Markets

Stock Rally Ignites: Oracle Financial, KIMS, Marico Surge to 52-Week Highs Amid Technical Momentum In a trading session marked by contrasting market signals, several individual stocks demonstrated powerful technical breakouts and sustained buying interest, pushing numerous companies to record 52-week highs. While some sectors faced downward pressure, the aggressive move of key high-performing shares underlined robust sectoral strength despite mixed broader cues.Companies Hit Fresh 52-Week Highs Amid Buying Frenzy A significant number of stocks crossed fresh one-year resistance levels, indicating strong and focused buying interest across various industries. New milestones were set by names such as Oracle Financial Services Software...

Ingersoll Rand Recommends Final Dividend of Rs 20 Per Share for FY Ending March 31, 2026 Ingersoll Rand (India) Limited has recommended a final dividend to its shareholders for the financial year ended March 31, 2026. The recommendation was made by the Directors at the Board meeting held on May 29, 2026.The board of directors suggested a final dividend amounting to Rs 20 per equity share. This proposal is based on the existing share price of Rs 10 each, translating to a dividend rate of 200%. The payment of this dividend is contingent upon approval by the shareholders at the upcoming Annual General Meeting.The company has set Monday, July 13, 2026, as the Record Date for determining the list of Members eligible to receive the final...

Sensex Surges Over 500 Points as Geopolitical Relief and Tech Buying Drive Market Rally The Indian equity markets experienced a strong surge on Thursday, with benchmark indices rising sharply amid easing geopolitical tensions and a significant rebound in information technology stocks. The volatility indicator saw a marked decline, supporting the bulls after investors absorbed positive global trends.The Sensex climbed over 500 points during the trading session, while the Nifty surpassed the 24,150 mark. Broad market buoyancy was evident as all major Nifty sectoral indices traded in the green, despite FMCG being an exception. Mid-sized bank stocks also delivered robust gains after reporting healthy growth in advances for the June...

Capital Small Finance Bank Reports Strong Q1 FY27 Results with Advances Growth and Improving Asset Quality Capital Small Finance Bank Limited reported robust business highlights for the quarter ended June 30, 2026, showing significant growth in its loan portfolio alongside improvements in asset quality metrics. The bank recorded a substantial increase in total deposits while maintaining prudent lending standards across its retail-focused operations.The gross advances stood at ₹9,074 crores as of June 30, 2026. This figure reflects a year-on-year growth of 22.0% and a quarter-on-quarter increase of 4.5%. During the reporting quarter, disbursements increased to ₹1,009 crores, up from ₹865 crores in Q1FY26, marking a 16.5% rise. The bank...

Coca-Cola Vows MegaIPO for Indian Bottler, Targeting $1 Billion Amid Strategic Shift Coca-Cola Co. has initiated plans for a significant initial public offering (IPO) of its Indian bottling unit, Hindustan Coca-Cola Beverages Pvt. This move is set to raise approximately $1 billion, according to sources familiar with the transaction. The strategic IPO signals a trend toward global corporations monetizing their valuable domestic assets in India through public markets.Transaction Details and Strategic Valuation The process for this planned listing involves inviting multiple investment banks to pitch for advisory roles. Rothschild & Co., which is Coca-Cola’s adviser on the deal, will be meeting prospective financial institutions in London...

Pidilite Industries Confirms Tax Penalty of Rs 21,44,192 Following Order in Appeal Pidilite Industries Limited has confirmed receipt of an Order-in-Appeal from the Deputy Commissioner of State Tax, Appeal, regarding a penalty imposed under applicable provisions of the Central Goods and Services Tax Act (CGST) for Fiscal Year (F.Y.) 2022-23.The order, dated June 30, 2026, confirmed a penalty amounting to Rs 21,44,192. This action was related to an original Order dated May 9, 2024.Pidilite Industries stated that the matter is appealable and the company is actively reviewing the details of the order. The management is currently evaluating all next steps in the process and intends to assess its right to appeal the decision to the...

Bajaj Auto Unveils Massive Buyback at 22% Premium: Will Share Acceptance Define Your Final Returns? Bajaj Auto has announced its most substantial share buyback to date, signaling strong confidence in the company's financial footing. The offer totals Rs 5,632.8 crore, allowing shareholders to tender up to 46.94 lakh equity shares at a fixed price of Rs 12,000 per share. This opportunity is open via a tender route mechanism from July 1 to July 7.At the offered price, the buyback presents an immediate advantage, as Rs 12,000 represents a nearly 22 percent premium over Bajaj Auto's closing price of Rs 9,845 on July 1. For eligible shareholders, this tender route provides an attractive exit option to cash in at a considerable premium...

