Foreign investors have withdrawn a record 89,916 crore from Indian stocks. This outflow over 15 sessions is the largest in two decades. Domestic mutual funds bought 71,183 crore to support the market. Previous heavy selling by foreign investors was also cushioned by domestic fund purchases.Read More

Indian markets experienced a significant downturn on Thursday. This sell-off erased recent gains, driven by global concerns and geopolitical issues. Several major companies like HDFC Bank, ICICI Bank, and NTPC are in focus today due to specific news. Investors are watching these developments closely as the market navigates current challenges.Read More

Central Mine Planning & Design Institute (CMPDIL), a Miniratna PSU, plans to raise ₹1,842 crore through an offer for sale. The company has shown strong financial growth, driven by steady coal demand and expanding exploration opportunities. However, revenue concentration from government entities and potential policy shifts towards green energy present risks.Read More

HDFC Bank shares saw a significant drop of over 5 percent. This decline followed the resignation of non-executive chairman Atanu Chakraborty. His departure cited practices not in line with his personal values. Analysts suggest this, along with CEO Sashidhar Jagdishan’s term renewal uncertainty, may pressure the stock. The bank’s market value decreased by ₹69,026 crore.Read More

HDFC Bank reassures investors after its non-executive chairman’s abrupt exit citing ethical misalignment. Interim chairman Keki Mistry stated there are no material issues, suggesting relationship dynamics may have contributed to the departure. The bank’s stock experienced a significant intraday slump following the news.Read More

Indian equities experienced a significant downturn on Thursday, breaking a three-day winning streak due to escalating West Asian tensions and a global risk-off sentiment. Analysts suggest markets are highly fragile, with geopolitical developments and rising crude prices dictating sentiment. The India VIX surged 22% to 22.80 levels, reflecting increased market fear.Read More

Encube Ethicals has halted plans for a majority stake sale due to a valuation gap, with potential buyers offering up to $1.6 billion against the company’s $2 billion target. Instead, the pharmaceutical firm is now eyeing an Initial Public Offering by 2027. Existing investor Quadria Capital is expected to participate in the public offering for...Read More

Indian tax authorities are pushing foreign portfolio investors (FPIs) to designate a ‘representative assessee’ for tax default engagement. This move, following an incident with Jane Street, has raised concerns among FPIs and custodians about potential liabilities. Discussions are ongoing between tax bodies, SEBI, and financial institutions regarding the implications for nominated individuals.Read More

Indian equity benchmarks experienced their steepest single-day drop in nearly two years, plummeting over 3% on Thursday. Attacks on West Asian oil and gas infrastructure fueled inflation concerns, while HDFC Bank’s sharp decline added further pressure. The Nifty closed below 23,000, and the Sensex fell significantly, wiping out recent gains and impacting market capitalization.Read More

Micron’s shares dropped more than 4% before the bell on ​Thursday, as the chipmaker’s ​plans for heftier capex spending unnerved investors, taking the shine ​off another round of AI-fueled blockbuster quarterly earnings.Read More