PhysicsWallahs stock delivered conflicting signals at Thursdays close, finishing higher on the NSE and lower on the BSE in an unusual split that highlighted heightened volatility in the days following its blockbuster listing. The divergent closing prices came after a sharp intraday slide that erased significant market value.
A fire, reportedly caused by a tourist's improper use of incense and candles, has destroyed the Wenchang Pavilion temple in China's Jiangsu province. The wooden structure collapsed within minutes, but authorities confirmed no one was injured and the blaze was contained. Investigations are ongoing, with restoration planned.
Market expert Sandip Sabharwal identifies ICICI, Axis, and Kotak as top banking picks, citing upside potential. He also sees value in infrastructure stocks like NCC and Ahluwalia Contracts, while highlighting Indian Hotels as a standout in the hospitality sector. Sabharwal advises caution on IPOs, warning of overvaluation and potential retail investor pitfalls.
Zerodha CEO Nithin Kamath revealed that a company colleague now holds an astonishing 3,100 stocksnearly the entire NSE universepushing diversification to an extreme. Kamaths post triggered witty reactions online, with users calling it a personal mutual fund and warning that excessive diversification, high costs, and microcap illiquidity could drag long-term returns.
Sammaan Capital shares rebounded sharply on Thursday after the company clarified that no investigative or regulatory agency has any ongoing probe related to allegations in a 2019 PIL filed by a whistleblower forum. The Supreme Court also noted that no affidavit indicated wrongdoing by the firm, helping the stock recover following Tuesdays sharp decline.
India is poised to become Asia's premier listing hub, building on its IPO boom and strong domestic investor base. By refining key pillars like institutional capital, research, governance, listing processes, and valuation frameworks, the nation can attract global companies and solidify its position as a leading financial center.
Swiggy's stock has fallen 36% from its peak, returning nearly to its IPO price of Rs 390. Despite a 54% revenue jump, the company's net loss widened to Rs 1,092 crore in Q2FY26, primarily due to quick commerce expansion. Brokerages remain divided on its future prospects.
Private sector banks are struggling to keep pace with market value, as their valuations are already high, leaving little room for error. In contrast, public sector banks are benefiting from reforms, potential capital limit increases, and consolidation, positioning them well for the upcoming private capex cycle.