GK Energy Secures Rs 48.02 Crore Order for Rooftop Solar Project with 10 MW Capacity GK Energy Limited, formerly known as GK Energy Private Limited and GK Energy Marketers Private Limited, has secured a significant order for rooftop solar projects. The contract involves the installation of renewable energy systems valued at Rs 48.02 Crores (inclusive of GST).The order details include an allotment of 10 MW of Rooftop Solar Projects from a Distribution Company. This project is scheduled to be executed over 90 days and covers a proposed installation across 1150 locations.The agreement specifies that the transaction will be conducted by a domestic entity, with the project designated as a one time commitment.Key details regarding the...

Nifty IT Surges Over 3% as Tech Giants Rally After Four-Day Slide Amid Mixed Global Cues The technology sector experienced a significant reversal on July 2, with the Nifty IT index surging sharply after weathering four consecutive days of losses. Investors returned in force to the heavily beaten-down sector leaders, driving a strong recovery despite lingering mixed signals from global technology markets.Sector Rally After Consecutive Losses At the trading session commenced around 9:20 am, the Nifty IT index registered an impressive climb of 3.10 percent. This surge positioned it as the strongest performing sectoral index across the National Stock Exchange (NSE). Meanwhile, the broader benchmark Nifty 50 gained a solid 0.41 percent in...

India Private Credit Market Set for Massive Surge as Businesses Diversify Funding Away from Banks The Indian private credit market is poised for sustained and significant growth, driven by escalating funding demands among businesses. This trend sees companies increasingly pivoting toward alternative financing options amid a stable macroeconomic backdrop, according to Moody's Ratings.Why Private Credit Is Becoming Key for Indian Businesses Moody's reports that the private credit market has doubled in size over the last five years. As of the end of 2025 projections, the assets under management (AUM) in this space are estimated at $25 billion, with annual transaction value surpassing $11 billion.The agency points out that private...

Arun Kumar Saraf Acquires Shares in Robust Hotels Ltd Through Off-market Gift Transfer Arun Kumar Saraf has acquired a substantial number of equity shares in Robust Hotels Limited through an off market inter se transfer by way of Gift, boosting his holding in the company. The acquisition was completed on June 30, 2026.The transaction details reflect a significant increase in Mr. Saraf's stake in the hotel firm. Prior to the acquisition, the total holdings registered for Arun Kumar Saraf were reported as 13,098 shares, translating to an 0.08% holding in the company.Following the transfer, which involved the purchase of 20,26,520 equity shares by Mr. Saraf, his stake in Robust Hotels Limited increased to 20,39,618 shares, representing...

Adani-IHC to Commit $11.5 Billion for Massive Odisha Aluminium Smelter, Targeting 50% Capacity Surge Adani Group and International Holding Company (IHC) are poised to undertake a colossal industrial venture in India's metals sector. The two partners plan a joint investment of around $11.5 billion over the coming years to develop a large-scale aluminium smelter in Odisha. This move is expected to significantly boost the nation's aluminium production capacity by nearly 50%.Scaling Up Aluminium Production in India The proposed project has ambitious targets, aiming for an annual production capacity exceeding 2 million tonnes. Funding for this major undertaking will be secured through a combination of debt and equity. While the investment...

Is South Korea The Next Silver? Financial Expert Cautions Investors Against Chasing Global Hypes Market uncertainty and geopolitical tensions marked a volatile first half for global investments. As investors grapple with where to allocate funds, Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund, has offered clear insights on equity recovery, sector preferences, and the risks associated with blindly following international market trends.Gupta believes that while the immediate outlook may be tempered by Q1's headwinds, India stands positioned for a stronger second half. The delayed earnings recovery cycle is expected to gain significant momentum starting from the second and third quarters of the year.Domestic Equity...

