Sensex rises 220 points, Nifty nears 24,000 on Iran-US ceasefire extension reports
Indian stock markets opened muted but recovered on Thursday morning. Investors assessed Middle East political developments. Declining oil prices provided a boost. IT stocks led gains on the Sensex. Broader markets also traded in the green. Foreign investors remained net sellers of Indian equities on Wednesday.
Anthropic eclipses OpenAI with valuation of $965 billion
Anthropic PBC has raised funding at a $965 billion valuation, overtaking rival OpenAI for the first time. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with each investing over $2 billion. Google and Amazon also joined as part of previously announced multibillion-dollar commitments to Anthropic.
Ranbir Kapoor-backed Prime Focus shares gain 2% after firm returns to black with Rs 82 crore net profit in Q4
Prime Focus shares saw a rise on Friday. The company reported a profit of Rs 82 crore for the fourth quarter of FY26. This marks a significant turnaround from a loss in the previous year. Revenue also jumped over 42 percent. The company is involved in a legal dispute regarding an insolvency petition.
Bharat Dynamics shares tank 8% after weak Q4 results. Here’s why Motilal downgrades stock
Bharat Dynamics Ltd shares plunged 8.5% after reporting a steep 58.5% drop in Q4 FY26 net profit to Rs 113.18 crore, with revenue also falling nearly 73%. Full-year profit declined 23%. Motilal Oswal downgraded the stock to ‘Neutral’ citing execution concerns and margin pressure, while also highlighting key industry risks.
Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?
Oil prices saw a slight dip on Friday. Hopes for a U.S. and Iran ceasefire extension are influencing the market. U.S. Vice President JD Vance indicated progress but noted unresolved issues. Geopolitical tensions remain high. Analysts suggest a prolonged Strait of Hormuz closure could impact global oil markets significantly.
Positive Breakout: These 11 stocks cross above their 200 DMAs
In the Nifty500 pack, 11 stocks’ closing prices crossed above their 200 DMAs (Daily Moving Averages) on May 27, 2026, according to stockedge.com’s technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular stock. As long as the stock is priced above […]
Bio Medica Laboratories shares to debut today. Here’s what GMP suggests ahead of listing
Bio Medica Laboratories’ shares are set to list on the NSE SME platform amidst weak grey market sentiment, with the IPO currently trading at a discount. The Rs 52 crore IPO, which saw overall subscription of 2.26 times, aims to fund loan repayment and manufacturing expansion. Despite selective institutional interest, investor caution prevails due to […]
Global Market Today: Asian stocks rise on US-Iran truce deal, oil drops
Asian markets saw gains as oil prices fell following a tentative US-Iran ceasefire extension. This development eased concerns about energy flow disruptions. Optimism surrounding artificial intelligence also boosted stock markets. However, rising inflation and a cooling economy present challenges for investors. The Federal Reserve’s flexibility is limited by persistent price pressures, impacting interest rate decisions.
Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEO
After a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the next two years from 14% at present. It also plans to enter into the credit card business, and loans against mutual funds are on the cards, too, as is a […]
Ace investors take a hit on portfolios in March quarter
Top Indian investors saw their portfolios shrink in the first quarter. Hemendra Kothari and Mukul Agrawal experienced over 25% declines. Madhusudan Kela’s holdings fell 21%. The portfolios of Rakesh Jhunjhunwala’s family and Anil Kumar Goel were least affected. This period marked a sharp market downturn impacting many.