HFCL shares slip 10% in two sessions after sharp 165% rally in 2026
HFCL shares have corrected about 10% in two sessions after a sharp 165% rally in 2026, driven largely by profit booking. Despite strong fundamentals, rising order inflows, and robust earnings recovery, elevated valuations and overbought technical indicators suggest the possibility of near-term consolidation in the stock.
IDFC First Bank shares fall after CBI conducts searches, lender shares update on Rs 646 crore fraud case
IDFC First Bank shares dipped as the CBI conducted searches in connection with a Rs 646 crore fraud case. A forensic review by KPMG confirmed collusion involving bank employees, government officials, and third parties. The bank has compensated the affected government departments and is cooperating with authorities.
Lenskart shares fall over 2% as JPMorgan sells stake in Rs 96 crore block deal
Lenskart Solutions’ shares dipped over 2% following a Rs 96 crore block deal where JPMorgan Chase’s subsidiary sold a stake to Hong Kong-based Viridian Asia Opportunities Master Fund. This follows recent stake sales by SoftBank affiliate SVF II Lightbulb (Cayman), attracting various institutional investors.
Tata Steel shares dip over 2% as UK project may face 6-8 month delay amid electricity access issues
Tata Steel’s ambitious low-carbon steel project in the UK is facing a significant delay. The commissioning of the new electric arc furnace at Port Talbot may be pushed back by six to eight months. This setback is due to delays in securing the necessary electricity infrastructure.
Top corporate bonds, long gilts can be a good play as RBI holds rates
The RBI maintained its repo rate at 5.25% and a neutral stance, raising inflation forecasts due to West Asian conflict-driven oil price hikes. Fund managers suggest corporate bonds for accrual income and a tactical bet on long-tenure gilt funds, anticipating improved FPI inflows after tax benefits.
Top corporate bonds, long gilts can be a good play as RBI holds rates
The RBI maintained its repo rate at 5.25% and a neutral stance, raising inflation forecasts due to West Asian conflict-driven oil price hikes. Fund managers suggest corporate bonds for accrual income and a tactical bet on long-tenure gilt funds, anticipating improved FPI inflows after tax benefits.
SC ruling seen shaping Sebi’s fraud-finding frame
In a ruling, the apex court had said that investor injury alone can establish fraud, although the loss isn’t quantifiable
Retail investors can play on as AMCs cap gold bets
Three major asset management companies have imposed purchase restrictions on large investors in gold mutual fund schemes. This move aims to curb gold imports and manage strong inflows, with retail investors expected to remain unaffected. Wealth managers see this as a response to the Prime Minister’s call to reduce imports, following gold’s significant recent performance.
Analysts lift bets on India Inc after strong March quarter
Analysts have upgraded earnings estimates for a majority of NSE 500 companies following better-than-expected profit growth in the March 2026 quarter. This surge in upgrades, particularly for sectors like banking, capital goods, and healthcare, is driven by strong performance and favorable market conditions. The quantum of earnings revisions also saw a significant increase, with many […]
India eyes major bond index entry as tax exemptions sweeten appeal
India is set to reapply for inclusion in major global bond indices. This follows significant tax exemptions for foreign investors on capital gains and withholding taxes. The country has also expanded its long-dated securities pool. Officials are engaging with global index operators and the Bank for International Settlements. These moves aim to attract substantial foreign […]