DATE28 Jul

NIFTY 23,985 ▼ 0.04%BANK NIFTY 56,756 ▼ 0.58%NIFTY IT 30,418 ▲ 3.32%NIFTY PHARMA 25,999 ▲ 0.20%COFORGE 1,686 ▲ 10.31%SUZLON 48 ▼ 9.65%AFFLE 1,632 ▲ 9.31%LODHA 1,301 ▲ 8.57%GRAVITA 1,638 ▼ 8.40%GODFRYPHLP 2,031 ▼ 8.11%KALYANKJIL 608 ▲ 7.75%CUB 238 ▲ 7.54%VBL 430 ▼ 7.43%HINDUNILVR 2,023 ▼ 6.99%NIFTY 23,985 ▼ 0.04%BANK NIFTY 56,756 ▼ 0.58%NIFTY IT 30,418 ▲ 3.32%NIFTY PHARMA 25,999 ▲ 0.20%COFORGE 1,686 ▲ 10.31%SUZLON 48 ▼ 9.65%AFFLE 1,632 ▲ 9.31%LODHA 1,301 ▲ 8.57%GRAVITA 1,638 ▼ 8.40%GODFRYPHLP 2,031 ▼ 8.11%KALYANKJIL 608 ▲ 7.75%CUB 238 ▲ 7.54%VBL 430 ▼ 7.43%HINDUNILVR 2,023 ▼ 6.99%

Morning brief · Wednesday, 29 July 2026

Gargi’s 914 crore question: Seasonal dip or a deeper slide

Market pulse

The benchmark Nifty index ended its session nearly unchanged at 23,985, as a pullback in banking shares offset a powerful 3.32 percent surge in the IT sector. It was a day of divergent fortunes for individual stocks, with Coforge jumping over 10 percent while Suzlon Energy tumbled by more than 9 percent.

From the investor's mind

One post worth your time, explained

@ShashankUdupa1 · on X

Rocket Lab has secured a significant $266 million contract from the U.S. Space Force for 12 suborbital launches, with an option for six additional launches. The first launch is slated for late 2026. Shashank Udupa highlights that with rising US-Iran tensions and increased defense spending, more such deals are anticipated across the sector.

Word in the street

What the wider market is buzzing about

PNGS Gargi Fashion Jewellery Limited

M.cap ₹914 Cr

A massive stock price correction at PNGS Gargi Fashion Jewellery has divided the street. With a market cap around 914 crore, the slide is seen by some as a significant letdown. One camp defends the company, noting the jewellery business is extremely seasonal, with festive sales driving a majority of the year’s revenue. They point to Gargi’s strong 177% growth during Akshaya Tritiya. Others are unconvinced, arguing the core issue is its failure to keep pace with scorching growth in its peer group. This view is countered by claims that comparisons are flawed, as peers have different business models reliant on diamonds or helped by rising gold prices.

Yesterday's big moves