Market News

Triveni Engineering Q4 profit declines but FY26 shows 12.8% growth

Triveni Engineering & Industries reported Q4 FY26 consolidated net profit of Rs 167.4 crore, down from Rs 187.1 crore year-over-year, though full-year FY26 net profit rose 12.8% to Rs 268.7 crore on revenue growth of 11.9%. The results incorporate the amalgamation of Sir Shadi Lal Enterprises effective April 1, 2025.

Triveni Engineering Q4 profit declines; FY26 full-year profit up 12.8%

Triveni Engineering & Industries reported consolidated net profit of Rs 167.4 crore in Q4 FY26, down from Rs 187.1 crore year-over-year, though full-year FY26 net profit rose 12.8% to Rs 268.7 crore with revenue growth of 11.9%. The results reflect the integration of Sir Shadi Lal Enterprises, which became effective from April 1, 2025.

Zara India profit falls 32% to Rs 204 crore in FY26

Zara's India operations reported a 31.9% decline in profit to Rs 204.14 crore for FY26, accompanied by a slight revenue decrease, as parent company Trent Ltd reduced its stake in the joint venture. The contraction contrasts with growth reported by another joint venture, Massimo Dutti, operating in the same market.

Shalibhadra Finance targets Rs 500cr AUM as profit surges 22%

Shalibhadra Finance reported a 22% profit increase in FY25 and aims to achieve Rs 500 crore in assets under management, with plans to more than double its loan book by FY29. The expansion strategy includes launching new products like Micro LAP and home loans alongside geographic diversification and technology upgrades.

India's Social Stock Exchange Gets CSR Funding Green Light

India's Ministry of Corporate Affairs has amended rules to allow companies to channel Corporate Social Responsibility spending through the National Stock Exchange's Social Stock Exchange platform. The move aims to expand funding for non-profit organizations while improving transparency and accountability in the social impact sector.

Nifty Consolidates as 23,800 Remains Key Breakout Level

India's Nifty index ended the week with modest losses amid MSCI rebalancing flows, consolidating between 23,300-23,400 support and 23,800 resistance levels. Traders are advised to adopt a selective approach and lock in profits as the market navigates the consolidation zone.

Bitcoin retreats to $73K as ETF inflows, shrinking reserves signal bullish undercurrents

Bitcoin has pulled back to $73,000 after failing to sustain momentum from its May peak near $83,000, while Ethereum trades below $2,000 amid broader market pressure. Despite near-term technical headwinds, growing exchange outflows and continued ETF inflows suggest longer-term accumulation patterns that may support the asset class's broader structure.

Abakkus Portfolio Posts 6% Growth; Six Stocks Rally Up to 75% in 2026

Sunil Singhania's Abakkus Asset Manager portfolio expanded to Rs 2,742 crore in the March 2026 quarter, recording a 6% quarterly increase with notable gains in select holdings including Avalon Technologies and Suven Life Sciences during the calendar year. The portfolio saw mixed performance overall in CY26, though six stocks delivered returns of up to 75% while the fund also added five new positions in the fourth quarter.

FIIs pull Rs 20,637 crore in single day as MSCI rebalancing triggers sharp exit

Foreign portfolio investors offloaded Indian equities worth a net Rs 20,637 crore on Friday in one of the sharpest single-day selloffs, according to reports. The massive outflow coincided with MSCI index rebalancing, which resulted in heightened trading volumes and raised questions about high-frequency trading's role in amplifying market swings.

14 BSE Smallcaps Decline for 5 Consecutive Sessions Amid Market Weakness

Fourteen smallcap stocks listed on the BSE declined continuously over five trading sessions ending May 29, with losses reaching up to 15 percent, according to reports. The weakness occurred as the Sensex itself fell 408 points during the same period, with Wakefit Innovations, Master Trust, and Godavari Biorefineries leading the declines.

NSE Extends Equity F&O Trading Hours to 3:40 PM from August

India's National Stock Exchange will extend equity derivatives segment closing time by 10 minutes to 3:40 PM, effective August 3, 2026, while maintaining existing opening times. The volume-weighted average price calculation will continue to be based on the final half-hour of trading.

Indian Rupee Depreciation Pressures Commodities, Inflation

The Indian rupee weakened sharply in 2026, approaching Rs. 97 per US dollar before recovering slightly, driven by import dependence, trade deficits, and geopolitical tensions. The depreciation has elevated commodity prices and inflation, though the Reserve Bank of India has intervened to support the currency amid a persistent depreciating bias.

CSR norm tweak to boost social stock exchanges

Indian regulators have modified Corporate Social Responsibility (CSR) norms to allow companies to allocate up to 10% of annual CSR spending through zero coupon zero principal instruments issued by not-for-profit organizations listed on social stock exchanges. The regulatory adjustment seeks to channel corporate social spending toward outcome-oriented projects while expanding the investor base for social stock exchanges.

EU's Six Largest Economies Back Centralized Capital Markets Supervision

Europe's six largest economies have agreed to support more centralized supervision of capital markets as part of efforts to integrate financial markets and redirect citizen savings toward productive investments. The move aims to enhance Europe's global competitiveness against the United States and China.

India's Top 11 Developers Post 18% Bookings Jump to Rs 1.48L Cr in FY26

Sales bookings from 11 major listed Indian residential real estate firms surged 18 percent to reach Rs 1.48 lakh crore in FY26, according to Anarock analysis. The growth reflects the market's shift toward developers with multi-regional presence and diversified geographic exposure beyond their original markets.

Ashok Leyland shares fall 2% despite strong Q4 profit growth

Ashok Leyland's stock declined 2% following Q4 FY26 results that showed net profit rising 14% year-over-year to Rs 1,291 crore and revenue climbing over 17% to Rs 17,246 crore. Analyst sentiment remains mixed as concerns over diesel price hikes and commodity inflation pressures weigh on the commercial vehicle manufacturer's outlook.

Bio Medica Laboratories shares debut on NSE SME platform

Bio Medica Laboratories is listing on the NSE SME platform today following a Rs 52 crore IPO that received 2.26 times subscription, though grey market premium data suggests weak investor sentiment ahead of the listing. The company plans to use IPO proceeds for loan repayment and manufacturing expansion, though broader market volatility has tempered investor enthusiasm.

Asian stocks rise on US-Iran truce deal, oil prices fall

Asian markets gained ground as oil prices declined following a tentative US-Iran ceasefire extension, reducing concerns about energy supply disruptions. The rally was also supported by optimism around artificial intelligence, though persistent inflation and economic cooling continue to constrain the broader investment outlook.

Fed's Williams: Productivity Shifts Hard to Spot in Real Time

Federal Reserve official Williams highlighted the difficulty in identifying productivity changes as they occur, underscoring a key challenge in real-time monetary policy assessment. The remark points to broader uncertainty around measuring economic fundamentals that drive inflation and growth dynamics.

Ashiana Housing Q4 profit flat at Rs 21 cr despite revenue growth

Ashiana Housing reported flat quarterly profit of Rs 21 crore in Q4 while revenue increased to Rs 335 crore, though full-year FY26 results showed significant growth with net profit surging to Rs 117.89 crore from Rs 18.24 crore year-over-year. The company's total income for FY26 more than doubled to Rs 1,187.47 crore from Rs 557.45 crore in FY25, indicating strong annual performance despite quarterly margin pressures.