Latest Stock Market News

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 61535.37 Crore).

India’s core sector output surged to 18.1% in May on a year-on-year basis as against 8.4% in the last month, revealed data by the commerce and industry ministry on Thursday.

While Maruti Suzuki was non-committal on the future models, managing director Hisashi Takeuchi said the company wanted to strengthen its presence across segments and that there would be “special focus” on SUVs.

Investigations into the affairs of OPG Securities, one of the accused brokerages, and the subsequent arrest of its managing director Sanjay Gupta have revealed instances of mirror contracts and the use of hawala networks to circumvent local laws and allow brokers take positions in foreign exchanges, the people claimed.

The automobile manufacturers, whether two-wheeler or four-wheeler, will report their number of units sold for the month of June 2022.

The odds are extremely low of the United States sliding into recession while the rest of the world does not, the strategists said. The dollar and other haven currencies like the yen and Swiss franc would benefit at the expense of commodity currencies and sterling for the duration of a global downturn, they added.

Stocks which were in focus included names like Bajaj Finserv which fell nearly 2 per cent, Star Health and Allied Insurance which fell 1.8 per cent, and Delta Corp which was down by about 8 per cent.

The fundraise, which comes amid volatile market conditions, is expected to help the home financier expand into lending for the low-income – or affordable - housing segment, one of the people said. IBHF has over 151 branches in India

The Indian economy and the domestic financial system remain strong and resilient in a hostile international environment, supported by robust domestic macroeconomic fundamentals, RBI said. Financial markets, however, are witnessing heightened volatility because of global spillovers.

Stress tests were conducted on a select set of UCBs to assess credit risk (default risk and concentration risk), market risk (interest rate risk in trading book and banking book) and liquidity risk, based on their reported financial positions as of March 2022.