Indian markets fell sharply with BSE Sensex and Nifty 50 declining amid heavy IT selling. Stocks like Infosys dropped, while select firms including Himadri Speciality Chemical and Adani Energy Solutions gained on earnings and momentum.
Despite a 999-point drop in the BSE Sensex, seven BSE 150 midcap stocks hit 52-week highs, signalling strong momentum in select sectors, with notable gains in power, finance, steel and pharmaceuticals over the past month.
Indian government bonds were little changed on Friday, but posted their first weekly decline since April 3, as oil prices started climbing again, with market participants seeing no resolution to the U.S.-Iran conflict.
Sebi has allowed net settlement of funds for foreign portfolio investors in the cash market to reduce costs and improve efficiency. The move enables netting of outright transactions while retaining safeguards for others. It is expected to lower liquidity requirements, streamline operations, and enhance the appeal of Indian markets for global investors.
Nithin Kamath warns wealth inequality, driven by asset inflation and concentrated ownership, risks social strain. Reflecting on his journey, he urges rethinking wealth’s purpose, noting idle financial gains benefit few and advocating redirecting capital toward societal impact amid AI-driven change.
IndusInd Bank Q4 Results: IndusInd Bank has announced a significant turnaround, posting a standalone net profit of Rs 533 crore in the fourth quarter, a stark contrast to the Rs 2,236 crore loss a year ago. Despite a sequential dip in profit, the bank declared a final dividend of Rs 1.
A Polymarket user allegedly made $35,000 by exploiting unusual temperature spikes recorded at Paris airport, prompting a police investigation into possible sensor tampering. While speculation points to physical interference, authorities are probing the incident, raising fresh concerns over manipulation risks in prediction-based betting markets.
Metals major Hindustan Zinc on Friday declared a first interim dividend of Rs 11 per equity share for the ongoing financial year 2027, with the record date to determine the eligibility of shareholders being fixed on April 30.
European shares fell on Friday and were set to end the week lower, as investors remained concerned about the lack of progress toward a resolution to the Middle East conflict, while also keeping a close watch on corporate earnings.
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