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Monday, June 22, 2026

RBI sold nearly $9 billion in forex spot market in April amid rupee pressure

The Reserve Bank of India actively intervened in the forex market, selling $8.944 billion in April to bolster the rupee. This follows similar actions in March, as the currency faced pressure from global tensions and investor outflows. However, the rupee showed signs of recovery in June, aided by policy measures and easing geopolitical concerns.

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Stock market: Which are top 10 gainers and losers on NSE & BSE today? Check list

Indian stock markets surged on Monday, with the Sensex and Nifty reclaiming key levels. This rebound was fueled by a dip in crude oil prices, substantial foreign fund inflows, and positive developments in US-Iran diplomatic talks. Heavyweights like Reliance and HDFC Bank led the recovery, boosting overall market sentiment and encouraging cautious optimism among investors.

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Top stocks to buy: Stock recommendations for June 22, 2026 week - check list

Stock market recommendations: Motilal Oswal Wealth Management Research Desk has picked State Bank of India (SBI), and Bharat Electronics as the top stocks to buy for the week starting June 22, 2026. Target prices and upside targets have been given:

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Sunday, June 21, 2026

ADB to maintain private sector funding pace in India, eyes $1 billion support in 2026

India continues to be the Asian Development Bank's top market for private sector investments. The ADB plans to inject approximately $1 billion in direct financing this year, aligning with India's development goals. This follows a significant $2 billion channeled into India's private sector last year. The bank will maintain this momentum, focusing on green energy, e-mobility, and urban infrastructure, while also boosting trade and supply chain finance.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vIt521G
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Friday, June 19, 2026

Sebi clears SBI Mutual Fund IPO; Rs 13,000 crore share sale likely next month

India's largest asset manager, SBI Mutual Fund, has secured Sebi's nod for its Rs 13,000 crore initial public offering. The upcoming share sale, an offer for sale by existing shareholders State Bank of India and Amundi India Holding, is slated for next month. This listing will bring the country's biggest fund house, managing nearly Rs 12.5 lakh crore in assets, to the stock market amidst robust retail investor interest.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vkDrQE5
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