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"As long as the Mumbai Interbank Forward Offer Rate (MIFOR) conditions are favourable, I think it will be conducive for NBFCs to raise dollar funding," said Anudeep Ganguli, chief treasury officer, Credit Saison India. "Not too many banks have reduced their MCLR, so until that happens, ECB will still be in favour with NBFCs. Even a 50 basis point cut in the MCLR will still make the ECB more favourable."

Earnings yield is the inverse of the price-to-earnings (P/E) ratio - a popular measure to evaluate valuations of an index or stock. Earnings Yield shows whether equities are compensating investors for the higher risk they carry.

Shapoorji Pallonji Group seeks a three-year extension from the RBI for its Sterling Investment Corp to meet stricter capital adequacy norms after being reclassified as a mid-layer NBFC. This request is linked to a recent ₹28,500 crore fundraising backed by Sterling s Tata Sons stake.

Shikha Gupta, approved as Sebi s executive director during Madhabi Puri Buch s tenure, has declined the role after initially accepting it. This rare decision prompts Sebi to restart the search process. Gupta s appointment was previously contentious due to her HUL association, where Buch s spouse held a senior position, and questions were raised about her capital market policy expertise.

An ETIG analysis of 101 mainboard companies that raised money through initial public offers (IPOs) since January 2024 shows that majority of the sample companies have not been able to improve upon their listing gains. In the sample, two out of every three companies currently trade below their listing prices.

Morgan Stanley Investment Management, AQR Capital Management, Bank of America and Franklin Templeton are among those betting the tables may finally be turning in favour of developing-market equities.

Nifty is poised for further gains, driven by easing geopolitical concerns and robust FII inflows, targeting 25,200-25,800 if it holds above 24,800. Midcaps and smallcaps are outperforming, indicating strong risk appetite. Metal and PSU sectors show breakout potential, with specific stock recommendations including SAIL, Tata Steel, HDFC AMC, and Eternal.

U.S. Treasury Secretary Scott Bessent used television interviews on Sunday to dismiss the downgrade, while warning trade partners they would be hit with maximum tariffs if they did not offer deals in "good faith".

Vodafone Idea has approached the Supreme Court, challenging the government s rejection of its plea to waive over $5 billion in interest and penalties on statutory dues. The telecom operator s petition urges the court to direct the government to act "in public interest," citing the critical nature of the telecom sector. The court is expected to hear the matter this week.

Oil prices remained steady as investors monitored Iran-U.S. nuclear talks and awaited crucial Chinese economic data amid trade tensions. Brent crude slightly decreased to $65.36 a barrel, while U.S. WTI crude rose to $62.52. Uncertainty surrounding Iran s nuclear ambitions and rising tensions between Estonia and Russia also influenced the market. U.S.