Indian frontline indices Nifty and the BSE Sensex ended sharply lower on Tuesday dragged by a steep fall in IT, auto and bank stocks. Today’s slide wiped out Rs 2.85 lakh crore of investor wealth for stocks listed on the BSE. While the 30-stock Sensex closed 1,069 points or 1.28% lower at 82,226, the broader…
The Indian market ended higher on Friday, with the Sensex and Nifty a four-day losing run, as a cooler-than-expected U.S. inflation reading lifted global risk appetite and rekindled expectations of Federal Reserve rate cuts in the year ahead. The constructive mood mirrored gains across Asian markets, among other supportive cues. The S&P BSE Sensex rose…
Over the five trading sessions ending September 5, the Sensex rose by about 1.1%, adding 901 points to close at 80,710. The benchmark index finished in the green on three out of those five days. Notably, during this market uptrend, 10 stocks from the BSE 200 index posted gains in each of the five sessions….
Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank…
IDFC First Bank has reported a 32% YoY decline in its profit after tax (PAT) at Rs 463 crore in the first quarter of the financial year 2026, while the net interest income (NII) witnessed a growth of 5.1% YoY to Rs 4,933 crore in the same period. The NII is comparable to Rs 4,695…
UBS has initiated coverage on IDFC First Bank with a “neutral” rating and a target price of Rs 85, implying a potential upside of nearly 12% from current levels. The brokerage flagged structural profitability challenges, driven by elevated credit costs and operating expenses, that may cap returns despite sectoral tailwinds and growth in core operations….
Indian frontline indices ended with strong gains on Monday reacting to the ceasefire between India and Pakistan on Saturday along with a tariff truce between the US and China where both countries agreed to significantly ease their tit-for-tat tariffs for a 90-day period. While the BSE Sensex surged 2975.43 points or 3.74% to close at…
IDFC First Bank on Saturday reported a 58% year-on-year fall in its March quarter standalone net profit at Rs 304 crore versus Rs 724 crore in the year ago period. The hit in profit after tax (PAT) was on account of a fall in the microfinance loan portfolio. The Net Interest Income (NII) grew 9.8%…
Private sector lender IDFC First Bank has announced plans to raise ₹7,500 crore in fresh equity capital from Compulsorily Convertible Preference Shares (CCPS), issued at ₹60 apiece to existing marquee investors Warburg Pincus and the Abu Dhabi Investment Authority (ADIA). The lender told stock exchanges on Thursday that ₹4,876 crore worth of CCPS will be…
The Indian market ended the week lower on Friday, weighed down by U.S. President Donald Trump‘s sweeping retaliatory tariffs, which escalated the global trade war and heightened fears of a recession. The benchmark BSE Sensex declined 930.67 points or 1.22% to close at 75,364.69, while the broader Nifty 50 index closed at 22,904.45, down by…