PSB dollar sales help rupee close flat at 95
The Indian rupee held steady against the dollar on Monday. State-run banks sold dollars, supporting the rupee. Foreign exchange markets are now focused on upcoming US non-farm payroll data. The Reserve Bank of India’s monetary policy announcement is also a key event. Analysts expect the repo rate to remain unchanged.
Reforms, AI capex peaking could revive interest in India: Candace Browning, BofA Global Research
BofA Global Research head Candace Browning anticipates India will benefit from a West Asia crisis resolution and the peak of global AI capex, though Indian equities may lag emerging markets in the near term. She forecasts a year-end Nifty target of 26,200, but warns of potential pressure on valuations if conflicts persist.
IT stocks rally as AI deals, valuations draw investors
Indian IT stocks saw a significant surge on Monday, outperforming the broader market. The Nifty IT index reached its highest point since April 23. This rally was driven by attractive stock valuations and new AI partnerships. Investors are showing renewed interest, building fresh long positions. This rebound follows a period of underperformance for the IT […]
Ola Electric opens QIP, sets floor price at Rs 37.74/share
Ola Electric Mobility has approved its qualified institutional placement (QIP), setting a floor price of ₹37.74 per equity share. This fundraising initiative aims to bolster the company amidst slowing sales and market share pressures in the electric two-wheeler sector. The move follows a recent ₹2,000 crore investment into its subsidiaries for enhanced localization and vertical […]
Zaynich’s blockbuster potential lifts Wockhardt’s long-term outlook
Wockhardt’s novel antibiotic, Zaynich, has received USFDA approval after a 12-year effort, sparking hopes for a turnaround after years of net losses. The drug, targeting multidrug-resistant bacteria, has a projected peak sales of $1.5 billion, potentially transforming the company’s financial outlook. Investors have responded positively, with the stock surging on the news.
JLR to raise $2 billion five-year loan from global banks to refinance debt
Jaguar Land Rover has announced a pivotal financial strategy, obtaining a $2 billion loan from leading multinational banks. This endeavor serves to refinance debts that are maturing early next year. With the loan priced at 155 basis points above the SONIA rate, it reflects a savvy approach amidst current market uncertainties.
US stocks today: US stocks end higher, boosted by tech gains, US-Iran peace hopes
US stocks closed higher as AI-driven tech rally lifted the Nasdaq and S&P 500 to fresh record highs. Nvidia gained after unveiling a new chip bringing AI capabilities to laptops, while Micron crossed $1,000 for the first time. Geopolitical tensions with Iran and upcoming jobs data kept sentiment cautious.
Aegis Logistics shares rally 4% as Q4 profit rises 45% YoY
Aegis Logistics shares rose sharply after the company reported a 45% year-on-year rise in Q4 FY26 consolidated net profit to Rs 413 crore, supported by strong revenue growth. The board also recommended a final dividend of Rs 6.70 per share, boosting investor sentiment amid robust annual performance.
Extra Time! NSE extends F&O trading by 10 minutes. What changes for traders?
The NSE will introduce the Closing Auction Session (CAS) framework in the equity derivatives segment from August 3, 2026. While market closing time will be extended by 10 minutes to 3:40 pm, the key change is the adoption of an auction-based mechanism to determine closing prices, aimed at improving price discovery and aligning cash and […]
Betting on PSU or private bank? Don’t fall for this trap
PSU banks achieved historic profit and NPA lows in FY26, yet analysts favor leading private banks for FY27. This shift is driven by superior earnings compounding potential and a more attractive risk-reward profile amid intensifying deposit pressures and global uncertainty. While PSU banks’ structural tailwinds have largely played out, private banks are better positioned for […]