Market News
Stay updated with the latest market trends, earnings, and economic indicators.
PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy
PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance.
RBI should start rate hike cycle as inflation risks rise, says Bandhan MF’s Suyash Choudhary
Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate hikes alone may not immediately solve the problem. He said the RBI must avoid mixed messaging to prevent market uncertainty and added that a favourable mix of global factors — including lower oil prices, better foreign inflows, and a weaker dollar — could help improve the situation.
INR collapses to new historic lows driven by global conflicts and energy spikes
The Indian rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is Asia's worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points (0.14%) to finish at 23,618.00.
Retail SIP boom boosts AMC outlook; Nippon, ICICI Pru lead pack: Siddhartha Khemka
India's asset management sector is transforming with systematic investing driving growth and stability, reducing reliance on volatile discretionary capital. SIP inflows have surged, now forming a significant portion of mutual fund assets, indicating a shift towards predictable, annuity-like revenue streams. This structural change positions the industry for sustained, retail-led expansion.
PSBs tap liquidity buffer to meet strong loan demand
Public sector banks in India are seeing their liquidity coverage ratios decline. This trend is driven by strong loan demand outpacing retail deposit growth. Banks are using their excess liquidity to fund loans. This situation is expected to improve with new regulatory norms starting in Q1 FY27. The changes will impact how certain business accounts are treated for liquidity calculations.
Neolite ZKW Lightings, SS Retail, Aspri Spirits get Sebi nod to float IPOs
Neolite ZKW Lightings, SS Retail and Aspri Spirits have secured Sebi's approval to raise over Rs 1,200 crore collectively through initial public offerings (IPOs), an update with the regulator showed on Friday. The three companies, which filed their preliminary IPO papers in December, obtained Sebi's observations during May 6-14. In Sebi's parlance, obtaining observations is equivalent to securing approval to float public offering. Automotive lighting products maker Neolite is aiming to raise Rs 600 crore through its maiden public offering, comprising a fresh issue of shares aggregating up to Rs 400 crore along with an offer for sale (OFS) of shares valued Rs 200 crore by promoters and a shareholder, according to the draft red herring prospectus (DRHP). The company will use proceeds from the fresh issue for setting up a new manufacturing facility at Kancheepuram, Tamil Nadu; purchasing plant and machinery, electronic expansion at existing manufacturing facilities; payment of debt an
Nifty to hit 42,000 by 2028? New paper that studied market cycles says it's possible if these factors align
A CNI InfoXchange study projects the Nifty could surpass 42,000 by 2028 if sustained foreign investor inflows return. The report highlights stronger domestic liquidity, resilient equity markets, robust GDP growth prospects, rising retail participation, and India’s increasing weight in global emerging market indices.
BSE wants more participation and products, not just a bigger market share, says CEO
Sundararaman Ramamurthy believes India’s mutual fund penetration remains low relative to the country’s population, leaving significant room for growth as financial awareness and retail participation continue to rise.
Midcap rally hits record high amid retail buying surge
Nifty midcap indices reached new peaks on Thursday. This surge is fueled by robust earnings, consistent retail investor contributions, and strategic bargain purchases. Midcap and smallcap indices have significantly outperformed larger indices since the US-Iran ceasefire announcement a month ago. Experts suggest a pause in the rally is likely soon. Foreign investors have been selling large-cap stocks.
Individual investors sold Rs 13,000 crore worth stocks, but Zerodha clients kept buying: Nithin Kamath
Retail investors sold equities, but Zerodha clients bought heavily, highlighting divergence. Overall, direct retail ownership declined while mutual fund holdings hit record highs, reflecting a structural shift toward professionally managed investments and rising domestic institutional dominance in Indian equity markets
Auto sales jump 13% to 2.61 million units on strong demand tailwinds
Vehicle sales saw a significant 13% jump last month, reaching 2.61 million units. This surge marks the best-ever April for most vehicle categories. Strong rural demand, GST benefits, and lower interest rates fueled this growth. Industry experts anticipate this positive trend to continue. The automotive retail sector has started the new financial year on a robust note.
Retail direct equity bets fall, MF holdings rise to new high
Individual investors reduced direct equity ownership for the third consecutive quarter, while mutual fund holdings reached a record high, driven by surging retail inflows. Foreign ownership hit a 14-year low amid a risk-off sentiment, contrasting with domestic institutional holdings climbing to an all-time peak.