Phased Stake Reduction Over Several Years Life Insurance Corporation of India has undertaken a measured reduction in its stake in Castrol India, opting for a gradual approach rather than a one-time sale. The divestment involved the sale of nearly 1.98 crore shares through open market transactions conducted between…
Profit and Revenue See Significant Upswing Sobha Limited posted a notable improvement in its financial performance during the March quarter. The company reported a profit after tax of ₹92 crore in Q4 FY26, reflecting a sharp sequential jump of 124% and a year-on-year growth of 104%. Revenue also…
Temporary Suspension on Overseas Schemes Axis Mutual Fund has decided to restrict new inflows into certain international schemes in response to industry-wide caps on overseas investments. The suspension will apply to three offerings: Axis Global Equity Alpha Fund of Fund, Axis Global Innovation Fund of Fund, and Axis…
Domestic Investors Expand Market Influence Indian equities are increasingly being driven by domestic capital, as institutional investors within the country continue to deploy significant funds into the market. During the March 2026 quarter, DIIs invested approximately $27.2 billion, pushing their ownership in Nifty 500 companies to an all-time…
Strong Growth Across Vehicle Categories India’s auto retail sector began the financial year on a strong note, with April 2026 sales reaching an all-time high for the month. The overall increase of 12.94% compared to the previous year reflects broad-based demand across multiple vehicle segments. Out of six…
Mounting Losses Without Government Backing State-run oil marketing companies are experiencing sustained financial strain as international crude oil prices continue to rise. Despite this, the government has indicated that there is no plan to compensate these firms for their losses. Officials from the Ministry of Petroleum and Natural…
Unified KYC Framework Gains Momentum India’s financial regulatory landscape is undergoing a significant shift as efforts intensify to establish a unified customer verification system. The initiative, often described as “One Nation, One KYC,” seeks to create a standardised and interoperable framework that can be used across banks,…
May 5, 2026
Market View 05th May, 2026
View on market: Volatility persists, eagerly searching for growth: Global markets showed mixed signals with a cautious tone overall. Futures in the US and Europe moved slightly lower, indicating weak sentiment ahead. In Asia, markets performed strongly, especially in South Korea where stocks rallied sharply to reach a…
Profit Growth Reflects Stable Operating Momentum Kotak Mahindra Bank delivered a solid performance in the fourth quarter of FY26, reporting a standalone profit after tax of ₹4,027 crore. This marks a 13% increase compared to the same period last year and a 17% rise sequentially from the previous…
IPO Market Sees Selective Momentum The primary market is entering the first full week of May 2026 with a relatively measured pace. While there are no large mainboard IPOs scheduled to open during this period, the presence of SME offerings and a major REIT issue ensures that market…