Category: Corporate

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Corporate

Sensex climbs 300 points, Nifty trades above 24,500

Equity indices traded with modest gains on Tuesday as investors remained optimistic amid easing crude oil prices, sustained foreign institutional buying and positive global cues. The upbeat sentiment helped extend the market’s recent winning streak, with both the Sensex and Nifty staying comfortably in positive territory through the session.

The BSE Sensex climbed over 250 points during morning trade to reclaim the 78,500 level, while the NSE Nifty moved above 24,500. Buying interest was largely concentrated in information technology, financial and select metal stocks, although profit booking in a few heavyweight counters capped sharper gains.

IT shares emerged as the biggest support for the market after recent underperformance. Infosys and TCS featured among the top gainers, supported by fresh buying ahead of the earnings season. Other notable gainers included HCLTech, Tech Mahindra and Hindalco, reflecting improved investor confidence in technology and metals.

On the losing side, Trent came under sharp selling pressure after disappointing investors with its latest business update. Kotak Mahindra Bank also remained under pressure, while Bajaj Finserv, Coal India and Max Healthcare traded lower, limiting broader market gains.

Market participants continued to monitor foreign institutional investor (FII) activity, which has remained supportive in recent sessions. Softer crude oil prices also boosted sentiment by easing concerns over inflation and India’s import bill. Analysts believe stable global markets and improving domestic liquidity have encouraged investors to selectively accumulate quality stocks.

Also Read: HDFC Bank rises over 2% on Q1 update

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Corporate

HDFC Bank rises over 2% on Q1 update

Shares of HDFC Bank climbed more than 2% on Monday after the country’s largest private sector lender reported a stronger-than-expected business update for the April-June quarter of FY27. The upbeat numbers reassured investors about the bank’s steady growth, helping the stock outperform the broader market.

HDFC Bank reported gross advances of around ₹27.3 lakh crore as of June 30, marking a 12.7% year-on-year increase. On a sequential basis, loans grew by about 2.5%, reflecting healthy credit demand across segments.

The bank also posted strong growth in deposits. Total deposits rose 16.2% from a year ago to nearly ₹28.1 lakh crore, while quarterly growth stood at around 5.1%. The improvement was driven by higher customer deposits and continued focus on strengthening the bank’s funding base.

One of the biggest positives was the rise in CASA (Current Account and Savings Account) deposits, which increased to about ₹9.8 lakh crore. Although the CASA ratio remained under pressure at around 34.9%, analysts said the steady improvement in low-cost deposits was encouraging.

Investors welcomed the update as it suggested that HDFC Bank continues to deliver stable growth despite a challenging interest rate environment and intense competition in the banking sector. The strong deposit growth also eased concerns over funding costs following the bank’s merger with HDFC Ltd.

The positive business update lifted market sentiment, with HDFC Bank emerging among the top gainers on the benchmark indices during Monday’s trading session. Banking stocks also received support after several private lenders reported healthy quarterly business numbers.

Also Read: Centre orders Meta to remove CSAM Ads

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Corporate

Sensex gains 521 points, Nifty tops 24,400

Indian benchmark indices extended their winning streak for a fourth straight session on Monday, supported by strong buying in banking stocks and positive investor sentiment. The BSE Sensex climbed 521.16 points to close at 78,285.07, while the NSE Nifty50 gained 159.50 points to settle at 24,430.35, crossing the 24,400 mark for the first time in nearly 10 weeks.

Banking stocks led the rally after several private lenders reported healthy business updates for the April-June quarter. HDFC Bank, Axis Bank, IndusInd Bank and Bandhan Bank were among the top gainers after reporting steady loan and deposit growth. Realty and metal stocks also witnessed strong buying, adding to the market’s momentum.

On the other hand, Kotak Mahindra Bank emerged as one of the top losers after its quarterly business update fell short of market expectations. Information technology stocks also remained under pressure as investors stayed cautious ahead of the upcoming earnings season.

The broader market remained positive as easing crude oil prices, a favourable monsoon and renewed buying by foreign institutional investors (FIIs) boosted confidence. Analysts said these factors have improved expectations for inflation and economic growth, encouraging investors to increase their exposure to equities.

Among the sectoral indices, Bank Nifty outperformed the broader market, while the realty index also posted strong gains. Stocks such as Godrej Properties, Oberoi Realty and Lodha Developers advanced sharply during the session.

Also Read: Standard Chartered trims India branches

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Corporate

Sensex gains over 300 points, Nifty tops 24,300

Markets opened the week on a strong note, extending their winning streak for the fourth consecutive session as positive domestic cues and sustained foreign fund inflows lifted investor sentiment. The BSE Sensex surged more than 300 points in early trade, while the NSE Nifty climbed above the 24,300 mark, driven by broad-based buying in heavyweight stocks.

Banking and financial shares led the rally, with HDFC Bank emerging as one of the biggest gainers after reporting robust business updates for the June quarter. Reliance Industries, Bajaj Finance, Axis Bank and ICICI Bank also traded higher, providing strong support to the benchmark indices. The gains in these heavyweight stocks helped offset weakness in a few sectors and kept the broader market firmly in positive territory.

