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Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets extended losses as Tata Group stocks tumbled following N Chandrasekarans Tata Sons exit, while crude nearing $90 heightened inflation concerns. Sensex fell 188 points and Nifty declined 36 points, with PSU banks and metals outperforming broader market weakness.
US stocks: CoreWeave, Super Micro surge on signs of sustained AI buildout
CoreWeave and Super Micro have seen their stock prices soar to new heights amid a rising tide of demand for AI infrastructure. CoreWeave has updated its expectations for annual revenue and operating profit, signaling strong market confidence. Similarly, Super Micro's projections for 2027 revenue exceed Wall Street estimates, reflecting robust investment in AI servers and computing capabilities.
BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit
Bank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving a preferential allotment of equity shares and warrants, could see its stake grow to 49.9 percent. The investment signifies Bank of America's commitment to strengthening its foothold in India's financial landscape, utilizing local knowledge for enhanced market development.
Bought co-owner's 50% share in a property? How capital gains tax applies when selling whole asset
Buying a co-owners share in a jointly owned property can make capital gains tax calculations more complex when you sell the whole asset. The two shares may have different acquisition dates and costs, affecting how the gains are taxed.
Apollo Hospitals Q1 Results: Net profit jumps 38% YoY to Rs 610 crore; revenue rises 21%
Apollo Hospitals reported a 38.4% year-on-year rise in Q1FY27 net profit to 610 crore, while revenue grew 20.6% to 7,044 crore. EBITDA increased 28.2%, supported by higher healthcare volumes, complex procedures, capacity expansion and strong international patient growth.
Bank of America to acquire 49.9% in Jio Credit in potential Rs 18,268 crore deal
Jio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% in Jio Credit. This investment could reach Rs 18,268 crore, approximately $1.9 billion. Bank of America will initially hold a 26.5% stake in the NBFC. The transaction is subject to necessary regulatory and statutory approvals.
Chandras exit announcement wipes off 45,000 crore market cap from Tata stocks in a day
Tata Consultancy Services, the groups largest listed entity with a market cap of 8.50 lakh crore, bore the sharpest absolute brunt, closing down 3.93 per cent at 2,349.70
Indel Money planning to raise up to 500 cr via public issue of NCDs
The minimum application size is 10,000 across all Series of NCDs and in multiples of 1,000 thereafter
Small-cap mutual funds attracted a record 7,768 crore in July, while large-cap funds saw their first outflow in 30 months. The sharp shift in equity fund flows raises questions about small-cap exposure, portfolio diversification and the right level of equity risk for investors.
Shein's slowing growth tests investor appetite ahead of Hong Kong IPO
Sheins upcoming IPO faces skepticism from investors due to a notable decline in growth rates. The fast-fashion giant is grappling with rising costs and evolving market dynamics that challenge its established business model. Concerns are mounting regarding whether Shein can replicate its previous growth trajectory that initially drew investor interest.
IndiQube Spaces Q1 revenue jumps 37% to record Rs 428 crore
IndiQube Spaces reported record Q1FY27 revenue of 428 crore, up 37% year-on-year. EBITDA rose 34%, while PAT surged 91% to 35 crore. Area under management and seat capacity expanded, alongside stronger occupancy and rapidly growing value-added services.
Nifty 50 needs 8% returns to reclaim peak; mid-caps narrow gap: What it means for investors
Large-, mid- and small-cap indices are at different stages of recovery from their previous peaks. While Nifty Midcap 150 is almost back to its record high, Nifty 50 has a wider gap to close. A study highlights how past corrections have shaped recovery timelines.
Horizon Industrial Parks eyes next growth phase with 2,600 crore IPO
The Blackstone-backed industrial and logistics platform plans to use the fresh issue to reduce debt and support the development of its 33-million-square-foot pipeline.
FD rates: Which banks are offering the best returns on fixed deposits right now?
DCB Bank, RBL Bank, YES Bank, Tamilnad Mercantile Bank and Jammu & Kashmir Bank are among the banks offering some of the highest FD interest rates across various tenures for deposits of up to 1 crore.
