Indian markets are anticipating a day of sideways trading with a positive bias on Thursday, July 9, 2026, following a previous session's selloff. Investors are closely monitoring rising crude oil prices, which hit $79.18 a barrel, and geopolitical developments in West Asia after the US President declared the US-Iran ceasefire over, despite ongoing peace talks.
Market participants will be keenly observing foreign institutional investor (FII) inflows, as sustained buying will be crucial for domestic equities to maintain upward momentum, according to Ponmudi R, CEO of Enrich Money.
Major Company Updates
State Bank of India (SBI)
India's largest public sector lender is in focus as the initial public offering (IPO) of its subsidiary, SBI Funds Management, is set to open for public subscription on Tuesday, July 14, closing on Thursday, July 16. The IPO includes an offer for sale (OFS) of up to 128,334,397 shares by SBI and up to 75,374,842 shares by Amundi India Holding.
Tata Consultancy Services Ltd (TCS)
India's largest IT services company by revenue will announce its June quarter results today. Alongside its quarterly earnings, the TCS board is expected to consider an interim dividend payment for the financial year 2027.
Titan Company Ltd, Sheela Foam Ltd & Others
Harsha Engineers International Ltd, RPG Life Sciences Ltd, Sheela Foam Ltd, and Titan Company Ltd are among the four stocks that will trade ex-date for dividends today.
Tata Steel
The Tata group firm reported its India crude steel production for Q1 stood at 5.82 million tons, with deliveries reaching 5.17 million tons. Crude steel production saw an 11% year-on-year increase, primarily driven by higher output from its Jamshedpur and Kalinganagar facilities. Domestic deliveries also grew by 11% YoY, supported by an enriched product mix and a strong marketing franchise.
Graphite India
Graphite India has announced the decision to discontinue and close the operations and associated service activities of its Graphite Specialities and Coating divisions in Germany. This move comes as the lasting impact of the Russia-Ukraine war and weak demand have adversely affected the competitiveness of these divisions.
JSW Energy
The company has commissioned 1,081 MW of renewable energy capacity since April 2026, bringing its total installed capacity to 14,535 MW. This capacity addition comprises 442 MW of solar, 108 MW of wind, 381 MW of hybrid, and 150 MW of hydro power projects.
Kalpataru Ltd
Kalpataru Properties, a wholly-owned subsidiary, and Kalpataru Hills Residency, a step-down subsidiary, have approved a Scheme of Amalgamation between them and their respective shareholders under the Companies Act, 2013. Upon the scheme's effectiveness, Kalpataru Ltd will retain a 100% stake in the transferee company. The company also confirmed receiving an order from the National Company Law Tribunal, Mumbai Bench, on July 8, 2026, permitting the withdrawal of its demerger scheme for Project Magnus from Kalpataru Properties.
NLC India, NALCO
NLC India and National Aluminium Company Limited (NALCO) have signed a Joint Venture Agreement to establish a Joint Venture Company (JVC). This JVC will develop a 4x270 MW (1,080 MW) coal-based Thermal Captive Power Plant in Angul, Odisha, to fulfill the captive power requirements for NALCO's 0.5 MTPA Aluminium Smelter Expansion Project.