Markets

State Bank of India reported a 6% rise in Q4 net profit and its second-highest-ever annual profit of ₹83,299 crore, but investors stayed cautious. Rising bond yields and margin pressure offset strong loan growth, clouding the near-term earnings outlook.

SBI posted a 5.6% rise in Q4 net profit while Swiggy trimmed losses and Titan, Kalyan Jewellers, and Vedant Fashions grew profits year-on-year. Hyundai India and Urban Company went the other way, with a profit decline and wider losses respectively.

The Indian rupee opened 33 paise weaker at 94.58 per US dollar on Thursday, marking a sharp fall at the start of the session. A weaker rupee raises import costs, especially for crude oil, and could put pressure on inflation and corporate margins.

State Bank of India reported a 6% year-on-year rise in Q4 standalone net profit to Rs 19,684 crore, beating analyst estimates, and declared a dividend of Rs 17.35 per share. The result came despite a fall in operating profit, with improved asset quality cushioning the headline numbers.

Intel shares surged after reports that Apple is in talks to use Intel's chip manufacturing facilities. A deal would validate Intel's foundry push, reduce US reliance on Taiwan-based TSMC, and signal a major shift in global chip supply chains.

Zepto has received Sebi's approval for its IPO and plans to file an updated draft prospectus within two months. The quick commerce firm is targeting an issue size of Rs 8,000, 9,000 crore, with the offering expected to be primarily a fresh share issuance.

India's three state-owned fuel retailers, Indian Oil, HPCL, and BPCL, are losing roughly ₹30,000 crore a month selling petrol, diesel, and LPG below international rates. The sustained losses are weighing on company earnings and pushing their share prices lower.

Jefferies has flagged HDFC Bank's surprise chairman exit as a "major overhang" on the Indian banking sector, disrupting valuation metrics industry-wide. The exit coincided with the chief executive's approaching end of tenure in October, creating a dual leadership uncertainty at India's largest private lender.

India's state-run oil-marketing companies are losing ₹30,000 crore per month on petrol, diesel, and LPG sales, a Union Petroleum Ministry official said. Losses continue despite a government cut in export duties, raising pressure on OMC balance sheets and fuelling speculation over a price revision or direct fiscal

State Bank of India reported a 13% rise in full-year FY26 net profit to ₹80,032 crore, with Q4 profit up 6% to ₹19,684 crore. The bank declared a dividend of ₹17.35 per share, rewarding shareholders including the majority government stakeholder.

Sebi has approved Zepto's IPO, clearing the way for a Rs 12,000 crore public listing expected in 2026. The approval marks a key regulatory milestone for the quick commerce startup as it competes with Blinkit and Swiggy Instamart.

Quick-commerce startup Zepto has received SEBI approval for its IPO and is expected to raise $1.2 billion. The company must file an updated Draft Red Herring Prospectus within six to eight weeks before the listing can proceed.

The BSE Sensex fell 516 points to close at 77,328.19 on Tuesday, its second consecutive losing session, as renewed West Asia tensions dampened investor sentiment. Rising geopolitical risk threatens higher oil prices, which would widen India's import bill and pressure the rupee.

State Bank of India shares dropped 7% after Q4 results showed operating profit falling 16% year-on-year and net interest margins contracting 21 basis points. The margin squeeze signals rising funding costs are outpacing loan yields, raising concerns about near-term profitability across public-sector banks.

State Bank of India posted a net profit of ₹19,684 crore in Q4 FY2026, up 6% year-on-year. As India's largest public sector bank, the result sets the tone for sector sentiment and state-owned bank valuations heading into FY27.

The Nifty 50 dropped to 24,160 as HDFC Bank fell 2.14% to ₹779 and Coal India added to losses. Oil holding above $101 a barrel is compounding pressure on Indian markets by raising import costs and inflation concerns.

US 30-year Treasury bond yields are approaching 5% again, driven by rising oil prices and a resilient US economy. Sustained yields at this level could push up borrowing costs globally and force markets to reprice expectations for Federal Reserve rate cuts.

State Bank of India is releasing its Q4 FY26 earnings today, with net profit, net interest income, and asset quality as the main metrics in focus. As India's largest lender, SBI's results will set sentiment across public sector banking stocks.

SBI is expected to report a 4% rise in net profit for Q4 FY26, held back by treasury losses, while net interest income is forecast to grow 8% year-on-year. Investors are also watching for the dividend announcement, which signals the bank's capital confidence heading into FY27.

SBI, Bank of Baroda, Titan, Swiggy, Dabur, Lupin, MRF, and around a dozen other companies report Q4 FY2026 earnings on May 8. Results span banking, consumer goods, pharma, and new-economy platforms, offering a broad read on corporate India's health this earnings season.