Honasa Consumer’s shares rose after Q1FY27 PAT surged 116.5% YoY to a record ₹90 crore, while revenue grew 27% to ₹756 crore and EBITDA jumped 141% to ₹110 crore.
Multiple brokerages have begun analyzing selected Indian stocks, anticipating considerable growth in the future. Jefferies has given Kalyan Jewellers a Buy rating with a specific target price. Similarly, Systematix Institutional Equities has rated Vedanta Aluminium as a Buy, while ICICI Securities placed Add ratings on Canara Bank and Bank of Baroda. Nuvama has set a target price for KPR Mill that suggests significant upside potential.
In the first quarter of FY27, LG Electronics India showcased impressive profit growth alongside significant operational revenue increases from April to June. The surge stemmed from robust demand for premium products across various categories. Analysts remain optimistic, highlighting the company's solid earnings potential and market stance, bolstered by strategic investments focused on enhancing manufacturing and export capacities.
Tata Motors’ Q1 FY27 net profit plunged 80% YoY to ₹775 crore due to supply disruptions, Middle East tensions and Jaguar’s wind-down, while revenue rose 9% to ₹95,799 crore and EBITDA margin narrowed to 7.4%.
Indian stock markets opened lower on Friday, with Sensex falling over 300 points and Nifty declining 68 points, remaining range bound despite stable oil prices near $87 a barrel. Metal and auto stocks led losses, while broader markets stayed muted. Market breadth remained positive, with advances outnumbering declines on NSE.
During the June quarter, leading international funds encountered remarkable gains within Indian equities, significantly boosting their reported portfolio values. This strong performance exceeded that of key Indian stock market indices, primarily driven by astute investments in mid- and small-cap companies, reinforcing India's reputation as a promising landscape for discerning stock pickers.
US stock markets closed higher on Wednesday, driven by strong AI infrastructure company earnings. Mild inflation data reinforced expectations that the Federal Reserve will hold interest rates steady. CoreWeave and other AI firms reported upbeat quarterly results, boosting their stock prices. Data center operators and chipmakers also saw gains following positive company forecasts. Traders now anticipate a 62% chance of the Fed maintaining current interest rates next month.
Nebius shares jumped nearly 22% after the AI cloud provider beat revenue estimates, driven by surging infrastructure demand, larger contracts and higher prices. Core AI cloud revenue increased sixfold, while major customer deals and capacity commitments highlighted strong future growth.
Indel Money plans to raise up to Rs 500 crore through a public issue of non-convertible debentures. The issue will open on August 18 and close on August 31, with an option for early closure. Proceeds will fund onward lending, refinancing existing debt, and general corporate purposes.
Bank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving a preferential allotment of equity shares and warrants, could see its stake grow to 49.9 percent. The investment signifies Bank of America's commitment to strengthening its foothold in India's financial landscape, utilizing local knowledge for enhanced market development.
Apollo Hospitals reported a 38.4% year-on-year rise in Q1FY27 net profit to ₹610 crore, while revenue grew 20.6% to ₹7,044 crore. EBITDA increased 28.2%, supported by higher healthcare volumes, complex procedures, capacity expansion and strong international patient growth.
Pilani Investment plans to sell 1.7 million UltraTech Cement shares valued at ₹1,908 crore on August 13, 2026, at a 3% discount. Separately, UltraTech Cement is acquiring a 26% stake in Solaris Horizon Energy to support its green energy initiatives.
Jupiter Wagons marked a notable surge in share prices due to securing significant contracts for freight wagons and energy storage solutions. With orders exceeding Rs 211 crore from the JSW Group and OASPL, alongside two battery energy storage initiatives worth Rs 400 crore, the company aims to bolster its market share in India, targeting a Rs 1,000 crore BESS order book by FY27.
Aarti Pharmalabs shares have surged 33% in two days after the company reported a 65.4% year-on-year rise in Q1FY27 profit and 38.7% growth in revenue. The rally was further supported by a Rs 149-crore capex plan to add 405 KL of capacity for its CDMO and intermediate businesses.
