Eternal shares jump 3% from lows as Zomato hikes platform fee by Rs 2.4 per order
Eternal shares surged 3% after Zomato increased its platform fee by Rs 2.40 per order, bringing it in line with rival Swiggy. This move follows a significant correction in Eternal’s stock, which has underperformed broader indices over the past six months.
Rupee weakness likely to persist as oil prices stay elevated: Anindya Banerjee
The Indian rupee is at a critical point, falling past 93 against the US dollar. Crude oil prices and foreign investor outflows are pressuring the currency. Geopolitical risks, especially concerning the Strait of Hormuz, are a major factor. The Reserve Bank of India is intervening to manage volatility. The rupee’s future direction depends on easing […]
Tata Power shares jump 5% after Gujarat govt approves supply agreement for Mundra plant
Tata Power share price surged after Gujarat approved a new power supply deal. This allows the company to restart its 4-gigawatt Mundra plant. The agreement aims to boost power output amid potential summer gas shortages. It requires federal approval and takes effect from April 2025. Tariffs will align with other states. This development offers relief […]
Rs 1 lakh crore wiped off! Bajaj Finance shares tumble 18% in March so far amid raging Iran-US war
Bajaj Finance shares have plunged over 20% in a month, eroding more than Rs 1 lakh crore in market value amid escalating Iran-US tensions. Rising oil prices, inflation concerns and macroeconomic risks flagged by Moody’s have weighed on sentiment, dragging financial stocks lower and keeping investors cautious amid ongoing geopolitical uncertainty.
10 high-priced stocks: FY26’s top performers & laggards with FII and MF stakes
The top six laggards have fallen in the range of 25–40%, while the top six gainers have surged between 40-130% in FY26 among these high-priced stocks.
SBI shares jump 3% after subsidiary SBI Funds Management files draft IPO papers
Shares of State Bank of India (SBI) rose sharply after its subsidiary SBI Funds Management filed draft IPO papers with Sebi for a pure offer for sale of 20.37 crore shares. Proceeds will go to selling shareholders, including SBI and Amundi India Holding.
Markets in waiting mode: Retail investors advised patience amid global tensions
Global markets are volatile due to Middle East conflict. India’s energy security provides a strong position. Experts advise patience for retail investors. A relief rally is expected once tensions ease. Domestic consumption remains a key theme. Investors should time their entries carefully. Disciplined investing is crucial for navigating this uncertain phase.
Accenture’s AI momentum strong, but revenue growth signals caution for IT sector: Sudip Bandyopadhyay
Accenture reports strong AI deal wins. This indicates a major shift in the IT sector where artificial intelligence is now essential. While revenue growth is moderate, experts believe Accenture may exceed expectations. The company has stopped reporting AI revenue separately, reflecting its integration into core services. This trend will likely shape future performance for IT […]
SBI Mutual Fund IPO: 10 key things investors should track as India’s biggest AMC gears up for listing
SBI Mutual Fund has filed its DRHP with Securities and Exchange Board of India for a high-profile IPO, which will be entirely an offer for sale by promoters State Bank of India and Amundi India. The listing comes amid strong growth in India’s mutual fund industry, driven by rising retail participation and SIP inflows.
Geopolitical volatility makes strong case for bonds; stick to short-term funds: Devang Shah
Geopolitical tensions and rising crude prices are reshaping investment. Fixed income offers stability. Investors should focus on high-quality, short-term debt. This strategy provides steady returns and resilience amid evolving risks. The Indian bond market is becoming more attractive globally. This could bring significant foreign capital.