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IDBI Bank shares fell over 15% on reports that the Indian government has cancelled its plan to sell a 60.72% stake due to low bids.
Indian markets, led by a 2.18% drop in the Nifty Oil & Gas index, fell sharply as rising crude oil prices sparked inflation and growth concerns.
Global brokerages Citi and Nomura have significantly reduced their December 2026 Nifty 50 targets, citing escalating geopolitical risks and soaring crude oil prices.
The escalating US-Iran conflict threatens India's economic stability through surging oil prices, supply chain disruptions, and risks to its nine million diaspora in the Gulf.
Bandhan Bank shares declined nearly 7% following reports that its promoter is exploring a stake sale or IPO to provide an exit for institutional investors.
Brokerage firm Motilal Oswal has issued a buy rating for Va Tech Wabag, projecting a 48% potential upside driven by a robust order book and strong financials.
The escalating US-Iran conflict moves into the Indian Ocean with a US submarine sinking an Iranian warship, posing severe economic and strategic threats to India.
Brokerage firm Nomura initiates coverage on Tata Capital, L&T Finance, and Piramal Finance with 'Buy' ratings, forecasting up to 26% upside potential driven by AI.
Ola Electric's share price plummets to a new all-time low, driven by a sharp decline in Q3 revenue, falling sales, and persistent operational challenges.
The escalating West Asia conflict has erased $447 billion from Indian markets, disrupting key sectors like energy, exports, and logistics while threatening macroeconomic stability.
Indian banking stocks, led by the Nifty Bank index, experienced a significant downturn due to escalating Middle East conflicts, rising oil prices, and persistent foreign investor selling.
Foreign Institutional Investors have intensified their sell-off in Indian equities in 2026, pulling out over ₹1.04 lakh crore amid global geopolitical tensions and domestic valuation concerns.
Bajel Projects secures a landmark ₹700 crore EPC contract from MSETCL, triggering a sharp stock rally despite initial investor concerns over high valuations.
Reports indicate the government has cancelled the strategic disinvestment of IDBI Bank after financial bids from potential buyers failed to meet the reserve price.
Tejas Networks' share price surged over 9% after the company announced a significant purchase order to supply 4G RAN solutions for a mobile network in South Asia.
The Indian government is set to scrap the strategic disinvestment of IDBI Bank after financial bids failed to meet its reserve price, causing shares to plummet.