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Market participants remained cautious ahead of the MSCI index rebalancing, which is expected to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded near 24,050 mark.
Analysts at Jefferies believe that uncertainty can drag EPS & valuations, but after a 27% fall year-to-date at 1.5x PB, the risk-reward for HDFC Bank stock seems balanced.
Augmont Enterprises shares listed at ₹956 on the BSE, a premium of 21.32 per cent against the offer price of ₹168. Meanwhile, on the National Stock Exchange, debuted at ₹961, up 21.95 per cent.
The Nagpur ITAT deleted a tax addition on jewellery found during an income-tax search, stressing ownership, source and family circumstances. The ruling also examined the CBDT’s prescribed jewellery limits and whether possession within those limits can be treated as reasonably explained.
Transformers and Rectifiers (India) advanced 3.54% to Rs 314.35 after the company announced that it has received a purchase order from Megha Engineering and Infrastructures (MEIL) for manufacturing transformers and related works.
Gold and silver prices today, 31 August: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
The Indian rupee is staying relatively flat to lower against the dollar in opening trades on Monday as dollar staged a massive spike to a 2-week high amid inflationary concerns. Renewed conflict between US and Iran is accentuating inflation concerns at a time when Fed is already sounding hawkish on interest rates. Fed Chairman Kevin…
Kaizad Bharucha, HDFC Bank’s deputy managing director since 2023, is the leading candidate for the CEO position as Sashidhar Jagdishan retires on 26 October. Here’s all you need to know about the lender’s longest-serving executive board member.
Spark Capital is stepping up its private-market play with new late-stage PE and private-credit funds, targeting high-growth Indian companies as their financing needs evolve.