Foreign institutional investors have withdrawn about $53 billion from Indian equities since late 2024, pressuring many large-cap names even as MSCI India fell roughly 8% from September 2024 to May 2026. Yet in Q4, FIIs increased holdings in several stocks in value terms. State Bank of India led with a Rs 9,319 crore rise in FII holdings during the March 2026 quarter, followed by Power Grid, NTPC, Vedanta and others, including stock broker Billionbrains Garage Ventures and GE Vernova T&D India.
Indian equities snapped lower on Friday as US-Iran tensions escalated, the rupee slid, and financial stocks saw heavy selling. The Nifty ended down 150.50 points at 24,176.15 and the Sensex lost 516.33 points to 77,328.19. Among the biggest movers, SBI dropped about 7% after margin pressure and weaker operating performance. Meanwhile, Titan hit fresh 52-week highs on a 35% YoY profit jump, while Urban Company slumped on a 57x surge in Q4 losses.
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SBI Research says a 15% customs duty hike on gold imports is likely to lift domestic prices and reduce legal import volumes. The report also flags a risk of supply diversion into grey markets, potentially reshaping the flow of gold into India. While the effect on the current account deficit is uncertain, the direction for pricing and imports appears clear.
Adani Power is reportedly seeking around Rs 8,000 crore in debt to finance its expansion. The proposed fundraising is said to include Rs 50 billion of public debt plus about Rs 30 billion in loans from a lender group led by State Bank of India. Details were shared by people familiar with the matter who asked not to be identified.
In April, Indian mutual funds poured Rs 30,600 crore into equities, ramping up positions in ICICI Bank, SBI and Sun Pharma. At the same time, they cut exposure to Wipro, HDFC Bank and Hindalco across large, mid and smallcap categories. The reshuffling signals active portfolio management as fund managers reposition for changing market expectations.
State Bank of India shares have extended their decline, now down more than 20% from their peak, after Q4 results showed margin contraction and a sequential fall in net interest income. While investors react to the weaker trajectory, multiple brokerages continue to back the stock with revised targets, pointing to enduring fundamentals and a sustained “Buy” stance.
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India’s startup funding day on 12 May 2026 was powered by semiconductors and manufacturing. Bengaluru’s HrdWyr bagged $13 million to build AI-native AISoCs, while Mekr raised ₹67 crore for electronics manufacturing. Spacetech Agnikul is reportedly in talks for a $50–75 million round at a flat $500 million valuation. In business news, InCred Capital acquired S Cube Capital and SBI cleared up to $2 billion overseas bond issuance.
SBI’s margin drop set the tone for PSU banks, but analysts believe the downside could be nearing an end. Focus is shifting to private banks, seen as better placed for FY27, with foreign investor flows expected to influence stock moves. HDFC Bank and Axis Bank are highlighted as top picks, while Paytm is favored for its payments business.
SBI Chairman C S Setty cautioned that digital finance and platform lending are expanding quickly but may outpace trust, governance, and risk controls. He urged a balance between speed and safety, ensuring inclusion. Setty also said India’s development will require large-scale capital beyond what banks can provide, calling for deeper bond markets and more investor participation.
Monday saw a sharp broad-market drop, with the Nifty falling 360 points and the Sensex slipping over 1.7%. Yet within that red backdrop, several major counters swung to the top of the movers list, including SBI, IndiGo, and Titan. The day highlighted how stock-specific momentum can diverge from index-wide weakness.
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State Bank of India has shed more than $11 billion in market value across two sessions, driven by margin squeeze concerns and disappointing earnings. NSE data points to heavy fresh call writing at the 1,000 strike, suggesting traders expect a near-term bounce to face a firm ceiling around that level, rather than a sustained recovery.
Nifty Bank tumbled nearly 900 points, with SBI shares taking the hardest hit after weak earnings spooked investors. The selling spilled across other major lenders, dragging bank stocks down as market sentiment turned cautious. Analysts now expect the index to churn through consolidation, pointing to specific support and resistance zones that could determine whether the slide steadies or resumes.
SBI shares slid more than 3% on Monday and have now dropped 10% across two sessions, even after the bank reported a 6% year-on-year rise in Q4 standalone net profit to Rs 19,684 crore. Net interest income grew 4% and provisions fell sharply, but softer net interest margins after the March-quarter update dented sentiment.
State Bank of India reported a record profit above ₹80,000 crore, even as investors worried about net interest income and margin pressure. Chairman CS Setty said net interest margins have likely bottomed out and should stabilize around 3%. SBI also pointed to strong deposit growth and expects 13–15% loan growth across segments in FY27, while watching global risks closely.
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State Bank of India is aiming to keep its net interest margin above 3% in FY27, banking on easing funding costs as deposits are repriced. But if CASA growth stays slower than credit expansion, SBI may have to rely more on costlier term deposits. To protect margins, it plans faster retail and MSME loan growth while strengthening fee income.
Next week, 18 Indian stocks including State Bank of India and Godrej Consumer Products will go ex-date for corporate actions such as dividends and bonus issues. To be eligible, investors must own shares before the record date. Once the ex-date hits, new buyers typically won’t receive the declared benefits, making timing crucial for holders.
In a week marked by range-bound trade in Indian equities, the combined market valuation of four among the top-10 most valued companies fell by Rs 1 lakh crore. State Bank of India suffered the largest dent, emerging as the biggest laggard. The move highlights how even marquee firms can see sharp repricing within short windows.
State Bank of India reported FY26 net profit jumping 13% to ₹80,032 crore, with Q4 profit up about 6%. The bank also announced a ₹17.35 per share dividend and showed improving asset quality as NPAs declined. Yet SBI shares fell roughly 7% post-results, as investors focused on slower quarterly growth and margin pressure rather than the headline profit jump.
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State Bank of India shares fell nearly 7%, the steepest single-day drop in two years, after softer-than-expected fourth-quarter earnings. Investors pointed to reduced net interest margins and lower treasury income as the main drag. Analysts warn the selloff may continue, though they see support around the ₹970 to ₹990 range.
State Bank of India logged its second-highest annual corporate profit at ₹83,299 crore, while Q4 net profit grew 6% on steady loan growth. Still, investors turned cautious as margins faced pressure and treasury losses weighed on sentiment. Chairman CS Setty said he remains confident about credit growth through the current fiscal year.
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