Market News
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SBI Ventures to manage Rs 20,000 crore Maritime Fund
SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. This initiative, backed by government equity, aims to attract private capital for the maritime sector's growth. The fund will operate as a trust and be registered with SEBI, focusing on a blended finance model to boost long-term, affordable capital availability.
IRB Infra Trust offers to sell two BOT highway assets worth Rs 4,663 crore to IRB InvIT Fund
IRB Infrastructure Trust has offered two of its revenue-generating highway assets, valued at approximately Rs 4,663 crore, to IRB InvIT Fund. The non-binding offer includes the Solapur Yedeshi NH211 and Chittorgarh Gulabpura NH79 BOT Assets, totaling 1,144 Lane km. This move aims to fund future opportunities and enhance IRB InvIT Fund's asset portfolio.
Infosys, TCS and other IT stocks slide for third straight session as AI worries mount
Indian IT stocks extended their decline for a fourth straight session as investors trimmed exposure amid weak growth visibility, muted client spending and rising concerns over AI-driven disruption. The Nifty IT index fell sharply, with major names including Infosys and Tata Consultancy Services sliding on cautious guidance and deflationary headwinds.
Gold-Silver ratio falls below 55. What does it signal about gold and silver prices? Which precious metal should you buy
The gold-silver ratio has fallen below 55 amid volatility in precious metals. Silver's recent rally contrasts with gold's record prices, prompting investors to reassess their positions. Tata Mutual Fund expects the ratio to rise towards 68, driven by demand for gold amid geopolitical tensions.
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.
KPIT Tech to Eternal - Jay Thakkar suggests 3 stocks to buy or sell for short-term in F&O segment
The Indian stock market is set for a muted start, with GIFT Nifty trading at 23,431. The Sensex and Nifty 50 have declined for four consecutive sessions, driven by rising crude oil prices and foreign fund outflows, indicating a negative short-term trend.
State banks record all-time high net profit of Rs 1.98 lakh crore in FY26: FinMin
Public Sector Banks have achieved a record net profit of Rs 1.98 lakh crore in FY 2025-26, marking their fourth consecutive year of strong financial performance. Improved asset quality, robust credit growth, and increased income fueled this historic achievement. Banks are now well-capitalized and poised to support India's economic expansion.
Nifty trades below 23,600 level as intense selling continues on domestic bourses
The domestic equity barometers extended losses in early afternoon trade as rupee weakness, sustained foreign fund outflows, elevated crude oil prices, and renewed concerns over the fragile U.S.-Iran ceasefire weighed on investor sentiment. The Nifty continued to trade below the 23,600 level. Oil & gas shares witnessed some bit of value buying at lower levels.
Trust MF’s Mihir Vora sees earnings driving markets, stays bullish on industrials and renewables
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains overweight on the industrial theme, particularly renewables, capital goods, and manufacturing-linked investments supported by production-linked incentive (PLI) schemes.
SEBI sets ₹20,000 crore mutual fund AUM rule to classify significant indices
SEBI clarifies criteria for significant indices, sets AUM threshold, registration rules and review norms to boost transparency and governance for index provider.
India's retail car sales hit record in April, but Mideast crisis clouds outlook
Indian car sales reached an all-time high in April. Passenger vehicle sales saw a significant jump. This growth was driven by rate cuts, easier financing, and strong demand from rural areas. However, concerns about Middle East tensions and rising fuel prices may affect demand in the coming months. Dealers are monitoring inventory levels and urging caution from manufacturers.
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.