Market News

Debt-Free Penny Stocks Under Rs 10 Rally Up to 1,126% in One Year

According to Trendlyne data, debt-free penny stocks priced below Rs 10 have delivered exceptional returns reaching up to 1,126% over the past year, outperforming broader market trends. While these gains reflect strong liquidity and positive market sentiment, analysts caution that inherent risks remain elevated due to weak earnings, limited market capitalization, and substantial price volatility.

Six IPOs on investors' radar; GMPs signal listing gains up to 118%

India's IPO market is set for a busy week with six public issues, including SBI Funds Management and Alpine Texworld, according to market reports. Grey market premiums indicate potential listing gains of up to 118%, with Millworks Technologies leading the grey market premium chart.

InCred identifies 6 midcap stocks with up to 54% upside potential

InCred Equities has identified six midcap stocks across multiple sectors with upside potential reaching up to 54%, citing attractive valuations and selective opportunities. The picks come amid volatile market conditions, persistent foreign institutional investor selling, and lingering inflation concerns in the Indian market.

10 BSE stocks post gains across five consecutive sessions

Ten stocks listed on the BSE 1000 index gained value in all five trading sessions between July 6 and July 10, delivering cumulative returns of up to 20 percent despite the broader Sensex declining for the week. The outperformance highlighted selective strength in individual securities amid overall market weakness.

SK Hynix US shares surge 13% on Nasdaq debut amid AI chip demand

SK Hynix's shares surged 13% during their Nasdaq debut after the South Korean chipmaker raised $26.5 billion through a share sale, according to market reports. The strong performance reflects continued investor appetite for AI-linked semiconductor stocks despite recent market volatility.

SBI MF IPO presents valuation opportunity against ICICI AMC peers

SBI Funds Management's Rs 11,600 crore IPO offers investors an opportunity to evaluate the company's market leadership and valuation relative to listed peers like ICICI AMC. The mutual fund sector is experiencing structural growth driven by increased savings, potentially benefiting long-term investors in the offering.

India IPO Calendar: SBI MF, Alpine Texworld Lead Rs 11,980 Cr Rush

India's primary market is set to see three new IPO issues totaling approximately Rs 11,980 crore next week, with SBI Funds Management and Alpine Texworld anchoring the mainboard segment. According to reports, SBI Funds Management's offer for sale is expected to raise Rs 11,693 crore, while grey market premiums have climbed as high as 111 percent.

Greg Abel Deploys Berkshire's Cash Pile Into Google as New CEO Strategy

Following his appointment as Berkshire Hathaway CEO in January, Greg Abel has begun deploying the company's record cash reserves of nearly $400 billion, with Alphabet emerging as a central focus of this strategic shift. The move marks a notable change in investment direction for the conglomerate under new leadership.

10 Blue-Chip Stocks Identified With Up to 49% Upside Potential

A brokerage report has shortlisted 10 blue-chip stocks across multiple sectors, including TCS and HDFC Bank, that are believed to offer attractive valuations and potential returns of up to 49%. The selection highlights opportunities among established Indian companies that analysts view as undervalued relative to their growth prospects.

Five Key Market Themes to Watch in the Week Ahead

The week ahead features critical earnings from TSMC and Wall Street banks, alongside pivotal economic data releases including US inflation figures and Chinese growth indicators, while oil markets remain sensitive to geopolitical tensions in the Middle East. These developments will provide crucial signals for artificial intelligence chip demand, corporate profitability, monetary policy direction, and global economic momentum.

Wall Street Faces Crucial Week of Earnings, Inflation Data, Iran Tensions

The U.S. stock market heads into a pivotal week with major bank earnings, consumer price index data, and geopolitical concerns over Iran potentially reshaping investor sentiment. Market participants are closely watching for signals on the Federal Reserve's interest rate trajectory amid inflation readings and supply-chain risks from Middle Eastern tensions.

Fed Officials Split on Inflation Response, Await Economic Data

Federal Reserve policymakers expressed ongoing concerns about persistent inflation pressures and remain divided on whether rate hikes are warranted, with incoming economic data expected to guide their next policy decision. The committee discussed multiple scenarios for potential policy responses, with some officials favoring steady rates while others view increases as appropriate.

SK Hynix Shares Surge in US Nasdaq Debut Amid AI Chip Demand

SK Hynix's shares jumped significantly following its Nasdaq debut and large share sale, with the offering oversubscribed due to strong investor demand. The listing reflects robust enthusiasm for artificial intelligence-related semiconductor stocks and provides the memory chipmaker access to a broader investor base.

SBI Funds raises Rs 1,655 crore in pre-IPO placement ahead of 2026 debut

SBI Funds Management secured Rs 1,655 crore through a pre-IPO share placement at Rs 574 per share, selling a 1.42% stake to investors including PI Opportunities Fund-II and Enam's Akash Manek Bhanshali. The placement precedes the asset manager's planned Rs 11,693 crore IPO, positioned as India's largest public offering for 2026.

Groww Faces Technical Glitch Disrupting Client Withdrawals

Indian brokerage Groww experienced a temporary technical disruption on Friday that prevented client fund withdrawals and affected deposit functionality, with the issue attributed to its cloud service provider Google Cloud Platform. The company resolved the problem before market close, restoring customer access to their funds.

IT Rally Lifts Indian Markets; Sensex, Nifty End Week in Red

Indian equity indices rose on Friday driven by information technology stocks, with Tata Consultancy Services' earnings meeting expectations and easing sector concerns. Despite the Friday rally, both benchmark indices finished the week with marginal losses, ending their winning streak as West Asia tensions and elevated crude oil prices tempered investor sentiment.

US stocks end higher as investors turn to earnings season

US markets closed higher with the S&P 500 trading near record levels, supported by SK Hynix's strong Nasdaq debut and renewed momentum in AI-linked chip stocks. Investors are maintaining a cautious stance ahead of the earnings season and upcoming inflation data releases.

India's forex reserves surge $7.3 billion on FCNR and ECB inflows

India's foreign exchange reserves rose $7.26 billion to $674 billion in the week ended July 3, driven by increases in both foreign currency assets and gold holdings, according to Reserve Bank of India data. The gains reflect stronger inflows from Foreign Currency Non-Resident (FCNR) deposits and External Commercial Borrowing (ECB) activities.

Indian Bank Cancels Capital Raise on Lower ECL Impact

Indian Bank has cancelled its planned share sale after revising its expected credit loss (ECL) estimates downward, eliminating the need for additional capital. The bank's stronger Q1 performance, featuring 10% year-on-year net profit growth and robust advances and deposit expansion, supported the decision.

SK Hynix shares surge 14% in Nasdaq debut on AI chip demand

SK Hynix shares jumped 14% on their Nasdaq debut following a $26.5 billion offering, reflecting robust investor appetite for AI-focused semiconductor stocks. The South Korean chipmaker plans to expand high-bandwidth memory (HBM) chip production and AI infrastructure investments.