rotation over the past few weeks, making it difficult for fund managers to stay positioned across every segment, says B. Gopkumar, MD & CEO of Axis Mutual Fund.

The 30-share BSE Sensex jumped 803 points or 1.04 per cent to make an intraday high of 77,989.44. The 50-share NSE Nifty made a high of 24,288.90, up 216 points or 0.90 per cent.

Gifty Nifty indicated a flat start as Brent crude remained elevated at around $85.34 per barrel. In the global market Dow Jones and the S&P 500 ended 0.20 per cent and 0.51 per cent lower.

Federal Bank posted a strong growth in profitability and core earnings, driving investor interest in the counter.

Hawkish Fed commentary and escalation in the US-Iran conflict will keep silver under pressure in the short term. The white metal is quite oversold but can extend its decline to test key support at $54

Central Bank of India reported a 13.3% YoY growth in net profit, backed by 3.1% increase in total income. However, the bank's NPA jumped by 31.1%.

According to NSE data, several institutional investors bought shares of Laser Power & Infra through open-market transactions after its listing on Thursday.

However, despite recovery from lows, the Nifty IT index underperformed the market by falling 22 per cent, as against a 7.2 per cent decline in the Nifty 50 thus far in CY2026.

Polycab India traded with a loss of 4% on Friday despite reported upbeat Q1 earnings. Analysts at JM Financial maintain a 'Buy', while Equirus assign an 'Add' rating on the stock.

Brokerages said that TechM's Q1 revenue and margins exceeded estimates, and strong deal TCV provides strong revenue visibility.

Jio Financial share price remains 16.44 per cent lower for the year so far - set for its worst annual performance since listing in 2023, shows data.

Ceat stock plunged to a low of ₹3,471 on the NSE after the company's consolidated net profit dropped by 96.4 per cent to ₹4 crore owing to forex losses.

SBI Funds Management IPO allotment status is expected today (Friday, July 17). Investors can check their allotment on the registrar Kfin Technologies' website, as well as on the BSE and NSE websites.

Caliber Mining IPO GMP today is ₹105, signalling that shares of the company could debut at ₹529, a premium of almost 25 per cent over the offer price.

Reliance Industries, JSW Steel, Federal Bank, Oberoi Realty, Tata Tech among top stocks slated to post their Q1 results today.

Brokerages expect Reliance Industries to deliver healthy performance in the June quarter of FY2027, with strength across O2C, Retail and Jio.

Caliber Mining IPO GMP ahead of the offer is 22 per cent. The company is a coal mining and logistics provider, offering end-to-end services.

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.41 per cent and 0.1 per cent down, respectively

ICICI Bank is slated to post its June quarter earnings this Saturday, along with several other leading private banking names like HDFC Bank and Axis Bank.

The renewable energy company's revenue declined to ₹1,590 crore. Meanwhile, net profit rose 69% to ₹54.2 crore from ₹32 crore on a year-on-year basis.