Pilani Investment to sell 1.7 million UltraTech Cement shares for 1,908 crore
Pilani Investment plans to sell 1.7 million UltraTech Cement shares valued at 1,908 crore on August 13, 2026, at a 3% discount. Separately, UltraTech Cement is acquiring a 26% stake in Solaris Horizon Energy to support its green energy initiatives.
NaBFID eyes $3-4 billion via ECBs in FY27, plans 10-year dollar bond issue
The infrastructure lender plans to issue $500 million-$1 billion in 10-year bonds by September-end and expects a multilateral-backed loan of nearly $1 billion
Sebi lowers stress testing limit for commodity derivatives
The Securities and Exchange Board of India (Sebi) has announced a significant reduction in the Z-score limit for stress testing in commodity derivatives, lowering it to five from ten. This strategic shift is designed to enhance compliance and streamline processes within the standardized framework, ensuring that price variations tied to a Z-score of five facilitate a more accessible business environment for market participants.
SAT reserves order on interim relief pleas filed by Zee and Punit Goenka
Zee has sought permission to proceed with its 3,143 crore preferential warrant issue and access mutual fund units, while Goenka has challenged Sebi's restraining order
US STOCKS SNAPSHOT-S&P 500, Nasdaq open higher after inflation data, earnings boost
Major stock indexes opened higher on Wednesday morning. Investors assessed largely in-line inflation data released today. Upbeat earnings from some AI infrastructure companies provided additional support. The Dow Jones Industrial Average rose slightly at the open. The S&P 500 and Nasdaq Composite also saw gains.
MCX, NISM launch centre to strengthen Indias commodity market skills
MCX and NISM have signed an MoU to establish the MCX-NISM Centre for Commodity Markets, focusing on professional training, research, investor awareness and academic engagement. The initiative aims to strengthen expertise in commodity derivatives, risk management, compliance and responsible participation.
Dhoot Transmission, Molbio Diagnostics IPOs see over 70 times subscription on closing day
Dhoot Transmission QIB portion subscribed 212.92 times, NII 51.93 times; retail 8.12 times and employee portion 8.14 times
Gokaldas Exports Q1 profit jumps 7% as US tariff pressure eases
Gokaldas Exports reported a 7% year-on-year rise in Q1FY27 net profit to 44 crore, while income climbed 21% to 1,180 crore. Recovery followed tariff disruptions, supported by stronger India order execution, Africa volumes and productivity initiatives.
UltraTech Cement to acquire 26% stake in Solaris Horizon Energy
DIXON incorporates subsidiary for undertaking OEM biz
Dixon Technologies (India) is currently under the process of incorporating a subsidiary company with the name and style 'Adivistar Electronics India' wherein Dixon would be acquiring 51% equity shares comprising of 25,50,000 equity shares of Rs 10/- each.
Returning to India? How RNOR status can help NRIs save tax on foreign income
During the RNOR phase, local income rules mirror those applicable to ordinary residents. Any revenue sourced within Indiasuch as domestic salary, rental proceeds from local property, or fixed deposit interestremains fully taxable and must be reported in the ITR
RIR Power Electronics posts 29% revenue jump in Q1 FY27, PAT doubles
Adjusted EBITDA climbs 62.87% to 4.71 crore, with margins expanding 357 basis points to 17.32%
PFRDA has highlighted the NPS scheme for platform workers, with contributions starting at just 99 to help build a retirement corpus. The scheme allows flexible contributions and portability, but theres more to know about how workers can enrol, contribute and withdraw.
Indias fertilizer sales down in July on dipping kharif sowing area and deficient monsoon
The fall in sales raises fears of a drop in kharif production, while farmers may lose yield if they go for late sowing of crops
Behari Lal Engineering (BLEL) IPO subscribed 2.03 times
The offer received bids for 1.50 crore shares as against 74.12 lakh shares on offer.
Shiprocket IPO subscribed 0.97 times
The offer received bids for 9.14 crore shares as against 9.44 crore shares on offer.
Quick Wrap: Nifty PSU Bank Index records a surge of 2.05%
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Grasim Industries swings to profit in Q1, revenue rises 21% YoY
Grasim Industries reported strong Q1 FY27 results, with standalone net profit reaching Rs 247 crore and revenue rising 28% YoY. Consolidated net profit jumped 51% to Rs 2,146 crore, driven by robust performance across core and growth businesses.
