Market News

Sebi may widen 50% overlap rule to thematic passive mutual fund schemes

Curb on number of smart-beta schemes also likely; move aimed at curbing proliferation in segment

Ajanta Pharma promoter sells ₹1,024 crore stake; mutual funds step in as buyers

A promoter entity of Ajanta Pharma has sold a 2.8% stake in the drugmaker for over ₹1,000 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund emerging as the key buyers.

Promoter sells Rs 1,024 crore worth of Ajanta Pharma shares in block deal to Kotak MF and ABSL MF

A promoter entity of Ajanta Pharma sold shares worth over Rs 1,024 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund acquiring the stake. The transaction comes amid strong earnings growth, healthy margins and sustained momentum in the company’s pharmaceutical business.

INR recovers momentum as local equities rebound; recent oil and dollar spike fades amid signs of easing geopolitical tensions

The Indian rupee recovered momentum to settle higher by around 28 paise at Rs 95.31 per dollar on Tuesday, supported by retreating international oil prices and small pullback in dollar overseas. Meanwhile, local equities also rebounded from two-month lows as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward. Geopolitical tensions eased somewhat, the dollar weakened and Brent crude futures fell below $93 a barrel as Israel and Iran agreed to halt attacks against each other following a series of mutual attacks from Sunday night, which marked the most serious escalation since the ceasefire in April. The BSE Sensex settled 394.50 points (0.54%) higher at 73,918.76, while the NSE Nifty 50 advanced 119.10 points (0.52%) to close at 23,242.10.

Should You Own More Gold? Experts Weigh In After ETF Restrictions Across Mutual Funds

Both advisors argued that the discussion should not be limited to gold. Instead, it should prompt investors to think more broadly about diversification.

Rajiv Bajaj to step down from Bajaj Finserv board, will not seek re-election at 2026 AGM

Bajaj Finserv's non-executive director Rajiv Bajaj will exit the board due to increased responsibilities at Bajaj Auto. He will not seek re-election at the upcoming AGM. Details here.

Rajiv Bajaj to step down from Bajaj Finserv board, cites growing responsibilities at Bajaj Auto

Bajaj Finserv announces non executive director Rajiv Bajaj will step down at the July 31 AGM, citing growing responsibilities at Bajaj Auto.

Rajiv Bajaj to step down from Bajaj Finserv board, cites growing responsibilities at Bajaj Auto

Rajiv Bajaj will step down as a non-executive director of Bajaj Finserv, not seeking re-election at the July 31, 2026 AGM. Citing increased responsibilities at Bajaj Auto, including oversight of new businesses and the KTM acquisition, he aims to reduce external commitments. This follows his recent departure from the Bajaj Finance board.

Sensex Today Trades Higher | Nifty Above 23,200 | ICICI Bank & Bajaj Finance Top Gainers - Equitymaster

Sensex Today Trades Higher | Nifty Above 23,200 | ICICI Bank & Bajaj Finance Top GainersEquitymaster

Bajaj Finserv Share Price Live Updates: Bajaj Finserv Trading Volume Insights

Stocks To Watch Today: Bajaj Finserv, Titan, Brigade Enterprises, RVNL, Grasim Industries & More

Here's a look at stocks that are likely to be in focus during the trading session on Tuesday.

Sebi reviews broker net-worth norms, IPO price discovery framework

Market regulator is examining broker capital requirements, IPO auction mechanisms, mutual fund liquidity rules and corporate bond market reforms to improve efficiency