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The BSE Sensex surged 639 points as nine BSE 100 stocks, including Adani Power and Hindalco Industries, hit 52-week highs, signalling strong momentum, investor optimism and potential further upside amid a broad-based market rally.
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AU Small Finance Bank reported a 65% rise in Q4 net profit driven by sharply lower provisions. Loan and deposit growth remained strong, asset quality improved, and margins expanded, though operating profit growth was modest due to higher expenses and treasury losses.
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Monarch Networth Capital raised Rs 100 crore for its maiden PMS fund via direct distribution. The fund outperformed its benchmark with strong returns, and the firm now targets Rs 500 crore AUM, backed by a research-driven investment strategy and growth plans.
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U.S. stock indexes opened lower on Monday as stalled peace talks with Iran and anticipation of corporate earnings and Federal Reserve commentary weighed on sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw modest declines in early trading.
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Canada ​will set up a ​sovereign wealth fund with an initial endowment of C$25 billion ($18.38 billion) to invest in major ‌domestic ⁠projects, Prime ⁠Minister Mark Carney told reporters on ​Monday.
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