Latest Stock Market News

FPIs parked net $2.36 billion (₹19,841.9 crore) in the primary market, the highest monthly investment since November 2021 when they had invested $3.74 billion through this route, which consists of participation in initial public offerings (IPOs) and qualified institutional placements (QIP).

Capital markets regulator Sebi imposed a Rs 50 lakh fine on Sunil Arjan Lulla, the former MD of Eros International Media, for violating regulatory norms. Sebi also confirmed a ban against him and noted his resignation only after 13 months and receiving a show-cause notice.

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The combined market value of six leading firms increased by Rs 1,07,366.05 crore last week. State Bank of India and ICICI Bank saw the highest gains. However, Tata Consultancy Services, HDFC Bank, Bharti Airtel, and Infosys faced a decline in their market valuation. Reliance Industries remained the most valuable company in India.

The second quarter earnings season is underway and as many as 170 companies will declare their results this week. Some of the marquee names include Titan, Asian Paints, PB Fintech, IRCTC, IRFC, RVNL, Mazagon Dock Ship, Tata Steel, Mahindra & Mahindra, Trent, LIC, MRF, Tata Motors, and SBI among others.