Market News

India's wireless subscriber base expands to nearly 1300 million in May 2026: TRAI

The number of wireless subscribers increased from 1288.96 million at the end of April 2026 to 1294.46 million at the end of May 2026. This expansion represents a monthly growth rate of 0.43 per cent for the country's wireless sector, according to a Telecom Regulatory Authority of India report, which highlighted steady upward movement across both urban and rural markets.

Oil slide powers India's stock benchmarks to longest weekly winning run 7 months

Indian stock markets achieved their longest winning streak in seven months, with the Nifty 50 and BSE Sensex closing higher. Falling crude oil prices and measures to boost the rupee and attract foreign investment bolstered investor confidence. The Reserve Bank of India's stance against near-term rate hikes also supported sentiment, with the pharma and financial sectors showing notable gains.

SBI Cards tops credit card additions in May as industry hits 12 crore milestone; spends grow 6.3% YoY

India's credit card sector has surpassed 12 crore cards, with new additions surging 33.7% year-on-year in May 2026. Despite robust cardholder growth, spending saw a modest 6.3% increase. SBI Cards led in new card issuance, while ICICI Bank and HDFC Bank also showed strong performance. This indicates a steady expansion of the cardholder base alongside moderating spending intensity.

‘Korean markets are like small caps’, says Capitalmind Mutual Fund CEO Deepak Shenoy; Kospi jumps 5%

Investor sentiment in South Korea shifted amid falling oil prices and positive news from US-Iran talks. However, proposed taxes on unrealised gains introduced uncertainty, contributing to significant market volatility and sharp fluctuations for major technology stocks.

Bank of America raises Korea growth outlook on AI chip demand, sees 3 rate hikes in 2026 By Investing.com - Investing.com India

Bank of America raises Korea growth outlook on AI chip demand, sees 3 rate hikes in 2026 By Investing.comInvesting.com India

Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months

Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.

Shares of India's largest lender could cross record high levels, according to CLSA

SBI is one among the few Nifty 50 stocks that do not have a "sell" recommendation among the analysts who track the stock. 49 analysts have coverage on SBI, of which 43 have a "buy" rating, while six others say "hold."

Broader market winners! How investors found 15 multibaggers in a muted Nifty year?

Despite a subdued Nifty, several Indian stocks have surged, becoming multibaggers for investors. This outperformance is attributed to resilient corporate earnings, particularly in small and mid-cap segments, and company-specific growth drivers. While near-term challenges like rising costs and potential earnings downgrades exist, the overall FY27 outlook remains manageable, with easing geopolitical tensions expected to aid recovery. Investors are advised to focus on fundamentals over momentum.

SBI Share Price Live Updates: SBI's impressive monthly growth

RBI in wait-and-watch mode, no certainty on rate hike: Governor Sanjay Malhotra

Reserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflation hasn't broadly impacted consumer prices. The central bank remains in a 'wait-and-watch' mode, closely monitoring global uncertainties and the monsoon's progress. While acknowledging improved outlooks, risks persist, but India is well-prepared for challenges. The RBI has revised inflation forecasts upwards and growth forecasts downwards for the fiscal year.

Bulls roar back as Nifty reclaims 24,000, Sensex soars over 700 points

Key equity benchmarks rebounded sharply on Wednesday, with the Sensex rising over 700 points and the Nifty reclaiming the 24,000 mark. The sentiment was supported by easing concerns over interest rate hikes after RBI Governor Sanjay Malhotra said discussions on rate increases were premature. Sentiment was further aided by a recovery in South Korean markets, optimism over a potential India-US trade deal, a decline in crude oil prices below $77 per barrel, and foreign institutional investor buying. Gains in heavyweight IT and private banking stocks, lifted the indices.

S&P Global Projects 110-Bps Drop In India's Economic Growth Amid Inflation Fears

Given the expected rise in inflation, S&P Global believes the RBI will begin raising the repo rate from October, marking the start of monetary policy tightening in the second half of the financial year.