CDSL shares fell as investor focus shifted to rival NSDL’s upcoming IPO, set to open on July 30. With strong grey market interest and a Rs 16,000 crore valuation target, NSDL’s listing has put pressure on CDSL, its direct competitor in India’s depository space.

Jigar Mistry outlines a cautious yet optimistic 6-month market roadmap, highlighting sector shifts, earnings risks, and key investment strategies.

Jim Rogers expresses optimism about India s economic future, citing a shift in Delhi s understanding of prosperity. Despite this, he s sold his holdings due to global market highs and anticipates potential problems. Rogers awaits significant market fear before reinvesting, particularly in India, which he believes will be a leading nation again.

Indian equity markets experienced a significant downturn on Friday, with the Sensex and Nifty50 both declining. Financial stocks, particularly Bajaj Finance, led the sell-off due to concerns over asset quality and broader worries about global cues. Uncertainty surrounding a US-India trade deal and continued selling by foreign investors further contributed to the market s negative performance.

IEX shares: The sell-off led to a surge in trading activity, with 12.77 crore shares worth ₹1,740 crore changing hands—exceeding the total volume of all 16 previous July sessions combined. Notably, 43.75% of the shares traded on the NSE were marked for delivery, signaling significant investor churn.

Phoenix Mills shares rose sharply on Friday after a modest Q1 earnings and announcing a major acquisition. The company will fully acquire its JV with CPP Investments for over Rs 5,449 crore, boosting investor sentiment despite technical indicators showing short-term weakness and bearish momentum.

Raamdeo Agrawal of Motilal Oswal Group notes significant growth in capital markets. QIP and IPO activities are booming. The AMC sector is expanding rapidly. AUM has grown substantially. While AUM-based businesses flourish, broking remains subdued. He expresses concern over richly valued markets needing earnings support. He anticipates economic pickup in the second half of the year with easing credit flow.

A landmark free trade agreement between India and the UK is set to double bilateral trade to $120 billion by 2030, granting 99% of Indian exports duty-free access. Sectors like textiles, chemicals, pharmaceuticals, and technology are poised for significant growth, with textiles expected to double exports and chemicals projected to surge by 40%.

Foreign investors are showing renewed interest in Indian government bonds, driven by expectations of an upcoming rate cut by the Reserve Bank of India as early as August. Subdued inflation and persistent growth concerns are fueling these expectations. Over the past month, foreign investors have net purchased 129 billion rupees in Indian bonds.

Indian textile stocks jumped up to 6% after the India-UK Free Trade Agreement scrapped 10–12% tariffs on Indian exports to the UK, narrowing the gap with regional rivals. Trident rose 6%, while SP Apparels, Redtape, and TCNS Clothing gained around 2% each. Investors are betting on a potential doubling of exports to the UK over the next few years.