Bank stocks including SBI lead Sensex lower
The Hindu
The benchmark S&P BSE Sensex was dragged lower by banking stocks
The benchmark S&P BSE Sensex was dragged lower on March 11 by banking stocks, including State Bank of India and HDFC Bank, and industrial counters, snapping two straight sessions of gains.
The Sensex fell 616.75 points, or 0.83%, to 73,502.64. While Power Grid and Tata Steel were the biggest losers on the gauge, sliding 2.41% and 2.38%, respectively, SBI fell 1.86% with sentiment in the stock likely hit after the Supreme Court rebuffed the bank’s plea for more time to provide details on the Electoral Bonds and directed it to furnish the required data by Tuesday. HDFC Bank slipped 1.33%, topping volumes.
Among other stocks, JM Financial fell 9.77% to ₹79.35 in the wake of curbs imposed last week by SEBI against the merchant banking unit accepting fresh debt mandates.
February 2025 saw a 2% increase in passenger vehicle sales in India, with upcoming festivals expected to boost demand.
Fitch Ratings revises outlook on Adani Group entities to Stable, affirms 'BBB-' rating, and takes rating action on other bonds.
Equity market benchmarks Sensex and Nifty rise on strong domestic data and global trends, led by ICICI Bank and Reliance: Follow The Hindu’s updates on the Sensex and Nifty
Scopely will pay $3.5 billion to acquire Niantic’s game unit, including the studio behind Pokemon Go.
Follow The Hindu’s updates on the rupee : Mumbai forex analysts report on rupee's gains against the dollar amid global tariff tensions and economic data.
The U.S. Federal Trade Commission is moving ahead with an antitrust probe of Microsoft, Bloomberg News reported.
Intel hires semiconductor industry veteran Lip-Bu Tan as CEO to revive struggling company amid leadership changes and financial challenges.
Nandan Nilekani predicts India as top IPO market by 2035 with 1 million startups and $8 trillion economy potential.
BNW Developments partners with Taj to bring luxury living to UAE's Al Marjan Island, Ras Al Khaimah.
Equity indices Sensex and Nifty close lower amid global economic concerns, with IT and telecom stocks leading the decline.
Rupee closes at 87.19 against US dollar amid tariff uncertainties, crude oil prices, and global market volatility.
NCLAT rejects IRDA pleas against Shriram Group insurance arm mergers, citing no statutory bar under Insurance Act.
TIVOLT Electric Vehicles inaugurates e-SCV manufacturing plant in Chennai with high-performance EVIATOR for sustainable transportation solutions.