Sri Lotus Developers and Realty s IPO is set to open on July 30, aiming to raise ₹792 crore for expansion. The IPO follows a private placement where shares were allotted to Bollywood celebrities and high-profile investors at ₹150 apiece. The company focuses on luxury redevelopment projects in Mumbai s western suburbs.

Investors can apply for a minimum of 166 shares, with bids accepted in multiples, until the issue closes on July 28. Share allotment is likely on July 29, with the stock expected to list on both BSE and NSE on July 31. The IPO, pegging the company’s valuation at over Rs 3,400 crore at the upper price band, is a pure fresh issue.

Cipla shares: Following the earnings announcement, several brokerage firms revised their target price for the stock, with some estimates reaching as high as Rs 1,875 per share, indicating potential for further upside.

Global stocks surged following a U.S.-EU trade agreement, imposing a 15% tariff on EU goods. This deal, along with U.S.-Japan trade agreement, boosted market sentiment ahead of key Federal Reserve and Bank of Japan meetings. Investors are optimistic about U.S. and China talks in Stockholm, expecting an extension to their trade truce. The market is closely watching upcoming U.S.

Oil prices experienced a slight increase following a U.S.-EU trade agreement and potential extension of a tariff pause with China, easing concerns about economic slowdown and reduced fuel demand. However, gains are limited by the potential for OPEC+ to further ease supply curbs. Yemen s Houthis also announced they would target ships dealing with Israeli ports, adding geopolitical uncertainty.

The euro saw gains after the US and EU struck a trade deal. Donald Trump and Ursula von der Leyen announced the agreement in Scotland. It involves a 15% tariff on EU goods. US and Chinese negotiators are meeting in Stockholm to extend a trade truce.

Knowledge Realty Trust, backed by Sattva Group and Blackstone, has secured SEBI approval for its Rs 4,800 crore REIT public offering, aiming to monetize 30 prime office assets. Scheduled to hit capital markets in early August, KRT is poised to become India s largest REIT with a gross asset value of approximately Rs 62,000 crore.

This week, the Indian rupee and government bonds are set to respond to various factors. These include the U.S. Federal Reserve s policy decision and the August 1 tariff deadline. Traders are likely to be cautious. Investors will closely monitor Fed Chair Powell s comments. Data on the U.S. labor market and inflation will also be key.

Indian markets closed negatively for the second straight day, with the BSE Sensex dropping over 700 points and the Nifty50 falling below 24900. Healthcare saw buying interest, while oil & gas, power, utilities, and capital goods experienced selling pressure. Analysts suggest holding Torrent Pharma, considering buying SBI Life on dips, and avoiding eClerx due to potential reversal signals.