News Overview

Kusumgar's ₹650 crore IPO is now open for subscription. The engineered fabrics manufacturer has fixed a price band of ₹398–₹419 per share and is attracting strong grey market interest. Here's everything investors need to know, including GMP, financials, key dates and business outlook.

Knack Packaging made a solid stock market debut, listing at ₹188 against its IPO price of ₹170, delivering a 10.6% gain to investors. While the listing reflects confidence in the company's fundamentals, the stock continues to trade below the valuation of listed peers. Here's what the listing means, whether the stock is still fairly valued, and the key factors investors should monitor going forward.

Bank of Baroda has ended its legal dispute with NMC Health through a $600 million settlement, closing years of litigation in the UAE and the UK. While the move removes legal uncertainty, analysts expect the one-time payout to weigh on Q1 FY27 earnings. Here's a detailed look at the settlement, financial impact, business performance, and what investors should watch next.

The Kospi index fell more than 8% on Tuesday, prompting the Korea Exchange to activate a market-wide circuit breaker after an earlier sell-side sidecar. The trading halts were introduced to curb extreme volatility and stabilise South Korea's stock market amid heavy selling pressure.

Apollo Micro Systems' shares dropped nearly 6% after the board approved raising ₹3,322 crore through preferential equity shares and convertible warrants. While dilution concerns weighed on the stock, the company remains well-positioned to benefit from India's ₹52,000 crore defence procurement programme.

Titan shares rallied 4% after the company reported a strong Q1 business update, with consumer business growing 41% YoY. Robust jewellery demand, 128% international growth, expansion of 77 new stores, and the CaratLane acquisition strengthened investor confidence in the company's long-term growth outlook.

Trent Ltd's shares plunged over 10% after the Tata Group retailer reported 19% YoY revenue growth in Q1 FY27, falling short of analyst estimates. Investors are concerned about slowing store productivity, moderating same-store sales and rising competition despite aggressive expansion.

The Indian rupee has weakened amid persistent US dollar strength, corporate dollar demand, and arbitrage activity between onshore and offshore markets. While lower crude oil prices and RBI intervention have limited the decline, investors remain focused on upcoming Federal Reserve decisions and US inflation data to gauge the rupee's next move.

Global markets were mixed as lower oil prices following OPEC+'s production increase supported sentiment, while geopolitical developments surrounding Iran and the upcoming NATO summit kept investors cautious. In India, HDFC Bank's robust Q1 FY27 business update boosted banking stocks, while China's AI investment wave and easing crude prices remained key themes influencing global markets.

Cupid Ltd shares surged to a fresh 52-week high of ₹214.00, driven by a ₹127.5 crore block deal, an upgraded FY27 revenue outlook, and expectations of record Q1 FY27 revenue. Strong export demand, a long-term global supply agreement, and growth in its domestic consumer wellness business further strengthened investor confidence.