Market

Existing shareholders of Mahindra Logistics as on the record date will be eligible to receive three rights equity share for every eight they hold. Source

Equity indices Sensex and Nifty drop amid foreign fund outflows and tariff concerns; market remains weak. Source

The 30-share BSE Sensex jumped 1,720.8 points to hit a record peak of 76,795.31 in day trade. The NSE Nifty went up by 498.8 points to 23,320.20. Source

BSE Sensex closes lower by 160 points due to selling in IT and healthcare shares amid RBI policy decision. Source

In the monetary policy announced on Friday, the six-member Monetary Policy Committee (MPC) of the RBI kept the repo rate at 6.5 per cent and hiked the FY25 real gross domestic product (GDP) forecast by 20 basis point to 7.2 per cent from 7 per cent estimated in the April policy. Source

Rupee gains against dollar as RBI holds interest rate steady amid tariff uncertainties and volatile greenback. Source

Trideep Bhattacharya, Chief Investment Officer – Equities at Edelweiss AMC, believes the IT sector has likely bottomed out amid challenging global conditions and tariff-related uncertainty. Given this, the firm has shifted from an underweight to a neutral stance on the sector. Source

Follow The Hindu’s updates on the rupee: Rupee appreciates against US dollar as Trump imposes 50% duty on Indian goods, impacting economy and forex reserves. Source

Jefferies added that ITC Hotels remains focused on scaling to over 20,000 keys by 2030, from the present 13,500 keys, led by Asset Light expansions. Source

Sensex and Nifty drop as Trump doubles duty on Indian goods, impacting various sectors and attracting highest U.S. tariff. Source