Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve margins and unlock HDFC Ltd merger synergies. With the stock 29% below its peak, investors will closely watch whether Bagchi can restore growth and confidence.
By 10.45 AM, traded volume had already reached 81.66 lakh shares worth ₹277.20 crore, indicating heavy interest from market participants
Forex traders said periodic dollar interventions by the Reserve Bank of India (RBI) helped smooth excessive intraday volatility and capped sharper losses for the rupee
Bajaj Finance’s AUM grew by 26.5% y-o-y to around ₹5.85 lakh crore
Bajaj Finance shares rose sharply on Monday after the NBFC reported 26.5% YoY growth in Q2 FY27 AUM to nearly Rs 5.85 lakh crore. Jefferies retained its Buy rating and Rs 1,280 target price, implying 35% upside, and reaffirmed Bajaj Finance as a top pick, citing strong AUM growth.
Gold is facing renewed selling pressure after the US Fed’s rate hike, with higher Treasury yields and a stronger dollar reducing the appeal of the non-yielding asset. The 10-year US Treasury yield climbed towards 5.25%, while the Dollar Index moved above 101, outweighing support from geopolitical uncertainty.
The Nifty 50 opened at 22,532.40, against a previous close of 22,421.95, and was trading at 22,544.50, up 122.55 points or 0.55%, as of 9.25 am
Shares traded flat at ₹723 on the NSE at 9.58 am after rising to ₹734.20 in early trade from ₹721.20 previous close
US stocks face downside risks as volatility-control funds and CTAs hold historically high equity exposure after the S&P 500’s rally. A volatility spike could force systematic strategies to sell heavily, potentially amplifying market declines. Concentrated AI-related gains, stretched positioning and upcoming US midterm elections add to concerns over market volatility.
The euro fell to a 17-month low as concerns over France’s fiscal outlook and bond-market selloff weighed on sentiment. The dollar strengthened despite weak US jobs data, supported by elevated Treasury yields and safe-haven demand. Diverging central-bank expectations and persistent bond volatility are likely to keep currency markets under pressure.
