Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Stocks of 'Bengal' companies raise a cheer after BJP victory
Shares of several West Bengal companies saw gains on Monday. This followed the BJP's victory in the state assembly polls. Companies like CESC, McLeod Russel India, Dhunseri Tea, Bandhan Bank, and Emami experienced share price increases. Analysts suggest this is a sentiment-driven rally. They advise waiting for policy clarity from the new administration.
Public sector banks rush to build up wealth management assets
The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030.
Public sector banks rush to build up wealth management assets
The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030.
Vodafone Idea eyes ₹25,000 crore SBI-led funding after AGR relief
A State Bank of India led consortium is looking at providing ₹25,000 crore debt funding to Vodafone Idea. This comes after the government significantly reduced the telco's dues. Vodafone Idea is also seeking ₹10,000 crore for working capital. The company plans a three-year turnaround program focusing on network upgrades and 5G expansion.
Mcap of 4 most valued firms surges by ₹2.20 trn, Reliance biggest winner
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 249.29 points or 0.32 per cent. "Markets ended the week with marginal gains, reflecting a volatile and range-bound trading environment amid mixed global and domestic cues," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The week began on a positive note, supported by easing geopolitical tensions and steady progress in Q4 earnings, which lifted initial sentiment, he said. However, gains were gradually capped by rising crude oil prices, weak cues from Asian markets, and persistent foreign institutional investor (FII) outflows, Mishra added. While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance were the gainers from the pack, HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and
SBI Q4 Results: Date, Dividend News, Share Price History, Earnings Call And More
The State Bank Of India will conduct an Analyst Meet on May 8 at 5:15 PM.
SBI promotes 8 CGMs as DMDs in annual reshuffle
State Bank of India has elevated eight Chief General Managers to Deputy Managing Director positions. These promotions align with the bank's annual cycle. New DMDs are being assigned departments as existing officials retire. Several retirements are scheduled between June and September. This strategic move ensures continuity in leadership across key banking functions.
SBI promotes 8 CGMs as DMDs in annual reshuffle
State Bank of India has elevated eight Chief General Managers to Deputy Managing Director positions. These promotions align with the bank's annual cycle. New DMDs are being assigned departments as existing officials retire. Several retirements are scheduled between June and September. This strategic move ensures continuity in leadership across key banking functions.
Indian Bank expects margins to moderate in FY27 on elevated deposit costs
The state-owned lender sees steady FY27 growth but expects NIM compression as funding lags credit demand.
Insurance firms cut stakes in 10 large-cap stocks in Q4 FY26
Insurance companies reduced their stakes in top NSE large-cap stocks from December 2025 to March 2026. This decline, observed in companies like ICICI Bank and State Bank of India, suggests potential waning confidence or strategic reallocation of funds by insurers.
AI to reshape next phase of financial market infrastructure: SBI Chairman CS Setty
State Bank of India Chairman CS Setty foresees artificial intelligence revolutionizing financial markets. AI will enhance risk management and operational efficiency. Institutions like Clearing Corp of India will become pre-emptive risk managers. The future demands intelligent scale and agile systems. Cybersecurity and resilience remain paramount as digitization advances.
RBI move may push govt NBFCs into Upper-Layer NBFC category
The Reserve Bank of India is proposing new rules for classifying large financial companies. State-owned firms like Power Finance Corp and REC may now be considered Upper-Layer NBFCs. This change aims for clearer regulations based on asset size. The RBI's proposal could bring more entities under stricter oversight.