Market Insights — 16 Jul 2026

IPO Trends

Today, the IPO market reflects a strong interest from investors, particularly with Millworks Technologies showing an impressive GMP of 120.85%. Other active IPOs include SBI Funds Management and Sotefin Bharat, both currently open for subscription, with GMPs of 16.03% and 14.44%, respectively. Upcoming IPOs like Caliber Mining and Gulf Lloyds are generating buzz, with GMPs of 24.06% and 6.0%.

Recent Listings Performance

Recent listings are performing well, with notable gains in stocks like Devson Catalyst, which has soared by 41.53%. Laser Power & Infra and Happy Steels have also exhibited strong performances, gaining 18.69% and 15.15%, respectively. This positive trend in newly listed companies indicates a healthy appetite for equities among investors.

Gold and Silver Rates

The gold rate today stands at ₹14,358 per 10 grams, marking a slight increase of ₹1. Silver is priced at ₹184.03 per kilogram. Investors may find these rates attractive in light of ongoing market conditions.

FII/DII Flows

In terms of institutional flows, Foreign Institutional Investors (FIIs) have recorded a net outflow of ₹735.83 crores, while Domestic Institutional Investors (DIIs) managed a net inflow of ₹704.93 crores. This divergence highlights the contrasting sentiments in the market.

Top Mutual Funds

For retail investors considering mutual funds, the following options stand out based on their 1-year returns:

These funds have demonstrated strong performance and could be worth considering for your investment portfolio.

Market News Highlights

• Govt raises cost inflation index for FY27 to 384, lowering long-term capital gains tax.
• Q1 Results Today Live: Major companies like Wipro, Jio Financial, and Tech Mahindra are set to announce their quarterly results.
• The Rupee opens flat at 96.25 against the US dollar.
• Tech Mahindra's Q1 Results Preview indicates a potential double-digit profit rise.
• Stocks to buy for the short term: Swiggy among 3 shares recommended by Amol Athawale of Kotak Securities.

As always, please note that the GMP figures are unofficial and indicative, and this briefing does not constitute investment advice. For live updates and more detailed insights, visit topfund.in.