News Overview

Bank of Maharashtra posted a robust Q1 FY27 with a 26.8% jump in net profit and healthy loan growth. While asset quality remained stable, the bank reported a decline in net interest margin and a rise in fresh slippages.

ONGC has approved a 1.75 million metric tonne Strategic Petroleum Reserve project at Mangalore, Karnataka, marking a major step toward enhancing India’s energy security and reducing dependence on global crude supply disruptions.

Adani Group shares traded higher on Friday, led by Adani Total Gas, Adani Green Energy and Adani Enterprises. The rally was supported by positive business updates, clean energy expansion and investor confidence.

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.