Latest Stock Market News

The Reserve Bank of India has clarified that individual banks have the autonomy to decide on the minimum average balance (MAB) requirements for savings accounts. While some private banks like ICICI Bank are increasing MAB, several state-owned banks, including SBI, PNB, Canara Bank, and Indian Bank, are eliminating penalties for not maintaining minimum balances to promote financial inclusion.

State Bank of India has ceased processing trade and foreign currency transactions for Nayara Energy due to potential US sanctions following recent tariff increases. This decision aims to prevent SBI from facing US and European Union restrictions. The move follows EU sanctions restricting Russian fuel imports and a price cap on Russian crude, impacting banks with international operations.

LIC s new chief aims to boost profitability through diversified products, particularly non-PAR plans, targeting 40% of APE. R Doraiswamy plans to increase bancassurance sales beyond 10% and strategically invest in debt and equity markets. LIC is exploring health insurance ventures and addressing regulatory challenges regarding its stake in IDBI Bank.

Lenders are contemplating waiving administrative charges to provide immediate relief to small and medium enterprises impacted by steep US tariffs on India, following government encouragement. While broader measures like interest rate discounts are account-specific, banks will consider forgoing penal interest on late payments. The government is also developing a comprehensive plan to support affected exporters.

PG Electroplast shares faced a sharp decline. This electronic manufacturing service provider witnessed a significant drop in Mumbai trading. Weaker revenue guidance and first-quarter earnings impacted the stock. Institutional investors like the Government of Singapore and Motilal Oswal Mutual Fund are affected. Brokerages like Nuvama and JM Financial reduced target prices. The company s net profit shrank, contributing to investor concerns.

At least 10 jewellery retail firms are preparing to launch IPOs in the next 3-6 months, driven by lender constraints, high valuations, and a strong IPO market. PNGS Reva Diamond Jewellery, Lalithaa Jewellery Mart, and Priority Jewels have already filed IPO documents with Sebi.

Indian bond yields experienced a notable increase, reaching their highest levels since early April, driven by market anticipation of a prolonged pause in the current rate-easing cycle. Institutional caution ahead of the upcoming inflation data further contributed to the firm yields. The benchmark 10-year paper s yields rose by four bps to 6.44%, with significant selling observed during the day.

Bessemer India Capital Holdings II is planning to sell its entire 15.67% stake in Medi Assist Healthcare Services through a block deal on Tuesday, potentially raising over ₹560 crore. The investment firm, part of the promoter group, intends to offload 1.1 crore shares at a floor price of ₹507 per share, a 4% discount from Monday s closing price.

The RBI s 3-day VRRR auction saw bids of ₹44,790 crore against a notified ₹50,000 crore, reflecting lower overnight rates. Recent VRRR auctions have experienced significantly lower bank participation when the notified amount exceeds ₹1 lakh crore. In Friday s auction, banks tendered only ₹13,045 crore against a ₹1 lakh crore offer, despite the RBI offering 5.49% on parked funds.

A report suggests Indian stocks edged past gold between 2019 and 2025. Nvidia s stock saw massive growth. Gold rose due to its safe-haven status and global events. Indian equities showed good returns, surpassing gold. Chinese equities had smaller gains. The Magnificent Seven index and cryptocurrencies also performed well. The US president s support boosted cryptocurrencies.