Today: 13 May 2026
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NSE:THERMAX 8 May 2026

India Stock Market Today: Sensex Drops 665 Points, Nifty Falls Below 24,150 As Oil Shock Hits Dalal Street

India Stock Market Today: Sensex Drops 665 Points, Nifty Falls Below 24,150 As Oil Shock Hits Dalal Street

The BSE Sensex dropped 665.35 points to 77,179.17 and the Nifty 50 fell 186.45 points to 24,140.20 by 2 p.m. IST Friday, as Brent crude topped $100 a barrel and the rupee slipped 0.3% to 94.5325 per dollar. Foreign investors sold 340.89 crore rupees in equities Thursday, while domestic funds bought 441 crore rupees. Britannia shares fell up to 5% after announcing price hikes due to higher freight costs.
8 May 2026
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Stock Market Today

  • Fervo Energy IPO Soars 33% Driven by AI Data Center Energy Demand
    May 13, 2026, 2:59 PM EDT. Fervo Energy, a geothermal startup, surged 33% on its Nasdaq debut, pushing valuation past $10 billion. The company raised $1.89 billion in an upsized IPO, fueled by strong investor appetite tied to AI data center demand for reliable power. Fervo employs enhanced geothermal methods, using directional drilling to tap Earth's heat. Its Cape Station plant in Utah aims to generate 500 megawatts, potentially expanding up to 4 gigawatts based on site capacity. The raised $500 million above expectations provide financial flexibility for expansion. Growing interest also comes from companies seeking direct connections, highlighting Fervo's strategic position in clean energy for tech infrastructure.

Latest articles

Palantir Stock Slides as Zelenskiy Meeting Puts War-AI Bet in Focus

Palantir Stock Slides as Zelenskiy Meeting Puts War-AI Bet in Focus

13 May 2026
Palantir shares fell 4.4% to $129.97 Wednesday as CEO Alex Karp met President Volodymyr Zelenskiy in Kyiv to discuss expanding AI use in Ukraine’s war effort. Kyiv’s Brave1 Dataroom project, launched with Palantir, is training AI models to intercept Russian drones. Russia fired at least 800 drones at Ukraine on Wednesday, killing six. Palantir’s U.S. government and commercial revenue surged in the first quarter.
Why Grab Holdings Stock Is Back Under Pressure After a Big Q1 Beat

Why Grab Holdings Stock Is Back Under Pressure After a Big Q1 Beat

13 May 2026
Grab shares fell 1.1% to $3.60 in New York after first-quarter revenue beat estimates, rising 24% to $955 million. Profit jumped to $120 million from $10 million a year earlier. Investors weighed strong results against Indonesia’s new 8% ride-hailing commission cap. Grab kept its 2026 revenue and adjusted EBITDA outlook unchanged.
SoFi Bought a Key IPO Access Tool. The Stock Is Still Telling a More Cautious Story

SoFi Bought a Key IPO Access Tool. The Stock Is Still Telling a More Cautious Story

13 May 2026
SoFi acquired PrimaryBid’s technology to expand IPO access for retail investors, confirmed by both companies. SoFi shares fell 2.9% to $15.44 after Truist cut its price target, citing concerns over loan and technology platforms. The acquisition follows a drop in technology-platform accounts and comes as SoFi reported strong first-quarter revenue and member growth. Terms of the deal were not disclosed.

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UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

13 May 2026
UiPath Inc. shares dropped 5.9% to $9.42 on Wednesday, with trading volume above 22 million, after the company launched a new integration for AI coding agents but investors waited for clearer demand signals ahead of its May 28 earnings call. UiPath reported fourth-quarter revenue of $481 million, up 14%, and reached full-year GAAP profitability for the first time.
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