The Reserve Bank of India (RBI) has amended capital adequacy norms, allowing banks to factor in current financial year's quarterly profits for Capital to Risk-Weighted Assets Ratio (CRAR) calculations, subject to specific conditions.

Ujjivan Small Finance Bank [UJJIVANSFB] reported an impressive 238% surge in its Q4 net profit, reaching ₹282 crore, driven by strong business growth and improved asset quality. The bank also announced a significant ₹2,000 crore fundraising plan for future expansion.

Niva Bupa Health Insurance has announced impressive financial results for the fourth quarter of the fiscal year, with net profit soaring by 67% to ₹345 crore. The company also saw its total income rise significantly during the period, highlighting robust performance in India's growing health insurance sector.

End-of-day market summary for 2026-05-08

Bank of Baroda [BANKBARODA] announced a record net profit of ₹5,616 crore for Q4 FY24, driven by strong Net Interest Income and improved asset quality. The bank also unveiled FY27 growth guidance and a ₹6,000 crore capital raising plan.

Titan Company Limited [TITAN] has announced a significant 35% rise in its Q4 FY26 net profit, reaching ₹1,179 crore, primarily propelled by strong demand for its jewellery and premium watch segments.

Despite a generally subdued market, six prominent BSE 100 stocks, including Bajaj Auto and Titan Company, have surged to their 52-week highs, demonstrating remarkable resilience and delivering returns of up to 22% in just one month.

Bank of Baroda [BANKBARODA] announced an 11.2% year-on-year increase in its Q4 consolidated net profit, reaching ₹5,616 crore, bolstered by healthy net interest income growth and improved asset quality.

Kalyan Jewellers India Limited [KALYANKJIL] reported a stellar performance for Q4 FY26, with net profit more than doubling to ₹410 crore, driven by robust demand and strong gold prices.

Tata Consumer Products [TATACONSUM] reported robust Q4 results, with consolidated net profit surging 21% year-on-year to ₹419 crore, and revenue from operations growing 18% to ₹5,434 crore.

Indian equities experienced a sharp decline on Friday, influenced by rising US-Iran tensions and a weakening rupee. Major stocks like State Bank of India [SBIN] and Britannia Industries [BRITANNIA] saw significant falls following their earnings reports.

The upcoming 2026 FIFA World Cup is poised to be the most data-intensive sporting event ever, driven by AI and real-time analytics, potentially fueling valuations for technology and data centre infrastructure providers.

State Bank of India [SBIN] has declared a final dividend of ₹17.35 per share for FY26, following a stellar financial year with significant profit growth and improved asset quality.

Biocon [BIOCON] announced a significant 63% year-on-year fall in its fourth-quarter net profit, primarily attributed to exceptional charges. Despite the profit decline, the company showcased growth in its core businesses and successfully completed key strategic integrations, while also recommending a final dividend of ₹0.50.

ZFunds has launched ZIVA, India's first AI assistant for wealth managers and mutual fund distributors, aiming to streamline workflows, enhance client engagement, and automate portfolio analysis, promising increased efficiency and reduced workload.