Indian equity benchmarks ended higher on Tuesday. Buying momentum supported the market. Analysts see immediate support at 23,400–23,450 and resistance at 23,700–23,750. India VIX declined sharply. Foreign portfolio investors were net sellers, while domestic institutional investors were net buyers. The rupee declined to an all-time low against the US dollar.Read More
Adar Poonawalla-backed Svasti Microfinance secured ₹47.5 crore from key investors, including Abler Nordic and Rajiv Dadlani Group. This funding, a mix of equity and debt, will fuel expansion of its loan portfolio, bolster digital infrastructure, and broaden product offerings beyond joint liability loans. Svasti targets ₹1,400 crore in assets under management by March 2027.Read More
Purvah Green, an RP Sanjiv Goenka Group company, has withdrawn its ₹5,750 crore bid for GVK Energy, citing uncertainties from the Gulf war. The decision follows a broader trend of cost rationalization and strategic reshaping due to the geopolitical situation. Adani Group had submitted the second-highest offer of ₹5,725 crore.Read More
The currency market’s carry trade strategy is seeing its best returns in three years. Rising oil prices, triggered by the Iran war, are boosting this approach. Traders are borrowing in countries with low interest rates, like Japan, and investing in economies benefiting from higher energy costs. This strategy is performing well even as other global assets face volatility.Read More
State Bank of India successfully raised ₹6,051 crore through its second Tier 2 bond issuance for the financial year. The bonds carry a coupon rate of 7.05% and have a 10-year tenor with a call option after five years. The issue attracted significant interest from 47 institutional investors, with bids received twice the base issue size.Read More
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