Anand Rathi Share and Stock Brokers posted a 126% year-on-year jump in net profit for Q4, driven by non-broking business segments rather than its core trading and brokerage operations. The growth signals a deliberate diversification away from transaction-dependent revenue, with margin funding and distribution businesses emerging as primary profit contributors. Assets under management rose alongside the earnings print, reinforcing the structural shift in the firm's revenue mix. Broking revenue remained under pressure, reflecting broader industry softness in retail trading volumes during the quarter. The margin expansion component of the result is the more durable signal here: if non-broking income can sustain its growth trajectory, the firm's earnings become less exposed to market volume cycles. Investors will watch whether AUM growth continues to compound and whether margin funding income holds up as interest rate conditions evolve. Distribution fee income from mutual funds and other products adds a recurring revenue layer that supports valuation re-rating discussions in the listed wealth and broking sector.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
