Market News

Oil below $80 may cap fuel price hikes, boost India outlook

Falling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic outlook, with economists predicting improved inflation and growth. Lower oil costs will also help narrow the current account deficit. While wholesale inflation may react quickly, retail inflation depends on oil marketing companies' decisions.

Leapfrog Engineering Services IPO Day 1: Issue booked 9% so far. Check GMP, key details to know

The Leapfrog Engineering Services IPO commenced on 17 June, with shares priced between ₹21-23. It has reserved 60.07% for retail investors. The company reported significant revenues and plans to utilise the funds for growth, including setting up a new assembly unit.

RIL AGM 2026: Date, Time & 4 Big Things to Watch (Jio IPO, Retail, Energy)

RIL AGM 2026 this week: Date, time, where to watch live and what to expect

Reliance Industries' 49th AGM on June 19 is expected to draw investor attention for updates on the much-awaited Jio IPO, Reliance Retail's expansion plans and progress in its new energy business. Markets will also closely watch Chairman Mukesh Ambani's commentary on growth strategy and future value creation.

Wipro's Rs 15,000 crore buyback opens today: Analysts expect 7-8% returns for retail investors. Here's how

Wipro's significant Rs 15,000 crore share buyback has commenced. Eligible shareholders can tender shares at Rs 250, a substantial premium to the current market price. This corporate action provides an opportunity for investors to realize profits. The buyback period runs from June 10 to June 17. Shareholders should ensure their accounts are active for smooth transactions.

Indian IT eyes return to on-site model, but with a talent and cost twist

From the world’s largest banks to retail majors, customers now increasingly prefer engineers who combine AI expertise with sales and consulting skills to drive end-to-end deployment of the new technology.

NHPC offer plugs into green energy appeal, more suited for patient play

NHPC's offer for sale is underway. Analysts suggest it offers long-term potential for patient investors. The government is divesting up to 6% of its stake. The offer opened for non-retail investors with strong demand. The floor price is set at ₹71 per share. This move aligns with global energy security focus and domestic clean energy infrastructure investments.

Merritronix IPO fully subscribed on first bidding day. Retail, NIIs steal the show; Check GMP, issue details

Merritronix IPO commenced on June 1 and concludes on June 3, with a price range of ₹141-149 per share. The company raised ₹19.91 crore from anchor investors and has seen strong subscription demand, with a current GMP of +88, indicating a promising market debut.

Coal India OFS gets good demand amid green energy risks

Coal India's offer for sale opens for retail investors amidst a conflicting investment narrative. While the state-owned miner boasts strong financials and a consistent dividend track record, concerns over its long-term prospects due to the global shift towards renewable energy persist. Non-retail investors showed strong demand, subscribing 8.14 times on the first day.

Nayara rolls out relief for dealers amid retail pain

The support is aimed at partially offsetting operational expenses and revenue losses faced by retailers. Explaining the mechanism, a dealer said the company compares current sales with historical averages.

Indian banks more exposed to West Asia crisis among APAC region: Moody's

Indian banks face significant exposure due to energy import reliance. Higher fuel costs will strain consumers and businesses, increasing credit stress. Non-bank lenders with unsecured retail loans are particularly vulnerable. Despite these pressures, Indian banks possess strong capital buffers.

RIL announces AGM date on June 19; updates on Jio IPO in focus

Reliance Industries Ltd will hold its 49th annual general meeting on June 19, 2026. The company reported strong revenue and growth in its consumer businesses for the fiscal year. Investors anticipate updates on Reliance Jio IPO and new energy ventures. The meeting will cover the company's future investment plans and retail expansion.