The Indian stock market bounced back with significant momentum on Wednesday, July 29, 2026. Led by sharp gains in IT, Consumer Goods, and selective Banking heavyweights, the Nifty 50 reclaimed the 24,200 zone in a broad-based rally.
🌍 1. Global & Domestic Cues Driving the Market
- US Federal Reserve Policy Eye: Global markets traded in a tight band while Indian equities rallied ahead of the US FOMC Interest Rate Decision. Commentary from Fed Chair Powell on potential rate-cut timelines remains the primary macro trigger for foreign institutional flows (FIIs).
- Crude Oil Stability: Brent Crude stayed comfortable near ~$88/barrel, helping ease input cost pressures for paints, lubricants, FMCG, and aviation sectors.
- India VIX Cooling: The volatility index compressed down to 12.66, reflecting reduced market panic and encouraging buyers to build long positions across frontline stocks.
📈 2. Nifty 50 Technical Closing Analysis (July 29 Close)
Nifty 50 surged +249.10 points (+1.04%) to settle at 24,233.05, forming a strong bullish candle on the daily chart and completely wiping out the previous session’s minor losses.
| Metric | Level | Market Context |
| Official Close | 24,250.20 | Gained +1.10% (+264.85 pts) |
| Day’s Range | 24,136.75 – 24,283.55 | Strong buying on dips near opening low |
| Top Gainers | Infosys (+4.2%), Swiggy (+7.2%), TCS (+1.87%) | Strong momentum across IT & Consumer Tech |
🎯 Key Levels to Watch for Tomorrow (Thursday, July 30)
- Major Resistance: 24,280 – 24,350 (Immediate) | 24,450 – 24,500 (Key hurdle).
- Pivot Base: 24,200 (Converted from resistance to immediate support floor).
- Key Support: 24,100 – 24,135 (Immediate intraday demand) | 23,950 (Major structural support base).
📑 3. Q1 FY27 Corporate Earnings Scorecard
🟡 Key Results Declared Today (July 29)
- Asian Paints [MARGIN WATCH]: Delivered ~14% YoY revenue growth, driven by volume demand and price hikes implemented across the quarter to counter crude inflation.
- Dabur India [HIT]: Reported solid volume growth (~5%), with rural consumption outperforming urban demand for the second consecutive quarter.
- Adani Ports & SEZ [HIT]: Revenue rose ~18% YoY to ₹10,700 Cr, supported by a 15% increase in port handling volumes.
- R R Kabel [BEAT]: Rallied ~10% after posting a 128% YoY surge in quarterly net profit.
🔮 Major Q1 Results to Watch Tomorrow (July 30)
Tomorrow is one of the heaviest earnings days of the season:
- Financials & Heavyweights: Bajaj Finance, Tata Steel, Mahindra & Mahindra (M&M), Maruti Suzuki, Sun Pharma, and Swiggy.
🔔 4. Tomorrow’s Big IPO Listings (Thursday, July 30)
Two mainboard IPOs are scheduled to make their official stock market debut tomorrow on the NSE and BSE.
┌─────────────────────────────────────────────────────────────────────────┐
│ TOMORROW'S IPO LISTING PREVIEW │
├──────────────────────────────┬──────────────────────────────────────────┤
│ 1. Indo-MIM Limited │ Expected Premium: +39% to +40.8% │
│ Issue Price: ₹485 │ Est. Listing: ~₹675 – ₹683 per share │
├──────────────────────────────┼──────────────────────────────────────────┤
│ 2. Lohia Corp Limited │ Expected Premium: +1.6% to +2.3% │
│ Issue Price: ₹425 │ Est. Listing: ~₹432 – ₹435 per share │
└──────────────────────────────┴──────────────────────────────────────────┘
1. Indo-MIM Limited (Mainboard)
- Issue Price: ₹485 per share | Lot Size: 30 Shares
- Final Subscription: ~72.4x (QIB category subscribed over 200x)
- Grey Market Premium (GMP): ~₹190 – ₹198 per share
- Expected Price Appreciation: ~39.2% to 40.8%
- Estimated Listing Range: ₹675 – ₹683
- Verdict: High-conviction listing gain candidate backed by its global leadership in Metal Injection Molding (MIM) and 15 manufacturing units across India, the US, UK, and Mexico.
2. Lohia Corp Limited (Mainboard – 100% OFS)
- Issue Price: ₹425 per share | Lot Size: 35 Shares
- Final Subscription: ~2.25x
- Grey Market Premium (GMP): ~₹7 – ₹10 per share
- Expected Price Appreciation: ~1.6% to 2.3%
- Estimated Listing Range: ₹432 – ₹435
- Verdict: Flat to modest listing expected due to muted institutional participation and a 100% Offer for Sale structure.
🔍 How to Check IPO Allotment Status
If you applied for Indo-MIM or Lohia Corp, allotment details are finalized. You can check your status via:
- Registrar Portal: Visit the MUFG Intime India (formerly Link Intime) portal, select the company name, and enter your PAN card number or Application ID.
- BSE Website: Go to
[bseindia.com/investors/appli_check.aspx](https://bseindia.com/investors/appli_check.aspx), select Equity, pick the company, and enter your details.
🏥 5. High-Interest IPO to Watch This Week: Manipal Health Enterprises
For investors looking at fresh primary market opportunities, Manipal Health Enterprises Ltd (Manipal Hospitals) opened its subscription window today.
┌─────────────────────────────────────────┐
│ MANIPAL HEALTH ENTERPRISES IPO │
└────────────────────┬────────────────────┘
│
┌─────────────────────────────┼─────────────────────────────┐
▼ ▼ ▼
┌───────────────────┐ ┌───────────────────┐ ┌───────────────────┐
│ Issue Size │ │ Price Band │ │ Issue Dates │
│ ₹9,275.21 Crore │ │ ₹560 – ₹590 │ │ July 29 – July 31 │
│ (Fresh + OFS) │ │ Lot: 25 Shares │ │ 2026 │
└───────────────────┘└───────────────────┘└───────────────────┘
- Issue Dates: July 29 – July 31, 2026
- Price Band: ₹560 – ₹590 per share (Lot size: 25 shares | Min. Investment: ₹14,750)
- Total Issue Size: ₹9,275.21 Crore (Fresh issue worth ₹7,998 Cr + Offer for Sale)
- Business Model: Second-largest healthcare delivery network in India operating multi-specialty tertiary care hospitals across metros and tier-1 cities.
- Where the Funds Will Be Used:
- Debt Repayment: Prepayment/repayment of borrowing for operating subsidiaries.
- Capacity Expansion: Capital expenditure for adding hospital beds via brownfield and greenfield projects.
- Strategic Acquisitions: Inorganic expansion across high-demand healthcare corridors.
- Lead Managers: Kotak Mahindra Capital, Axis Capital, Goldman Sachs, Jefferies India, J.P. Morgan, UBS Securities, and DBS Bank India.
- Registrar: KFin Technologies Ltd.
Trading Disclaimer: Financial market analytics, stock levels, and Grey Market Premiums (GMP) are shared strictly for educational and informational purposes. GMP is an unregulated metric and should not be the sole driver of investment decisions. Always consult a certified financial advisor before trading.