State Bank of India emerged as the biggest turnaround story, with profit soaring 568% from Rs 12,743 crore in FY16 to Rs 85,168 crore in FY26 A decade ago, India Inc.’s profit landscape looked very different. Banks were still dealing with bad loans; telecom companies were locked in fierce competition, and energy firms were navigating…
Hexagon Nutrition’s IPO, which opened from June 5 to June 9, was oversubscribed by over 50 times, with significant participation across all investor categories. The grey market premium suggests a potential listing price of ₹52, reflecting a 15.6% premium over the issue price of ₹45. The initial public offering of Hexagon Nutrition, which was…
According to experts, the 23,100–23,000 zone can act as immediate support for the Nifty 50. A decisive fall below this range could potentially drag the index towards 22,700 (the 78.6 percent Fibonacci retracement level). However, immediate resistance is seen at the 23,600–23,700 levels. The Nifty 50 recouped 254 points from the day’s low…
Amid the ₹14,261.41 crore sell-off, Sudeep Shah of SBI Securities believes that FIIs build-up short positions in index futures over the last three sessions, indicating increasing bearish bets. Foreign Institutional Investors (FIIs) have been aggressive sellers in the index futures segment in the last four trading sessions between May 26 and June 01, with their…
During the day, the Sensex touched a high of 76,559.07, up 1,144 points, or 1.5 per cent. Likewise, the Nifty 50 hit an intraday high of 24,054.45, up 335 points, or 1.41 per cent. Stock Market rally:Extending the gains for the second consecutive session, Indian equity benchmark indices Sensex and Nifty 50 traded sharply…
Sebi proposes wider auction bands and stricter norms for IPOs and re-listed stocks to improve price discovery and curb distorted trading Market regulator Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and re-listed stocks during the pre-open call auction session. Under the proposed…
Reliance Jio is reworking its much-awaited IPO into a fully fresh issue of shares, dropping the earlier plan where global investors would have partially sold their stakes. Reliance Jio IPO: The much-awaited initial public offering of Reliance Jio, the telecom and digital arm of Reliance Industries Limited, is likely to comprise entirely fresh equity issuance.…
Industry players said the government may have adopted a precautionary approach due to climatic uncertainties, with some hinting at wrong production estimates The government on Wednesday banned sugar exports with immediate effect till September 30, 2026, as stock concerns began to outweigh earlier expectations of a comfortable sugar season. In a notification dated…
Bharti Airtel reported steady Q4 revenue growth on subscriber gains and higher data usage, but profit declined on a high base Bharti Airtel Ltd on Wednesday reported a steady revenue growth in the January-March quarter (Q4FY26) driven by subscriber additions, higher data consumption and continued expansion in the home broadband segment. The company’s net profit,…
Analyst said that demand and consumption of electricity may further rise due to more intense heatwaves, with more frequent use of air conditioners, air coolers, and other appliances. AC, power stocks rally: Shares of cooling products manufacturers and power generation and distribution companies gained in trade today as an intensifying heat wave, especially in…