Indian benchmark indices Sensex and Nifty surged over 1 per cent, propelled by robust buying in banking and financial counters and a positive global market sentiment, as investors anticipate progress in US-Iran negotiations. Photograph: Utpal Sarkar/ANI Photo Sensex and Nifty50
Amid escalating global tensions and regulatory shifts, India’s financial markets are witnessing a significant transformation, with bank-backed brokerages poised to reclaim their edge over discount platforms and the IPO pipeline experiencing a notable slowdown. Illustration: Dominic Xavier/Rediff Key Points Bank-backed
Amidst heightened global and domestic uncertainties, six of India’s top ten most valued firms, including Bharti Airtel and HDFC Bank, witnessed a substantial decline in their combined market valuation, highlighting the ongoing volatility in the Indian equities market. Illustration: Dominic
