News Overview

Waterways Leisure Tourism shares listed at a discount of up to 15% on NSE, with continued post-listing decline despite moderate IPO subscription and anchor investor participation.

Reliance Power shares jumped up to 18% intraday as the company’s AI expansion plans boosted sentiment, even as weak earnings and long-term declines persist.

Knack Packaging IPO worth ₹439.50 crore opens on July 1, 2026, with strong financial growth, global presence, and moderate GMP indicating expected listing gains of 10–16%.

Advit Jewels debuted strongly on the NSE SME platform with a 35% listing gain over its IPO price, but later saw volatility and profit booking, though it still trades significantly above its issue price.

Kotak Mahindra Bank is acquiring Deutsche Bank India’s retail banking, private banking, and wealth management business, strengthening its position in affluent banking and expanding its customer and AUM base significantly.

Yes Bank has approved raising up to ₹16,000 crore through equity and debt to strengthen its capital position and fuel future growth. Despite maintaining a healthy capital adequacy ratio, the bank is proactively enhancing its financial flexibility while capping shareholder dilution at 10%.

The Advit Jewels IPO allotment status can be checked online on the NSE and BSE portals using your PAN or application number. Here's a step-by-step guide to help investors verify whether shares have been allotted.

Asian equities ended mixed as China and Hong Kong rebounded on lower oil prices, Japan edged higher, South Korea slipped slightly, and India fell below the 24K mark amid profit-taking and global uncertainty.

Dr. Reddy's Laboratories surged to a new 52-week high as optimism over its biologics pipeline, manageable USFDA observations, new product launches, and strong sector-wide momentum boosted investor confidence. Positive brokerage commentary and expectations of long-term earnings growth further strengthened the stock's rally.

The Indian stock market ended in the red on June 29, 2026, as renewed US-Iran tensions, higher crude oil prices, and profit booking weighed on investor sentiment. Nifty slipped to 23,946 while Sensex lost 372 points. Pharma stocks emerged as the top performers on biosimilar and export optimism, whereas Auto, IT, and Cement sectors witnessed broad-based selling amid cautious global cues.