Oil India shares jumped over 5% after strong Q1FY27 results prompted Emkay Global to upgrade the stock to ‘Buy’. The brokerage cited attractive valuations, higher crude production and improving gas evacuation prospects. Elara Capital also retained its ‘Buy’ rating, while Nomura and Motilal Oswal maintained neutral views on the stock.
Jubilant Pharmova shares fell after Q1 profit plunged 45% YoY to Rs 56 crore, despite revenue rising 17% to Rs 2,229 crore. The profit decline was attributed to weaker operating profitability and higher depreciation, while strong growth across segments, led by CDMO Sterile Injectables, boosted revenue.
PC Jeweller shares rose sharply after Q1FY27 profit jumped 37% year-on-year and revenue grew 21%. The jewellery retailer also reported a sharp improvement in operating profitability, continued progress on debt repayment and increased FII holding. With plans to become debt-free and raise up to Rs 1,000 crore via QIP, key triggers remain.
Info Edge shares jumped over 4% after the company reported a strong Q1 FY27 performance, with consolidated net profit rising 43% year-on-year to Rs 490 crore. Recruitment billings grew 17.5%, while operating profit rose 25%. Nomura, Nuvama and Motilal Oswal retained their respective ratings, with Nomura and Nuvama maintaining Buy calls and raising target prices.
The US dollar experienced a decline against major currencies as investors closely monitor upcoming inflation figures. Both the euro and sterling gained strength, while the yen maintained stability near its recent benchmarks. Recent jobs data from the US has tempered expectations for an imminent Federal Reserve rate hike, resulting in a drop in Treasury yields, which contributed to the dollar's downturn.
Gold prices remained stable during the early Asian trading hours on Monday, as investors gear up for significant inflation reports set to be released later this week. The recent underwhelming U.S. jobs data has tempered expectations for interest rate hikes. Meanwhile, ongoing geopolitical situations concerning Iran and Oman continue to capture attention, with other precious metals showcasing varied performances in initial trades.
Asian share markets followed Wall Street higher after a soft US jobs report. Oil prices increased slightly due to stalled Gulf peace talks and shipping lane concerns. Investors anticipate US inflation data, which could influence Federal Reserve interest rate decisions. Strong corporate earnings, particularly in AI, boosted Nasdaq futures last week. Bond yields saw a slight rise as markets prepared for new debt issuance.
Molbio Diagnostics aims to secure ₹200 crore to enhance its capital expenditures through a new issuance of shares. In tandem, the firm intends to reduce promoter stake by generating ₹740 crore via an offer for sale. With six manufacturing sites worldwide, the company caters to over ninety nations and has seen substantial revenue growth attributed to its tuberculosis diagnostic test kits.
In July, overseas investors turned their attention to Indian IT stocks, marking the first instance of such purchases this year. The consumer durables and healthcare sectors also witnessed a surge in foreign portfolio investments. By mid-July, foreign investors emerged as net buyers in equities, expanding their investments in consumer services, automobiles, and chemicals, although they offloaded shares in metals, mining, power, and financial services.
Large microfinance companies including Muthoot Microfin and Satin Creditcare have raised their growth forecasts as private banks, small finance banks and smaller MFIs scale back lending. Improving asset quality is also supporting expansion by larger, well-capitalised microfinance lenders.
BSE’s derivatives activity fell sharply in the first week of the Closing Auction Session, but higher premiums more than offset the decline in contracts. Premium per contract surged 74.8%, lifting average daily premium turnover 21.3% and pushing BSE’s market share to 37.1%, according to Nuvama Institutional Equities.
SBI Securities’ Sudeep Shah expects Nifty to remain rangebound, with 24,300–24,800 as key levels. He prefers a buy-on-dips strategy, citing constructive trends. Smallcaps remain bullish, while FII short covering could support markets. Traders should watch key technical levels for Nifty, Trent, Kalyan Jewellers and Swiggy for directional cues.
Edelweiss Mutual Fund has suspended existing SIP and STP subscriptions in seven schemes from August 11, 2026, citing limited overseas investment headroom. Six affected funds are international schemes, while one is thematic. The suspension will continue until additional overseas investment capacity becomes available, with resumption subject to AMC discretion.
