Market News Today
Short, clear stories on what's moving Indian markets: IPOs, stocks, commodities, crypto and more.
FCNR(B) Deposit Mobilisation Starts Slow, Banks Confident of Meeting September Targets
ndia's special Foreign Currency Non-Resident Bank [FCNR(B)] deposit scheme has witnessed a slower-than-expected start, with banks mobilising only $3–6 billion in the first six weeks. However, lenders remain optimistic that collections will pick up in the coming months and help achieve the industry's...
Banks Yet to Clear ₹35,000 Crore Funding for Vodafone Idea, Seek Stronger Promoter Commitment
Vodafone Idea's (Vi) long-awaited ₹35,000 crore fundraising plan is still awaiting final approval, as lenders continue to seek stronger financial commitments from the company's promoters before releasing fresh funds.
Sensex Falls Over 600 Points, Nifty Slips Below 24,200: 6 Key Reasons Behind Today's Market Sell-Off
Indian equity markets witnessed a sharp decline as the BSE Sensex plunged over 600 points, while the Nifty 50 slipped below the 24,200 mark, eroding investor wealth amid broad-based selling across sectors.
₹91,000 Crore Wipeout: Why Did HDFC Bank, Axis Bank, and Kotak Mahindra Bank Shares Fall Despite Strong Credit Growth?
HDFC Bank, Axis Bank, and Kotak Mahindra Bank reported healthy credit growth in their latest quarterly business updates. However, despite the strong lending numbers, the three banking stocks witnessed sharp selling pressure, resulting in a combined market capitalization erosion of nearly ₹91,000 cro...
US No Longer Reliable? India Should Reconsider Chinese Investment, Says PM Economic Adviser
Amid a rapidly changing global trade landscape, Rakesh Mohan, a member of the Prime Minister's Economic Advisory Council (PMEAC) and former RBI Deputy Governor, has suggested that India should reconsider its policy on Chinese investments. According to him, India should diversify its economic partner...
IT Stocks Bounce Back After Two-Day Decline; Key Factors Behind Market Rally
Indian IT stocks witnessed a strong recovery on Thursday after facing selling pressure for the previous two sessions. The sector saw renewed buying interest, with several IT shares gaining up to 2.5% during the trading session.
MSCI India Rejig May Add 12 Stocks, Trigger $2-3 Billion Passive Inflows
MSCI India’s upcoming index reshuffle has put several Indian stocks in focus, with up to 12 companies expected to be added to the MSCI India Standard Index. The rejig could attract around $2-3 billion in passive foreign fund inflows, as global funds tracking MSCI indices adjust their portfolios.
ICICI Lombard Shares Crash 15% After Q1 Profit Falls 46%, Stock Hits 52-Week Low
Mumbai: Shares of ICICI Lombard General Insurance witnessed heavy selling pressure, falling nearly 15% and hitting a 52-week low after the company reported a sharp decline in its first-quarter earnings.
South Korea Raises Interest Rates for the First Time Since 2023, KOSPI Crashes 7.68%
Seoul: South Korea’s central bank, the Bank of Korea, has raised interest rates for the first time since 2023. The central bank increased its policy rate to 2.75%.
HCLTech Bets Big on AI: ₹3,500 Crore Data Centre Investment Sparks Growth vs Capital Concerns
HCLTech has announced a ₹3,500 crore investment to build AI-focused data centre infrastructure, marking one of the company's biggest bets on the rapidly growing artificial intelligence ecosystem. The move reflects HCLTech's strategy to strengthen its presence beyond traditional IT services and capit...
Crude Oil Hits One-Month High, IndiGo, Apollo Tyres and CEAT Stocks Under Pressure; Oil Companies Drag Market
Rising crude oil prices have once again become a concern for Indian markets, putting pressure on oil-sensitive stocks. Shares of IndiGo, Apollo Tyres, CEAT and oil marketing companies (OMCs) witnessed selling pressure after crude prices climbed to a one-month high, raising concerns over higher input...
SEBI Considers Margin Relief for Brokers on EPI-Backed Cash Market Trades
The Securities and Exchange Board of India (SEBI) is considering a proposal to provide margin relief to brokers for Early Pay-In (EPI)-backed cash market transactions, a move aimed at improving capital efficiency and unlocking collateral currently blocked under the existing settlement framework.
FII Buying Tops $2.5 Billion: Is Global Capital Making a Comeback to India?
After months of relentless selling, Foreign Institutional Investors (FIIs) have staged a strong comeback in Indian equities, investing over $2.5 billion in recent weeks. The sharp reversal has caught the attention of investors, with many asking whether global funds are once again increasing their ex...
FM Nirmala Sitharaman to Meet PSU Bank Chiefs; Forex Inflows and Rupee Support in Focus
Finance Minister Nirmala Sitharaman is expected to meet senior officials of public sector banks. The discussion will mainly focus on increasing foreign currency inflows and strengthening the forex position of banks.
RBI Launches 3 Key Surveys Ahead of Monetary Policy Review to Gauge Inflation and Consumer Sentiment
The Reserve Bank of India (RBI) has launched three nationwide surveys to gather critical feedback on inflation expectations and consumer confidence before its upcoming Monetary Policy Committee (MPC) meeting. The findings will help the central bank assess the country's economic outlook and make info...
Indian Bank Q1 Profit Jumps 10% to ₹3,273 Crore; Shares Surge Up to 10% After Strong Earnings
State-owned Indian Bank has kicked off FY27 on a strong note, reporting a 10% year-on-year (YoY) rise in standalone net profit for the April-June quarter. The bank posted a net profit of ₹3,273 crore, compared to ₹2,973 crore in the same quarter last year, reflecting healthy growth in its core banki...
SBI Mutual Fund: SIP Investors Are 4x More Valuable Than Traditional Savings Account Customers
BI Mutual Fund has stated that customers investing through Systematic Investment Plans (SIPs) are nearly four times more valuable than traditional savings account holders, highlighting the growing importance of disciplined investing.
TCS Q1 Results: Profit Rises 5% YoY to ₹13,349 Cr; Strong Revenue Growth but Margins May Face Pressure
India’s largest IT services company, Tata Consultancy Services (TCS), has reported a steady performance in Q1, with net profit rising 5% year-on-year to ₹13,349 crore. The company also posted a strong 14% growth in revenue, indicating stable demand despite global uncertainties.