Forum Markets shares surged 19% after its board announced the revival of a share buyback program alongside the launch of a formal strategic review. The two moves together signal that the board is actively addressing what has likely been a period of underperformance or investor pressure, though specific financial figures behind the decisions were not disclosed. Share buybacks reduce the float, mechanically supporting earnings per share and signaling board confidence in the stock's intrinsic value. A concurrent strategic review broadens the optionality, typically encompassing asset sales, mergers, or operational restructuring as pathways to unlock value. The 19% single-session move reflects the market's read that both actions together suggest genuine urgency rather than routine capital allocation. Investors should watch for the scope and timeline of the strategic review, any buyback volume or price ceiling disclosed, and whether an adviser mandate or deadline accompanies the announcement, as those details will determine whether the rally holds.
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.
