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IndusInd Bank clarifies it has not received regulatory communication on whistleblower complaint
IndusInd Bank on Wednesday clarified that it has not received any communication from any government or regulatory authority regarding the whistleblower complaint referred to in recent media reports.
Sensex recovers 850 points from day’s low, Nifty closes above 23,400. One big reason behind sharp market rebound!
Indian stock markets staged a strong comeback on Wednesday afternoon. This recovery followed earlier sharp declines. Media reports indicated the government plans to cut taxes and remove ownership caps on certain bonds. This news significantly boosted investor confidence. The Sensex and Nifty recovered most of their morning losses. Foreign investors remained net sellers of Indian equities.
Benchmarks trade with significant losses; media shares skid
The Nifty traded below 23,450 mark. Media shares declined after advancing in the past two consecutive trading sessions.
RBI dismisses reports of gold sale, says holdings unchanged at 880.52 tonnes
In a statement, the RBI said reports in certain sections of the media regarding the sale of gold by the central bank were "not correct". It added that its physical stock of gold remains unchanged at 880.52 tonnes.
Market trade near day's high; European mrkt advance
IT, consumer durables and auto shares advanced while pharma, media and oil & gas shares declined.
Sensex drops 265 pts; media shares decline
At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 265.04 points or 0.36% to 74,000.21. The Nifty 50 index lost 104.65 points or 0.45% to 23,277.95.
Zee secures FIFA World Cup broadcasting rights
Zee Entertainment Enterprises has acquired media rights for the FIFA World Cup 2026 and 2030 in India. This move signals Zee's re-entry into sports broadcasting with its upcoming Unite8 Sports channels. The deal concludes extensive negotiations after previous talks with JioStar faltered. Industry sources estimate the value to be over $40 million.
Market at day's low; European mrkt decline
PSU Bank, FMCG and Auto shares witnessed selling pressure while IT, Media and metal shares advanced.
Saregama India Ltd gains for third straight session
Saregama India Ltd is quoting at Rs 447.4, up 5.48% on the day as on 12:49 IST on the NSE. The stock is down 18.19% in last one year as compared to a 4.79% slide in NIFTY and a 16.39% slide in the Nifty Media index.
Zee Entertainment Enterprises Ltd spurts 3.64%, up for fifth straight session
Zee Entertainment Enterprises Ltd is quoting at Rs 96.5, up 3.64% on the day as on 12:44 IST on the NSE. The stock is down 24.58% in last one year as compared to a 4.86% slide in NIFTY and a 16.45% slide in the Nifty Media.
Zee Entertainment shares surge 20% in 5 days. What's behind the rally?
Zee Entertainment shares rallied 20% over the past five trading sessions, hitting a nearly six-month high and adding more than Rs 1,660 crore to the company's market value. The surge has been driven by expectations that Zee could secure the India media rights for the 2026 FIFA World Cup.
Penny stock to be in focus on Monday; here's why
Zee Media Corporation reported a significant financial turnaround for Q4 FY26, with a reduced net loss of ₹14.32 crore, down from ₹22.68 crore. The company returned to profitability for the full year, posting a net profit of ₹16.93 crore, aided by improved revenue and cost management.