Quant Small Cap Fund added 13 stocks in July, including SBI Funds Management, Caliber Mining and Hexaware Technologies. The fund exited four stocks and reduced exposure to seven others, while increasing holdings in 10 stocks. Its portfolio rose to 106 stocks from 97 in June, with AUM at Rs 34,069 crore as of July 31.
Wall Street is gaining greater influence over crypto as hedge funds and asset managers replace retail traders as key market forces. Institutional investors accounted for 72% of spot trading on Wintermute’s OTC desk in the first half of 2026. Derivatives, ETFs and structured products are reshaping market liquidity and volatility.
Investor Mukul Mahavir Agrawal’s portfolio rose 12% to around Rs 7,720 crore by June 2026. Several holdings delivered strong CY26 gains, led by Apollo Pipes, Hind Rectifiers and KRN Heat Exchanger. The portfolio also saw a new addition, Arisinfra Solutions, highlighting Agrawal’s continued focus on high-growth stocks.
Samvardhana Motherson International shares surged after the company posted record Q1 FY27 revenue of ₹35,244 crore (up 17% YoY) and a 70.1% YoY jump in profit after tax to ₹1,032 crore, aided by recent acquisitions — including Shenzhen Autocruis and the Wiring Harness businesses of Nexans Autoelectric and Yutaka Giken — expected to add nearly $2 billion in annualized revenue.
Crompton Greaves Consumer Electricals shares fell to a day's low of ₹250 on Friday, even after posting strong Q1 results a day earlier. The company reported a 15.2% YoY jump in PAT to ₹143 crore (6.4% margin) and 11.8% YoY revenue growth to ₹2,235 crore, driven by broad-based performance across segments.
Kalyan Jewellers shares witnessed an uptick on Friday after Jefferies initiated coverage with a Buy rating and Rs 830 target, implying 39% upside. The stock has rallied 63% in a month. Analysts see further gains, citing strong momentum, franchise-led expansion, healthy returns and improving operating performance.
Indian stock markets closed lower as the new closing auction session impacted benchmark indices. Sensex fell nearly 456 points, while Nifty 50 saw a smaller decline. Bajaj Finance and Bajaj Finserv shares led the losses on the Sensex index. Geopolitical concerns over the Strait of Hormuz caused oil prices to inch higher. These developments are spooking investors and clouding peace agreement hopes.
The Rs 251.88 crore Technocraft Ventures IPO opens for subscription today, August 7, with a price band of Rs 200-Rs 212 per share. Backed by a 54% jump in FY26 net profit and an 5% grey market premium, brokerage Anand Rathi has given it a 'Subscribe - Long Term' rating.
Jio Financial Services fixed August 10 as the record date for its final dividend of Rs 0.60 per share for the financial year which ended on March 31, 2026. This comes after the company paid a dividend of Rs 0.5 per share to its shareholders last year.
Oil prices experienced a minor decline on Thursday amid advancing negotiations. Market watchers are closely monitoring the prospective US-Iran peace treaty, which could enable access to the key Strait of Hormuz. While experts expect oil prices to stabilize with an uptick in supply, ongoing disruptions in essential shipping routes present potential risks for upward price fluctuations.
Retail investors can apply for a minimum of one lot comprising 107 equity shares, and in multiples thereafter. At the upper end of the price band, the minimum investment required is Rs 14,980.
Asian markets experienced a dip on Thursday as Wall Street's recent tech surge showed signs of slowing down. Crude oil prices also fell slightly after Iran and Oman reached a new agreement regarding the Strait of Hormuz. Meanwhile, Sandisk and Western Digital faced significant declines following disappointing earnings reports. As investors reassess stock valuations, the geopolitical context in the Middle East is increasingly influencing oil price trends.
Indian Bank has embarked on a significant financial undertaking by securing a four-year loan worth $400 million, underwritten by CTBC of Taiwan and Commerzbank of Germany. The pricing for this loan ranges from 119 to 123 basis points over the SOFR rate. Currently in syndication, this initiative opens the door for additional banks to participate, with advantageous provisions from the Reserve Bank of India's special swap facility enhancing this opportunity.
