Commercial credit surges 24% YTD as loans, bonds fuel revival
India’s commercial sector credit surged 24% year-to-date, reaching ₹20 lakh crore by October 31, FY26. This revival, driven by lower lending rates and tax relief, saw significant contributions from non-banking sources like bonds and ECBs, indicating renewed business and investment activity.
ASK Auto promoter sells Rs 373-crore stake in a bulk deal
Mumbai promoter Kuldip Singh Rathee divested shares of ASK Automotive valued at ₹373 crore in a significant bulk deal on NSE. He sold 78.85 lakh shares, representing 4% of the company’s equity. SBI Mutual Fund was noted as one of the buyers in the transaction.
Rupee settles 6 paise lower at 89.22 against greenback
The Indian Rupee saw a slight dip on Tuesday, closing 6 paise lower against the US Dollar at 89.22. Domestic equity market weakness weighed on the currency. Falling crude oil prices offered some support. However, foreign fund outflows kept the Rupee under pressure. This follows a significant recovery on Monday after hitting a lifetime low […]
Most sectors trading below 5-year P/E even as Q2 shows a bounce
Metals, consumer durables, and oil & gas sectors showed strong profit growth in the September quarter. Two of these sectors now trade above their long-term average valuations. Other sectors saw modest profit increases or declines. Investors are advised to consider PSU banks, banks, BFSI, IT, and select steel companies for potential upside.
Sunil Mittal entity likely to divest close to 0.56% in Airtel
Sunil Mittal-led Indian Continent Investment plans to sell approximately 0.56% of its Bharti Airtel stake, valued at around ₹7,200 crore, via a block deal. The entity will offload 3.43 crore shares, potentially at a 3% discount to Tuesday’s closing price. This move follows a similar stake sale in August.
Blue Star shares can gain 10%, says Motilal Oswal after initiating coverage with Neutral rating
Motilal Oswal initiated coverage on Blue Star with a Neutral rating, expecting up to 10% upside with a ₹1,950 target price. The brokerage highlighted Blue Star’s steady market share gains in room air conditioners—from 7% in FY14 to 14% in FY25—and its aim for 15% by FY27.
Earnings revival likely in 2026, time to build domestic-focused portfolios: Sridhar Sivaram
Enam Holdings’ Sridhar Sivaram expects India’s earnings growth to rebound in 2026 as the government pivots from investment to consumption, GST cuts take effect and RBI begins rate reductions. He warns low nominal GDP and flawed inflation readings have suppressed earnings this year but sees financials, NBFCs, consumption and gold outperforming as domestic demand strengthens […]
Is urge to trade getting the better of you? Zerodha’s ‘Kill Switch’ is a remedy, says Nithin Kamath
Nithin Kamath urges traders to avoid over-trading, highlighting Zerodha’s Kill Switch feature that blocks further trades for the day. The tool lets users disable segments, prevent revenge trading, and re-enable access only after a cooldown period.
Adani Enterprises’ Rs 24,930 cr rights issue opens today at 23% discount. Check issue price, entitlement ratio and more
Adani Enterprises has launched its ₹24,930-crore rights issue, offering shares at a 23% discount, with proceeds earmarked for major infrastructure expansion, new-age businesses and debt reduction, while promoters are expected to fully participate
IMF likely to alter classification of India’s forex framework
The IMF is expected to revise how it classifies India’s exchange rate regime, two years after triggering tensions with the RBI by suggesting excessive currency intervention. According to people familiar with the matter, the new description may reference a “crawling peg,” a framework involving gradual currency adjustments to reflect inflation differentials. The shift would signal […]