SBI Funds Management has raised nearly ₹2,663 crore from 129 anchor investors ahead of the opening of its ₹9,813 crore initial public offering (IPO) on July 14.
Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional cues.
Crypto treasury firms face mounting pressure as falling bitcoin prices erode valuations and investor confidence. Strategy’s fresh sales plan has revived scrutiny of the digital asset treasury model, with declining mNAV, weak trading volumes and liquidity concerns raising doubts about sustainability amid macro headwinds and tighter financial conditions.
Federal Reserve Governor Christopher Waller signalled that interest rates may need to rise in the near term if inflation remains elevated. He warned that broadening price pressures and a potential surge in energy costs could delay progress toward the 2% target, keeping the Fed at a critical policy crossroads.
Millworks Technologies has successfully garnered Rs 44 crore from its anchor investors ahead of its public offering set to commence on July fourteenth. This large-scale IPO, amounting to Rs 160.33 crore, will close on July sixteenth. Renowned for its precision components across multiple sectors, the firm plans to utilize the raised funds to bolster capital expenditures and meet working capital demands.
SK Hynix’s US-listed shares fell nearly 8% after a strong Nasdaq debut, as investors booked profits in AI-linked chip stocks. The decline triggered broader weakness across global semiconductor stocks, with sharp losses in Seoul and the US, reflecting growing concerns over valuations and sustainability of AI-driven demand.
Sensex and Nifty recovered sharply from nearly 1% intraday losses to close marginally higher, led by IT stocks. Analysts cited strong FII inflows and technical support at 24,000, while warning that rising crude oil prices remain the biggest market risk.
HCL Technologies Q1 results: IT services company HCL Tech reported a 20% year-on-year (YoY) growth in its consolidated net profit at Rs 4,624 crore in the first quarter of FY27. The same stood at Rs 3,843 crore in the last year quarter.
Seven BSE 200 stocks, including Paytm, Nykaa, Oracle Financial Services and JSW Infrastructure, hit fresh 52-week highs despite a subdued market. The milestone reflects strong investor confidence, sustained buying interest and continued upward momentum in these counters.
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