In June, external commercial borrowings and foreign currency convertible bonds amassed an impressive $6.07 billion. Prominent borrowers included Shriram Finance and Microsoft Corp India, while Air India acquired necessary funding for aircraft imports through a leasing company. A total of 140 companies participated in these significant financial maneuvers, with data from the Reserve Bank of India highlighting these crucial transactions.
Concerns are mounting among traders regarding the recent shift to a closing auction system, which has led to significant price volatility. Numerous market participants have reported unexpected losses, prompting authorities to engage with brokers to explore these issues. Despite regulators' attempts to bolster trader involvement, the contentious pricing mechanism continues to stir debate within the financial community.
SpaceX has announced an impressive 92% increase in revenue for the latest quarter, primarily fueled by the growth of Starlink and its AI initiatives. Despite this surge, the firm faced a net loss due to significant capital allocated towards infrastructure and future projects. After a strong IPO, its stock is now under scrutiny, especially with the impending lock-up expiration.
Stock markets soared to all-time highs on Tuesday, fueled by stellar earnings from corporations. AI-focused entities like Palantir and the esteemed Caterpillar delivered eye-popping results. The drop in oil prices and Treasury yields created a favorable backdrop for continued growth. Moreover, the possibility of a peaceful resolution in the Iran conflict greatly enhanced investor optimism. Overall, corporate earnings have been significantly exceeding forecasts this reporting period.
BSE Q1 Results: BSE Ltd reported a 62% year-on-year profit rise in the first quarter of FY27. Revenue from operations increased significantly, contributing to the strong financial performance. Investment income also saw a sharp increase during the quarter. Profit before tax grew by 66% compared to the previous year. Total expenses rose by 49% as various costs increased.
Bridgewater founder Ray Dalio warned the AI-driven market rally displays bubble-like traits seen before the 1929 crash and dot-com bust. He cited stretched valuations, rising rates and heavy stock issuance as key risks, echoing concerns from Jeremy Grantham and Goldman Sachs.
Nifty rebounded nearly 150 points during Tuesday’s closing auction after spending most of the session in the red, highlighting the impact of the new Closing Auction Session. Analysts attributed the volatility to expiry-day adjustments and early implementation issues in the revised closing price mechanism.
The government's Life Insurance Corporation share sale has garnered overwhelming attention from institutional investors, with bids amounting to an impressive Rs 36,400 crore received on Tuesday. The government is offloading a 6.5 percent stake in the leading insurer to fulfill regulatory public shareholding mandates sooner than anticipated. Retail investors will have the opportunity to engage in this offer beginning Wednesday.
Greaves Electric Mobility's Rs 530 crore rights issue was fully subscribed by existing shareholders, reinforcing confidence in the EV maker's growth strategy. The company will use the funds to expand its product pipeline and technology capabilities while deferring its proposed IPO until market conditions and regulatory approvals become more favourable.
Godfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cigarette sector. Analysts believe the worst of the tax-led disruption may be over, although some remain cautious about margin recovery, pricing and the impact of illicit cigarette competition
Jio Financial Services shares rose, extending their weekly gains beyond 10%, after the company fixed August 10 as the record date for its Rs 0.60 per share final dividend for FY26. The payout is subject to shareholder approval at the upcoming AGM.
Thangamayil Jewellery shares fell 5%, extending their one-week decline to 32%, after the company said it saw no visible improvement in sales during the first 28 days of Q2 FY27. The jeweller attributed the weakness to higher import duty, rupee depreciation, geopolitical uncertainty and continued customer reluctance amid expectations of lower gold prices.
Dixon Technologies shares fell despite strong Q1 FY27 results, with PAT surging 156% YoY to Rs 718 crore and revenue rising 25% to Rs 16,076 crore. EBITDA jumped 105% to Rs 991 crore, while profit before tax rose 137% to Rs 869 crore.
Zee Entertainment shares plunged over 12% after Sebi barred founder Subhash Chandra and CEO Punit Goenka from the securities market for one year over an unauthorised property pledge case. The regulator also fined ZEEL and flagged governance lapses, even as shareholders recently approved a Rs 3,144 crore promoter fundraise.
India's new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the rupee and contain imported inflation.
