Reliance, Banking Giants, NBFCs & M&M Set to Dominate Today’s Market Moves – Here’s Why

Market heavyweights flex their muscles as traders brace for volatility.

Reliance Industries leads the charge—again—because when doesn’t it? Banking titans and NBFCs ride the rate-cut hype train, while M&M revs up on EV speculation. All while retail investors scramble to keep up.

Pro tip: If you’re not front-running the ‘smart money’ by now, you’re already late. But hey, someone’s gotta hold the bags.

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S&P’s India credit upgrade to lower cost of borrowings, boost inflows

Mahindra & Mahindra has submitted a letter of interest to the Maharashtra government to acquire 350 acres of land in Igatpuri, Maharashtra, according to a top company official. The Mumbai-based automaker already has manufacturing plants in Nashik and Igatpuri. “We have submitted a letter of interest for 350 acres of land in Igatpuri, which is part of our ecosystem,” Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm sectors Rajesh Jejurikar told reporters here.

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S&P upgrades ratings of 7 Indian banks and 3 NBFCs

The long-term issuer credit ratings on seven Indian banks -- State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Union Bank of India, Indian Bank, and Kotak Mahindra Bank, and three finance companies – Bajaj Finance, Tata Capital and L&T Finance, has been raised by S&P Global Ratings following similar action on the sovereign credit rating on India. The ratings of the 10 aforementioned financial institutions have been upgraded from “BBB-/Positive/A-3” to “BBB/Stable/A-2”.

Published on August 18, 2025

• Reliance Industries Ltd
• State Bank of India
• HDFC Bank Ltd
• ICICI Bank Ltd
• Axis Bank Ltd
• Kotak Mahindra Bank Ltd