Fintech Sector

SBI Funds Management IPO is expected to make a strong market debut as the issue received 41.73 times subscription. With GMP at ₹101, the estimated listing price stands at ₹675, indicating a possible 17.60% gain for investors.

Jio Financial Services delivered a strong Q1 FY27 performance with triple-digit profit growth, higher loan disbursements, and expansion across financial services segments. Despite strong fundamentals, JFSL shares continue to face pressure due to valuation concerns, rising expenses, and weak recent stock performance.

The SBI Funds Management IPO allotment status is expected to be announced after the issue was subscribed 41.73 times. Here's how to check your allotment online, along with the latest GMP, estimated listing price, refund process, and key IPO details.

The National Stock Exchange (NSE) will launch derivatives on the Nifty India FPI 150 Index from August 12 after receiving SEBI approval. The new futures and options contracts are expected to strengthen risk management, improve market liquidity, and provide foreign investors with a diversified benchmark for Indian equities.

Jio Financial Services reported a strong Q1 FY27 performance with consolidated net profit rising 156% year-on-year to ₹830 crore. The company saw robust growth in lending, payments, asset management, and insurance businesses, strengthening its position in India's financial services sector.

Indian benchmark indices ended largely unchanged on July 16, 2026, with IT and Auto stocks supporting the market while Realty and Financial Services lagged. Rising Brent crude prices, fresh US-Iran tensions, weak global cues, and profit booking ahead of the Q1 earnings season kept investor sentiment cautious despite selective sectoral gains.

The Union Cabinet’s latest approvals are set to transform India’s manufacturing landscape. Semicon 2.0 with a ₹1.275 lakh crore outlay, mobile phone manufacturing incentives, urea policy reforms, and railway infrastructure projects are expected to boost semiconductor, electronics, capital goods, fertilizer, and infrastructure sectors. Discover the industries and listed companies likely to remain in focus.

SBI Funds Management IPO GMP today is ₹90 with an estimated listing price of ₹664. The IPO received 4.92x subscription, led by strong NII demand. Read the latest GMP updates, subscription details, and listing expectations.

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.