Banking Sector Performance
Recent financial results from major Indian banks reveal varied performances. PNB reported a substantial year-over-year rise of 11.6% in net profit, reaching
Rs 5,189.8 crore. Yes Bank witnessed a massive surge, with net profit soaring by 5.5x to Rs 214 crore, driven by a decrease in provisions. ICICI Bank's net profit, however, experienced a 4% year-over-year decline to Rs 11,317.86 crore, while HDFC Bank saw an 11.4% increase, reaching Rs 18,653.75 crore. Karur Vysya Bank introduced a capital gains account to offer tax relief.
IPO and Market Analysis
The Bharat Coking Coal IPO garnered attention, with its grey market premium (GMP) fluctuating ahead of listing. Shadowfax Tech IPO saw a moderate subscription rate, with its GMP also experiencing changes. Market sentiments shifted, with the Sensex experiencing significant drops of 271 points and 1,065 points. Experts point out various factors influencing market behaviour. NSE's IPO is close to regulatory approval, with SEBI indicating a possible No Objection Certificate (NOC) soon. The listing of Gabion Technologies and Avana Electrosystems are also important events.
Silver's Price Rally
The price of silver has surged, hitting record highs, with prices surpassing Rs 3 lakh. This rise is attributed to various factors, including global uncertainties and investment interest. Hindustan Zinc shares also saw a 2% increase in value due to the rising silver prices. Investors are closely monitoring these price movements, analysing whether to book profits or continue their investments. Silver ETFs have seen a jump of 8%.
Budget 2026 Expectations
The upcoming Budget 2026 has generated significant anticipation. Tax experts have called for increased deductions and relief on the 30% tax slab. The real estate industry is seeking tax relief and stable policies. Discussions are underway about joint taxation for married couples. Government may potentially cap the fiscal deficit at 4.3% and push for medium-term debt consolidation, according to ICRA.
Real Estate Sector Trends
India's real estate sector is witnessing considerable activity. Capital inflows into the sector surged by 25% to a record $14.3 billion in 2025. Gurugram saw substantial real estate investments, reaching Rs 86,588 crore in 2025. Office occupancy in Delhi-NCR is expected to exceed 80% by 2027. The sector’s sentiment stabilised in the fourth quarter of 2025, driven by office demand and positive funding outlooks.
Economic Indicators and Forecasts
Several economic indicators provide insights into India's growth trajectory. The IMF upgraded India's growth forecast to 7.3% for 2025. Moody’s forecasts India to grow at 7.3% in FY26. Core industries in India grew by 3.7% in December 2025, with cement leading the list. India is on track to become an upper middle-income country by 2030 and a $5-trillion economy in two years, according to SBI Research.
Other Key Developments
The article also highlights other critical happenings. The RBI launched the Integrated Ombudsman Scheme 2026, scheduled to go live from July 1. Coca-Cola plans to launch a $1 billion IPO of its Indian bottling arm, HCCB, in 2026. India's forex reserves saw an increase of $392 million, reaching $687.2 billion, with gold holdings up by $1.56 billion. The DIGIDHAN mission saw a 41% CAGR, as digital payments reached 22,831 crore in FY25, according to the government.
Stock Market Highlights
The stock market exhibited varied movements. The Sensex experienced a sharp decline, losing over 1,400 points in two days, with the Nifty50 below 25,200. Some stocks, like IndiGo, saw a rise of 3.5%, despite a Rs 22-crore fine. Other companies, such as Ola Electric, extended their decline, with shares tumbling by 6% due to the CFO's resignation.
