News Overview

The Indian Rupee has swung between record lows and sharp recoveries in 2026 as geopolitical tensions, crude oil prices, RBI intervention, and foreign investor flows continue to shape the currency's outlook.

Goodluck India touched a fresh 52-week high of ₹2,176.20 after its board approved a 2:1 bonus issue. Strong financial performance, growth in the defence business, and healthy trading volumes further supported the rally.

Bajaj Consumer Care touched a 52-week high of ₹692 after posting record Q1 FY27 results. Strong revenue growth, higher margins, robust brand performance, and improving international business boosted investor confidence.

Sensex and Nifty ended nearly flat after recovering from sharp early losses. A strong rally in TCS, HCL Tech, and the IT sector offset weakness in FMCG, metals, and defence stocks amid geopolitical concerns and higher crude oil prices.

India’s CPI inflation increased to 4.38% in June, crossing the RBI’s 4% target due to rising food and fuel prices. Weak monsoon trends, crude oil prices, and global tensions remain key inflation risks.

South Korea’s KOSPI index plunged 8.95% as semiconductor giants SK hynix and Samsung Electronics led a sharp market sell-off. The decline was driven by AI valuation concerns, geopolitical tensions, rising oil prices, and investor profit booking after SK hynix’s US ADR debut.

Kusumgar IPO received massive investor demand with 135.80x subscription. Check Kusumgar IPO allotment status online, latest GMP trend, estimated listing price, and expected listing gains before the shares debut on the stock exchanges.

Puravankara's stock jumped nearly 15% after a strong Q1 FY27 business update. The real estate developer reported higher sales, improved pricing, strategic asset monetization, new land deals worth ₹5,200 crore GDV, and maintained its FY27 sales target of ₹11,200 crore.

TCS led a strong rally in IT stocks after announcing a multi-million-dollar AI-powered network transformation deal with ABB and a major leadership reshuffle. Supported by strong quarterly earnings and AI optimism, the NIFTY IT index surged over 4%, with all major IT stocks trading higher.

The SBI Funds Management IPO has been revised to ₹9,812.90 crore after promoters sold a portion of their stake to institutional investors through a pre-IPO placement. Here's why the issue size changed, who invested, and what retail investors should know before applying.