Category: Business News & Economy

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Indian stock markets experienced sharp losses for a fifth straight session on Friday. Sensex and Nifty indices saw significant drops, reflecting investor concerns. Oil prices exceeding $100 per barrel and FII selling fueled the downturn. Broader markets and specific sectors also registered substantial declines. This selloff erased over Rs 3 lakh crore from market capitalization.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Manipal Health Enterprises will use over three-fourths of its Rs 8,000 crore fresh IPO proceeds to repay acquisition-related debt and fund an additional stake purchase in Sahyadri Hospitals. The issue reflects a balance-sheet reset after an aggressive expansion strategy that significantly increased debt while expanding its hospital network.

The Rs 167 crore Xtranet Technologies IPO was subscribed around 1.4 times on the second day of bidding, led by strong retail demand. While the grey market premium has eased from earlier levels, it still indicates a potential listing gain of over 6%, with the issue set to close on July 27.

India’s power and electrical equipment stocks have emerged as key AI proxy plays, with names like Hitachi Energy, Kirloskar Oil Engines and GE Vernova T&D delivering stellar returns. Analysts believe rising data centre investments will fuel long-term demand, but caution that valuations and stock selection will be critical from here.

Lohia Corp IPO GMP Day 2: Lohia Corp’s initial public offering is experiencing decent investor interest on its second day. The Rs 1,101 crore maiden issue has been subscribed 43% so far. Retail investors are leading the subscription numbers, booking 80% of their reserved portion. Unlisted shares are trading with a muted grey market premium…

Caliber Mining & Logistics shares debuted nearly 19% above their IPO price on Friday, beating grey market expectations. The Rs 450 crore issue was subscribed 156.63 times, driven by strong demand across investor categories. The company plans to use the IPO proceeds to reduce debt, fund expansion, and strengthen operations.

HFCL has emerged as a favourite among foreign investors, with FIIs more than doubling their stake to 15.7% in Q1 despite the stock surging 200% in 2026. Strong AI-driven data centre demand, record order book, robust earnings, capacity expansion and growing defence ambitions have prompted brokerages to turn bullish, with Deven Choksey seeing another 75%…

Swiggy shares fell after the company proposed cutting its foreign ownership limit to 49.5% from 100%, raising concerns over its eligibility for major global indices. The move could lead to Swiggy’s exclusion from the MSCI Standard and FTSE indices, triggering an estimated $460 million in passive outflows, according to reports.