Anoop Vijaykumar, Head-Equities at Capitalmind AMC, said the investment firm has limited exposure to IT because of uncertainty around AI’s impact on earnings and business models. He said large-cap IT offers better valuation comfort than midcaps, while select mid-sized private banks remain attractive due to steady loan growth and reasonable valuations. Vijaykumar also advised caution…
Tata Motors Ltd. on Wednesday reported a 35% year-on-year increase in total commercial vehicle sales for June, aided by strong growth in both domestic and international markets. Domestic commercial vehicle sales rose 31% to 36,599 units in June from 27,936 units a year earlier. International business sales surged 83% to 4,206 units from 2,302 units,…
Domestic equity benchmarks rebounded on Wednesday, snapping a two-day losing streak as buying in heavyweight financials, Reliance Industries and automobile stocks helped offset continued weakness in the information technology pack. The Sensex advanced 444 points to close at 76,923, while the Nifty 50 gained 140 points to reclaim the 24,000 mark, ending the session at…
Karnataka Bank on Wednesday, July 1, reported a 16.59% year-on-year (YoY) increase in gross advances to ₹86,590.11 crore as of June 30, 2026, according to its provisional business update filed with the exchanges. Total deposits rose 6.94% YoY to ₹1,10,411.54 crore, while CASA (Current Account and Savings Account) deposits increased 12.46% YoY to ₹35,802.48 crore….
Gold is set for a pivotal second half of 2026, with its trajectory likely to be shaped by geopolitical developments, interest rates and investor sentiment, according to the World Gold Council’s (WGC) Gold Mid-Year Outlook 2026, released on Wednesday. The precious metal recorded more than 12 all-time highs in the first half of the year,…
V2 Retail Ltd reported a strong business update for the first quarter of FY27, with standalone revenue rising 58% year-on-year to ₹997 crore, compared with ₹630 crore in the corresponding quarter of the previous financial year. The company said the performance reflected the strength of its growth strategy, operational execution and customer demand. The value…
US stocks closed mixed-to-higher on Wednesday as investors weighed Federal Reserve Chair Kevin Warsh’s remarks that inflation risks had eased in recent weeks, even as he declined to provide any forward guidance on the interest-rate path and outlined a sweeping review of central bank operations. The Dow Jones Industrial Average rose 0.54%, while the S&P…
Pharmaceutical company Lupin Ltd on Wednesday, July 1, said the European Medicines Agency (EMA) has approved an expansion of the marketing authorisation for NaMuscla, allowing its use in pediatric patients with non-dystrophic myotonic disorders (NDM). The approval, supported by the Pediatric Investigation Plan (PIP), includes two new capsule strengths of 62 mg and 83 mg,…
Tamilnad Mercantile Bank Ltd. reported a healthy business update for the quarter ended June 30, 2026, with strong growth in both deposits and advances, driven by sustained lending momentum. According to the bank’s provisional business figures, total business rose 23% year-on-year to ₹1.22 lakh crore as of June 30, 2026, from ₹98,923 crore a year…
Announcing the launch, Ashutosh Singh, MD & CEO, BSE Index Services, said, “This is the first index in the industry which gives focused exposure to India’s yield-generating real estate ecosystem. It combines listed REITs with companies having significant commercial real estate assets and rental income streams… with a 20 per cent cap on individual constituents…
