Axis Bank shares witnessed heavy selling on Monday after the private lender announced its first-quarter FY27 earnings, with investors reacting negatively to weaker-than-expected net interest margins (NIMs) despite a healthy rise in quarterly profit.
The Nifty Bank Index witnessed significant selling pressure on Monday, declining nearly 2% during intraday trade as investors reacted to the June quarter (Q1 FY27) earnings of major private sector lenders.
The Indian rupee came under renewed pressure on Monday, weakening against the US dollar as soaring crude oil prices and escalating geopolitical tensions in West Asia dampened investor sentiment.
India's southwest monsoon has entered another active phase, bringing widespread rainfall across large parts of the country. The India Meteorological Department (IMD) has forecast continued rain.
Reliance Industries Ltd. (RIL), India's largest listed company by market capitalization, attracted strong investor interest on Monday after reporting a robust set of first-quarter FY27 earnings.
India's largest private sector lender, HDFC Bank, witnessed a sharp decline of nearly 5% in its share price on Monday after announcing its Q1FY27 financial results. While the bank reported steady profit growth and robust business expansion.
India's pharmaceutical industry is witnessing a significant shift in executive compensation, with performance-linked remuneration becoming the preferred model for rewarding top leadership.
India's pharmaceutical industry is entering a new growth phase as the domestic market for GLP-1 (Glucagon-Like Peptide-1) medicines gains momentum. These drugs, led by semaglutide.
Indian equity markets began Monday's trading session on a weak footing as investors reacted to escalating geopolitical tensions in the Middle East and a sharp jump in international crude oil prices.