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HDFC Bank, Hindustan Zinc, and FirstCry led the market decline, while Gujarat Alkalies and HCL Technologies gained amid sharp index movements on Monday.
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Securities and Exchange Board of India relaxed foreign investor settlement norms, allowing net trade settlement to cut costs amid heavy outflows. It also introduced simplified IPO prospectus summaries, QR access, and approved stricter conflict-of-interest disclosure rules for officials to improve transparency and investor confidence.
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HDFC Bank, Kotak Mahindra, and 10 other Sensex stocks hit 52-week lows amid sharp market sell-off.
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Wall ​Street’s main ​indexes opened higher ​on Monday as risk appetite returned to ‌markets ⁠after ⁠U.S. President Donald Trump ​said he would order ​the military to postpone strikes against ​Iranian power ⁠plants and ‌energy infrastructure.
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Realtors’ bodies CREDAI and NAREDCO on Monday said developers have started to feel the pinch of the ongoing conflict in West Asia due to the short supply of some building materials, and said construction costs could rise if tensions continue for a longer period.
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