Sebi has approved IPO proposals of ICICI Prudential AMC, Powerica, Annu Projects and Technocraft Ventures, allowing them to proceed after DRHP review. The issues include OFS, fresh equity, and large fundraising across asset management, power, EPC and infrastructure sectors.Read More

Wall Street’s main indexes opened lower on Monday as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from Federal Reserve Chair Jerome Powell to gauge the central bank’s policy decision later this month.Read More

The rupee sank to a record 89.79 intraday and closed at 89.55 despite heavy RBI intervention. Stop-loss triggers, offshore position unwinding, importer demand and uncertainty over the India–US trade deal added pressure, though the RBI is seen defending the 90 level.Read More

The government will divest up to 6% of its stake in Bank of Maharashtra through an Offer for Sale, aiming to raise approximately Rs 2,600 crore. This move will help the bank meet the minimum public shareholding norm of 25%, bringing the government’s stake below 75%.Read More

Nine BSE 100 stocks climbed to their 52-week highs, touching their best levels in a year. Such breakouts are seen as bullish signals, indicating strong momentum.Read More

Bajaj Finance may offload a 2% stake in Bajaj Housing Finance via a block deal at a 9% discount. The stock remains oversold despite solid Q2 profit, revenue and NII growth, following a weak post-listing performance.Read More

Indian government bonds slipped on Monday, with the benchmark note closing at its lowest in more than two months, as robust economic growth data dimmed rate-cut hopes and as a tumbling rupee added to the pressure.Read More

India’s strong 8.2% Q2 GDP briefly lifted markets to new highs before pharma and financial weakness dragged indices lower. Lenskart, Hyundai, Wockhardt, Hindustan Zinc, Max Healthcare and Whirlpool saw major action driven by earnings, sales updates and sector sentiment.Read More

Gold prices surged on Monday amid global risk-off sentiment and a weakening rupee, with analysts expecting another Rs 2,400 rise this week. LKP Securities says fundamentals remain strong, supported by softer dollar index, Fed uncertainty, and persistent rupee depreciation. Technical charts also signal continued bullish momentum with the buy-on-dips strategy intact.Read More

India’s markets hover near record highs as earnings stabilise and macro indicators strengthen. Baroda BNP Paribas MF’s Jitendra Sriram says financials, pharma, and power utilities will lead the next leg of the rally, while FII selling is set to ease as valuations improve. With GDP strong and policy turning supportive, broader market sentiment is poised...Read More