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SBI Looks at Nearly ₹5,000 Crore Payout from Early NSE Stake Sale in IPO
MUMBAI, June 18, 2026, 19:46 IST State Bank of India is looking to turn a ₹1.98 crore investment into as much as ₹5,000 crore as the National Stock Exchange of India heads for an IPO. SBI’s selling up to 24.75 million shares it picked up at an average price of ₹0.80 each. Unlisted-market trading puts the latest price at ₹2,055 a share, which would put SBI’s holding at about ₹5,086 crore before taxes and fees. NSE has finally filed its draft red herring prospectus, looking to list nearly ten years after it first tried. The exchange started the process back
HDFC Bank shares rise 1.5% as RBI extends Keki Mistry’s interim chair term
MUMBAI, June 18, 2026, 18:49 IST HDFC Bank shares gained on Thursday before the Reserve Bank of India approved a three-month extension for interim part-time Chairman Keki Mistry after the market closed, removing the immediate risk of a vacancy at India’s largest private lender. (Reuters) The move had begun before the formal confirmation. HDFC Bank rose as much as 1.7% to 800.50 rupees in morning trade and was the largest positive contributor to the Nifty 50 as investors anticipated progress in the chairman-selection process. (Moneycontrol) The broader market helped.
Accenture shares fall after weak bookings and guidance cut rattle market, $4.18 billion cyber deal in focus
NEW YORK, June 18, 2026, 08:14 (EDT) Accenture stock dropped before the open Thursday. The consulting firm trimmed its annual revenue-growth ceiling and posted softer new bookings, even with a quarterly profit gain and its $4.18 billion cybersecurity deal. (Financial Times) The report throws the IT-services debate back into focus: can artificial intelligence drive big new transformation deals to balance out slower classic consulting work? Accenture claims clients are stepping past AI pilot phases, though investors still want that pickup to show in orders and organic growth numbers.
Bajaj Auto Buyback Gets Shareholder Nod, Record Date on June 24 as Motilal Oswal Remains Neutral
Mumbai, June 18, 2026, 16:42 IST Bajaj Auto said Thursday it got shareholder approval for its ₹56.33 billion share buyback. Its buyback committee picked June 24 as the record date to determine eligible investors. The plan is to buy back up to 4.694 million shares at ₹12,000 apiece. (The Economic Times) The stock settled at ₹10,095, climbing 0.53%. The offer stands about 19% above where shares trade now. Motilal Oswal put a target at ₹10,025, which is a bit under Thursday’s closing price. That clash helps explain why the market didn’t run: the buyback gives a clear cash return, but
Bata India jumps 16.6% after ex-Nike exec Sanjay Rao named CEO
Mumbai, June 18, 2026, 15:39 (IST) Bata India jumped almost 17% Thursday after the company said Sanjay Rao, who used to run Nike’s retail business, will take over as CEO. Shares were among the top performers on the National Stock Exchange in the afternoon. (Moneycontrol) Bata India is in the spotlight after wrapping up a tough financial year. The company posted a March-quarter net profit of ₹2.21 crore, down from the previous period, while revenue gained 5%. Margin recovery and consistent growth are now key issues.
Glencore Drops 2.5% After Broker Downgrade and Copper Pullback
LONDON, June 18, 2026, 10:11 BST Glencore shares dropped roughly 2.5% at the open in London on Thursday after a new broker downgrade and as copper prices slipped. The stock changed hands near 568.7 pence, down from Wednesday’s finish at 583.2 pence. (Trading Economics) Glencore shares have dropped about 20% from their 52-week high of 707.2 pence set on June 3, giving back some of the rally that almost doubled the stock over the last year. Now investors are weighing how much of Glencore’s copper outlook is baked into the price.
India Gold and Silver Prices Slide as Fed Rate Signal Hits MCX Futures
New Delhi, June 18, 2026, 14:42 IST Indian gold and silver futures fell sharply on Thursday, with silver taking the heavier hit, after the Federal Reserve’s unexpected tilt towards higher interest rates prompted fresh selling. August gold opened at ₹152,306 per 10 grams, down about 1%, while July silver opened at ₹248,000 and later slid to ₹245,509 per kilogram. (Live Hindustan) The weakness spread to physical-market benchmarks. Gold of 999 purity — equivalent to 24 carats — dropped ₹816 from Wednesday evening to ₹149,332 per 10 grams.
L’Oréal Agrees to Buy Majority Stake in Innovist, Owner of Bare Anatomy
NEW DELHI, June 18, 2026, 14:02 (IST) L’Oréal said it will buy a majority stake in Innovist, an Indian personal-care startup. The deal gives L’Oréal control of a set of fast-growing haircare and skincare brands as it looks for a bigger piece of India’s beauty market. Closing is expected in the next few months, depending on regulatory sign-off. (ETStartup.com) L’Oréal is making the purchase after saying its India unit has been underperforming.
Sensex, Nifty Cool After Four-Day Run as Fed Weighs on India Stocks
Mumbai, June 18, 2026, 04:32 IST Indian stocks may open weaker on Thursday, coming off their longest winning streak in two months. The cash market was shut at the time of publication, but June 18 isn’t marked as a trading holiday by the National Stock Exchange. (NSE India) Fed signals more hikes after Mumbai close; US indexes slide The Fed held its target rate at 3.50%-3.75% after Mumbai trading, but nine officials saw at least one more hike by end-2026. The Dow lost 0.98%, S&P 500 was down 1.21%, and the Nasdaq gave up 1.34%. Michael James, equity sales trader
IDBI Bank surges 17% on heavy trade as privatization speculation heats up
MUMBAI, June 18, 2026, 03:36 IST IDBI Bank jumped on Wednesday, with strong trading volumes pulling the LIC- and government-backed lender back into focus among India’s privatisation names. The move fueled talk that New Delhi could still act on the shelved sale. IDBI jumped 12% to ₹86.25 by early afternoon as trading volumes spiked more than three times, with 69.7 million shares traded across NSE and BSE, Business Standard said. After the close, the stock stood near ₹90.4, putting it among the stronger movers in banking for the day. (Business Standard) The timing is key here.


















