Market News

HDFC Mutual Fund pares stake in Sundram Fasteners via ₹358 crore bulk deals

HDFC Mutual Fund sold a 2% stake in Sundram Fasteners for ₹358 crore through bulk deals on NSE and BSE; the stock hit a 52-week low on Wednesday.

Indices slide sharply amid Iran war jitters and crude price spike

The domestic equity benchmarks ended sharply lower on Wednesday as investors turned risk-averse amid escalating geopolitical tensions and a sharp surge in crude oil prices. The ongoing conflict involving the United States, Israel and Iran unsettled global markets, while the reported closure of the Strait of Hormuz pushed oil prices higher, raising concerns over inflation and energy costs. Sentiment was further dented by heavy selling from foreign institutional investors and the rupee slipping to a record low. Against this backdrop, the Nifty closed below the 24,500 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the red, with metal, PSU bank and oil & gas stocks leading the decline.

11 midcap stocks plunge up to 50% from 52-week highs; how FIIs & MFs are positioned

Indian equities slide over 6% from peaks as US–Israel–Iran tensions push crude to 19-month highs. Midcaps are hit hardest, with several stocks plunging 40–50%. FII and mutual fund activity shows selective buying even as broader risk appetite weakens.

Axis Bank Share Price Live Updates: Axis Bank's beta reveals its market dynamics

Stock market crash: What should mutual fund investors do as Dalal Street hit by US-Iran war? Experts share 3 strategies

The Indian stock market experienced a significant downturn on March 2, with the BSE Sensex dropping nearly 1,050 points. Analysts advise investors to maintain long-term strategies and avoid panic selling, as geopolitical risks often have short-lived impacts on the market.

Stock market crash: What should mutual fund investors do as Dalal Street hit by US-Iran war? Experts share 3 strategies - Mint

Stock market crash: What should mutual fund investors do as Dalal Street hit by US-Iran war? Experts share 3 strategiesMint

Vinay Rajani of HDFC Sec suggests HDFC Gold ETF, Oil India shares to buy in the near-term

The Indian stock market fell significantly on March 2, with the Sensex down 2,743 points and the Nifty 50 plummeting over 500 points due to geopolitical tensions and foreign capital withdrawals, resulting in a loss of ₹8 lakh crore in market capitalization.

Fino Payments Bank denies GST evasion, rejects betting links

Fino Payments Bank said it has not evaded GST or promoted betting after its MD & CEO Rishi Gupta was arrested by the Directorate General of GST Intelligence in a probe into alleged illicit fund flows via shell firms and payment aggregators. The bank said the investigation relates to third-party programme managers, not its own compliance, and that all onboarding and invoicing followed regulations.

Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks

Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.

Vishal Mega Mart promoter Samayat Services sells 14% stake for Rs 7,635 crore

Singapore government, MAS and HDFC Mutual Fund pick up over 6% stake in bulk deals at Rs 117 per share.

Vishal Mega Mart bulk deal: Govt of Singapore, HDFC MF buy stakes as promoter sells 14% for Rs 7,636 crore

The Government of Singapore, HDFC Mutual Fund and the Monetary Authority of Singapore bought promoter shares worth thousands of crores in Vishal Mega Mart as Samayat Services LLP offloaded a 14% stake via bulk deals. The stock fell despite solid quarterly profit and revenue growth.

Central Bank of India partners with Canara Robeco AMC to distribute mutual fund products

Shares of Central Bank of India Ltd ended at ₹40.08, down by ₹0.35, or 0.87%, on the BSE.