RBI Deputy Governor Poonam Gupta said India’s economic growth could beat the central bank’s 6.7% forecast, with growth nearing 7%. Stronger-than-expected indicators have improved the outlook, while markets are raising bets on a rate hike later this year. India’s economy may outperform the central bank’s forecasts this financial year, according to Deputy Governor Poonam Gupta,…
Manipal Health Enterprises’ IPO saw a sluggish start, being subscribed 0.15 times on Day 1, with retail and non-institutional portions lagging. The company raised ₹4,167 crore from anchor investors. The total issue size is ₹9,275 crore, with shares listing on August 5. Manipal Health Enterprises, which operates one of India’s largest networks of multi-specialty…
India’s defence production hit a record ₹1.78 lakh crore in FY26, driving share prices up for defence firms. The sector experienced 15.6% growth from FY25, with increased private sector contributions and strong export performance boosting confidence in the industry’s future. Shares of defence stocks witnessed strong buying interest on Wednesday after the government announced that…
Technical Outlook on Banks for 2026 The banking sector continues to remain a key outperformer on the charts, with both private and PSU banks showing constructive price structures. While private banks are consolidating within long-term uptrends, PSU banks are witnessing steady accumulation after strong rallies. Technically, private banks offer stability through structured uptrends…
IndusInd Bank and ICICI Bank shares jumped 2-3 percent each, and led the rally in the Bank Nifty today, taking the banking index to a record high. Bank Nifty hits new all-time high. The Bank Nifty scaled a new all-time high on Thursday, touching 58,609.2 in morning trade and rising 0.57 percent from the…