logo
IndusInd Bank Ltd Slips 4.15%

IndusInd Bank Ltd Slips 4.15%

IndusInd Bank Ltd has lost 6.16% over last one month compared to 2.41% fall in BSE BANKEX index and 2.17% rise in the SENSEX
IndusInd Bank Ltd fell 4.15% today to trade at Rs 739.1. The BSE BANKEX index is down 0.39% to quote at 62270.34. The index is down 2.41 % over last one month. Among the other constituents of the index, Axis Bank Ltd decreased 0.46% and HDFC Bank Ltd lost 0.35% on the day. The BSE BANKEX index went up 13.93 % over last one year compared to the 9.57% surge in benchmark SENSEX.
IndusInd Bank Ltd has lost 6.16% over last one month compared to 2.41% fall in BSE BANKEX index and 2.17% rise in the SENSEX. On the BSE, 2 lakh shares were traded in the counter so far compared with average daily volumes of 4.82 lakh shares in the past one month. The stock hit a record high of Rs 1550 on 19 Jun 2024. The stock hit a 52-week low of Rs 605.4 on 12 Mar 2025.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

D-Street braces for 'risk-off' selloff
D-Street braces for 'risk-off' selloff

Time of India

timean hour ago

  • Time of India

D-Street braces for 'risk-off' selloff

MUMBAI: Investors on the edge after an escalation in the West Asia conflict with most Dalal Street players expecting the Sensex to open lower on Monday. They also expect crude oil prices to spike, which in turn would put pressure on the rupee. On Sunday, after the US bombed three nuclear sites in Iran and the latter resolved to close the Strait of Hormuz through which about 20% of the world's crude oil and natural gas pass, market players said oil prices could spike soon. On Friday, as Dalal Street investors ignored the geopolitical tensions between Iran and Israel, the sensex recorded a four-digit points gain to close at 82,408 points. And Nifty on the NSE gained 319 points to close at 25,112 points. Globally, Brent was trading at above the $77/barrel level while WTI crude was around the $75 level. Both were trading at near their four-month high levels. Despite the global headwinds, India's economic fundamentals on the other hand could act as a balancing act to those negative factors, Kotak Mahindra Mutual Fund MD Nilesh Shah said. "Indian equity and rates market is like a man having average temperature with one leg in cold water and the other in hot water. Domestic factors support current valuation for long term investors expecting moderate returns. (However) global factors from (the US president Donald) Trump's policies to oil price/supply are boiling hot," he said. Shah said that investors need to keep a watch on the availability of oil as well as the price. "We have enough forex reserves to manage higher oil prices in double digits. (However) oil prices crossing triple digit or restricted supply will have an adverse impact on the market." Shah added that investors should use any market correction as an opportunity to accumulate while traders should remain on a cautious mode. The geopolitical uncertainty could also push up prices of gold as investors move to 'risk off' mode, meaning they sell risky assets like equities and move to haven assets like gold and govt bonds, market players said. A section of the market players believes that in case Iran doesn't react aggressively to the US's move to bomb its three nuclear sites, the markets may soon recover after a negative opening in Monday's early trade. One trader even pointed out that TA 35, the main stock market benchmark in Israel, was up more than 1% in Sunday's trading session, indicating investors in Israel had ignored the geopolitical tensions. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

‘New SOPs, higher spending limit set to empower ULBs'
‘New SOPs, higher spending limit set to empower ULBs'

Time of India

timean hour ago

  • Time of India

‘New SOPs, higher spending limit set to empower ULBs'

Lucknow: In a significant step to strengthen the financial and administrative autonomy of urban local bodies (ULBs), the urban development department has increased the spending limits. By revising the standard operating procedure after a gap of four years, the department has made provisions to provide additional flexibility and authority to nagar palikas (city councils) and nagar panchayats (town councils). "Increasing their spending limit, the govt has given the authority to nagar panchayats to undertake works up to Rs 1 crore while nagar palikas can take up works up to Rs 2 crore. Their spending limit was capped at Rs 40 lakh so far," an official said. To uphold the integrity of urban development projects, the revised SOP mandates a shared accountability framework. In cases of substandard construction or measurement discrepancies, 50% of the financial recovery will be made from the contractor and the remaining 50% from the engineers and administrative officers concerned. The recovery process will be overseen by the district magistrate and, if required, recovery would be done from the erring contractors and companies by attaching their properties as per the revenue recovery code and laws. The newly introduced SOP also paves way to acclerate the pace of development with the help of latest technology and tools. Sharing an example, a senior officer from the department said that a method that encourages recycling of old debris and bitumen for road construction would be followed. Urban bodies have been instructed to maintain ward-wise road directories, complete documentation, and conduct GIS mapping of infrastructure for long-term monitoring and project execution. Principal secretary, urban development, Amrit Abhijat said that the SOP and reforms notified recently would not only enhance the financial independence of local bodies but also improve the quality, transparency, and effectiveness of urban governance.

Toll collecting firm under scanner for evading stamp duty worth Rs 63 cr
Toll collecting firm under scanner for evading stamp duty worth Rs 63 cr

Time of India

timean hour ago

  • Time of India

Toll collecting firm under scanner for evading stamp duty worth Rs 63 cr

Lucknow: A private company engaged in collecting toll on the national highway in eastern UP is under scrutiny for duping the local administration to the tune of crores. The fraudulent activity was detected more than two years after the private entity was awarded the contract for collecting the toll. Tired of too many ads? go ad free now According to officials, a company engaged to collect money from motor vehicle owners for using the national highway stretch in Bhadohi did not pay the required stamp duty to the local administration. Roped in to manage the toll plaza over national highway 19, which connects eastern UP with Bihar and onwards, the company was supposed to pay a sum of about Rs 63 crore to the stamp and registration department as duty. The charges were incurred for taking the land on a 15-year-long lease to collect the toll from road users. The agreement was signed between the stakeholders in March 2023, said officials. However, it was later detected that only Rs 100 was paid as stamp duty to the state coffers. According to the officials, a complaint case has been filed before the local magistrate to initiate action and prosecute the offenders.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store