Canara Bank has announced a standalone net profit of approximately Rs 5,175 crore for the second quarter of FY27, reflecting a growth of over 8% from the previous year. The bank also experienced a substantial increase in net interest income, surpassing Rs 11,005 crore, along with notable improvements in asset quality through a reduction in non-performing assets.
Groww Q2 Results: The company’s revenue from operations came in at Rs 1,501 crore, marking a 47% increase from Rs 1,019 crore posted in the corresponding quarter of the previous financial year.
IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. The bank reported strong Q2FY27 business growth, while JM Financial highlighted loan growth, deposit mobilisation and margin pressures across the banking sector.
Global semiconductor stocks tumbled as Chinese chipmaker CXMT’s reported progress on a new memory chip design raised concerns about intensifying competition. Samsung, SK Hynix and Micron face potential pricing pressure as Chinese manufacturers seek to narrow the technology gap. The selloff also reflects growing scrutiny of AI valuations and whether heavy investment in AI infrastructure will deliver sustainable returns.
Barclays plans to restart its equity capital markets business in India after nearly a decade, targeting the country’s booming IPO market. Strong fundraising demand, robust retail investment flows and startup growth offer opportunities. With hundreds of companies awaiting IPO approvals, the bank aims to expand its equity advisory and underwriting services.
Indian IT stocks rallied as concerns over AI-driven disruption eased, triggering an “anti-AI†trade. The Nifty IT index surged over 2,000 points in two sessions to cross 30,000, its first move above the mark in nearly a month. HCL Tech gained nearly 11% in two days following its Q2 results, while TCS and Infosys rose 6–10%.
Indian equities traded nearly flat after a sharp rally in the previous session, with IT stocks extending gains while pharma shares declined. Analysts flagged elevated US bond yields and crude oil prices as headwinds, even as short-covering and hopes of tax relief supported sentiment.
Drawing inspiration from Goddess Durga’s ten arms this Navratri, Suranjana Borthakur of Mirae Asset explains why diversification is not dilution for investors. A thoughtfully allocated portfolio spread across equities, debt, and market caps provides the resilience needed to ride out volatility, prevent emotional exits, and achieve compounding growth.
Anand Rathi Share and Stock Brokers shares fell 6% on Wednesday despite a 50% YoY jump in Q2FY27 net profit to Rs 41.94 crore. Investor sentiment was dented by margin compression as operating expenses rose 14% YoY, primarily driven by a 31% increase in employee benefit costs.
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