Indian benchmark indices ended mixed as the closing auction session continued distorting market moves. Sensex climbed 374 points while Nifty gained just 11 points. Reliance Industries and SBI led gains, with analysts identifying 24,600 as Nifty’s key support and 24,800 as resistance.
Six BSE 150 MidCap stocks, including Exide Industries, Sona BLW Precision Forgings and One97 Communications, hit 52-week highs as markets advanced. The stocks gained up to 20% over the past month, signalling sustained investor confidence and strong bullish momentum.
Indian government bonds exhibited slight fluctuations as profit-taking coincided with substantial debt issuance. The supportive dovish stance from the Reserve Bank of India helped stabilize the situation. Since early August, bond yields have decreased by nearly seven basis points. Market participants are now focused on a major bond auction set for Friday, while overnight indexed swap rates saw a modest rise as traders adjusted their positions.
Reliance Industries and SBI shares gained up to 3.5% on Thursday amid heavy trading activity, with over 41.65 million shares worth Rs 4,294 crore changing hands across exchanges. Both stocks outperformed the broader market, while SBI continued to trade at a lower valuation than RIL and the Nifty50.
FIIs and mutual funds increased stakes in several Nifty Midcap 150 stocks over recent quarters, with many delivering strong returns. Radico Khaitan led the pack, gaining up to 65%.
Trent Q1 Results: Trent reported a 21% year-on-year rise in Q1 consolidated net profit to Rs 519 crore, while revenue grew 18% to Rs 5,755 crore. The retailer expanded its store network to over 1,300 outlets across 330 cities, opening 23 stores during the quarter. It expects the pace of new store additions to remain broadly consistent over the coming year.
Major Asian multi-strategy hedge funds suffered sharp losses in July 2026 as an artificial intelligence and tech stock selloff erased early-year gains. Declines across Japan, South Korea, and China tech shares dragged platform funds lower, though diversification helped them outperform pure stock-picking peers during the market rout.
Japanese government bond yields fell as lower oil prices eased inflation concerns and improving Middle East peace prospects boosted demand for safe-haven assets. Gains were seen across maturities, with longer-dated bonds supported by a solid 30-year auction. Investors remain focused on energy prices, geopolitical developments and future monetary policy, according to Reuters.
Artificial intelligence has powered a strong rally in emerging-market technology stocks, led by semiconductor giants in South Korea and Taiwan. However, soaring valuations have triggered sharp volatility, foreign investor outflows and concentration risks. Despite recent corrections, investors remain optimistic about the long-term AI-driven growth story, according to Reuters.
Tata Sons may face renewed pressure to list if the RBI classifies it as an upper-layer NBFC under revised principle-based norms. Governor Sanjay Malhotra said the new framework will simplify classification. With assets above the regulatory threshold, Tata Sons could be required to go public, reviving its long-running IPO debate.
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