Market Trading Guide: YES Bank Among Two Stock Picks for Monday with up to 10% Upside Scope
Indian equities faced broad‑based selling after the IMD projected monsoon rainfall at only 90% of the long‑period average, stoking fears of higher food inflation. The downside was cushioned by falling crude‑oil prices, easing bond yields and optimism over a possible US‑Iran diplomatic breakthrough. Analysts highlighted YES Bank (₹23.22 ≈ $0.28) and NBCC (₹100.3 ≈ $1.21) as short‑term buys, each showing bullish technical setups with targets that imply roughly 10% upside. Market participants now await the RBI’s policy decision and upcoming GDP data for further direction.
Midcaps in a Sweet Spot? Why Nippon India’s Rupesh Patel Sees a Valuation Correction Despite New Index Peaks
The NSE Midcap 150 index has hovered near flat since September 2024 even as earnings grew at a healthy pace, prompting a modest valuation correction that now places many mid‑cap stocks in a more attractive price range. Nippon India’s Growth...
FIIs Pull Out Massive Rs 20,637 Crore in Single Day on Friday. What Led to This Sharp Exit?
On Friday, foreign portfolio investors (FPIs) sold a net Rs 20,637 crore (~$2.5 bn) of Indian equities, one of the largest single‑day outflows in recent years. The sell‑off accounted for about 69% of total NSE turnover, which reached Rs 287,452 crore (~$34.6 bn). Analysts attribute the...
Nearing Retirement and Invested Mostly in FDs? Expert Shares Diversification Roadmap
As retirement looms, many investors rely heavily on fixed deposits for capital preservation, but rising inflation erodes real returns. Financial expert Harshvardhan Roongta advises that it’s never too late to diversify, adding equities to capture long‑term growth while maintaining a...
Ranbir Kapoor-Backed Prime Focus Shares Gain 2% After Firm Returns to Black with Rs 82 Crore Net Profit in Q4
Prime Focus reported a Q4 FY26 net profit of Rs 82 crore (≈$10 million), reversing a Rs 231 crore loss from the same quarter last year. Revenue surged 42% YoY to Rs 1,375 crore (≈$165 million), while EPS rose to Rs 1.14 from a negative Rs 7.70. The firm faces...
US Stocks Today: Dow Posts Closing Record High, S&P 500, Nasdaq Muted as AI Rally Pauses
The Dow Jones Industrial Average closed at a record 50,650.76, buoyed by healthcare and consumer stocks, while the S&P 500 and Nasdaq barely budged as the AI‑driven rally lost steam. JPMorgan Chase shares fell after CEO Jamie Dimon warned expenses could...
Sebi Chief Tuhin Kanta Pandey Backs Bond ETFs, Tokenisation as Debt Fundraising Nears Rs 9 Lakh Crore
SEBI chairman Tuhin Kanta Pandey said India’s corporate bond market raised nearly Rs 9 lakh crore in FY 26 – roughly $108 billion – almost twice the equity market’s haul. He urged issuers to view bonds as a regular funding source and announced SEBI’s push...
Can Salary-Linked SIPs Transform MF Investing for Indians? Experts Weigh In
India’s securities regulator SEBI has floated a consultation paper allowing salaried employees to fund mutual‑fund systematic investment plans (SIPs) through payroll deductions, mirroring EPF or NPS contributions. Experts say the move could streamline KYC and mandate setup, making it easier...
Deepa Jewellers, Cotec Healthcare Receive Sebi Approval for IPOs
Deepa Jewellers and Cotec Healthcare have both secured final SEBI approval to launch their initial public offerings. Deepa plans a fresh issue of up to ₹250 crore (≈$30 million) plus an offer‑for‑sale of 1.18 crore shares by its promoters. Cotec Healthcare, a contract...
LIC Announces 1:1 Bonus Issue, Sets May 29 as Record Date
The Life Insurance Corporation of India (LIC) announced a 1:1 bonus issue, with May 29 set as the record date for eligibility. The move coincides with Q4 results showing a 23% YoY rise in consolidated net profit to ₹23,467 crore (≈$2.8 bn). LIC...
GIFT Nifty Jumps Nearly 1% After Reports of US Relief on Iran Oil Sanctions
GIFT Nifty jumped almost 1% after reports that the United States may grant a temporary waiver on sanctions targeting Iranian oil exports. The prospect of renewed Iranian crude supplies is expected to ease global oil prices, which have been climbing...
Arohan Financial Services Files IPO Papers with Sebi; Eyes Rs 600 Cr via Fresh Issue
Microfinance lender Arohan Financial Services has filed a draft red‑herring prospectus with SEBI for a maiden IPO, targeting a fresh issue of Rs 600 crore (≈$72 million) and an offer‑for‑sale of 4.04 crore shares by existing investors. The company, which manages roughly Rs 6,308 crore (≈$760 million)...
PFC Board Clears Next Step for REC Merger, Seeks Govt Approval
Power Finance Corporation (PFC) board approved seeking the President’s approval for its merger with REC Limited. The deal will use a share‑exchange ratio set by appointed valuers, and the merged entity will retain government‑company status. With the government holding 55.9%...
India’s Gold Import Duty Hike: A Double-Edged Sword
India has raised its customs duty on gold from 6% to 15% after Prime Minister Narendra Modi urged citizens to curb buying for a year. The move targets a $72 billion import bill that fuels the current‑account deficit and pressures the...
Crude@$100+: A Power Boom You Might Be Missing
India’s power and energy sector has seen a massive rally as Brent crude stays above $100 per barrel, adding roughly $36 bn (Rs 3 lakh crore) to the market‑capitalisation of Nifty Energy stocks since the US‑Israel‑Iran conflict began. Foreign institutional investors poured about $670 m...