The Indian stock market ended lower on Friday as Sensex dropped 71 points and Nifty closed at 24,366. Broader midcap and smallcap indices underperformed, falling 0.7% each. Analysts cite global yield uncertainty and oil prices for the sideways movement, while technical indicators point to key support near 24,200.
The Indian rupee faced a challenging week, depreciating against the dollar amidst mounting tensions from the Middle East conflict. Despite this, central bank interventions and steady dollar sales by state banks helped mitigate more significant losses. With India relying on imports for about ninety percent of its oil, the economy remains susceptible to supply disruptions.
Stocks held by more than 100 mutual fund schemes showed strong gains in CY26, with 15 stocks rising 50% or more through July. Welspun Corp, Apar Industries and Ather Energy emerged as the top performers, each more than doubling during the period.
Unitree is set for a highly anticipatedShanghai debut, with private-market prices indicating potentially steep gainsover its 150.8-yuan IPO price. The humanoid robot maker attracted record retaildemand, helped by profitability, strong government backing and a limited IPOfloat. However, high valuations, competition and uncertain commercialapplications pose significant risks.
Pakistan celebrates its 79th Independence Day as the KSE-100 index delivers a 23% return over the past year despite geopolitical tensions and market volatility. From a record high in January, the index has slipped around 6%. Meanwhile, younger investors are increasingly entering Pakistan’s stock market, boosting participation and account openings.
Big Tech’s AI capex surge is putting pressure on free cash flow, with Microsoft, Amazon, Alphabet and Meta spending $165 billion in Q2 against just $7 billion in free cash flow. Jefferies’ Chris Wood warns that growing reliance on cash-burning AI firms OpenAI and Anthropic could pose a hidden risk.
Reddit shares surged around 11% in after-hours trading after the social media company was selected to join the S&P 500 from August 18. The inclusion is expected to trigger passive-fund buying, while investors continue to track advertising growth, user engagement and AI-related traffic risks.
Sugar stocks rallied for a second session on Friday as domestic sugar prices climbed 8-10% over the past month to a seven-year high. Rising global prices, supply concerns in Brazil and Thailand, higher ethanol demand and expectations of tighter Indian exports have strengthened the outlook for sugar producers.
On Rakesh Jhunjhunwala’s fourth death anniversary, his investment philosophy continues to offer valuable lessons for investors. From patience and discipline to respecting market dynamics, learning from mistakes and avoiding unreasonable valuations, these principles remain relevant for navigating equity markets.
Manorama Industries shares surged after Q1FY27 net profit jumped 67.6% YoY to ₹78.7 crore, aided by a better product mix, higher capacity and strong demand from chocolate, confectionery and cosmetics sectors.
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