Market News
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No systemic risk to BFSI sector; may see short-term slowdown in loan growth: Deepak Parekh
Industry veteran Deepak Parekh stated the banking and financial services sector is not facing major systemic risks from global geopolitical uncertainties. He anticipates a short-term slowdown in loan growth. Real estate investment trusts are growing in India. Insurance penetration remains low. Deposit mobilization has moderated as retail investors favor mutual funds. Artificial intelligence's impact on finance is still evolving.
Moody’s says India ranks among most resilient EMs to weather global shocks. Here’s why
Moody's highlights India's strong market resilience against global shocks, attributing it to stable monetary policy, anchored inflation expectations, and adjustable exchange rates. The firm notes India's limited credit spread widening and contained currency depreciation, distinguishing it from more vulnerable emerging markets. While debt levels are a constraint, India's reforms and buffers position it well for future shocks.
India most resilient emerging mkt, better placed to manage shocks: Moody's
India has been the most resilient large emerging market economy since 2020, and its sizeable forex reserves have helped check currency volatility and reinforce confidence during global shocks, Moody's Ratings said on Tuesday. In a report on emerging market, Moody's said India is well placed to manage future shocks because monetary policy frameworks are clear and predictable, inflation expectations are well anchored, and exchange rates can adjust when needed. Stating that India is "better placed" among emerging market sovereigns to manage future global shock, Moody's said the country would also enter any future periods of stress with strong and accessible buffers. "India's reliance on domestic funding is balanced by deep local markets and sizeable reserves ... Nevertheless, India's relatively high debt burden and weak fiscal balance limit the amount of space available to respond to successive shocks," Moody's added. It said India had made key policy choices that support stability we
Adani, Arcelor among firms setting up treasury operations in GIFT City, sources say
Major firms like Adani, Bharti Airtel, Genpact, and ZF Friedrichshafen are setting up treasury operations in India's GIFT City. This tax-neutral finance zone offers cheaper funding and lower taxes on remitting dividends. Seventeen corporate treasuries are expected to begin operations in the next three months. This move aims to rival financial hubs like Singapore and Dubai, attracting global capital management.
The great Bengal disconnect for Nifty bulls: 3 massive worries that are overshadowing the BJP election win
Despite the BJP's electoral victory in West Bengal, the Indian stock market experienced a significant downturn. Surging crude oil prices and a depreciating rupee overshadowed political positives, leading to a sharp decline in the Sensex and Nifty. Global geopolitical realities and sustained foreign selling are currently dictating market trends.
Fertiliser subsidy bill set to overshoot budget estimate of Rs 1.71 lakh cr amid West Asia crisis
India's fertiliser subsidy bill for fiscal 2026-27 is set to surpass its budget. Rising costs of imported urea and other fertilisers are driving this increase. Despite global supply chain issues, fertiliser availability for the kharif 2026 season remains strong. Domestic production and imports are being managed to meet demand. States are actively stocking fertilisers in advance.
IndiGo's Head of Global Sales Vinay Malhotra resigns
Vinay Malhotra, IndiGo's Head of Global Sales, has resigned. He will leave his position on July 3. Malhotra is seeking new opportunities outside the airline. This follows recent leadership changes at the country's largest airline. IndiGo previously announced William Walsh as its new CEO and Aloke Singh as Chief Strategy Officer.
Election impact on stock market explained: What likely BJP win in West Bengal means for investors
West Bengal's election results signal a significant political shift with the BJP leading, prompting a surge in market sentiment. Analysts anticipate gradual improvements and long-term benefits for sectors like real estate and infrastructure, aligning with the BJP's manifesto. However, global macro indicators remain key drivers for Indian equities.
Shortage of competition in Indian market to support Unilever's volume growth: CEO
Unilever anticipates increased sales in India. Global supply chain issues and higher packaging costs are creating openings. Local competitors face challenges, allowing Unilever to expand its market share. The company is confident in its ability to manage pricing and volume. Investments in e-commerce and quick commerce are also driving growth in the Indian market.
Mcap of 4 most valued firms surges by ₹2.20 trn, Reliance biggest winner
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 249.29 points or 0.32 per cent. "Markets ended the week with marginal gains, reflecting a volatile and range-bound trading environment amid mixed global and domestic cues," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The week began on a positive note, supported by easing geopolitical tensions and steady progress in Q4 earnings, which lifted initial sentiment, he said. However, gains were gradually capped by rising crude oil prices, weak cues from Asian markets, and persistent foreign institutional investor (FII) outflows, Mishra added. While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance were the gainers from the pack, HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and
Lord’s Mark among few global players to win HIV self-test approval, exports from June 2026
Lord's Mark Industries Ltd. has secured Central Licensing Authority approval for its LordsMed HIV 1&2 Self Test, becoming one of nine global companies with this Class D in-vitro diagnostic self-test clearance. The company will commence exports to Africa, the EU, and South America in June 2026, targeting key international markets.
Global markets turn selective as AI, oil and capital flows drive divergence: Manulife Investments
Marc Franklin, Deputy Head of Multi Asset Solutions, Asia at Manulife Investments explains how AI investments, rising oil prices and shifting capital flows are driving divergence across global equity markets.