News Overview

Indian Bank delivered a strong Q1 FY27 performance with higher profits, improved asset quality, and credit growth exceeding targets. The bank's GNPA declined to 1.86%, while deposits grew 13.5%.

Bank Nifty climbed more than 1% for the second straight session, supported by broad-based gains across banking stocks. The index is approaching the crucial 58,000 resistance level, with a breakout likely to determine its next major move.

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.

Kusumgar IPO's Grey Market Premium (GMP) is ₹159 on 10 July 2026, suggesting an estimated listing gain of nearly 38%. Meanwhile, the IPO has received strong investor interest, with the issue subscribed 28.63 times by Day 2.

Kalyan Jewellers witnessed a remarkable three-day rally, gaining nearly 34% and adding around ₹11,500 crore to its market capitalization. The surge came after Citigroup reiterated its Buy rating and maintained a ₹750 target price, highlighting the company's long-term growth potential despite softer-than-expected quarterly revenue.

Ather Energy shares climbed to a new 52-week high as investors cheered the company's fundraising clarification, 95% year-on-year sales growth in June 2026, and accelerating electric vehicle adoption in India. Strong trading volumes and bullish momentum further supported the stock's rally.

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.

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.

Tata Consultancy Services (TCS) reported a mixed yet stable performance for Q1 FY27, with revenue rising to ₹72,275 crore, net profit at ₹13,349 crore, AI revenue growing 13.6% sequentially, and total contract value reaching $9.5 billion.