Market Bizzz

Canara Bank’s board has approved a plan to raise up to Rs 9,500 crore through debt instruments for FY26, including Tier II and AT1 bonds. The bank reported a 33% YoY increase in Q4 net profit, with improved asset quality, though slippages slightly exceeded estimates.

JioBlackRock, the joint venture between Jio Financial Services and BlackRock, has received Sebi’s final nod to operate as an investment adviser. The approval, along with earlier permissions to manage mutual funds, signals the JV’s broader foray into India’s financial services space.

Valentis Advisors’ Jyotivardhan Jaipuria favors chemicals due to low dealer stocking and cement, anticipating benefits from consolidation and government demand. Pharma, particularly CDMO, shows growth potential, with US generics attractive on corrections. Small and mid-caps offer stronger earnings growth, but valuation is key. He remains cautious on alcobev due to fluctuating state policies.

Brokerages spot bullish signals in pharma stocks, picking five candidates poised for up to 12% gains.

Jana Small Finance Bank has applied to the RBI for a universal banking licence. Calling it a key milestone, the bank said the move underscores its focus on financial inclusion and sustainable banking. Since becoming an SFB in 2017, it has built a strong retail and MSME presence with solid asset quality and digital infrastructure.

Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Top investors such as Goldman Sachs, Morgan Stanley, and a clutch of mutual funds acquired a 1.45% stake in Suzlon Energy through block deals worth Rs 1,309 crore. As per NSE data, over 19.81 crore shares changed hands at an average price of Rs 66.05 apiece.

The real estate sector has emerged as a powerhouse, with the BSE Realty index recording substantial weekly gains. This momentum can be traced back to the Reserve Bank of India’s repo rate cut, which has sparked renewed interest in property investments. Leading the charge is Sobha, whose stock has taken off, joined by gains in Financial Services and Metal sectors.

Indian equities surged in May 2025, led by a 22% rise in defence stocks and a 12.1% gain in microcaps. Broader markets outperformed large caps as risk-on sentiment returned. An unexpected RBI rate cut in June further boosted optimism.

The Nifty showed signs of upward movement after a two-week consolidation, closing with a weekly gain of 1.02%. It faces resistance at 25,100-25,150, and a breakout is needed for a sustained uptrend. PSU Banks are expected to outperform, while IT shows bottoming-out signs. A cautiously positive approach is advised, focusing on profit protection and strong technical setups.