- MF Update: Mutual Funds Increase Stakes in Private Banks During March 2026 Quarter
Mutual funds raised holdings in private banks while trimming positions in PSU and commodity-linked stocks amid a quarterly decline in overall equity holdings. This shift reflects selective confidence in banking stability. - Economy Update: Manufacturing Sector Maintains Growth Momentum in Q4 FY26
India’s manufacturing activity sustained positive growth in the January-March 2026 quarter, supported by strong domestic demand despite input cost pressures and geopolitical uncertainties. Manufacturers expressed optimism on future output, investments, and hiring. - Earnings Update: SBI Reports 5.6% YoY Rise in Q4 Net Profit to Rs 19,684 Crore
State Bank of India (Nifty 100) posted a 5.6% year-on-year increase in standalone net profit for Q4 FY26, supported by improved asset quality and lower NPAs; the bank also declared a Rs 17.35 per share dividend. This demonstrates resilience in India’s largest lender. - Corporate Trends: Google Explores AI Infra and Manufacturing Investments in India
Google is considering substantial investments in India focused on AI infrastructure, server manufacturing, and drones. This underscores growing multinational interest in India’s tech and innovation ecosystem.
Market Performance Summary
| Particulars | Price as on 8th May ‘2026 | Price as on 1st May ‘2026 | Change % |
|---|---|---|---|
| S&P BSE Sensex | 77,328.19 | 76,913.50 | 0.54% ↑ |
| Nifty 50 | 24,176.15 | 23,997.56 | 0.74% ↑ |
| Nasdaq | 26,247.08 | 25,114.44 | 4.51% ↑ |
| Gold 999 (10 Gms) | ₹ 1,51,078 | ₹ 1,50,263 | 0.54% ↑ |
| Silver 999 (1 Kg) | ₹ 2,55,600 | ₹ 2,40,331 | 6.35% ↑ |
| Crude Oil | $ 96.14 | $ 104.73 | -8.20% ↓ |
| USD INR | ₹ 94.4837 | ₹ 94.9175 | 0.46% ↑ |