B Financial Services began FY27 on a strong note, reporting a 38% year-on-year jump in net profit to ₹735 crore. Robust loan growth, higher disbursements and steady asset quality helped drive the NBFC's performance during the June quarter.
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B Financial Services began FY27 on a strong note, reporting a 38% year-on-year jump in net profit to ₹735 crore. Robust loan growth, higher disbursements and steady asset quality helped drive the NBFC's performance during the June quarter.
ICICI Prudential Life reported strong Q1 FY27 results with a 28% rise in net profit to ₹386 crore. Growth was supported by higher premiums, strong VNB performance, retail protection growth and improved solvency ratio.
HDFC Asset Management Company (HDFC AMC) reported a strong Q1 FY27 performance with a 12% rise in net profit, higher revenue, robust AUM growth and continued strength in retail investor participation. The company’s quarterly average AUM crossed ₹93 lakh crore, supported by strong equity fund performance and SIP inflows.
Fairfax Financial Holdings, led by billionaire Prem Watsa, has reportedly emerged as the leading bidder to acquire a controlling stake in IDBI Bank. If completed, the $5.5-$5.7 billion transaction would rank among India's largest bank privatisation deals and biggest foreign investments in the banking sector.
Patanjali Foods shares extended losses for a third consecutive session, falling as much as 17% amid heavy trading volumes and fresh short build-up. The company has clarified that there are no undisclosed material events or price-sensitive information behind the sharp decline.
Union Bank of India posted a robust set of Q1 FY27 earnings, with standalone net profit rising to ₹5,332 crore and asset quality improving significantly. The PSU bank's shares traded over 1% higher after the earnings announcement.
Sensex and Nifty ended nearly flat after recovering from sharp early losses. A strong rally in TCS, HCL Tech, and the IT sector offset weakness in FMCG, metals, and defence stocks amid geopolitical concerns and higher crude oil prices.
South Korea’s KOSPI index plunged 8.95% as semiconductor giants SK hynix and Samsung Electronics led a sharp market sell-off. The decline was driven by AI valuation concerns, geopolitical tensions, rising oil prices, and investor profit booking after SK hynix’s US ADR debut.
Indian markets ended sharply higher on July 10, 2026, with Sensex rising 827 points and Nifty gaining 244 points. Strong TCS Q1 FY27 results, a rally in IT stocks, lower crude oil prices, easing volatility, and positive global cues supported investor sentiment. Realty, PSU banks, and financial stocks also witnessed strong buying during the session.
Indian benchmark indices rebounded on July 9, 2026, after the previous session's sharp sell-off. Nifty climbed 80.75 points while Sensex added 238.22 points, supported by strong gains in Realty, PSU Banks, and Consumer Durables. Stable crude oil prices, buying in heavyweight stocks, and Morgan Stanley's positive outlook on Indian equities boosted market sentiment.
Sensex and Nifty ended nearly flat after recovering from sharp early losses. A strong rally in TCS, HCL Tech, and the IT sector offset weakness in FMCG, metals, and defence stocks amid geopolitical concerns and higher crude oil prices.
South Korea’s KOSPI index plunged 8.95% as semiconductor giants SK hynix and Samsung Electronics led a sharp market sell-off. The decline was driven by AI valuation concerns, geopolitical tensions, rising oil prices, and investor profit booking after SK hynix’s US ADR debut.
Indian markets ended sharply higher on July 10, 2026, with Sensex rising 827 points and Nifty gaining 244 points. Strong TCS Q1 FY27 results, a rally in IT stocks, lower crude oil prices, easing volatility, and positive global cues supported investor sentiment. Realty, PSU banks, and financial stocks also witnessed strong buying during the session.
Indian benchmark indices rebounded on July 9, 2026, after the previous session's sharp sell-off. Nifty climbed 80.75 points while Sensex added 238.22 points, supported by strong gains in Realty, PSU Banks, and Consumer Durables. Stable crude oil prices, buying in heavyweight stocks, and Morgan Stanley's positive outlook on Indian equities boosted market sentiment.
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