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The brokerage cut its Gross Domestic Product (GDP) growth estimates by 40 basis points to 6.1% and expects a slower recovery of 6.3% in FY27, against its earlier forecast of 6.5%.

The currency strengthened to 85.59/$1 levels during the day, before losing some ground due to importer hedging demand, while likely intervention by theReaerve Bank of India (RBI) contained excess gains. The rupee had closed at 86.04 the previous day.

Based on the PwC report submitted on Tuesday, IndusInd Bank said it has assessed an adverse impact (on a post-tax basis) of 2.27% to the bank s net worth as of December 2024 due to these discrepancies. Early March, when the gaps were first formally announced, the assessment was that the impact would amount to 2.35% of net worth.

Last year in June, Sebi received a complaint relating to manipulation of share price and diversion of funds from Gensol Engineering, following which it started to examine the matter.

Securities and Exchange Board of India had asked exchanges to scrap the practice of giving incentives to brokers based on the traded volumes from October 1 last year. While the move was aimed at boosting transparency, brokers said it has eroded profits-particularly of firms that thrived on high-volume trading and razor-thin margins.

According to an ETIG analysis, 28 out of 31 listed banks were traded at lower trailing price-book (P/B) multiples compared with the year-ago valuations. Of the remaining three banks, HDFC Bank s current P/B at 2.8 is higher than the year-ago level of 2.6 while ICICI Bank has a P/B of 3.3 compared with 3.1 a year ago.

New business growth was muted, with annualised premium equivalent (APE) slipping 3% YoY to ₹3,502 crore, as demand for unit-linked insurance plans (ULIPs) softened during the quarter.

Gross direct premium income (GDPI) rose 2.3% on year to ₹6,211 crore in Q4, outpacing industry growth of 1.7%. However, due to a change in accounting norms for long-term products effective October 2024, the full-year numbers are not strictly comparable, the company said. On the fire side, the company is expecting double-digit growth for the industry.

Accounting for February data, total ECB registrations stood at $50.1 billion in the April-February period of FY25. Asia s oldest steelmaker raised $750 million through ECBs maturing in 6 years for overseas investment in JVs and wholly-owned subsidiaries, the RBI data showed.

Analysts said the optimism on receding tariff uncertainty, following the 90-day pause on activation, and exemptions on items that have the greatest dependence on elaborate Asian supply chains, are expected to drive the benchmark Nifty toward 24,000.