A report by Nuvama Institutional Equities indicates that India’s public sector banks such as State Bank of India (SBI), Punjab National Bank (PNB), and Canara Bank could draw up to approximately US$3.98 billion (roughly ₹33,200 crore) in passive foreign institutional investment (FII) flows if the government raises the FII ceiling to 49 %. Currently, the cap stands at just 20 %.
Sathlokhar Synergys E&C Global Limited has achieved a major milestone by securing its first international order valued at ₹35.59 Cr from M/s. Ceylon Beverage International Private Limited along with Ceylon Beverage Can Private Limited. The scope of work includes execution of MEP works at Factory Lot No. 53A & 53B, Horana Export Processing Zone, Poruwadanda, Boralugoda, Sri Lanka, with project completion targeted for May 2026.
Nifty Outlook: 25,936.20 FII: Rs.10,339.80 cr DII: Rs.1,081.55 cr
As discussed yesterday, market behaviour remained on expected lines as Nifty continued its uptrend, rallying up to 26,041 but failing to sustain there, slipping to a day low near our support level of 25,810.
Summit Securities, RPG Group’s core investment NBFC, Q2FY26 revenue rose 334% QoQ to Rs.119.6 cr., PAT surged 349% to Rs.90.6 cr., driven by portfolio gains. Holdings in CEAT, KEC, Zensar & RPG Life Sciences provide diversified exposure and strong financial footing for long-term value.
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Gold prices slipped to their lowest level in over two weeks, with spot gold trading at around US $3,981.67 per ounce as of early Tuesday, down roughly 3% after a larger decline in the prior session.
Asian equity markets cooled off at the open today as investors paused after a recent global rally. Major indexes in Japan and South Korea slipped from record highs while Australia’s markets also opened lower.
The U.S. dollar slipped on Tuesday as markets eyed a series of key central-bank meetings and a highly anticipated meeting between Donald Trump and Xi Jinping in South Korea — expected to shape trade policy and global monetary direction.
Oil futures dipped modestly today, as the prospect of increased crude supply from OPEC+ weighed on the market despite optimism surrounding a potential trade deal between the United States and China.
As of early trading, Brent crude futures fell to about US $65.59 per barrel and West Texas Intermediate (WTI) crude slipped to roughly US $61.26 per barrel.
RBL Bank plans to approach the Department for Promotion of Industry and Internal Trade (DPIIT) to raise its foreign direct investment (FDI) limit from the current 49 % to 74 %. This step is crucial for facilitating a major investment from Emirates NBD Bank, which intends to acquire a 60 % stake in RBL, marking one of the largest FDI deals ever in India’s banking sector.
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