Latest Stock Market News

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.

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.

Religare Enterprises board seeks urgent funding from new promoters, the Burman Group, to bridge a cash flow gap. A governance review of REL and its subsidiaries has been commissioned, with Trilegal and Grant Thornton Bharat LLP leading the assessment.

The rupee strengthened by 20 paise against the dollar, closing at 86.80, driven by inflows. However, experts warn that sustained inflows are needed to maintain stability.

WazirX appoints Zodia Custody as its official custodian for secure asset management ahead of its relaunch. The partnership ensures compliance and protection for users digital assets.

Capital markets regulator Sebi on Monday said it has disposed of 4,986 complaints in February through its grievance redressal facilitation SCORES platform.

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.

Suresh Ganapathy of Macquarie Capital sees resilience in Indian banking, driven by stable credit growth, easing liquidity, and strong valuations. Private banks and retail lenders are poised for growth, with banks expected to generate 15-17% ROI in coming years.

Nithin Kamath: Zerodha CEO Nithin Kamath emphasized risk management as key to trading success, especially in volatile markets. He shared insights from Jerry Parker, stressing reducing positions in downturns and allowing winning trades to run for long-term profitability.