SBI board has approved raising up to $3 billion in long-term funds via senior unsecured notes in FY26. The capital will be mobilised through public or private placements in USD or other major currencies. The fundraising, approved by the Executive Committee, will occur in one or more tranches under Reg-S/144A.

United Ltd (UBL) has leased a new facility in Andhra Pradesh to boost Kingfisher production and strengthen its supply chain. Following excise approval, the expansion aims to meet rising demand and improve distribution efficiency. Earlier, UBL reported strong Q4 results, with a 20.5% rise in net profit and expects double-digit growth in FY26 led by premiumisation.

IRCON International shares:IRCON International reported a 3.8% year-on-year (YoY) decline in net profit to Rs 246.8 crore for the fourth quarter ended March 31, 2024, compared to Rs 256.5 crore in the same period last year.

Investors often underperform mutual funds due to poorly timed decisions like frequent switching and chasing trends, creating a "return gap." Kaustubh Belapurkar advises diversifying, automating tasks, and avoiding volatile funds to improve returns. Despite recent dips in equity inflows, strong market performance and continued SIP investments signal resilience, though thematic fund popularity raises concerns about timing risk.

Mirae Asset s Siddhant Chhabria anticipates a multi-year consumption upcycle in India, fueled by easing inflation, tax reliefs, and a rural rebound. The fund is overweight on consumer discretionary stocks, expecting them to outpace staples due to faster growth potential and margin recovery. He highlights the potential impact of the 8th Pay Commission and tax benefits on discretionary spending.

Coal India is progressing with listing its subsidiaries, Bharat Coking Coal Ltd and Central Mine Planning and Design Institute, with draft documents soon to be filed. The company has appointed managers for the IPOs, contingent on market conditions.

Ace investor Mukul Agrawal added Onesource Speciality Pharma and Jagsonpal Pharma to his portfolio in the March quarter while exiting six stocks, including Ethos and Ceat.

Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests the market is experiencing sector and stock rotations, with investors shifting from significantly appreciated stocks like Reliance to previously neglected sectors such as metals, public sector banks, and IT.

The Nifty futures ended in the red on Tuesday, declining by 0.78% to settle at 24,782 levels. Meanwhile, India VIX edged up slightly to close at 17.38 in the previous session.

Indian stock markets saw a positive start on Wednesday. Sensex and Nifty50 both opened with gains, recovering from a previous dip. Banking, auto, and IT sectors led the market rally. Sun Pharma, Maruti Suzuki, and HDFC Bank were among the top performing stocks. However, concerns about foreign fund outflows could limit further market gains.