Mumbai, July 19: The Indian equity market is expected to remain driven by domestic earnings and global developments in the coming week after the benchmark indices ended higher, extending their recovery amid concerns over geopolitical risks, elevated oil prices and uncertainty surrounding the global interest rate outlook.

The Nifty gained around 0.53 per cent during the week to close at 24,334.30, while the Sensex advanced nearly 0.75 per cent to settle at 78,151.45.

The resilience in the market came despite persistent foreign fund outflows and heightened tensions in the Middle East.

Investors’ primary focus will be on the June quarter (Q1 FY27) earnings season, which gathers pace in the third week with more than 250 companies scheduled to announce their financial results.

Corporate commentary on demand trends, margins, capital expenditure and future growth outlook is expected to play a key role in shaping market sentiment and stock-specific movements.

Global geopolitical developments are also likely to remain in focus after the United States carried out fresh strikes on Iran.

The US Central Command said the operation followed an earlier Iranian attack in Jordan that killed two American military personnel, while another service member remains missing.

Crude oil prices will be another key monitorable for investors. Oil prices jumped more than 4 per cent on Friday to their highest level in over a month as the intensifying conflict between the US and Iran raised concerns about possible supply disruptions in the Gulf region.

Institutional investment flows will also remain under scrutiny. Foreign institutional investors (FIIs) extended their selling streak for the fifth consecutive session on Friday, recording a provisional net outflow of Rs 376.41 crore. In contrast, domestic institutional investors (DIIs) continued to support the market, remaining net buyers for the eighth straight session with provisional purchases worth Rs 1,017.89 crore.

Exchange data showed that DIIs bought equities worth Rs 17,180.08 crore and sold shares worth Rs 16,162.19 crore during the session.

Meanwhile, FIIs purchased equities worth Rs 14,393.77 crore but sold shares worth Rs 14,770.18 crore, resulting in a provisional net outflow of Rs 376.41 crore.

Mumbai, July 18: MCX Gold and Silver are expected to remain volatile in the near term as investors assess geopolitical developments in the Middle East, movements in crude oil prices, and the US Federal Reserve’s policy outlook, according to market analysts.

Analysts said MCX Gold ended the week on a negative note but managed to stabilise around the key psychological support level of Rs 1,40,000.

They believe a decisive break below this level could accelerate selling pressure and drag prices towards the Rs 1,39,300-Rs 1,38,700 support zone.

“MCX Gold ended the week on a negative note but managed to find support near Rs 1,40,000 and is attempting to stabilise above this key level. A decisive break below Rs 1,40,000 could extend the decline toward the Rs 1,39,300–Rs 1,38,700 support zone,” as per the market expert.

“On the upside, immediate resistance is placed at Rs 1,40,700–Rs 1,41,000, followed by Rs 1,42,000–Rs 1,42,700. A sustained move above these resistance zones could strengthen recovery momentum,” an analyst stated.

MCX Silver also ended the week with a cautious negative bias, continuing to trade below key resistance levels.

Analysts expect resistance in the Rs 2,17,000-Rs 2,18,000 range, followed by Rs 2,20,000-Rs 2,21,000.

“On the downside, Rs 2,15,000–Rs 2,14,000 remains the immediate support zone, while a break below this area could drag prices toward Rs 2,11,000–Rs 2,10,000,” a market expert mentioned.

“Overall, the broader trend remains weak, with sustained strength above key resistance levels needed to signal a meaningful recovery,” the analyst stated.

Globally, COMEX Gold also finished the week with a negative bias while attempting to hold above the important $4,000 support level.

Analysts said a break below this mark could trigger fresh selling towards the $3,920-$3,900 zone, whereas a recovery above $4,050-$4,070 could lift prices towards $4,120-$4,150.

COMEX Silver remained under pressure as well, with prices trying to sustain above the $55-$54.50 support area.

Analysts noted that a decisive break below this range could lead to further weakness towards $53, while a move above $56.50-$57 could improve sentiment and potentially drive prices towards $59.

Mumbai, July 17: The Reserve Bank of India (RBI) has imposed monetary penalties on Muthoot Finance Limited as well as Muthoot Vehicle and Asset Finance Limited for non-compliance with the central bank’s Know Your Customer (KYC) directions.

The RBI has imposed a penalty of Rs 5.80 lakh on Muthoot Finance Limited and Rs 2.70 lakh on Muthoot Vehicle and Asset Finance Limited for the breach of its regulations, according to a statement issued on Friday.

The RBI said that it carried out statutory inspection of Muthoot Finance Limited with reference to its financial position as on March 31, 2025.

Based on the supervisory findings of noncompliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions.

After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI concluded that the company failed to put in place a system of periodic review of risk categorisation of accounts; and it also failed to put in place a robust software for effective identification and reporting of suspicious transactions.

In the case of Muthoot Vehicle and Asset Finance Limited also, the RBI conducted a statutory inspection of the company.

Based on the supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions.

After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the company failed to put in place a system of periodic review of risk categorisation of accounts, with such periodicity being at least once in six months.

According to the RBI, the action in both cases is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the companies with their customers.

The imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the companies, the RBI said.