Market News
Stay updated with the latest market trends, earnings, and economic indicators.
HDFC Bank's review finds no major governance concerns after chairman Atuna Chakraborty's exit, sources say
HDFC Bank's governance review is nearing completion. Law firms are expected to report no significant issues. This development paves the way for the reappointment of CEO Sashidhar Jagdishan. The Reserve Bank of India is reportedly comfortable with this decision. The bank's stability is crucial for the Indian economy. This news has positively impacted the bank's stock.
SEBI sets ₹20,000 crore mutual fund AUM rule to classify significant indices
SEBI clarifies criteria for significant indices, sets AUM threshold, registration rules and review norms to boost transparency and governance for index provider.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades 200-points higher; L&T in focus after results
Sensex Today | Stock Market LIVE Updates: The two indices to watch though, will be Nifty Bank and Nifty IT. The banking index has struggled to hold above 55,000, while IT stocks also contributed to the recent volatility. L&T and Hero Moto, along with SRF, Coforge, Poonawalla Fincorp, and others will react to their results today. Bajaj Auto reports results today along with announcing a share buyback.
Bombay HC quashes FIR against HDFC Bank CEO Sashidhar Jagdishan in Lilavati Trust case
The Bombay High Court has quashed a police complaint against HDFC Bank MD Sashidhar Jagdishan. The court found the FIR to be a counterblast to recovery proceedings. It stated that the complaint lacked justification for investigation. The court also noted the matter stemmed from civil disputes and recovery actions.
Bombay HC quashes ₹2-crore bribery FIR against HDFC Bank CEO Sashidhar Jagdishan
This was in connection with a bribery complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Lilavati Hospital in Mumbai. Shares of HDFC Bank Ltd ended at ₹772.55, down by ₹5.35, or 0.69%, on the BSE today, May 5.
HC quashes Lilavati Trust's bribery case against HDFC Bank CEO
The Bombay High Court has dismissed a bribery case against HDFC Bank MD Sashidhar Jagdishan. The court ruled the complaint was a reaction to the bank's efforts to recover over Rs 65 crore. It cited strained relations between hospital trustees as a factor. The court found no justification for the bribery allegations.
Retail direct equity bets fall, MF holdings rise to new high
Individual investors reduced direct equity ownership for the third consecutive quarter, while mutual fund holdings reached a record high, driven by surging retail inflows. Foreign ownership hit a 14-year low amid a risk-off sentiment, contrasting with domestic institutional holdings climbing to an all-time peak.
Vinay Rajani of HDFC Sec suggests Tata Steel, Linde India shares to buy
The domestic equity benchmarks rallied on May 4, supported by positive auto stock performance and a dip in crude prices. Nifty 50 increased by 1% to 24,236, indicating a consolidation phase as it faces resistance levels, while broader markets may need time to stabilize.
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
Stock markets can deliver years of zero returns, explains DSP Mutual Fund MD, CEO: Key takeaways for investors
Kalpen Parekh, MD and CEO at DSP Mutual Fund, shared an important insight in his post on social media platform X (formerly Twitter) that all markets can have long periods of zero returns.
Sensex Today | Stock Market Highlights: Nifty slips below 24,000; banks drag markets lower
Sensex Today | Stock Market Highlights: The indices ended largely in the red on Tuesday, with the Nifty slipping below the 24,000 mark amid weakness in banking stocks. The Sensex fell 417 points to close at 76,887, while the Nifty declined 97 points to settle at 23,996. The Nifty Bank index dropped 864 points to 55,400 as all constituents, barring Kotak Mahindra Bank, ended lower. PSU banks were among the worst hit, with the sectoral index falling 2% after the RBI finalised ECL norms.
Gainers & Losers: Jio Financial among 7 big movers on Thursday
Indian markets closed lower for a second straight session, with Sensex and Nifty falling over 1%. Selling pressure in IT, auto and financial stocks weighed on indices. Union Bank, Havells declined, while OFSS, Fractal Analytics and Jio Financial Services emerged as key gainers.