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IndusInd Bank faces turmoil as CEO Sumant Kathpalia resigns after the bank absorbs significant losses from incorrect accounting practices in its derivatives book. The discrepancies, revealed in March, raised concerns about corporate governance and audit oversight.

India s gold demand witnessed a 15% drop in the March quarter due to surging prices, with jewellery sales particularly affected. Despite this, investment demand remained strong, fueled by interest in gold ETFs and digital gold. Retailers remain optimistic, anticipating overall demand to stay between 700-800 tonnes for the year, supported by increased gold imports.

Bajaj Finance shares tumbled 5.3% to close at ₹8,613.5 while Bajaj Finserv dropped 5.6% to close at ₹1,951 on Wednesday. Benchmark Nifty Index ended nearly flat on Wednesday.

IndusInd Bank faces bearish sentiment as its CEO resigned amid forex derivative accounting discrepancies, leading to increased uncertainty. Derivative traders are creating short positions. The stock s future hinges on the profile of the new CEO, with analysts suggesting a private sector banker is crucial for rerating. Despite recent volatility, the stock trades near valuation lows.

Mobius, who has been investing in developing markets for about three decades, said some emerging market countries such as India will do quite well in the current environment, "but we have to wait until all of this evens out and we see a settling down of this uncertainty."

The rupee strengthened despite border tensions with Pakistan, and positive sentiment surrounding a potential trade deal between India and the US aided the rupee. The dollar index was at 99.4.

​​The qualified institutional buyers (QIBs) portion of the electric two-wheeler company s issue was subscribed 1.7 times, while the non-institutional investors (NIIs) or high-net-worth individuals portion and the retail investors portion were subscribed 0.66 times and 1.78 times, respectively. The employee reserved portion was subscribed 5.43 times.

Sebi will amend rules to include these category of shareholders, so as to bring more shareholders under the dematerialisation mode and reduce the volume of physical shares from the listing space.

On a year-on-year basis, TVS Motor s revenue from operations rose 17% to ₹9,550.4 crore in the March 2025 quarter. Net profit grew at a faster rate of 76% to ₹852.1 crore, buoyed by the fact that benefits under the production-linked incentive (PLI) scheme for the full year were recognised in the fourth quarter.

Reversing four months of inflows, April saw a net ₹13,359 crore of outflow from the index-eligible fully accessible route (FAR) government securities, the highest monthly exit since India s inclusion in the JP Morgan EM index in July 2024, CCIL data showed. Passive investments often closely track the weightings on global gauges.