News

Post Market Update- Sensex, Nifty end flat amid volatile trade

Stocks in the news-

1. Biocon Malaysia receives EMA approval for new drug product Fill Finish Unit for Insulins.

2. ITI won 4G expansion phase IX order from BSNL worth Rs. 856.39 cr.

3. BCPL Railway emerged as L1 bidder for Eastern Railway's Howrah division 25 KV OHE reliability enhancement project.

Earnings-

1. DB Corp Q1 net profit rose by 24.6% YoY at Rs. 101 Cr.

2. Polycab India Q1 net profit surged 32.5% YoY at Rs. 784 Cr.

Indian indices-

Indian stock markets fluctuated between gain and losses during the session as investors remained cautious amid uncertainty in overseas markets. Indian equities ended flat on July 16, after a volatile trading session marked by profit booking and mixed global cues. Market participants remained focused on global developments, corporate earnings, and upcoming economic data for further direction. At close, the Sensex was up 1.44 points at 77,186.87, and the Nifty was down 5.75 points or 0.02% at 24,072.75.

Buzzing stocks on BSE-

ICICI Lombard General Insurance Company Ltd plunged 10.52% to Rs. 1,623.19, after company reported Q1 profit plunged 46% to Rs. 403.2 crore for the quarter ended June 30, 2026, as compared to quarter ended June 30, 2025, at Rs 747.1 crore.

Global Signals-

Asian stocks fell due to tech sell-off, rising US-Iran tensions.

European markets trade lower amid cautious sentiment.