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L&T Finance Q1 profit rises 29% to record high on strong retail book growth
L&T Finance reported its highest-ever quarterly profit in the June quarter, driven by robust retail loan growth, higher disbursements and improved asset quality, while the lender continued to accelerate its transition into an AI-native financial institution.
Indian Rupee loses momentum as international oil prices and dollar firms up
The Indian rupee lost momentum in opening trades on Wednesday as international oil prices and dollar firmed up following renewed tensions between US and Iran. Reported US air strikes on Iran drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes that kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. INR opened at Rs 95.15 per dollar and hit a low of 95.19 so far during the day. Local equities are also seen in negative tracking global peers on concerns that the AI-fueled rally in chipmakers may be losing momentum. The Nifty 50 has fallen below 24,250 while the BSE Sensex has tumbled over 550 points, trading around the 77,60077,800 range. Yesterday, rupee appreciated 48 paise to close at 94.95 against the US dollar, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties.
Retail investors bet on these 10 small-cap stocks; they rally up to 185% in 3 months
Retail investors raised stakes in 195 Nifty Smallcap 500 stocks during the March 2026 quarter, with over 100 delivering 25-185% returns since April. Four stocks turned multibaggers, while Cemindia Projects, Apollo Micro Systems and Lloyds Engineering led the rally.
Weekly Market Wrap: NIFTY50, SENSEX rise 1%, NIFTY Smallcap 100 outshines; Eternal, Bajaj Finserv lead gains - Upstox
Weekly Market Wrap: NIFTY50, SENSEX rise 1%, NIFTY Smallcap 100 outshines; Eternal, Bajaj Finserv lead gainsUpstox
Market Pulse: Key triggers to watch ahead of the July 3 trading session
Market Pulse July 3: Global cues remain supportive as US stocks traded higher after weaker-than-expected jobs data reinforced hopes of a prolonged pause in Federal Reserve rate hikes. Domestically, investors will track Adani Enterprises’ ₹10,000-crore QIP launch and developments in energy markets after the government ruled out an immediate fuel price cut. Technically, Nifty’s close above its 100-day moving average has improved sentiment, with analysts seeing scope for a move towards 24,300-24,500, while 24,000 remains a key support level.
ICICI Pru's S Naren expects moderate market returns, backs gold in diversified portfolios
S Naren, Executive Director and CIO of ICICI Prudential AMC, which managed funds worth $3 billion as of May 31, 2026, said improving macro conditions have strengthened India's outlook but global AI-led capital flows continue to favour overseas markets. Naren reiterated his preference for diversified multi-asset investing over concentrated equity or standalone gold ETF exposure.
Stocks to buy or sell: Osho Krishan of Angel One suggests buying CDSL, Indian Hotels shares on 2 July
Indian stock indices Sensex and Nifty 50 rose on Thursday, boosted by falling crude oil prices after US-Iran negotiations. Nifty 50 gained 0.23%, while Sensex increased by 0.21%. Continued sideways trading seen, with key resistance at 24,100-24,200 and support at 23,850-23,800
Indian financial system remains resilient as Bank NPA's at multi-decadal low of 1.8%: RBI FSR report
The Reserve Bank on Tuesday said Indian financial system remains resilient, underpinned by strong bank and non-bank balance sheets, as gross non-performing assets of banks have touched a multi-decadal low of 1.8 per cent at end-March 2026. The Indian banking sector continued to remain robust with adequate capital and liquidity buffers, and steady improvement in asset quality, the financial stability report stated. Macro stress test results showed that SCBs aggregate capital levels will continue to remain above the regulatory minimum, even under adverse stress scenarios. The NBFC sector remained robust with an improvement in asset quality alongside healthy capital and profitability ratios. Interconnectedness among different categories of financial entities, in terms of outstanding bilateral exposures, continued to grow. Despite repeated shocks, the global financial system has thus far demonstrated notable resilience, with markets remaining orderly after an initial bout of volatility ..
Motilal Oswal's top 4 banking picks ahead of Q1 earnings season. Do you own any?
Motilal Oswal has identified its top banking picks ahead of the Q1 earnings season, anticipating strong MSME credit demand. HDFC Bank and ICICI Bank are highlighted for their robust asset quality and profitable growth. State Bank of India leads the PSU pack with aggressive pricing and housing loan strength, while AU Small Finance Bank is favored for its retail segment performance.
INR rebounds in opening trades; Gains unlikely to hold
The Indian rupee appreciated in opening trades on Monday as a temporary pause in Middle East attacks and upcoming diplomatic talks in Qatar is supporting broader Asian currency markets. However, the rally is unlikely to sustain given broad strength in dollar and rebounding international oil prices. Besides, negative cues from equities are also likely to add pressure on the counter. INR opened at Rs 94.36 per dollar and hit a high of 94.25 so far during the day. On Thursday, the pair ended at 94.45 as Friday was a market holiday on account of Muharram. As of the morning trade on June 29, 2026, the Indian benchmark indices are trading flat, with the NSE Nifty 50 hovering around 24,056.00 and the BSE Sensex trading near 77,100.47.
Markets poised for a cautious start as GIFT Nifty trades flat
Indian markets ended Thursday on a high note, with the Nifty 50 climbing nearly 1% from its lowest point. This positive momentum was fueled by declining energy prices, a stronger rupee, and favorable global trends. Analysts anticipate a continued positive outlook for Indian equities, with the Nifty expected to hold above the 24,000 mark, bolstered by stable geopolitical conditions and robust foreign investment.
Ahead of Market: 10 things that will decide D-Street action on Monday
Indian markets closed marginally higher on Thursday after a volatile expiry session, with the Sensex rising 109 points to 77,100.47 and the Nifty gaining 34 points to 24,056 after giving up intraday gains. Sentiment stayed mixed amid profit booking, FII outflows and macro cues, while global equities ended weak. Markets were shut on Friday for Muharram. Analysts expect range-bound trade ahead.