Embassy REIT set to enter Nifty 500, Nifty Midcap 150 from September 30
The office REIT expects its inclusion in key NSE indices to improve visibility and investor access while attracting greater institutional and retail participation.
India's retail Inflation at 4.45% in July 2026; food inflation at 5.52%
Rural areas recorded inflation of 4.84%, while urban areas saw a lower inflation rate of 3.96%.
B.R.Goyal Infrastructure bags Rs 39 crore NHAI order
B.R.Goyal Infrastructure announced that it has received a work order worth Rs 39 crore from the National Highways Authority of India (NHAI) for the engagement of a user fee agency through e-tender at Husnapur Toll Plaza in Maharashtra.
Senco Gold Ltd leads losers in 'A' group
Godrej Consumer Products Ltd, P I Industries Ltd, RHI Magnesita India Ltd and Techno Electric & Engineering Company Ltd are among the other losers in the BSE's 'A' group today, 12 August 2026.
Tribhovandas Bhimji Zaveri Ltd leads losers in 'B' group
Shilchar Technologies Ltd, HLE Glascoat Ltd, Camlin Fine Sciences Ltd and Piccadily Agro Industries Ltd are among the other losers in the BSE's 'B' group today, 12 August 2026.
Mach Travel Solutions consolidated net profit rises 298.70% in the June 2026 quarter
Sales rise 538.06% to Rs 144.33 crore
Va Tech Wabag consolidated net profit rises 36.93% in the June 2026 quarter
Sales rise 20.82% to Rs 886.80 crore
Shree Ram Twistex standalone net profit rises 4.94% in the June 2026 quarter
Sales rise 46.59% to Rs 92.72 crore
Kuantum Papers standalone net profit declines 48.34% in the June 2026 quarter
Sales rise 35.95% to Rs 301.71 crore
Chemiesynth (Vapi) reports standalone net loss of Rs 0.58 crore in the June 2026 quarter
Sales rise 5.79% to Rs 4.20 crore
Agarwal Fortune India reports standalone net profit of Rs 0.03 crore in the June 2026 quarter
Sales decline 81.78% to Rs 0.39 crore
Jindal Capital standalone net profit rises 60.00% in the June 2026 quarter
Sales rise 40.26% to Rs 1.08 crore
Velan Hotels reports standalone net loss of Rs 0.71 crore in the June 2026 quarter
Reported sales nil
Tai Industries reports standalone net loss of Rs 0.43 crore in the June 2026 quarter
Sales rise 39.64% to Rs 35.44 crore
Megastar Foods consolidated net profit rises 40.25% in the June 2026 quarter
Sales rise 23.50% to Rs 132.57 crore
One Point One Solutions consolidated net profit rises 72.78% in the June 2026 quarter
Sales rise 129.42% to Rs 158.32 crore
Lenskart Solutions consolidated net profit rises 269.24% in the June 2026 quarter
Sales rise 43.27% to Rs 2714.18 crore
Astral consolidated net profit rises 48.21% in the June 2026 quarter
Sales rise 15.93% to Rs 1578.00 crore
Sree Rayalaseema Hi-Strength Hypo consolidated net profit rises 11.82% in the June 2026 quarter
Sales rise 17.03% to Rs 210.95 crore
Bedmutha Industries reports consolidated net profit of Rs 6.92 crore in the June 2026 quarter
Sales rise 74.32% to Rs 541.43 crore
Kay Power & Paper consolidated net profit rises 1200.00% in the June 2026 quarter
Sales decline 17.28% to Rs 5.89 crore
Kerala Ayurveda reports consolidated net loss of Rs 7.98 crore in the June 2026 quarter
Sales rise 16.01% to Rs 33.19 crore
Hariyana Ship Breakers consolidated net profit rises 550.00% in the June 2026 quarter
Reported sales nil
Munjal Auto Industries consolidated net profit rises 63.25% in the June 2026 quarter
Sales rise 42.36% to Rs 699.01 crore
West Coast Paper Mills consolidated net profit rises 145.43% in the June 2026 quarter
Sales rise 10.12% to Rs 1051.26 crore
Chemtech Industrial Valves standalone net profit declines 77.08% in the June 2026 quarter
Sales rise 18.70% to Rs 11.36 crore
Supra Pacific Financial Services standalone net profit rises 117.07% in the June 2026 quarter
Sales rise 31.49% to Rs 24.01 crore
J A Finance standalone net profit rises 21.05% in the June 2026 quarter
Sales decline 28.77% to Rs 0.52 crore
SBI may tap overseas bond market again depending on liquidity needs
The lender raised $500 million through five-year dollar bonds at 88 bps over US Treasuries and could return to the overseas market depending on its funding and liquidity needs
Rupee rises 3 paise to close at 95.33 against US dollar
Dollar index trades at 99.85, up 0.03%
Eight equity mutual funds received over Rs 2,000 crore in inflows in July, led by Parag Parikh Flexi Cap Fund with Rs 5,040 crore, followed by two HDFC funds.
