Market News

Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit

The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...

Bank Holidays In June 2026: Banks To Remain Shut For 11 Days; Check State-Wise List Here

Online services remain available during bank holidays.

State Bank of India prices USD 200 million notes at 4.50% - scanx.trade

State Bank of India prices USD 200 million notes at 4.50%scanx.trade

Listed banks earned a record profit of ₹4 lakh crore in FY26

Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders SBI, HDFC Bank, and ICICI Bank contributed over half of this aggregate. Private banks slightly outpaced state-run banks in profit share. This growth faced headwinds from rising bond yields and a cap on net open positions.

Listed banks earned a record profit of ₹4 lakh crore in FY26

Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders SBI, HDFC Bank, and ICICI Bank contributed over half of this aggregate. Private banks slightly outpaced state-run banks in profit share. This growth faced headwinds from rising bond yields and a cap on net open positions.

HDFC Bank ends lower amid reports of alleged irregular payments to MSRDC

HDFC Bank declined 2.63% to settle at Rs 758.50 following media reports alleged that the bank had made unauthorized payments to a state government agency, MSRDC to attract deposits.

SBI Share Price Live Updates: SBI strike on May 25 and 26? Will State Bank of India branches be open or closed for two days?

State Bank of India Annual Report FY 2025-26: Net Profit at ₹80,032 Crore, Total Business Crosses ₹109 Lakh Crore - scanx.trade

State Bank of India Annual Report FY 2025-26: Net Profit at ₹80,032 Crore, Total Business Crosses ₹109 Lakh Crorescanx.trade

HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest payments

HDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Corporation. The Audit Committee ordered the probe into funds allegedly routed through the marketing department as 'differential interest' for a road safety campaign, with senior management, including CEO Sashidhar Jagdishan, reportedly involved in the decision.

Use the SBI dip as a 'buying' opportunity; CLSA says projecting 32% upside

Despite the recent correction seen in shares of SBI, none of the 49 analysts who have coverage on State Bank of India, the country's largest lender, have a "sell" rating on the stock.

HDFC Bank share price falls over 2% after report flags internal probe into ₹45 crore interest payments to MSRDC

A report said that an internal vigilance probe at HDFC Bank examined “differential interest” payments amounting to ₹45 crore made to the Maharashtra State Road Development Corporation (MSRDC).

HDFC Bank Over SBI: Why Are Analysts Turning Bullish On Private Banks vs PSU Banks?

Shah also said State Bank of India remains his preferred PSU banking play because of its growth visibility and stronger positioning relative to peers.