Category: Business News & Economy

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Laser Power & Infra IPO allotment status is expected today for the Rs 742-crore public issue. The company’s shares are scheduled to debut on July 16, 2026, on both exchanges. The IPO witnessed an enthusiastic response, receiving an overall subscription of 38.94 times. Its grey market premium stands at 19%, signalling expectations of a healthy…

SBI Funds Management’s Rs 9,813 crore IPO opened for subscription on Tuesday at a price band of Rs 545-574 per share and will close on July 16. The issue, comprising a pure offer for sale by SBI and Amundi, carries an 18% grey market premium. Investors can bid for a minimum of 26 shares, with…

South Korea’s Kospi plunged 5% on Tuesday, extending its two-day decline to nearly 14% and taking the index into bear market territory. The benchmark has fallen over 31% from its June peak after a tech-led rally, though it remains up more than 50% for 2026 overall.

China’s exports saw a strong 27% year-on-year increase in June. Imports also climbed a significant 36%, accelerating from May’s figures. This performance indicates resilient global demand and strengthening domestic economic activity. The robust trade data suggests improved industrial output and consumption within China. These positive figures are expected to boost investor confidence in Chinese markets.

South Korea’s ruling party seeks to ease rules for SK Hynix joint ventures. This move aims to attract outside capital for new chip factories. The proposed law change allows subsidiaries to form ventures with investors. SK Hynix needs significant funds for its aggressive chip expansion plans. New ventures must also locate outside the Seoul metropolitan…

Gold and silver prices rebounded on MCX on Tuesday, snapping a two-session losing streak, as escalating US-Iran tensions boosted safe-haven demand. Investors are now awaiting the U.S. June CPI data for fresh cues on inflation and the Federal Reserve’s interest rate trajectory.

Five major private banks will announce their Q1 results this Saturday. Analysts offer mixed views on which banking stocks investors should consider. ICICI Bank is favored for its strong performance and reasonable valuation. HDFC Bank is seen as a defensive choice, while Axis Bank shows momentum. Kotak Mahindra Bank and Yes Bank present more selective…

Goldman Sachs anticipates a Nifty 50 rebound to 26,500 by June 2027. The brokerage is constructive on India’s macro backdrop and identifies key themes. Reliance Industries and HDFC Bank are among fourteen large-cap stocks favored. Adani Power and Adani Enterprises show significant year-to-date gains. NTPC and Power Grid Corporation are also highlighted for their performance.

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