Latest Stock Market News

The Reserve Bank of India (RBI) conducted a dollar-rupee buy/sell swap for $5 billion on Friday, with the transaction to be reversed on August 4. The RBI received bids worth five times the notified amount at $25.6 billion.

Karnataka Bank’s Q3 net profit declined 14.3% YoY to ₹284 crore due to lower earnings. Operating profit fell 20%, while net interest margin dropped to 3.02%. Asset quality improved as NPAs reduced, and advances grew 11.6% YoY.

Indian markets rallied for the fourth consecutive session, driven by strong buying in auto, FMCG, and banking stocks. Nifty’s falling wedge breakout signals bullish momentum, with key support at 23,300 and resistance at 23,800 ahead of the budget.

Sebi UPI: Market regulator Securities and Exchange Board of India (Sebi) is considering creating a unique Unified Payments Interface (UPI) address to ensure the investor money reaches only to the SEBI registered intermediaries.

Buying was notable in realty, power, consumer durables, and capital goods stocks.

OPEC+ is unlikely to alter existing plans to raise output gradually when it meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC and its de facto leader Saudi Arabia to bring down prices.

Markets regulator Sebi on Friday asked stock exchanges to develop web portals and create technology-based mechanisms to monitor and supervise the entire system audit lifecycle of a stock broker. The exchanges will monitor the process of carrying out a system audit of stock brokers through an online monitoring mechanism.

Bandhan Bank Q3 Results: Bandhan Bank’s Q3 net profit fell 42% YoY to ₹426 crore due to higher provisions and expenses. Fresh slippages in microfinance increased, though bad loan write-offs helped reduce NPA ratios. Operating profit rose 22%, but provisions surged 101%.

ONGC Q3 Results: Oil & Natural Gas Commission (ONGC) on Friday reported a 19% year-on-year fall in its December quarter consolidated net profit at Rs 8,622 crore versus Rs 10,703 crore posted in the year ago period. It was below ET Now poll of Rs 9,700 crore.