Money Market Dynamics Revealed: RBI Operations Show Significant Liquidity Absorption as Rates Hover near 5% Mark Overnight Money Markets See Active Trading and Rate Stabilization The Reserve Bank of India (RBI) has released comprehensive data regarding money market operations as on July 01, 2026. The overnight segment demonstrated high activity across various instruments, with a total volume recorded at ₹ 7,02,044.22 Crore.In the call money segment, the volume stood at ₹ 21,115.55 Crore, reflecting lending between banks. This segment maintained a weighted average rate of 5.28%, which falls within its established range of 4.20% to 5.40%.The Triparty Repo segment accounted for a substantial portion of the market volume at ₹...

RBI’s M&A Backing Threatens Private Credit Returns as Banks Step Up in Corporate Takeovers India's decision allowing traditional banks to finance corporate acquisitions could significantly impact private credit providers, Moody's Ratings warns. The new regulations, intended to boost the country's deal market, are poised to compress yields and reduce opportunities for specialized private credit funds.Impact of RBI Funding on Private Credit Sector The Reserve Bank of India has granted local lenders the ability to finance up to 75% of the transaction value in corporate takeovers. This move is expected to strengthen the nation's $40-billion plus deal market. Previously, acquisition funding was a lucrative specialty for private credit...

Stake Sale Looms for Jana Holdings as Promoter Plans Exit from Jana SFB to Clear TPG Debt Jana Holdings Eyes Stake Dilution to Fulfill Repayment Obligations Jana Holdings Ltd is reportedly preparing a significant corporate maneuver involving the sale of a portion of its stake in Jana Small Finance Bank (Jana SFB). This move is set to facilitate the repayment of approximately Rs 700 crore owed to TPG Asia, a Singapore-based private equity firm.The strategy involves Jana Holdings willing to pare its existing stake by around 7%. If executed, this dilution would reduce the company's holding in Jana SFB to below 10%, effectively causing it to cease being the bank's promoter.TPG Asia had previously granted a six-month extension on the...

Bajaj Auto Reports Strong Sales in June 2026; Total Revenue Jumps 28% Bajaj Auto Limited has reported its sales figures for June 2026, showing significant growth across both two-wheelers and commercial vehicles. The company's total sales reached 4,63,202 in the month of June 2026, compared to 3,60,806 recorded in June 2025.The performance was driven by strong results across all segments. Two-wheeler sales stood at 3,89,395 in June 2026, marking a 30% increase from the previous year. Commercial Vehicle (CV) sales reached 73,807, reflecting an 18% growth compared to the same period last year.Detailed breakdown of the monthly sales figures is presented below:SegmentParticularsJun-26 SalesJun-25 SalesChange %...

RBI’s Prop Trading Overhaul: New Rules Tighten Squeeze on Indian Firms While Global Players Remain Unaffected The Reserve Bank of India (RBI) has introduced significant changes to its prop trading regulations, sparking immediate market reactions across domestic financial firms. These newly tightened rules are specifically designed to curb certain practices within the local proprietary trading sector, setting up a distinct regulatory environment for homegrown institutions compared to their international counterparts.This major policy shift signals the central bank's heightened scrutiny over operational risks in leveraged trading environments. The implications are particularly sharp for Indian companies operating in high-frequency and...

Rupee Surges Near 94 Level as Brent Crude Plummets Amid US-Iran Dialogue Currency Reclaims Key Ground Following Oil Price Collapse The Indian Rupee opened significantly stronger against the dollar, trading at 94.93 after reclaiming the critical 94 level. This movement follows a sharp depreciation, with the currency having depreciated by about 60 paise from its previous session close of 95.25. The move marks the first time in roughly a month that the rupee has breached the key 95 level barrier.Despite positive Foreign Institutional Investor (FII) inflows and lower crude oil prices, the Rupee experienced a sharp weakening trend overall. Amit Pabari, managing director at CR Forex Advisors, noted that if the currency cannot strengthen on...

Rupee Rallies as Oil Prices Plunge; Market Eyes Asian Peers and Global Yields The Indian rupee opened stronger on Thursday, gaining 32 paise against the US dollar. This uptick was primarily attributed to a further softening of oil prices. However, market sentiment remains cautious, with traders anticipating that this relief may be short-lived amid widespread weakness across Asian currencies and concerns over higher U.S. yields.The rupee opened at 94.92 per dollar, registering an improvement from Wednesday’s close of 95.24. Firex projections indicate that the currency is expected to trade within a defined range of 94.80 to 95.50 during the session. This projected movement suggests specific strategic moves for market participants...