Indira Ivf and 7 others get nod for IPOs
Sebi has approved IPOs for eight companies, including Indira IVF and Chartered Speed. Chartered Speed plans a ₹855 crore issue, while RKCPL aims for ₹1,250 crore. Several companies, like Indira IVF and Rays of Belief, utilized confidential filings for their IPOs.
Indices end lower despite Asian rally; Nifty@26,800 still in play: Analysts
Indian benchmark indices hit fresh highs on Monday but failed to sustain gains, closing lower. The NSE Nifty ended down 0.3% and the BSE Sensex declined 0.4%, despite upbeat Asian markets. Profit-taking at higher levels and a decline in HDFC Bank contributed to the fall.
Monthly SIP inflows double in three years as equity valuations stay elevated
Indian savers are increasingly favoring Systematic Investment Plans (SIPs), with average monthly gross inflows more than doubling to ₹28,202 crore in FY26. This surge, driven by robust equity fund returns and a preference for disciplined investing over lump sums, has ballooned SIP assets under management significantly.
IT stocks can’t trump fear, traders build bearish bets
Traders built fresh bearish derivative positions in IT stocks as caution ahead of Q3 results and recent downgrades weighed on sentiment. The NSE IT index fell 1.4%, with most stocks declining. Analysts remain cautious due to seasonal softness, geopolitical uncertainty, and concerns over potential US tariffs, recommending reduced exposure for the near term.
Govt weighs shift to NDP from GDP as key metric of economy
India is looking at Net Domestic Product as a key economic indicator. This move aligns with the United Nations’ SNA 2025 guidelines. NDP accounts for asset depreciation and resource depletion, offering a clearer picture of economic costs. The statistics ministry is preparing for this change, with implementation planned for 2029-30. A revised GDP base year […]
After months of slowdown, consumer demand rebounds in Oct–Dec on GST cuts, softer inflation
Consumer goods demand saw a strong recovery in the October-December quarter, driven by GST cuts and easing inflation. Sales of electronics like ACs and TVs rose significantly, marking the retail market’s best growth phase in over 18 months. Retailers remain cautious but inventory levels have decreased.
Trent Q3 update: Standalone revenue rises 17% YoY to Rs 5,220 crore; store expansion steady
Trent reported 17% revenue growth in Q3 despite slower expansion. Zudio remains the key growth driver, while a sharp stock correction and improving store economics prompted HDFC Securities to upgrade the stock outlook.
Dabur sees early demand revival after GST-cut disruption
Indian consumer goods maker Dabur said on Monday it has seen signs of demand recovery in the third quarter, after consumers had deferred purchases ahead of the government’s tax cuts that took effect in September.
Kotak Bank Q3 Updates: Net advances jump 16% YoY to Rs 4.8 lakh crore, deposits rise 15%
Kotak Mahindra Bank reported robust Q3FY26 growth, with net advances rising 16% YoY to Rs 4.8 lakh crore and deposits increasing 15% to Rs 5.43 lakh crore. Sequentially, both advances and deposits saw steady improvement. CASA grew 12% YoY, while the stock remained resilient, delivering 19% returns over the past year. The numbers are provisional […]
Torrent Pharma to raise Rs 12,500 crore via issue of NCDs
Torrent Pharmaceuticals plans to raise Rs 12,500 crore through secured, rated NCDs via private placement. The fundraising follows committee approval and comes amid strong stock performance and robust earnings growth in the September quarter.