India and Canada are working to finalize their economic partnership agreement. Negotiations for the Comprehensive Economic Partnership Agreement are progressing well. Both nations aim to conclude these important talks by the end of 2026. This agreement seeks to liberalize trade and strengthen economic cooperation between the two countries. Prime Minister Modi plans a visit later this year to boost bilateral ties.
The Ministry of Housing and Urban Affairs has undergone a significant structural overhaul. Senior bureaucrats were replaced and new leadership appointed to spearhead its flagship missions. The ministry was split into two specialized departments, focusing on capital development and urban development. This administrative revamp aims to streamline service delivery and accelerate infrastructure projects. Personnel shifts occurred rapidly after the government's decision to divide the ministry.
Space stocks could offer significant long-term growth opportunities as the industry expands beyond rocket launches into satellites, orbital broadband, communications, defence applications and other space-enabled services, although high valuations and extreme volatility could make the investment journey uneven, according to research report by Goldman Sachs.
Nuvama Institutional Equities has initiated coverage on KPR Mill, Indo Count Industries and Sanathan Textiles with 'Buy' ratings, citing the global shift in textile sourcing away from China. The brokerage expects Indian textile exporters to benefit from supply chain realignment, supported by capacity expansion, policy tailwinds and improving trade access.
This week, 573 companies will announce their June quarter results, featuring prominent firms. Bharti Airtel and Nykaa are among those reporting earnings on Tuesday. Trent and Hero MotoCorp will release their quarterly figures on Thursday. State Bank of India and Titan Company are scheduled for Friday announcements. The earnings cycle concludes Saturday with Anant Raj's results.
Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty and bank, as well as an index strategy for the upcoming week
Musk’s wealth peaked at around $1.33 trillion on June 16, when SpaceX shares soared to a lifetime closing high of nearly $202 apiece. However, as the shares crashed, Musk’s net wealth dropped to $684 billion, Bloomberg reported. Notably, the over $600 billion wealth erosion is higher than any other billionaire's total wealth, except Musk himself.
Aschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions in software companies such as Adobe moved sharply against it, the report added.
Wall Street closed higher on Friday, driven by Amazon's strong quarterly report. The tech giant's results eased concerns about AI infrastructure spending. Apple's stock dropped after its earnings report failed to meet expectations. Other technology stocks saw mixed performance, influencing market movements. Treasury yields rose as Fed officials discussed inflation concerns.
NSE has paid the remaining Rs 714.74 crore to Sebi, completing the Rs 1,491.21-crore settlement of the long-pending colocation and dark fibre cases. The payment follows Sebi's in-principle approval and clears a key hurdle as the exchange moves closer to its planned Rs 30,000-crore IPO.
Data Patterns India shares declined after the defence electronics company reported a 14% YoY drop in Q1 FY27 net profit to Rs 22 crore. Despite the profit decline, revenue from operations rose 17% YoY to Rs 116 crore. Operational EBITDA remained largely stable at Rs 31 crore compared with Rs 32 crore in the year-ago quarter.
Thermax shares dropped significantly after reporting an 86% profit decline. Revenue rose 7% year-on-year, but earnings before interest, taxes, depreciation, and amortization fell. Order inflow increased 2%, and the total order book grew. The company cited higher input costs and weaker export sales impacting performance. Geopolitical issues and currency fluctuations also contributed to cost pressures.
Hyundai Motor India shares rallied nearly 7% despite reporting a 35% year-on-year decline in June-quarter profit, as the results broadly met analyst expectations. Brokerages remained constructive on the stock, citing production normalisation, new launches, export recovery and long-term growth prospects.
Vedanta Aluminium Metal reported a threefold jump in Q1 FY27 net profit to Rs 5,629 crore, accompanied by an Rs 8 interim dividend. Global brokerages including Citi, CLSA, Nuvama, and Emkay remain bullish, projecting up to 20% upside driven by cost discipline, capacity expansions, and captive mine operations.
US President Donald Trump announced a deal for Hamas disarmament and Israeli withdrawal from Gaza. This agreement involves carefully structured phases for winding down the conflict. Israeli forces will withdraw as disarmament is completed by Hamas. A new Palestinian police force will work with an international stabilization force. Reconstruction of Gaza is envisioned after the war concludes.
