Financial Sector

The SBI Funds Management IPO opened on July 14, 2026, with the latest Grey Market Premium (GMP) slipping to ₹92 per share. Here's the latest GMP, expected listing price, potential listing gains, and why the IPO remains in focus.

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.

The SBI Funds Management IPO has been revised to ₹9,812.90 crore after promoters sold a portion of their stake to institutional investors through a pre-IPO placement. Here's why the issue size changed, who invested, and what retail investors should know before applying.

Anand Rathi Wealth touched a new 52-week high of ₹2,176.20 following a strong Q1 FY27 performance. The company reported a 73.6% YoY rise in consolidated profit, revenue growth, and crossed ₹1 lakh crore in Assets Under Management (AUM). Strong wealth management expansion and investor confidence supported the stock’s continued momentum despite margin pressure.

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.

CDSL shares gained more than 5% on July 10 after announcing a ₹20 crore investment in India International Bullion Holding IFSC Ltd (IIBHL). The strategic move expands its presence in GIFT City and opens a new growth avenue in the bullion ecosystem.

SBI Funds Management IPO GMP on 10 July 2026 is ₹90, suggesting an estimated listing price of ₹664. Here's the latest GMP, expected listing gain, IPO schedule, price band, and other key details ahead of the public issue.

The ₹11,692.91 crore SBI Funds Management IPO opens for subscription on July 14, 2026. Backed by SBI and Amundi, the country's largest AMC has reported strong financial growth and a healthy grey market premium ahead of listing.

Indian benchmark indices witnessed a broad-based sell-off on July 8, 2026, with the Nifty 50 and Sensex declining more than 2% as renewed US-Iran tensions, soaring crude oil prices, a weaker rupee, and rising market volatility dented investor sentiment. Banking and financial stocks led the decline, while most sectoral indices ended deep in the red amid growing geopolitical uncertainty.

The Indian stock market extended its rally on July 6, 2026, with the Nifty and Sensex closing higher, driven by HDFC Bank's strong Q1 FY27 business update, falling Brent crude prices, sustained FII inflows, and positive global sentiment. Realty, Auto, and Oil & Gas outperformed, while IT, PSU Banks, and Media witnessed profit booking ahead of the earnings season.