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Indian markets closed higher on Monday, led by financial and healthcare stocks. Analysts anticipate range-bound movement amid tariff uncertainties, with investor focus on upcoming FED and BOJ meetings for economic cues.
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Vedanta Chairman Anil Agarwal highlighted that investments in the company over the past five years have grown 4.7 times, driven by capital appreciation and an 81% dividend yield. The mining giant plans to demerge its businesses, unlocking further value for shareholders.
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Indian markets rebounded after a five-day losing streak, with Sensex rising over 200 points and Nifty50 closing flat but positive. Banking, auto, metal, and healthcare stocks gained, while FMCG and realty saw selling pressure. Several stocks hit fresh 52-week highs.
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CARE Ratings has downgraded the outlook on ESAF Small Finance Bank’s various tier 2 bonds instruments to “negative” from “stable” on account of high asset quality stress which has adversely impacted the bank’s profitability.
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Baskar Babu Ramachandran, the promoter and managing director of Suryoday Bank, has raised his holding in the bank to 5.18% from 5.04% earlier, with the purchase of 1.5 lakh equity shares through open market operations.
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