Market News Today
Short, clear stories on what's moving Indian markets: IPOs, stocks, commodities, crypto and more.
Indian Bank Q1 Profit Jumps 10% to ₹3,273 Crore; Shares Surge Up to 10% After Strong Earnings
State-owned Indian Bank has kicked off FY27 on a strong note, reporting a 10% year-on-year (YoY) rise in standalone net profit for the April-June quarter. The bank posted a net profit of ₹3,273 crore, compared to ₹2,973 crore in the same quarter last year, reflecting healthy growth in its core banki...
SBI Mutual Fund: SIP Investors Are 4x More Valuable Than Traditional Savings Account Customers
BI Mutual Fund has stated that customers investing through Systematic Investment Plans (SIPs) are nearly four times more valuable than traditional savings account holders, highlighting the growing importance of disciplined investing.
TCS Q1 Results: Profit Rises 5% YoY to ₹13,349 Cr; Strong Revenue Growth but Margins May Face Pressure
India’s largest IT services company, Tata Consultancy Services (TCS), has reported a steady performance in Q1, with net profit rising 5% year-on-year to ₹13,349 crore. The company also posted a strong 14% growth in revenue, indicating stable demand despite global uncertainties.
Apollo Micro Systems to Acquire Premier Explosives in ₹2,500 Cr Deal – Big Boost to Defence Business
In a major development in India’s defence sector, Apollo Micro Systems Ltd is reportedly set to acquire Premier Explosives Ltd in a deal valued at around ₹2,300–₹2,500 crore. This move is seen as a strategic expansion to strengthen its position in the defence and explosives segment.
Defence Stock Drops 4.6% After Kotak Securities Issues ‘Sell’ Rating – Signals Major Downside Risk
Shares of Solar Industries India Ltd fell by 4.6% during intraday trading after Kotak Securities initiated coverage with a ‘Sell’ rating, raising concerns among investors despite the company’s strong fundamentals.
Goldman Sachs Warns: Strait of Hormuz Tensions Could Delay Oil Supply Recovery, Crude Prices May Stay Volatile
Global crude oil markets are facing fresh uncertainty as renewed tensions around the Strait of Hormuz could slow down the recovery of Middle East oil supplies, according to a warning from Goldman Sachs.
TCS & Infosys Fall Up to 55%, Yet India’s Largest Mutual Fund Scheme Continues Buying. Here’s Why
India's IT giants TCS and Infosys have seen their shares fall by up to 55% from their peak levels, largely due to slowing global technology spending and economic uncertainty. The sharp decline has led many retail investors to sell their holdings amid concerns over the sector's near-term outlook.
Stock Market Crash: Sensex-Nifty Tank 2% as US-Iran Tensions Trigger Heavy Selling on Dalal Street
Indian stock markets witnessed a sharp fall as rising geopolitical tensions between the US and Iran created uncertainty among investors. The Sensex and Nifty50 declined nearly 2%, with investors turning cautious and reducing their exposure to risky assets.
Trump Declares Iran Ceasefire 'Over' After US Strikes, Middle East Tensions Escalate
Geopolitical tensions have once again taken center stage after former US President Donald Trump declared that the ceasefire with Iran is effectively over. His statement came during the NATO Summit following fresh US military strikes targeting Iranian-linked facilities.
India Becomes the World’s Largest Retail GCC Hub, With 2.7 Lakh+ Professionals Across 180 Centres
India has become the world’s largest hub for retail and FMCG Global Capability Centres. According to a TeamLease Digital report, India now has 180 retail and FMCG GCC centres, employing more than 2.7 lakh professionals.
BPCL, HPCL, IndiGo and Asian Paints Fall as Crude Oil Gets Costlier
As Brent crude oil moved close to $76 per barrel, pressure was seen in oil-sensitive Indian stocks. Shares of BPCL, HPCL, IndiGo and Asian Paints declined because higher crude oil prices increase costs for these companies.
Trump's New Tariff Threat Looms Over India as US Begins Forced Labour Hearings
India is among 60 countries facing a fresh trade challenge as the United States begins hearings under Section 301 over concerns related to forced labour in global supply chains. The proposed action could lead to additional tariffs of up to 12.5% on imports from India if the U.S. moves ahead with the...
Central Banks Increase Gold Buying as Geopolitical Risks Reshape Global Reserve Strategy
Central banks around the world are continuing to increase their gold reserves as rising geopolitical tensions, global uncertainty, and concerns over financial stability reshape reserve management strategies. According to recent data, the Reserve Bank of India (RBI) has also continued adding gold, wi...
India Challenges China's Shipping Container Monopoly with Domestic Steel Box Manufacturing
India is taking a major step toward reducing its dependence on China's dominance in steel shipping containers by building a domestic container manufacturing ecosystem. The move comes after supply chain disruptions and soaring container prices during the COVID-19 pandemic exposed India's heavy relian...
BSE & MCX Shares Fall 4% as Jefferies Backs IPO-Bound NSE Over Rivals
Shares of BSE and MCX fell nearly 4% after global brokerage Jefferies highlighted the strengths of the IPO-bound National Stock Exchange (NSE). According to the brokerage, NSE has a more diversified business model, over 90% market share across key segments, and a technology platform comparable to le...
SBI Funds IPO: Amundi's ₹174 Crore Investment Grows to ₹4,400 Crore in 15 Years
The upcoming SBI Funds Management IPO is set to deliver a massive windfall for French asset management giant Amundi. The company invested ₹173.9 crore for its stake around 15 years ago, and with the IPO, the value of that investment is expected to rise to nearly ₹4,400 crore—an increase of over 25 t...
Adani's ₹1.1 Lakh Crore Aluminium Bet Challenges Hindalco-Vedanta Duopoly
The Adani Group, in partnership with Abu Dhabi-based IHC (International Holding Company), is making a massive ₹1.1 lakh crore ($11.5 billion) investment to enter India's aluminium industry. The joint venture will develop a fully integrated aluminium complex in Odisha, including an alumina refinery,...
Indian Rupee Falls to 95.28 Against US Dollar Amid Stronger Greenback
The Indian rupee weakened by 10 paise to 95.28 against the US dollar in early trade, pressured by a stronger US dollar in global markets and continued geopolitical uncertainties. Despite lower crude oil prices and recent foreign capital inflows, the domestic currency remained under pressure as impor...