Foreign institutional investors staged a strong comeback on Friday, investing ₹2,603.72 crore in Indian equities—their biggest single-day inflow this week—while domestic institutional investors extended their buying streak as benchmark indices rallied sharply.
TCS’s June-quarter earnings have left Dalal Street divided, with analysts split between applauding the company’s resilient execution and questioning its premium valuation, even as robust hiring fuels hopes of a gradual recovery in IT demand.
L&T Finance reported its highest-ever quarterly profit in the June quarter, driven by robust retail loan growth, higher disbursements and improved asset quality, while the lender continued to accelerate its transition into an AI-native financial institution.
Shares of FINO Payments Bank Ltd ended at ₹136.25, up by ₹1.55, or 1.15%, on the BSE.
The CSRC approval paves the way for investor roadshows and a potential listing valued at $40-50 billion, marking a breakthrough for the fast-fashion giant after years of regulatory scrutiny, geopolitical roadblocks and falling valuations.
The AI memory boom is giving US investors direct access to one of the semiconductor industry’s biggest winners, with South Korea’s SK Hynix making its Nasdaq debut following a $26.5 billion ADR offering.
Shares of Keystone Realtors Ltd ended at ₹423.45, up by ₹1.45, or 0.34%, on the BSE.
SEBI has cleared the IPO plans of five companies, including Tonbo Imaging, Rentomojo and Zetwerk Manufacturing Business, allowing them to move ahead with their public issues.
US stock futures traded little changed on Friday after a strong Wall Street session, with investors awaiting SK Hynix’s record Nasdaq debut. Markets are also assessing the IEA’s forecast of the first annual decline in global oil demand since 2020.
Bank of Maharashtra reported a 26.8% rise in net profit to ₹2,020 crore for the June quarter, while net interest income increased 14.5% year-on-year to ₹3,770 crore.