Out of the top 30 shares on the Sensex pack, barring Power Grid and Sun Pharma, all heavyweights closed in the green zone, led by UltraTech Cement, Axis Bank, and IndusInd Bank.
The case pertains to alleged default of ₹83.08 crore term loan facility issued by IndusInd Bank to Siti Networks, a cable TV operator promoted by Subhash Chandra-led Essel Group.
The BSE Sensex and Nifty extended rally for the third day on the back of optimism post the Union Budget, making investors richer by ₹9.68 lakh crore.
The BSE Sensex and the NSE Nifty started the new calendar year 2022 on a positive note, led by index heavyweights such as Bajaj Finance, Bajaj Finserv, ICICI Bank.
The BSE Sensex closed 1,189 points lower, while the NSE Nifty slipped below 16,700 as concerns about the rapid spread of the Omicron cases triggered sell-off in the market.
The BSE Sensex and the NSE Nifty resumed their losing streak on Friday as rising Omicron cases in India and hawkish central banks in Europe dented market sentiments.
Beginning its life as a microfinance company, Bandhan Bank has made its name as a commercial bank to watch out for. It now wants to leapfrog into the future. Will it be able to work its magic again?
Indian HNIs, foreign nationals will be allowed to open foreign currency accounts in any convertible currency in Gujarat's GIFT City from January 1.
After the change of guard at the leading private bank, its stock has witnessed 10 upper and lower circuits in the last five trading sessions.
Sumant Kathpalia takes the reins from Romesh Sobti amid a deep economic crisis and market turmoil that compound the challenges IndusInd Bank has been grappling with in the past few quarters.
