Why is Kongsberg stock surging today?

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  Domestic equities surged alongside softening crude oil prices, providing critical relief to the Indian currency after it touched an intra-day two-week low. Broader momentum was curbed by greenback strength following the US Federal Reserve's decision to maintain interest rates with a hawkish tilt. Investors are now assessing geopolitical tensions and impending American economic data to determine the currency's near-term trajectory.

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• Lloyds executive criticises Healey for linking bank tax rises to energy bill support

  Financial sector leaders are pushing back against government plans to double the banking surcharge to fund household relief measures. Industry figures warn that using commercial bank levies to subsidise unrelated cost-of-living expenses threatens international competitiveness and domestic lending capacity. The dispute highlights growing corporate friction with the Treasury over the predictability of fiscal policy.

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• Kotak Mahindra Bank shares gain over 4%, hit highest level since April 2025; here’s what you should know

  Robust quarterly earnings and an industry-wide rally have bolstered investor confidence in the private lender, prompting multiple domestic brokerages to issue upgraded targets up to ₹550. Core income expansion and declining credit provisions served as primary catalysts for the market rebound. Concurrently, legal protections have intensified as judicial authorities acted to eliminate widespread online impersonation schemes targeting the financial group.

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