Market News
Stay updated with the latest market trends, earnings, and economic indicators.
HDFC Bank redeploys staff to customer-facing roles as tech efficiencies take hold: CEO Jagdishan
HDFC Bank is shifting employees to customer-facing roles, leveraging technology for efficiency gains. The bank is accelerating AI investments to improve customer communication and tackle fraud. Cybersecurity defenses have been strengthened against evolving digital threats. HDFC Bank's in-house AI model, Neev, supports these security and operational enhancements. Governance issues were addressed following a chairman's resignation and subsequent investigation.
Indices trade higher; European mrkt advance
PSU Bank, Realty and IT shares advanced while pharma and FMCG shares declined.
Stock Picks Today: Dr Lal Path, Axis Bank, Syrma SGS, Delhivery, And More On Brokerages' Radar
Brokerages' Radar
Market ends higher: 3 factors that helped Sensex, Nifty snap two-day losing streak
Bharti Airtel, HDFC Bank and Sun Pharma were the biggest contributors to the Nifty's gains. The Nifty Bank index climbed 510 points to 57,252, while the Midcap index outperformed, rising 844 points to 62,167.
Buy, Sell Or Hold: L&T, Avenue Supermarts, Canara Bank, Uno Minda And Lupin — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
RBI to conduct Rs 25,000-cr overnight variable rate repo auction
The Reserve Bank of India (RBI) on Tuesday said it will conduct an overnight variable rate repo (VRR) auction for a notified amount of Rs 25,000 crore on July 8. The auction will take place between 9:30 am and 10:00 am on Wednesday, and the funds will be reversed on July 9, according to the RBI's notification. "On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, July 8," the RBI said in a release.
Stocks in news: Adani Enterprises, Cochin Shipyard, IDFC First Bank, Premier Energies, Glenmark Pharma
Markets traded subdued on the weekly expiry day, with indices ending marginally lower. Cochin Shipyard's offer for sale saw strong investor demand on its first day. Adani Enterprises' US legal case faces a likely dismissal by federal prosecutors. IDFC First Bank launched provident fund payment services through its EPFO integration. Premier Energies secured significant orders, and Glenmark Pharma launched a generic drug in the US.
Vatika Hotels refinance Rs 550 crore debt with Kotak
Vatika Hotels has refinanced Rs 550 crore debt with Kotak Mahindra Bank. This move marks the exit of India Special Assets Fund III from the company. The hotel owner experienced financial stress during the Covid-19 pandemic. Vatika Hotels' debt has significantly declined after restructuring and equity infusion. The company now holds a BBB investment-grade rating, reflecting improved financial health.
IndusInd Bank among 6 stocks to hit 52-week highs & rally up to 25% in a month
Six BSE 100 stocks, including Cholamandalam Investment, IndusInd Bank and Lupin, touched fresh 52-week highs as the Sensex climbed 521 points. The milestone reflects strong buying interest, positive momentum and growing investor confidence amid the broader market rally.
TPG acquires Aseem Infrastructure from NIIF with GIC, ICICI backing
Global private equity firm TPG is acquiring a full stake in Aseem Infrastructure Finance, a leading sustainable infrastructure debt financier. Partnering with Singapore's GIC and ICICI Bank, TPG's climate investing platform will take over the company, which has funded significant renewable energy and power transmission projects. Aseem Infrastructure, founded by NIIF, has disbursed over Rs 40,000 crore in loans, contributing to substantial greenhouse gas emission reductions.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Shriram Finance, Piramal Pharma shares on 6 July
Indian benchmark indices, Sensex and Nifty 50, opened higher on July 6, driven by gains in private banking stocks following strong quarterly updates from HDFC Bank and Axis Bank. Market breadth was positive with 14 of the 16 major indices in the green.
Yes Bank shares gain 2% after Q1 advances rise 18% to Rs 2.85 lakh crore, deposits up 14%
Yes Bank shares climbed 2% following a robust Q1 FY27 business update. The private lender reported an 18.4% year-on-year surge in loans and advances, reaching Rs 2.85 lakh crore. Deposits also saw a healthy 14% YoY increase to Rs 3.15 lakh crore. The bank's Liquidity Coverage Ratio improved significantly, indicating strong financial health. These positive developments have boosted investor confidence.