WhaleWatch

DATE9 Jul

NIFTY 23,963 ▲ 0.34%BANK NIFTY 57,252 ▲ 0.90%NIFTY IT 27,471 ▼ 0.30%NIFTY PHARMA 25,656 ▲ 0.89%KALYANKJIL 443 ▲ 18.40%MAPMYINDIA 1,069 ▲ 14.79%CHOICEIN 830 ▲ 7.98%SWIGGY 281 ▲ 7.47%LODHA 1,192 ▲ 6.91%KAYNES 3,429 ▲ 6.80%CGCL 253 ▲ 6.57%KIRLOSENG 2,425 ▲ 6.49%SAREGAMA 476 ▲ 6.46%BRIGADE 534 ▲ 6.22%NIFTY 23,963 ▲ 0.34%BANK NIFTY 57,252 ▲ 0.90%NIFTY IT 27,471 ▼ 0.30%NIFTY PHARMA 25,656 ▲ 0.89%KALYANKJIL 443 ▲ 18.40%MAPMYINDIA 1,069 ▲ 14.79%CHOICEIN 830 ▲ 7.98%SWIGGY 281 ▲ 7.47%LODHA 1,192 ▲ 6.91%KAYNES 3,429 ▲ 6.80%CGCL 253 ▲ 6.57%KIRLOSENG 2,425 ▲ 6.49%SAREGAMA 476 ▲ 6.46%BRIGADE 534 ▲ 6.22%

Morning brief · Friday, 10 July 2026

LIC takes new Rs 700 crore bite of Natco Pharma

Market pulse

Indian markets ended the week on a positive note, with banking and pharmaceutical stocks driving the benchmark Nifty 50 to a fresh high just shy of 24,000, even as the information technology sector saw some profit booking. Amidst the broader market strength, specific counters like Kalyan Jewellers and Mapmyindia stole the show, posting spectacular double digit gains.

From the investor's mind

One post worth your time, explained

@deepakshenoy · on X

The upcoming earnings season is expected to show a mixed performance across sectors, according to Deepak Shenoy. Early indications suggest that banks are likely to report strong results, while the retail sector is not anticipated to perform as well. Shenoy notes that expectations for the IT sector are low. He also highlighted that much of the auto sector appears to have experienced a favorable period, and he intends to scrutinize the reported "losses" from Oil Marketing Companies this quarter.

Word in the street

What the wider market is buzzing about

Wendt (India) Limited

₹7,665Past year ▼ 21%M.cap ₹1,542 Cr

A nearly 21 percent slide over the last year in the shares of Wendt (India) Limited has not gone unnoticed. The roughly 1,542 crore company finds itself at the center of a debate. Some see a company with a strong moat, citing its new products like Carbide Plates and LPDMS, which are used in semiconductor manufacturing, as a positive sign. Others are focused on the numbers, questioning why sales growth has stalled and operating margins have declined since the exit of 3M. The question being asked is whether 3M was a high-margin customer who has since been replaced by less profitable ones.

Know more about the stock

Yesterday's big moves