Market Insights — 24 Jul 2026
TopFund Research
Published 24 Jul 2026, 09:45 AM IST
IPO Insights
Today's IPO landscape shows a mix of upcoming and currently open offerings. Notably, the IPO of Indo-MIM is currently Open with a strong GMP of 34.02%, while Shree Balaji Mala also remains Open with a GMP of 22.86%. On the horizon, we have Poojaa Precision Engg. and Manipal Health Enterprises marked as Upcoming.
| Company | GMP (%) | Status |
|---|---|---|
| Indo-MIM | 34.02 | Open |
| Shree Balaji Mala | 22.86 | Open |
| Poojaa Precision Engg. | 64.78 | Upcoming |
| Manipal Health Enterprises | 9.32 | Upcoming |
| Xtranet Technologies | 6.3 | Open |
Market Overview
The equity markets have taken a hit today, with the Sensex crashing by 700 points and the Nifty 50 dipping below 23,650. This decline has resulted in a staggering loss of approximately ₹4 lakh crore for investors. The bearish sentiment is further compounded by a net outflow from foreign institutional investors (FIIs) amounting to ₹2,999.23 crore, although domestic institutional investors (DIIs) have slightly offset this with a net inflow of ₹2,947.14 crore.
Commodity Trends
In the commodities space, gold has seen a slight decline, now priced at ₹14,617 per 10 grams, reflecting a decrease of ₹111. Meanwhile, silver is trading at ₹184.97.
Top Mutual Funds
For investors looking at mutual fund options, the following funds have shown promising returns over the past year:
| Fund Name | 1-Year Return (%) | Rating |
|---|---|---|
| Franklin India Short Term Income Plan - Retail Plan - Quarterly - IDCW | 192.1 | ★★★★ |
| NIPPON INDIA AGGRESSIVE HYBRID FUND - SEGREGATED PORTFOLIO 1 - IDCW Option | 126.42 | ★★★★ |
| NIPPON INDIA AGGRESSIVE HYBRID FUND - SEGREGATED PORTFOLIO 1 - Direct Plan - IDCW Option | 126.21 | ★★★★ |
Recent News Highlights
- Infosys share price falls 2.5% after guidance cut, new CEO announcement during Q1 results: buy, sell or hold?
- Q1 results 2026: NTPC, Tata Consumer, Bank of Baroda, REC, Hind Zinc, among 80+ companies to announce earnings today.
- Xtranet Technologies IPO Day 2: Issue subscribed 1.11x so far. GMP hints 6% listing gain. Apply or avoid?
Disclaimer: IPO GMP is unofficial and indicative; this is not investment advice. For live data, visit topfund.in.
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