Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
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Market Overview
Benchmark indices opened flat today, with Nifty opening at 25,089, but surged during the day to close at 25195, 113 points (0.45%) higher, ending a four-day losing streak as the latest inflation numbers boosted market sentiment.
Broader Market Performance:
Broader market indices, however, performed better; the Microcap 250 index was up by around 1.24%, while Midcap 150 ended the day up by 0.92% and Smallcap 250 up by over 0.80%.
Out of 3,015 stocks traded, 1,968 advanced, 961 declined, and 86 remained unchanged.
Note: The above numbers for Commodity futures were taken around 4 pm.
Change in OI for the day
The following is the change in OI for Nifty contracts expiring on 17th July:
The maximum Call Open Interest (OI) is observed at 25,500, followed by 25,200 and 25,300, suggesting immediate resistance at 25,200.
The maximum Put Open Interest (OI) is observed at 25,000, followed closely by 25,100, suggesting strong support at 25,000 - 25,100 levels.
Note: OI is subject to multiple interpretations, but generally, an increase in Call OI indicates resistance in a falling market, and an increase in Put OI indicates support in a rising market.
Source: Sensibull
Tijori is an investment research platform, and they have constructed niche indices for various themes and sub-sectors. They help you understand the market performance of narrow slices of the market. You can also track the Promoter buying and other interesting stuff like Capex activity by the companies in the Tijori App’s idea dashboard.
What’s happening in India
Tesla has entered India with the launch of two Model Y variants priced from ₹59.89 lakh. The company opened its first showroom in Mumbai. Deliveries will begin later in 2025, with initial rollout in Mumbai, Delhi, and Gurgaon. Dive deeper.
ICICI Prudential Life reported a 34% YoY jump in Q1 FY26 net profit to ₹302 crore, driven by higher premiums and lower costs. APE (Annual Premium Equivalent) fell 5%, while VNB (Value of New Business) dropped 3.2%. Dive deeper.
EQT Group-backed Indira IVF is set to refile its draft IPO later this month to raise around ₹3,500 crore via a secondary sale by existing shareholders, including EQT (₹2,900 crore) and the founding Murdia family (₹200 crore each). The hospital chain operates over 155 fertility centres across India. Dive deeper.
India's merchandise trade deficit for June 2025 narrowed to $18.78 billion (vs. $21.88 bn in May), driven by a sharp drop in imports—particularly crude oil and gold—while exports stalled at a seven-month low of $35.14 bn Dive deeper.
As of mid‑day Day 2, the Anthem Biosciences IPO is ~2.1× subscribed. Grey market premium stands around ₹116–124, suggesting a potential listing price near ₹686–694—about a 20% gain over the ₹570 upper price band. The ₹3,395 crore, pure Offer for Sale IPO, closes July 16, with allotment likely July 17 and listing around July 21. Dive deeper.
HDFC Bank aims to grow advances faster than the industry in FY27, after capturing 14.6% of incremental deposits in FY25. Dive deeper.
WeWork India has received SEBI approval for an IPO comprising a pure Offer for Sale of 43.75 million shares by Embassy Buildcon and 1 Ariel Way Tenant. Dive deeper.
Zydus Lifesciences has received USFDA approval to market Celecoxib Capsules, used for pain and inflammation. The drug saw US sales of $122.6 million. Dive deeper
Oberoi Realty has acquired 100% stake in Hotel Horizon Pvt Ltd, which is developing a retail-cum-hotel project in Juhu, Mumbai. Dive deeper
Tejas Networks swung from a ₹77 crore profit last year to a ₹194 crore loss in Q1 FY26. Revenue plummeted 87% YoY to ₹202 crore. Shares hit a 52‑week low (₹629), falling about 6% on the news. Dive deeper.
HCLTech’s Q1 profit fell ~10% YoY to ₹3,843 crore, below estimates, while revenue grew ~8% to ₹30,349 crore. The company cut its FY26 EBIT margin guidance to 17–18%, down from 18–19%, triggering a ~4.3% drop in its stock. Dive deeper.
Rallis India reported a 98% YoY jump in Q1 net profit to ₹95 crore on a 22% rise in revenue to ₹957 crore. Dive deeper.
State‑run Bank of Maharashtra reported a 23% YoY increase in net profit to ₹1,593 crore for Q1 FY26. Total income rose ~16% to ₹7,879 crore, while asset quality remained firm with gross NPA at 1.74% and net NPA at 0.18%. Dive deeper.
Tata Technologies posted a 5% YoY increase in Q1 FY26 net profit to ₹170 crore, while revenue fell 2% to ₹1,244 cr. Dive deeper.
What’s happening globally
The FTSE 100 hit a record intraday high of 9,016.98 on July 15, reflecting a 10%+ YTD gain, driven by strong earnings from defence, banking, mining, and investor shifts away from U.S. equities amid trade tensions Dive deeper.
Japan’s Nikkei 225 gained around 0.55% on July 15, fuelled by a rally in chip-linked stocks like Tokyo Electron and Advantest after Nvidia secured U.S. approval to resume shipments of its H20 AI chips to China . Dive deeper.
BlackRock’s Q2 profit rose 21% YoY to $1.88 billion, aided by market gains and forex tailwinds. AUM touched an all-time high of $12.53 trillion. Dive deeper.
Cognition AI has bought Windsurf, an AI-powered IDE startup, to strengthen its coding assistant Devin. Diver deeper.
Management chatter
In this section, we pick out interesting comments made by the management of major companies and policymakers of the Indian and Global Economy.
Meta Platforms Inc. CEO Mark Zuckerberg on building massive data centres to power AI
“We’re calling the first one Prometheus, and it’s coming online in ‘26,” Zuckerberg said in a post on his social platform Threads on Monday.
“We’re building multiple more titan clusters as well. Just one of these covers a significant part of the footprint of Manhattan.” - Link
TCS CEO K Krithivasan on strong order pipeline and ongoing demand challenges
"Economic uncertainty has continued throughout the quarter."
"Till trade discussions are concluded, it will persist. This will weigh on consumer businesses."
“We are seeing momentum in banking," - Link
Anand Mahindra, Chairman of Mahindra Group, on Tesla's entry to India
"Welcome to India, @elonmusk and @Tesla. One of the world’s largest EV opportunities just got more exciting.”
“Competition drives innovation, and there’s plenty of road ahead. Looking forward to seeing you at the charging station," - Link
🧑🏻💻Have you checked out The Chatter?
Every week, we listen to the big Indian earnings calls—Reliance, HDFC Bank, and even smaller logistics firms—and copy the full transcripts. We then remove the fluff and keep only the sentences that could move a share price: a surprise price hike, a cut-back on factory spending, a warning about weak monsoon sales, or a hint from management on RBI liquidity. We add a quick, one-line explainer and a timestamp so you can trace the quote back to the call. The whole thing lands in your inbox as one sharp page of facts you can read in three minutes—no 40-page decks, no jargon, just the hard stuff that matters for your trades and your macro view.
Go check out The Chatter here.
Calendars
In the coming days, we have the following significant events and corporate actions:
That’s it from us for today. We’d love to hear your feedback in the comments, and feel free to share this with your friends to spread the word!
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Zydus life and oberio realty part has no dive deeper hyperlink - was this intended?