February 7, 2026

Vedanta Stock Rises 4.36% on Talks to Buy 51% Stake in Cairn India for $8-8.5 Billion

Vedanta’s stock jumped 4.36% on BSE after reports said it is in talks to buy a 51% stake in Cairn India for $8-8.5 billion. Analysts expect a stock rally on the deal news set for August 16 announcement.

February 7, 2026

SpiceJet Hits Rs 68.45; Bombay Dyeing Climbs 12% to 52-Week High

SpiceJet's stock surged to Rs 68.45, reaching a 52-week high before closing at Rs 66.05, up 8%. Bombay Dyeing also soared to its highest in a year, rising 12% to Rs 661.55. Godrej Properties added 3%, closing at Rs 776.40. The market watches closely for future moves amid strong momentum.

February 7, 2026

Indian Firms Lose $150 Billion, Face Big Drops in FT Global 500 Rankings

Fourteen Indian companies in the FT Global 500 have lost $150 billion in value in Q1 2008. Reliance Industries leads but dropped 15 spots. Some giants like IOC and HDFC have fallen off the list.

February 7, 2026

Sensex Hits Resistance; Medium-Term Outlook Hinges on Key Support Levels

Sensex’s sharp rise is now facing strong resistance between 15026 and 15390 points. The medium-term trend depends on crucial support at 14104 points. A fall below that could push the index down to 13513 points, while breaking resistance could lead to gains above 16600 points.

February 7, 2026

Rupee Fall Hits Indian Companies with Foreign Currency Loan Losses

Due to rupee depreciation, Indian firms face big accounting forex losses on foreign loans. Tata Steel, Tata Motors, and others report hundreds of crores in mark-to-market losses, affecting profits but not cash flow.