BILKUL BAZAAR— The Daily News Wrap
Bilkul Bazaar |
- 9:00 PM | 20 July – 21 July 2026
National Business News Updates
1. SBI Funds Management Makes a Strong Stock Market Debut
Shares of SBI Funds Management ended 6.2% higher on their debut, giving the asset management company a market valuation of nearly $13 billion and reflecting strong investor confidence.
2. TVS Motor Posts Record First-Quarter Results
TVS Motor reported a 38% year-on-year rise in revenue to ₹13,896 crore, while net profit jumped 51% to ₹1,174 crore. The company’s shares surged over 5% following the announcement.
3. Indian Stock Market Ends Lower
Benchmark indices witnessed selling pressure as investors booked profits ahead of key earnings announcements and global geopolitical developments. Banking and IT stocks remained under pressure.
4. Bandhan Bank Reports Robust Quarterly Earnings
Bandhan Bank posted a 35% rise in quarterly profit, aided by lower provisions and improved asset quality, boosting investor sentiment in the banking sector.
5. Steel Industry Faces Global Pricing Pressure
Indian steel producers continue to face pricing challenges amid rising imports and weak global demand, prompting companies to focus on domestic markets and cost optimisation.
6. Foreign Institutional Investors Stay Selective
Market participants observed cautious FII activity as global uncertainty and elevated oil prices influenced investment decisions across emerging markets.
7. Corporate India Enters Peak Earnings Season
Several listed companies announced quarterly earnings today, with investors closely tracking revenue growth, margins and management guidance for the remainder of FY27.
8. Banking Stocks Remain in Focus
Private and public sector banks continued to dominate trading volumes as investors evaluated fresh quarterly results and credit growth trends.
9. Oil Price Concerns Weigh on Indian Markets
Rising crude oil prices due to Middle East tensions have increased concerns over India’s import bill, inflation and corporate input costs.
10. Investors Watch Global Cues Before Fresh Buying
Analysts expect market volatility to continue as investors await more earnings announcements, policy signals and developments in international energy markets.
International News Updates
1. Goldman Sachs Warns Brent Crude Could Cross $120
Goldman Sachs cautioned that any prolonged disruption in the Strait of Hormuz could push Brent crude prices above $120 per barrel, posing risks to the global economy.
2. Wall Street Extends Rally on AI Optimism
U.S. markets advanced as technology and AI-related stocks gained, even as investors monitored geopolitical tensions and rising oil prices.
3. General Motors Raises Profit Outlook
General Motors increased its full-year profit forecast, citing resilient consumer demand for trucks and SUVs despite global trade and tariff uncertainties.
4. Indonesia Announces Global Financial Hub Plan
Indonesia unveiled plans to establish a world-class international financial centre aimed at attracting foreign investment and strengthening regional financial markets.
5. Global Markets Track Tariffs and Middle East Crisis
Global investors remained focused on trade tensions, oil prices and geopolitical risks, with equity markets showing resilience despite continued uncertainty.
💬 Business Quote of the Day
“Price is what you pay. Value is what you get.”
— Warren Buffett
Note: You can support us by sponsoring this column. Write at editorbilkul@gmail.com 🌷 Thank You