Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Rs 25,000 SIP vs Recurring Deposits: Which One Would Give You A Bigger Corpus In 5, 10, 20 Years?
SIPs have the potential to deliver higher long-term returns.
Pet clinic chain Vetic secures $40 million to double clinic network across India
The startup will also use the funds to build an integrated digital platform with a focus on long-term customer retention, founder and chief executive Gaurav Ajmera told Mint.
RBI removes cap on NRI deposit rates until September
The Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overseas funds until September 30, 2026. This move aims to help banks build long-term liabilities and strengthen their asset-liability management. Banks may now offer higher rates, potentially exceeding 8%, to attract sustainable deposits.
Nifty tops 24,000 with a 4th day of gains
Indian equity benchmarks extended gains for a fourth consecutive session, reaching their longest winning streak in ten weeks. Retreating crude prices, fueled by hopes of US-Iran peace, eased inflation concerns and boosted investor sentiment. The NSE Nifty 50 and BSE Sensex both saw significant climbs, with analysts anticipating a promising near-term outlook.
Trade Setup For June 18: Nifty Bulls Eye 24,200 Breakout On US-Iran Deal Optimism
Any sustainable move above this zone could result inNiftyextending its rally towards 24,400, followed by 24,550 in the short term, note analysts.
Target Corp leases 8.3 lakh sq ft office space in Bengaluru for 10 years
US retail giant Target Corporation secures a significant office space in Bengaluru. The company will occupy over 8.3 lakh square feet at Embassy Manyata Business Park. This long-term lease, valued at approximately Rs 1,250 crore, highlights the growing presence of global capability centers in India's tech hub. The deal underscores sustained demand for Grade A office spaces in Bengaluru.
Vedanta Iron and Steel aims to become major resource-backed integrated steel platform
Vedanta Iron And Steel Ltd, newly listed, plans to be a leading integrated steel producer. The company will leverage its vast iron ore reserves for over 50 years. Expansion will focus on value-added products like silicon iron and ductile iron pipes. VISL's strategy is set to create long-term value across the iron ore and steel chain.
Spandana Sphoorty ends sharply higher after Crisil reaffirms ratings at 'BBB+' with 'stable' outlook
Spandana Sphoorty Financial (SSFL) surged 5.15% to Rs 256.10 after Crisil Ratings reaffirmed its rating on the long-term bank facilities of the company at 'Crisil BBB+/Stable'.
Abu Dhabi hosts India’s travel leaders to strengthen partnerships
Abu Dhabi's Department of Culture and Tourism, in partnership with Etihad Airways, hosted a C-level trade visit from India, bringing together senior travel leaders. The visit underscored Abu Dhabi's robust tourism performance, with strong occupancy rates and increased museum visitors, alongside significant air connectivity with India. This collaboration aims to foster long-term value and enhance traveler experiences.
Urban consumption, small caps remain top bets despite monsoon concerns: Quest Investment Advisors
Rakesh Vyas, CIO and Portfolio Manager at Quest Investment Advisors, remains positive on urban consumption, saying strong retail credit growth, tax benefits and rising disposable incomes continue to support discretionary spending despite monsoon concerns. He expects select small-cap stocks to deliver 6-7% alpha through strong earnings growth and sees Eternal as a key beneficiary of improving quick-commerce profitability. Vyas has also increased exposure to mid-sized IT firms, citing attractive valuations and long-term growth prospects.
Lower crude may not mean cheaper fuel immediately: NIPFP economist
Global crude oil prices may fall after Middle East peace efforts. However, fuel prices in India might not decrease immediately. Oil companies face pressure, and lower crude prices could offer them relief. A peace deal would benefit India's economy and potentially strengthen the rupee. India's long-term growth remains strong, driven by its young population and government initiatives.
Yes Bank shares rally 15% in 4 sessions. What are technicals suggesting for traders?
Yes Bank shares extended gains for a fourth straight session, rising as much as 6.5%. Technical indicators and improving sentiment supported momentum. Analysts highlighted a key resistance near Rs 26, aligned with long-term moving averages, while fundamentals strengthened through a partnership with Northern Arc Capital and improved quarterly earnings performance.