Meesho shares have fallen nearly 40% from their peak after Q3 losses widened sharply, slipping below the listing price. Despite near-term margin pressures and concerns over growth sustainability, foreign brokerages UBS and BofA remain constructive, citing strong revenue growth, improving logistics efficiency and long-term user expansion.
LIC shares surged 4% following a 17% year-on-year profit jump to Rs 12,930 crore in Q3FY26. The insurer also reported a 17% rise in net premium income to Rs 1.26 lakh crore. Bernstein maintained a Market-Perform rating with a Rs 940 target price.
India's market regulator Sebi is proposing new margin rules for single-stock derivatives. The changes will affect trading strategies involving different expiry dates. Specifically, benefits from offsetting positions will not be available on the day a contract expires. This move aims to reduce risks for traders and trading members.
A 50,000 crore Open Market Operation auction saw better-than-expected demand, leading to a rally in bond yields. The 10-year benchmark yield dropped four basis points to 6.65%. This operation, part of the RBI's liquidity infusion measures, is expected to move system liquidity into a comfortable surplus.
A technical issue at National Securities Depository has disrupted share settlements for three days. Investors' purchased shares are not appearing in their demat accounts. This prevents them from selling these holdings. The problem stems from NSDL's inability to process inter-depository transfers. This impacts the routine movement of securities between depositories. Operations are delayed as a result.
Silver prices saw a significant one-day drop, falling by 30,000 per kg. Gold also declined. Investors booked profits amid market volatility. Analysts expect gold prices to remain weak internationally, while silver is predicted to consolidate. Demand for silver from technology sectors continues to outpace supply, making it volatile. Investors are advised to focus on fundamentals rather than timing the market.
Gold and silver extended losses on Friday, with spot gold down 0.7% and spot silver down 3.2%, as a global tech stock rout and a stronger U.S. dollar erased earlier gains. Weak U.S. labor market data and geopolitical tensions also influenced the precious metals market.
Asian stocks extended losses for a second day, mirroring a Wall Street selloff driven by concerns over AI's impact on software profits and rising U.S. layoffs. Precious metals and cryptocurrencies also experienced significant volatility, with gold, silver, bitcoin, and ether all declining sharply.
