Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growth
Karur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offering loans against mutual funds. A renewed focus on microloans and increasing corporate lending are also key strategies. These initiatives aim to diversify revenue streams and boost overall expansion.
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
Why foreign investors are exiting Nifty giants to hunt in India's small and midcap market
Foreign institutional investors are shifting their focus from India's top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is driven by growth opportunities in sectors like capital goods, manufacturing, and new-age tech, despite an overall decline in FPI holdings in India.
EisnerAmper India elevates Karthick Venkatakrishnan as managing director
EisnerAmper India has appointed Karthick Venkatakrishnan as managing director to spearhead growth and sales strategy across India and the APAC region. In his new role, Venkatakrishnan will focus on expanding the firm's brand presence in advisory, tax, and fund administration services, identifying new opportunities and showcasing its unique capabilities to clients throughout the area.
Sensex Today | Stock Market Live Updates: GIFT Nifty remains flat; ITC in focus after results
Stock Market Live Updates: The last five days have seen the Nifty gain 11 points, having tested both the lower end and the upper end of the 23,300 - 23,800 range it finds itself locked in. Neither are the gap downs translating into any decisive downward move, nor are gap ups like the one seen on Thursday, sustaining. Watch this space for all the LIVE market updates on the final trading day of the week.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Indraprastha Gas Shares In Focus As Systematix Revises Target Price After Q4 Results — Check Upside
The brokerage believes strong new CNG vehicle addition run-rate along with series of price hike may lead to a strong 24%/25% Ebitda/PAT compound annual growth rate over FY26-FY28E.
‘Europe will become irrelevant for us’: JSW Steel doubles down on India growth with massive capex plan
JSW Steel plans to double its capacity with minimal external capital, driven by strong domestic demand and a focus on maintaining market share. The company's confidence stems from structural improvements in its EBITDA floor and efficient brownfield expansion, ensuring robust internal cash generation to fund growth.
Radico Khaitan Ltd gains for third consecutive session
Radico Khaitan Ltd is quoting at Rs 3505.8, up 1.29% on the day as on 12:49 IST on the NSE. The stock is up 36.33% in last one year as compared to a 4.94% drop in NIFTY and a 10.1% drop in the Nifty FMCG index.
Jio Financial block deal: Goldman Sachs sells over 26.75 lakh shares worth Rs 62 crore
Jio Financial Services saw a ₹62 crore block deal as Goldman Sachs sold 26.75 lakh shares to Morgan Stanley. The stock gained 1.12% despite weak one-year performance and a 14% YoY profit decline in Q4FY26, even as revenue and AUM posted strong growth during the quarter.
IT Stocks Extend Decline For Fourth Straight Session Amid AI, Growth Concerns; Persistent Systems, Coforge Lead Losses
The continued declines in the tech shares has pushed the Nifty IT Index more than 40% below its all-time high reached in December 2024.
Crompton Greaves slips into Q4 loss after one-off hit despite revenue growth
Crompton Greaves Consumer Electricals reported a Q4 net loss after booking a ₹716 crore impairment charge linked to its Butterfly business, even as revenue grew 11%.