Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI’s new proposal for NBFCs
Shares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively barring revolving credit products. The proposal exempts NBFCs authorised to issue credit cards and is aimed at strengthening prudential norms while encouraging innovation in lending.
Siemens Energy India shares jump 7% after strong Q1 results. Should you buy, sell or hold?
Siemens Energy India shares surged over 7% after the company posted a robust June 2026 quarter, with net profit jumping 68% year-on-year and revenue rising nearly 40%. Encouraged by strong execution, a healthy order backlog and long-term growth prospects, Motilal Oswal retained its ‘Buy’ rating and raised the target price to Rs 4,100.
Last day to buy Jio Fin & 8 other stocks for dividend payouts
Jio Financial Services fixed August 10 as the record date for its final dividend of Rs 0.60 per share for the financial year which ended on March 31, 2026. This comes after the company paid a dividend of Rs 0.5 per share to its shareholders last year.
Sensex drops over 200 points, Nifty tests 23,600 as Strait of Hormuz tensions rattle oil markets
Indian stock markets opened lower on Friday as oil prices increased. Concerns over Iran potentially closing the Strait of Hormuz impacted investor sentiment. Bajaj Finance and Bajaj Finserv shares led the declines on the Sensex. IT stocks like TCS and Tech Mahindra bucked the trend with gains. Analysts suggest market consolidation is likely before an […]
Technocraft Ventures IPO opens today; GMP signals 5% premium. Should you subscribe?
The Rs 251.88 crore Technocraft Ventures IPO opens for subscription today, August 7, with a price band of Rs 200-Rs 212 per share. Backed by a 54% jump in FY26 net profit and an 5% grey market premium, brokerage Anand Rathi has given it a ‘Subscribe – Long Term’ rating.
Ola Electric shares jump 31% in 6 months. Should you buy, sell or hold?
Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sales, and a BESS partnership. Analysts remain cautious, citing execution, competition, and cash-burn risks. Technical indicators suggest resistance near Rs 45–50, with sustained operational improvement seen as essential for further upside.
LIC gains 3% after Q1 earnings. Here’s what Morgan Stanley and Motilal Oswal recommend
LIC shares rose 2.5% after the state-owned insurer reported a 23% year-on-year jump in Q1 standalone net profit to Rs 13,492 crore, while net premium income grew 7% to Rs 1.27 lakh crore. LIC also retained its leadership in the domestic life insurance market, with a 60.1% share of first-year premium income, according to IRDAI […]
Britannia shares rally 4% as Q1 profit rises 14% YoY. Should you buy, sell or hold?
Britannia Industries shares rose 4% after the FMCG major reported a more than 14% year-on-year increase in Q1 FY27 net profit to Rs 591 crore. Despite higher input costs due to geopolitical tensions, the company delivered healthy revenue growth and margin expansion, prompting Nuvama and Nomura to reiterate their ‘Buy’ ratings on the stock.
Dollar drifts higher as traders eye Iran talks ahead of US jobs data
The dollar surged on Friday, gaining strength over the yen and euro as uncertainties regarding a peace deal in Iran heightened demand for safe-haven assets. Support for the dollar was also found in increasing Treasury yields due to expectations of forthcoming rate increases. Market participants are eagerly awaiting the U.S.
Oil rises on concerns over Strait of Hormuz reopening plans
Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78.84, skepticism grows regarding the restoration of standard tanker traffic amidst sanctions. Moreover, […]