Groww may see a ₹1,914 crore block deal as investor Ribbit Capital reportedly plans to sell around 1.6% stake at ₹195 per share. Groww shares rose 3.33% Tuesday, while strong Q1FY27 earnings showed robust profit and revenue growth.
Federal Bank shares fell nearly 4% after reports that the lender may acquire a controlling stake in Jana Small Finance Bank. The deal could involve buying Jana Holdings’ 16.9% stake followed by an open offer. Jana Holdings is seeking to sell its stake to meet bond repayment obligations by December 2026.
Jefferies has picked Bajaj Finance, Cholamandalam Investment and Finance Company, Aditya Birla Capital and Shriram Finance to outperform the Nifty and bank stocks, with target prices implying up to 20% upside. The brokerage expects strong earnings growth, asset-quality improvement and EPS upgrades to drive gains, despite limited scope for valuation re-rating.
Hindustan Zinc shares dropped on Tuesday after expectations of a fresh government stake sale through an OFS resurfaced following the Hindustan Copper stake sale. The government is reportedly considering selling around 1.5% of Hindustan Zinc, which could raise Rs 3,500-4,000 crore. The stock has declined nearly 3% in 2026.
Mutual funds have steadily raised their holdings in several large-cap stocks over the past two quarters, with nine such stocks delivering 25-50% gains in CY26 so far. Data from ACE Equity shows that Adani Energy Solutions, Lenskart Solutions and ABB India led the pack, while Adani Power, Siemens, Bosch, Adani Green Energy, Billionbrains Garage Ventures and Titan Company also recorded strong gains alongside rising MF ownership.
The Indian stock market ended higher on Tuesday after a volatile session, with Sensex gaining 287 points and Nifty rising 115 points. Pharma, PSU banks and consumer durables led sectoral gains, while private banks and metals declined. IndiGo, Adani Ports, Infosys and Trent gained, while Eternal and HCLTech fell.
Japanese businesses are increasingly turning to longer-term supplier agreements and currency hedging as the yen’s prolonged weakness raises import costs and makes expenses harder to predict. Companies are locking in prices and exchange rates for longer periods, while exporters are also seeking protection against currency swings as uncertainty over the yen’s outlook persists.
The Indian rupee surged to a one-week peak on Tuesday, empowered by the recent dip in oil prices alongside measures taken by the central bank. Throughout the trading day, the rupee remained within a narrow band as Brent crude prices decreased by more than three percent. Concurrently, Asian currencies showed slight declines, with the dollar index slipping beneath 99.
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