ST Silverstorm Technologies IPO subscribed 42x on Day 3, GMP jumps to ₹185
The mainboard issue received strong QIB response with the retail portion oversubscribed 18x. Grey market premium indicates a listing pop of ~38%.
HDFC Bank Q1 net profit rises 12% YoY to ₹17,450 crore, beats estimates
Net interest margin held steady at 3.44%. Asset quality improved with GNPA at 1.24%. Management guided for mid-teens loan growth in FY27.
Economic Times·20700d ago EconomyNeutral
RBI holds repo rate at 5.50%, maintains neutral stance amid sticky inflation
MPC voted 5-1 to keep rates unchanged. Governor flagged food price risks but retained FY27 GDP forecast at 7.2%. Bond yields softened 4 bps.
Business Standard·20700d ago Tata Motors JLR sales miss estimates, stock slips 4% on demand concerns
JLR retail volumes fell 6% YoY in Q1 due to weak China demand. Domestic CV business remained resilient with 9% growth.
Infosys wins $1.5B multi-year AI deal with global bank, shares up 2.4%
The deal spans cloud migration, AI-led ops and cybersecurity. Analysts see deal wins as leading indicator for IT sector recovery in H2 FY27.
Bloomberg Quint·20700d ago IPONeutral
SEBI tightens SME IPO norms — minimum application size may double to ₹2 lakh
The regulator proposed stricter disclosure and lock-in rules to curb speculative activity. SME IPO subscriptions have averaged 200x in recent months.
Adani Green commissions 1 GW solar capacity in Rajasthan, tops guidance
Total operational renewable capacity crosses 12 GW. Company reaffirmed 50 GW target by 2030 with ₹2.3 lakh crore capex plan.
Nifty ends 132 pts higher at 26,540; PSU banks, metals lead broad-based rally
Advance-decline ratio at 3:1 on NSE. Midcap index closed at fresh all-time high. FIIs net bought ₹2,140 cr; DIIs bought ₹1,860 cr.
Zomato surges 6% on Blinkit crossing 1,000 dark stores milestone
Quick commerce arm now covers 45 cities. Management targets EBITDA break-even for Blinkit by Q4 FY27.
Bharti Airtel Q1 ARPU rises to ₹221, subscriber additions beat Jio
Consolidated revenue up 15% YoY. Africa business posted margin expansion. Stock hit lifetime high in early trade.
Business Today·20700d ago US Fed signals two rate cuts in 2026, Asian markets open in green
Dow futures up 0.8%, dollar index eased to 102.4. Indian IT and pharma exporters likely beneficiaries; Nifty GIFT indicates gap-up open.