TLDR

📈 Market Recap: July 16, 2025

Indian equity benchmarks closed modestly higher on Wednesday following a volatile session marked by mixed global cues, sector shifts, and steady institutional flows. The BSE Sensex rose 63.6 points (+0.08%) to 82,634.48, while the Nifty 50 added 16.25 points (+0.06%) to finish at 25,212.05, supported by strength in PSU banks, IT, and realty, even as metal stocks lagged. The Nifty Midcap 100 ended flat, and the Smallcap 100 added about 0.03%, with PSU banks leading broader gains. Market breadth was positive, with 2,234 advances, 1,658 declines, and 150 unchanged stocks on the NSE. India VIX dropped 2.1% to close at 11.24, signalling eased near-term volatility after recent global uncertainty.

Key Drivers:

•  Auto & Metals drag indices intraday: Selling in large auto names like M&M (–1.0%) and Tata Motors (–0.8%), plus mild profit booking in metals, capped early gains as investors assessed Tesla’s official India entry and its impact on domestic EV players.

• PSU Banks & IT stocks lend crucial support: Tech Mahindra’s upbeat Q1 (PAT +34% YoY) lifted broader IT by 0.7%. PSU banks rallied 1.5% on a stable earnings outlook and improved credit offtake sentiment, helping indexes close in green.

• Mixed global cues but local flows steady: Despite hotter-than-expected US inflation pushing the dollar index higher, FII inflows remained steady at ₹950 crore, helping the rupee hold near ₹85.94/USD and keeping India VIX lower for the day.

Today’s Top Stories:

1. SBI Launches ₹25,000 Cr QIP at ₹811.05 Floor Price: SBI opened a ₹25,000 cr QIP at ₹811.05/share to boost capital, with shares ending 1.8% higher on fundraising optimism.

2. Cabinet Approves ₹50,000 Cr for Agriculture & Renewable Energy Push: Govt cleared three big-ticket plans worth ₹50,000 cr+ covering agriculture districts, NTPC renewables, and NLCIL expansion.

3. SEBI Mulls Mandating Use of Spot Prices for Domestic Gold, Silver: SEBI’s draft rules may force AMCs and ETFs to use local spot prices for gold/silver to boost valuation transparency.

4. Institutional Buyers Drive Demand for Anthem Biosciences IPO; GMP Up 26%: Anthem Biosciences IPO saw strong anchor interest; GMP jumped 26% with retail bids nearly 4× oversubscribed.

5. Jio BlackRock Gets SEBI Nod to Launch Equity & G‑Sec Index Funds: SEBI cleared Jio BlackRock to launch five passive index funds tracking large-cap, mid-cap, small-cap, and G-Sec benchmarks; rollout to target low-cost retail reach.

Market Snapshot

Nifty 50 Index Heatmap

Top Gainers & Losers

TOP STORIES

1. SBI Launches ₹25,000 Cr QIP at ₹811.05 Floor Price

• Fundraise details: SBI launched a ₹25,000 crore Qualified Institutional Placement (QIP) at a floor price of ₹811.05 per share, representing a 2.5% discount to the closing price on 16 July. 

• Use of proceeds: The issuance aims to strengthen the bank’s capital base, with additional plans in place to raise ₹20,000 crore through Basel-III-compliant AT1/Tier-2 bonds during FY26.

• Market reaction: SBI shares closed 1.8% higher (₹831.5), trading above key moving averages on strong volumes as investors anticipate improved CET1 ratio and loan growth support.

$SBIN.NSE ( ▼ 0.38% ) 

2. Cabinet Approves ₹50,000 Cr for Agriculture & Renewable Energy Push

• Unified investment plan: The Cabinet approved three flagship initiatives with a combined annual outlay of ₹50,000 crore+, aimed at transforming 100 low-output agricultural districts and scaling renewable energy infrastructure across India.

• Funding breakdown: Includes ₹24,000 cr for PM-DDKY (agricultural uplift in 100 districts), ₹20,000 cr for NTPC Green Energy expansion, and ₹7,000 cr for NLCIL/NIRL’s renewables arm to accelerate capacity additions.

• Strategic impact: Aims to boost farmer incomes, strengthen rural infrastructure, and accelerate India’s transition to green energy, with NTPC targeting 60 GW and NLCIL aiming for 10 GW of renewable capacity.

$NTPC.NSE ( ▼ 0.79% ) $NLCINDIA.NSE ( ▼ 2.58% ) 

3. SEBI Mulls Mandating Use of Spot Prices for Domestic Gold, Silver

• Proposed rule change: SEBI has floated a consultation paper proposing that AMCs and gold/silver ETFs must value holdings using spot prices from domestic commodity exchanges, with the polling mechanism made publicly available, aiming at transparency and uniform valuation.

• Rationale amid safe-haven demand: The move comes during heightened interest in gold ETFs. June saw inflows surge nearly 10‑fold to ₹20.8 bn, the highest in five months, driven by global trade uncertainties.

• Consultation timeline: SEBI is seeking stakeholder feedback by 6 August 2025 before finalising the framework.

4. Institutional Buyers Drive Demand for Anthem Biosciences IPO; GMP Up 26%

• Strong anchor support: Anchor investors subscribed to ₹340 crore of the ₹395 crore IPO, signalling robust institutional backing ahead of listing.

• Grey market rally: The grey market premium for the IPO surged to ₹26/share, indicating strong aftermarket interest and optimistic listing expectations.

• Retail participation: Retail subscriptions were nearly 4× covered, reflecting solid participation from individual investors counting on a strong debut.

5. Jio BlackRock Gets SEBI Nod to Launch Equity & G‑Sec Index Funds

• Fund approvals: SEBI has approved Jio BlackRock to launch five passive index funds tracking Nifty 50, Nifty Midcap 150, Nifty Smallcap 250, Nifty Next 50, and the Nifty 8–13 year G‑Sec Index.

• Fund rollout plan: The JV aims to launch nearly a dozen equity and debt funds by year‑end, leveraging Jio’s digital ecosystem to reduce costs and bypass traditional distributors.

• Early traction: Jio BlackRock has already raised over $2.1 billion across three debt fund schemes from 90 institutional and 67,000 retail investors.

$JIOFIN.NSE ( ▲ 0.26% ) 

GYAANI HOT TAKES