SML Mahindra shares surged on Thursday after the company announced the Rs 525 crore acquisition of Mahindra & Mahindra's Truck and Bus Division. Analysts view the deal positively, citing stronger market positioning, operational synergies and long-term earnings accretion, though some near-term margin dilution could persist after the business integration.
Dabur India shares dropped over 4% on Thursday after reporting Q1 earnings. The company announced a 15% rise in net profit and 11% revenue growth. Brokerages noted steady performance, with home and personal care leading segment growth. Dabur expects double-digit revenue growth and improved margins for the fiscal year. Key monitorables include demand recovery, commodity inflation, and monsoon progress.
KPIT Technologies shares tumbled 7% to Rs 592 on the BSE after posting a 32% YoY drop in Q1 FY27 net profit to Rs 117 crore. Operating margins contracted to 17.2% amid client pressures and guidance slowdowns, despite management expressing confidence in H2 recovery.
Thangamayil Jewellery shares hit the lower circuit, extending losses to 19% in two sessions after the company warned of a weak Q2 FY27. The jeweller said sales showed no visible improvement in the first 28 days of the quarter due to geopolitical uncertainty and customers delaying purchases amid expectations of lower gold prices.
Shares of Waaree Energies fell nearly 6% to Rs 2,581.70 despite posting a strong Q1FY27 performance. Consolidated net profit rose 15.39% YoY to Rs 891.87 crore, while revenue jumped 79.22% to Rs 7,931.79 crore. A record order book of Rs 61,500 crore continues to bolster future visibility.
Xtranet Technologies debuted at up to a 7% premium over its IPO price on Thursday, falling short of grey market expectations of an 11% gain. The Rs 166.8 crore IPO was subscribed 12.24 times, with strong demand from non-institutional investors, while proceeds will fund working capital, debt repayment and expansion.
Indian stock indices Sensex and Nifty rose nearly one percent today. This surge occurred despite a sharp increase in oil prices due to escalating tensions. Several factors including global AI selloff resilience and rupee gains supported the market. Foreign institutional investors remained net buyers of Indian equities on Tuesday. The US Federal Reserve is expected to keep interest rates unchanged today.
Larsen & Toubro (L&T) shares climbed after the company reported a 14% YoY rise in Q1 FY27 net profit to ₹4,123 crore. Revenue from operations grew 7% to ₹67,942 crore, with international business contributing 51% of total revenue. Following the strong earnings, brokerages maintained their 'Buy' ratings on the stock.
Inox Wind secured a repeat 200 MW turnkey order from NLC India worth Rs 1,600 crore. This project involves end-to-end execution and will be commissioned within twenty-four months. The company's order book now stands at 4.7 GW, strengthening its market position. Inox Wind's CEO expressed confidence in growth visibility and timely project delivery. The company remains focused on supporting India's clean energy goals and stakeholder value.
Sebi has proposed lowering the minimum investment for mutual fund-only portfolio management services. The regulator suggests reducing this threshold from Rs 50 lakh down to Rs 25 lakh. This move aims to make these services more accessible to a wider investor base. Additionally, Sebi is simplifying other requirements for these portfolio managers. These proposed changes are expected to impact the investment landscape significantly.
Hindustan Unilever shares fell sharply, reaching a 52-week low despite strong revenue growth. Input cost pressures caused a contraction in the company's Ebitda margin. Home care and beauty segments showed robust underlying sales growth during the quarter. Personal care faced challenges from palm oil inflation, while foods division saw steady expansion. Management anticipates improved performance but sustained cost inflation may limit future stock upside.
Indian information technology stocks rallied Tuesday after global AI pressure eased. Coforge reported significant revenue and profit increases, boosting the sector. Other major IT firms also saw substantial gains during the trading session. This positive movement follows a period of underperformance for the IT sector this year. Analysts suggest resilient demand and attractive valuations are driving investor confidence.
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major technology firms like Microsoft and Apple will report their quarterly results this week. Investors are questioning the sustainability of the artificial intelligence rally. The Federal Reserve's monetary policy decision is due on Wednesday.