How to create an NGO in your grandfather's name
An NGO can generally be established as a public charitable trust, Section 8 company or charitable society.
Inside govts insurance reforms push: Standardised rates, nationwide claims exchange in offing
A panel comprising regulators, industry executives, hospitals and representatives of the CII is expected to submit recommendations by the end of the year.
Embassy Office Parks REIT to enter Nifty 500, become only investment trust in Nifty Midcap 150
Embassy Office Parks REIT will be included in the Nifty 500 and Nifty Midcap 150 from September 30, 2026, as part of NSE Indices latest periodic review. The REIT will also enter several other broad-based indices, potentially increasing its visibility and participation from institutional and passive investors.
Coconut oil prices on the boil on Onam demand
Wholesale coconut oil prices are ruling at around 260 a kg, while copra prices have moved up to 168 a kg in Kerala
TCS shares fell nearly 4% after N Chandrasekaran resigned as Tata Sons chairman, wiping 35,000 crore from its market value. Analysts called the reaction knee-jerk, while technical indicators point to support near 2,0002,300 and resistance at 2,6702,700.
Lenskart Q1 Results: Profit zooms 182% YoY to Rs 228 crore; revenue up 34%
Lenskart Solutions reported a 182.3% YoY jump in Q1 FY27 profit to Rs 228 crore, while revenue rose 33.6% to Rs 2,214 crore. EBITDA increased 61.3% to Rs 589 crore, with margins expanding and product margin crossing 70% for the first time.
Parag Parikh Flexi Cap Fund hikes stakes in HCL Tech, Maruti Suzuki in July. Check details
PMS Bazaar collaborates with NSDL arm for accredited investor certification
Collaboration aims to make accredited investor certification simpler, faster, and more accessible through end-to-end assistance
Tata Motors CV Q1 Results: Commercial vehicle major Tata Motors on Wednesday reported a net profit of Rs 2,560 in the first quarter of financial year 2027, marking a jump of 83.3% from Rs 1,397 crore reported in the same period last year.
Rupee nudges up on RBI intervention; investors eye inflation data
The Indian rupee finished the day marginally higher, propelled by ongoing tensions in the Middle East. Continuous interventions from the central bank have provided support against the U.S. dollar. Traders remain watchful as critical inflation data from India and the U.S. approaches. Throughout August, the central bank has actively engaged in the foreign exchange market. Attention is now on forthcoming inflation reports that could influence future monetary policy decisions.
Investcorp-backed NDR InvIT Trust files draft paper with Sebi for Rs 750 crore IPO
NDR InvIT Trust filed draft papers for a Rs 750 crore IPO to transition from private to public. The funds will support acquiring warehousing assets, aiming to strengthen and diversify its logistics portfolio across major Indian markets.
PI Industries plunges 10%, hits 52-week low on disappointing Q1 results
The average trading volume at the PI Industries counter jumped over nine-fold with a combined 2.1 million equity shares changing hands on the NSE and BSE till 02:58 PM on Wednesday.
Nifty India FPI 150: How the new NSE index tracks foreign investibility
NSE's Nifty India FPI 150 selects 150 liquid Nifty 500 stocks using foreign-investible free-float market capitalisation, creating a basket of stocks accessible to overseas investors
Sensex vs KOSPI: Does Indias sector diversity offer an edge over South Koreas chip-heavy index?