On the other hand, Trent, Kotak Mahindra Bank, Titan Company, Asian Paints and Sun Pharma featured among the top losers during the morning session, witnessing profit booking after recent gains. Despite the decline in these counters, buying in banking and select large-cap stocks ensured the market remained comfortably in the green.

Investor confidence was boosted by the revival of the southwest monsoon after a brief slowdown. Improved rainfall has eased concerns over agricultural output and rural demand, strengthening expectations of healthy economic activity in the coming months. Adding to the positive mood, foreign institutional investors (FIIs) continued to remain net buyers, reflecting renewed confidence in Indian equities.

Market experts believe the combination of improving monsoon conditions, resilient domestic fundamentals and steady foreign investment flows is supporting the ongoing rally. Expectations of healthy corporate earnings and stable macroeconomic indicators have also encouraged investors to increase exposure to equities.

Also Read: PM Modi launches mega Rajasthan projects

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Corporate

Maersk orders 1,000 India-made containers from DCM Shriram

Global shipping giant Maersk has placed an order for 1,000 Made-in-India shipping containers with the DCM Shriram Group, marking a major boost for the country’s efforts to build a strong domestic maritime manufacturing ecosystem.

The order comes soon after the launch of India’s first locally manufactured export-import (EXIM) shipping container, signalling growing international confidence in the country’s ability to produce world-class logistics equipment. The containers will be manufactured at DCM Shriram’s facility using global quality and safety standards required for international shipping.

For years, India has relied heavily on imported containers to support its export and import trade. The latest order is expected to reduce that dependence while helping establish a domestic manufacturing base capable of serving both Indian and overseas markets.

Maersk’s decision is being viewed as a significant endorsement of Indian manufacturing. The company has worked closely with DCM Shriram, providing technical guidance to ensure the containers meet international operational and durability standards. The partnership is expected to pave the way for more collaborations between global shipping companies and Indian manufacturers.

Officials say the project is an important milestone for India’s maritime sector and demonstrates the country’s growing capability to manufacture products that meet global benchmarks. It also reflects increasing confidence among multinational companies in India’s industrial capacity.

The initiative aligns with the government’s focus on promoting domestic manufacturing and improving self-reliance in critical infrastructure. A stronger local container manufacturing industry could help exporters by improving availability, reducing supply disruptions and lowering logistics costs over time.

Also Read: UAE oil exports rebound despite Gulf tensions

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Corporate

ITC launches sugar-free cola

ITC has stepped into India’s cola market with the launch of Sunfeast Sip N Fizz, a sugar-free carbonated drink made with tender coconut water. The launch marks the company’s entry into the fast-growing cola segment as it expands its beverages portfolio with healthier and premium offerings.

The new drink combines the familiar taste of cola with the goodness of tender coconut water, targeting consumers who want a refreshing beverage without added sugar. Priced at ₹60 for a 250-ml can, the product is being introduced through quick-commerce platforms before a wider rollout across the country.

With Sip N Fizz, ITC is entering a market dominated by global players Coca-Cola and PepsiCo, while also joining Indian brands that are looking to strengthen their presence in the soft drinks category. However, instead of competing on price, the company is focusing on innovation and premium positioning.

ITC says it plans to expand the Sip N Fizz range with more flavours, formats and pack sizes in the coming months as it looks to tap the growing demand for healthier beverages.

The launch is part of the company’s broader strategy to strengthen its FMCG business by introducing products that match changing consumer preferences. In recent years, ITC has expanded its beverage portfolio with fruit-based drinks, coconut water and protein beverages under brands such as Sunfeast and B Natural.

Also Read: DMart slides 5% as Q1 disappoints

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DMart slides 5% as Q1 disappoints

DMart shares fell nearly 5% on Thursday after the supermarket chain’s first-quarter business update failed to impress investors. While the company continued to grow its sales, the pace was slower than what the market had expected, triggering a sell-off in the stock.

Avenue Supermarts, which owns and operates DMart stores, reported standalone revenue of ₹18,343.49 crore for the quarter ended June 30, up 15.1% from ₹15,932.12 crore a year earlier. During the quarter, the retailer opened three new stores, taking its total network to 503 outlets.

Although the numbers reflected steady growth, analysts said they fell short of expectations. Investors were also disappointed by the slower pace of store expansion, raising concerns about the company’s near-term growth.

Several brokerages maintained a cautious view after the update. Goldman Sachs retained its ‘Sell’ rating, saying revenue growth remained weaker than expected despite favourable pricing trends in the FMCG sector. Macquarie also continued with its ‘Underperform’ rating, pointing to slower sales growth and fewer store additions than anticipated.

Morgan Stanley said the softer revenue performance could weigh on the stock in the near term, while HSBC kept its ‘Reduce’ rating after the company missed estimates. UBS, however, remained positive on the long-term story, retaining its ‘Buy’ rating despite describing the quarter as subdued.