Tata Chemicals experienced a significant eighty-one percent drop in profits for the June quarter, primarily due to increased expenses that affected its consolidated net profit. Despite this decline, the total income surged to Rs 4,311 crore, showing improvement compared to the same period last year. As a major player in the industrial and chemical sectors, Tata Chemicals remains a crucial supplier.
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income. The lender also posted improved margins, stronger asset quality and robust growth in advances and deposits.
Canara Bank plans to raise up to $2.5 billion through FCNR-B deposits and overseas borrowings to boost dollar inflows. The lender reported a 2.2% rise in first-quarter profit, improved asset quality, steady margins and double-digit growth in advances and deposits.
Oak Ridge, Tennessee, was a secret city of 75,000 people during World War II. This hidden community was established for the Manhattan Project's atomic bomb development. Residents worked on crucial tasks without knowing the overall purpose of their efforts. The city remained invisible to the public until the atomic bombs were deployed. Today, Oak Ridge is a mapped city and a historical park.
Humans cyclops connection: Scientists claim our eyes and even a hormone-regulating gland in our brain trace back to a bizarre, one-eyed sea creature that lived 600 million years ago.
Indo-MIM’s Rs 3,811.21 crore IPO received strong investor response on the final day of bidding. The shares are also trading at a grey market premium of around Rs 190, indicating a potential 39% listing gain over the upper price band, boosting investor interest ahead of the IPO closure.
Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid rising US yields and global uncertainty. Analysts flag key technical levels for Nifty, while stock-specific action and broader market resilience remain in focus.
Analyst forecasts are more than just numbers, they provide a forward-looking perspective on market potential. For investors looking for the next breakout opportunities, a fresh analysis of BSE Mid-Cap stocks reveals several compelling prospects.Based on market analysts' consensus estimates, Trendlyne data indicates that several midcap stocks are expected to deliver strong returns over the next 12 months. This projected upside reflects the average anticipated gain during this period, offering a data-driven roadmap for investors exploring high-potential midcap opportunities. We highlight 9 standout midcap stocks with an estimated upside potential ranging between 35% and 70% in the coming year.
Last week was tough for the Indian equity markets, with nine out of ten leading companies witnessing a decline in market value. HDFC Bank took the hardest blow, suffering a staggering loss exceeding one lakh crore rupees. Reliance Industries also saw a significant decrease in market capitalization. In contrast, Hindustan Unilever stood out as the only top firm to gain value during this bearish trend.
Next month is set to see a flurry of IPO activity as over a dozen companies plan to launch their share offerings. Collectively, these IPOs are projected to raise in excess of twenty-five thousand crore rupees. Notable players like Zepto and Shiprocket are among the front-runners, and with investor confidence on the rise, the primary market is buzzing with excitement for new listings.
Five new funds will open for subscription this week. Fund houses introduce new schemes to complete their bouquet of existing offerings. Here is a detailed break-up (Source: ACE MF).
Indian markets enter a crucial week with Nifty testing the key 23,600 support after five straight sessions of losses. Rising crude oil prices, weak earnings and global headwinds have turned sentiment bearish, while analysts see 24,000–24,200 as major resistance levels.
Many investors do not know the exact monthly SIP needed for their financial goals. Excel's PMT function helps calculate the required investment amount for future targets. Investors must first determine their target corpus and the desired time frame for accumulation. Accounting for inflation is crucial to adjust the financial goal's future value. This calculation ensures investors can effectively reach their desired corpus through systematic investments.
European shares saw a rise on Friday, recovering from previous losses. Investors reacted positively to select corporate earnings reports and oil price concerns. Germany's DAX index climbed as SAP's cloud backlog growth exceeded expectations. Higher oil prices did not boost energy stocks due to a drop in Neste's performance. Policymakers indicated potential interest rate hikes amid inflation risks.
Stocks saw a mixed close on Wall Street as oil prices declined after a week of gains. Major indexes experienced losses for the week due to escalating U.S. conflict with Iran. Investors also faced new tariffs and persistent inflation concerns impacting the economy. Bond yields eased, providing some relief to the stock market's pressure. European markets advanced while Asian markets closed lower on Friday.
