Financial Sector

Groww shares have corrected sharply following a massive block deal and post-IPO lock-in expiry fears. However, the decline appears largely technical, while the company continues to report strong revenue growth, rising market share, and a significant profitability turnaround.

Indian benchmark indices closed range-bound on May 7, 2026, with Nifty ending flat at 24,326 and Sensex slipping 114 points. Defence and Auto stocks outperformed on easing crude oil prices and strong earnings momentum, while IT, FMCG, and Consumer Durables witnessed profit booking amid geopolitical uncertainty and mixed Q4 results.

CAMS delivered a strong Q4 FY26 performance with double-digit growth in profit, revenue, and EBITDA, alongside record margins. The company also announced a 1:5 stock split and ₹4 dividend, boosting investor sentiment amid rising SIP inflows and expanding market share.

Banking and life insurance stocks came under pressure after the RBI proposed tighter rules on bundling insurance with loans. The move could slow sales of high-margin credit protection policies, potentially affecting insurers’ profitability and banks’ commission income.

A Strong Week – Driven By Broad-Based Rally

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