Market

Equity indices rebound over 1% on Friday, driven by bargain hunting in financial, telecom, and tech stocks. Source

At the interbank foreign exchange, the domestic unit opened at 85.24 then fell to 85.34 against the greenback in early deals, registering a loss of 15 paise over its previous closing level. Source

HDB Financial launches ₹12,500-crore IPO amid regulatory concerns, with a price band at a 66% discount. Source

The rupee dropped to 84.07 and was last quoted at 84.0425 as of 12:20 p.m. IST. The currency’s decline past the 84 handle is significant as the Reserve Bank of India had been defending that level for over two months. Source

Cognizant invests $182.76 million in new campus in Vishakapatanam, creating 8,000 jobs, with operations starting in 2029. Source

On Wednesday, market tech analysts Chandan Taparia and Mitessh Thakkar recommended these stocks for the short term. Source

SEBI reviews mutual fund regulations for investor-centric approach, industry-friendly rules, and strategic market strengthening, aiming for financial well-being. Source

Motilal Oswal expects Niva Bupa’s healthy growth momentum over financial year 2022-2025 to remain strong and it expects the company’s Gross Written Premium (GWP) to grow at a Compounded Annual Growth Rate (CAGR) of 25% over financial year 2025-2028. Source

Gandhinagar Municipal Corporation’s debut bond issue oversubscribed nine times, reflecting strong investor confidence in urban financial innovations. Source

HDFC Bank will offload about Rs 10,000 crore worth stake in the proposed IPO. Source