DMart has long been regarded as one of India’s strongest retail success stories, known for its value-driven business model and loyal customer base. However, the company is now facing increasing competition from quick-commerce platforms and changing consumer spending patterns, making growth more challenging.

Also Read: Parle Products plans $1 bn IPO

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Corporate

Parle Products plans $1 bn IPO

Parle Products is preparing to take its nearly century-old business to the stock market with an initial public offering (IPO) that could raise more than $1 billion. The proposed issue is expected to value the company at over $10.5 billion (around ₹1 lakh crore), making it one of the biggest IPOs by an Indian FMCG company.

The company has appointed Kotak Mahindra Capital, Axis Capital and HSBC Securities to manage the proposed public issue. It is also looking to add another investment bank to the advisory team as it moves ahead with the listing process. The IPO is still in the early stages, and its final size and timeline will depend on market conditions.

Parle Products has not officially confirmed its listing plans. The company has said it remains focused on growing its business and continues to evaluate opportunities that can support its long-term expansion.

For FY25, Parle Products reported operational revenue of ₹15,568.49 crore, up 8.5% from the previous year. Net profit, however, declined 39% to ₹979.53 crore.

Founded in 1929, Parle Products is one of India’s best-known food companies. Its portfolio includes household brands such as Parle-G, Monaco, KrackJack, Hide & Seek, Melody and Mango Bite. Over the years, it has also expanded into categories such as cakes, rusk, atta and breakfast cereals.

The company has built a strong presence beyond India, exporting its products to several countries while operating manufacturing facilities across Africa, Asia and North America.

Also Read: Meta’s AI glasses get subscription tier

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Corporate

Sensex jumps 500 points, Nifty closes above 24,300

The markets ended the week on a strong note, with benchmark indices posting solid gains as investors cheered robust buying in technology, financial and infrastructure stocks.

The BSE Sensex surged 541 points to close at 80,792, while the NSE Nifty50 climbed 168 points to settle above the 24,300 mark. Positive global cues, steady foreign investor interest and optimism around corporate earnings supported the market throughout the session.

Technology stocks led the rally after HCLTech announced a $1.14-billion artificial intelligence deal with a Europe-based Fortune Global 50 company. The announcement boosted investor sentiment, helping IT shares outperform the broader market.

Among the day’s top gainers were HCLTech, Adani Enterprises, Infosys, Tech Mahindra and Power Grid Corporation. Adani Enterprises also remained in focus after expanding its Qualified Institutional Placement (QIP) from ₹10,000 crore to ₹15,000 crore following strong institutional demand.

On the other hand, Trent, Tata Consumer Products, Titan Company, Asian Paints and Nestlé India were among the major laggards, as investors booked profits in select consumer-facing stocks.

Broader markets also ended in positive territory, with the Nifty Midcap and Smallcap indices registering gains, reflecting improved investor confidence beyond frontline stocks.

Market participants said easing concerns over global crude oil prices and expectations of stable domestic economic growth continued to support buying interest. Investors also remained optimistic ahead of the upcoming corporate earnings season, hoping for healthy quarterly results from major companies.

Trading volumes remained healthy as investors increased exposure to sectors expected to benefit from rising technology spending and infrastructure investments.

Also Read: PM Modi, Japan PM inaugurate Maruti’s Kharkhoda plant

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Corporate

Adani Enterprises raises QIP size to ₹15,000 cr

Adani Enterprises has increased the size of its Qualified Institutional Placement (QIP) from ₹10,000 crore to ₹15,000 crore after receiving an overwhelming response from institutional investors, underlining strong confidence in the company’s growth strategy.

The flagship company of the Adani Group attracted bids worth nearly ₹38,000 crore, making the issue about 3.8 times oversubscribed. Encouraged by the strong demand, the company decided to raise an additional ₹5,000 crore through the share sale, making it one of the largest QIPs by an Indian company in recent years.

The institutional share sale was offered at an indicative price of ₹2,883 per share, representing a discount to the prevailing market price, a common practice in such fundraising exercises to attract large investors.

A Qualified Institutional Placement allows listed companies to raise capital from institutional investors such as mutual funds, insurance firms, pension funds and foreign portfolio investors without launching a public issue. The route is widely used by companies seeking to raise funds quickly for expansion and business growth.

The fresh capital will help Adani Enterprises strengthen its balance sheet while supporting investments across its fast-growing businesses. The company has been expanding aggressively in sectors such as airports, roads, data centres, green hydrogen, renewable energy and manufacturing, all of which require significant long-term investments.

The strong investor participation is seen as a vote of confidence in the company’s future prospects despite market volatility over the past few years. Analysts believe the successful fundraising demonstrates continued institutional appetite for large infrastructure and energy-related businesses with long-term growth potential.

The announcement also comes at a time when Indian companies are increasingly tapping capital markets to finance expansion amid rising investment opportunities across infrastructure, clean energy and digital businesses.

While Adani Enterprises shares witnessed some movement after the pricing details were announced, market experts said such fluctuations are common following QIP launches. They added that discounted pricing is a standard feature aimed at encouraging participation from institutional investors.

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