South Korea's KOSPI index experienced a significant decline and subsequent recovery, highlighting its heavy reliance on semiconductor companies like Samsung and SK Hynix. Does India's Sensex have a diversification edge?
Horizon Industrial Parks' 2,600 cr IPO to open Aug 17 at 57-60 price band
Blackstone-backed Horizon Industrial Parks Ltd will open its Rs 2,600 crore Initial Public Offering (IPO) for subscription on August 17, with the price band fixed at Rs 57-60 per share. At the upper price band, the IPO implies a post-issue market capitalisation of around Rs 17,298 crore. The three-day public issue will close on August 19, and anchor investor bidding will take place on August 14, according to a public announcement. The issue comprises entirely a fresh issue of equity shares aggregating up to Rs 2,600 crore, with no Offer For Sale (OFS) component. Of the IPO proceeds, the company plans to use Rs 2,250 crore to repay borrowings and the rest for general corporate purposes. As of March 2026, the firm had total borrowings of Rs 6,884 crore. Blackstone holds around 89 per cent stake in the company, as per the Red Herring Prospectus (RHP). Asheesh Mohta, Head of Real Estate India at Blackstone, said this also marks Blackstone's 15th IPO in the country, and 7th real esta
Groww adds over 70,000 active clients in July: NSE data
Growws active client base rose to 1.312 crore, taking its market share to 28.88% from 28.72% in June
Five largecap mutual funds delivered strong three-year annualised returns of 13.414.5%, led by Taurus and Invesco. Meanwhile, five laggards posted single-digit annualised gains ranging from 7.7% to 9%.
Bitcoin near $64,000 as crypto markets turn cautious ahead of US CPI. Here is what expert say
Bitcoin hovered near $64,000 as investors remained cautious ahead of US CPI data, with the broader crypto market largely subdued. Analysts flagged weak short-term momentum below key resistance levels, while Ethereum showed relative strength. Bitcoins immediate support lies around $63,000$63,200, with sustained buying above $64,500 needed to signal a stronger recovery.
Marksans Pharma shares rally over 9% after Q1 profit spikes 174% YoY to Rs 159 crore
Marksans Pharma shares surged after Q1FY27 profit jumped 174% YoY to Rs 159 crore. Revenue rose 35.6% to Rs 841 crore, while EBITDA hit a record Rs 213 crore, driven by strong growth in its UK and Europe formulation businesses.
Global Market: Euro zone bond yields dip ahead of US CPI, heavy debt supply
Euro zone government bond prices edged higher as investors remained cautious ahead of key U.S. inflation data and a heavy pipeline of new bond supply. Renewed tensions in the Middle East and rising oil prices added to inflation concerns, while German Bund yields eased. Markets also remained focused on upcoming bond auctions and the outlook for interest rates.
18K cr bet! Retail investors bet on Infosys, TCS, Reliance & 3 other falling bluechips
An entrepreneur described India as a 'credit-starved country,' contrasting it with the US banking system, which allows for easier access to loans. Here's what he said.
202% rally in 1 year: Why this multibagger stock zoomed 19% today
TD Power Systems shares have been on a strong run on Dalal Street in recent years. According to NSE data, the stock has more than doubled investors' money in 2026 so far, gaining 122 per cent.
European shares traded largely flat as investors assessed mixed corporate earnings, rising oil prices and renewed geopolitical tensions ahead of key U.S. inflation data. Energy stocks led gains, while automobiles and parts declined. Investors remained cautious amid concerns over inflation, global trade and the outlook for interest rates.
Zetwerk planning to file IPO papers publicly, eyes raising up to $400 mn
The Bengaluru-based company, which confidentially filed for an IPO in March, may submit updated paperwork this week and is likely to begin investor meetings this month
Your child may rewrite their future. Can your financial plan keep up?
Children may change careers, dreams and ambitions as they grow. The real purpose of long-term investing isn't to fund one future, but to give them the financial freedom to choose their own.
Cupid shares jump nearly 9% in two days post Q1 earnings
Cupid shares gained 8.8% in two days after the company reported a threefold rise in Q1 FY27 net profit to Rs 44 crore, while revenue surged 159% YoY to Rs 155 crore. Strong operating performance, margin expansion and a higher FY27 guidance have strengthened the outlook for the stock.
