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Sensex surged 485 points to 84,065, lifting market sentiment as six BSE 100 stocks touched fresh 52-week highs. Strong earnings, bullish broker calls and sustained momentum supported gains in SBI, Tata Steel and other heavyweights.
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This can indicate financial stress or the need for liquidity, as it suggests the promoters are using their shares to secure funding.
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Bajaj Electricals Ltd on Monday reported a consolidated net loss of Rs 34.10 crore for the September quarter of FY26 due to contraction in gross margin and impact from new labour codes.
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Benchmark indices closed higher for a second session as broad-based buying lifted financials. Stocks like SBI, Shipping Corporation and Kalyan Jewellers moved sharply on earnings and corporate developments news.
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Indian towel and bedsheet maker Trident reported a 44% profit fall in the third quarter due to a U.S. tariff-induced export slowdown. Revenue dropped 6%, with bedsheet sales declining by a third. The company is establishing a domestic subsidiary to boost overseas sales, particularly in the United States, following recent trade deal developments.
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Benchmark indices Nifty and Sensex kicked off the week on a strong footing, extending gains for a second straight session on Monday. The rally was led by PSU banks, metals and pharma stocks, with the PSU Bank index emerging as the top gainer, surging 3.34% during the session.
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Domestic mutual funds continued gaining ground over FIIs in December 2025, narrowing the ownership gap to 5.50%. Record MF inflows, persistent SIP investments and declining foreign holdings signal a structural shift toward domestic institutional dominance.
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State Bank of India reported its highest-ever quarterly net profit, surging nearly 25% year-on-year to ₹21,028 crore in the December quarter. This significant growth was boosted by one-time gains from SBI Mutual Fund dividends and foreign exchange benefits, alongside a 9% rise in net interest income.
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Religare Broking on Monday said it has appointed Vijay Kumar Goel as its managing director as the broking firm focuses on scaling its core broking business and expanding wealth product distribution offerings.
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The Indian rupee closed ‍a tad weaker on Monday, ​unable to benefit from a broadly weaker dollar in ⁠the face of corporate demand for the greenback over a trading session that was also marked by technical glitches.
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