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One nation, one KYC could unlock the next phase of mutual fund growth, says SBI Funds
DP Singh, Joint CEO and RS Srinivas Jain, Executive President & Chief of Strategy at SBI Funds Management discuss how simpler onboarding could bring millions of new investors into mutual funds, the huge growth opportunity within SBI's customer base, rising SIP inflows, the shift towards higher-margin active equity funds, and the company's long-term growth outlook.
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.
Nifty trades above 24,050; PSU bank shares advance
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 615.77 points or 0.81% to 77,124.25. The Nifty 50 index rose 188.45 points or 0.79% to 24,070.50.
TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying
India's largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager's conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology spending opportunities. The sector is no longer considered expensive, but earnings visibility remains a concern.
Dividend alert! Last day to buy Axis Bank, BSE and 28 other stocks for payouts worth nearly Rs 187 per share. Do you own any?
Under SEBI's T+1 settlement cycle, investors must purchase a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Therefore, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Friday, making them eligible for the dividends.
Analyst picks 2 stocks to buy, 1 to sell as Nifty enters correction zone
Jatin Gedia of Teji Mandi reckons that the Nifty, Bank Nifty have slipped back into the correction zone; he recommends buy on Oil India and Exide Industries.
Axis Bank loses three senior executives amid leadership reshuffle
Axis Bank has seen three senior executives resign from their positions. These departures add to a significant reshuffling occurring within private sector lenders. Anil Agarwal and Vikas Shinde, long-serving executives, have left the bank. Jimmy Tavadia, group head of trading, also resigned from his role. These changes coincide with the lender reorganizing key corporate banking positions.
Axis Bank loses three senior executives amid leadership reshuffle
Axis Bank has seen three senior executives resign from their positions. These departures add to a significant reshuffling occurring within private sector lenders. Anil Agarwal and Vikas Shinde, long-serving executives, have left the bank. Jimmy Tavadia, group head of trading, also resigned from his role. These changes coincide with the lender reorganizing key corporate banking positions.
RBI clears three-year extension for Axis Bank chairman N S Vishwanathan
The Reserve Bank of India has approved the reappointment of N S Vishwanathan as Axis Bank's non-executive (part-time) chairman for a further three-year term, subject to shareholder approval of his reappointment as an independent director.
Quick Wrap: Nifty PSU Bank Index declines 2.72%, NIFTY Tumbles 2.12%
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Share Market Today: Nifty 50, Bank Nifty | July 08, 2026 - Liquide Blog
Share Market Today: Nifty 50, Bank Nifty | July 08, 2026Liquide Blog
Sensex settles 1,677 pts lower; Nifty ends below 23,900 level; VIX zooms 24.85%
The Nifty settled below the 23,900 level. All the sectoral indices ended in the red on the NSE, with PSU bank, private bank and FMCG stocks declining the most.