196 stories from 9 sources
The week in Indian Business and Markets
Click on a headline to see stories that shaped it.
Threads
8 threads
The market advanced from a Reliance-led rebound to a broader recovery as foreign investors returned, crude prices fell and India outperformed during a global AI-linked selloff. The rally then met profit-taking pressure, while midcap gains and stock-selection data showed that returns remained uneven and vulnerable to reversal.
Demand for new listings stayed intense, with BLS Polymers debuting far above its issue price after record subscription and other SME issues also listing at premiums. The pipeline strengthened as Sebi cleared a potential $1 billion Mahanadi Coalfields offering and more companies prepared filings.
Foreign ownership fell across most leading companies even as policymakers considered equity-tax concerns and market participants argued for tax relief. The week therefore paired renewed foreign buying with evidence that overseas participation remains structurally unsettled.
Results showed strong operating momentum in banks, exchanges, consumer businesses and several growth companies, but profit conversion remained uneven. Higher costs, taxes, settlements and margin pressure repeatedly limited how much revenue growth reached the bottom line.
Sebi expanded digital overseas onboarding and permitted larger unhedged currency-derivative access within limits, while also approving net settlement for eligible mutual-fund trades. Enforcement actions against brokers and investment advisers showed that intermediary controls remained a parallel priority.
Tighter liquidity pushed certificate-of-deposit and deposit rates higher, raising pressure on bank funding and loan pricing. The RBI also curbed speculative dollar demand while easing some foreign-exchange procedures, and its liquidity operation drew a muted response.
BHEL won contracts worth up to 280 billion rupees from Adani Power, while Siemens reported a sharp rise in new orders. The developments point to stronger private-sector and industrial demand, though execution and margins will determine the earnings payoff.
Marico converted volume growth and improved margins into a 31% profit increase, then sustained the positive outlook by raising its margin guidance. Input costs, weather and geopolitical risks remained the main threats to keeping that momentum profitable.
Day’s Recap