Market Bizzz

BSE Index Services has introduced the BSE Capital Markets Index to benchmark companies in India’s capital markets sector, aiding investors, fund managers, and institutions with transparency, sector tracking, and passive product creation.

Ajay Bagga expects Indian markets may have bottomed out, citing minimal Q1 downgrades and signs of recovery. He sees the upcoming GST Council meeting and potential consumption tax cuts as critical catalysts for growth.

Gold and silver futures surged to lifetime highs on MCX, with gold jumping over Rs 1,600 per 10 grams and silver rallying Rs 1,900 per kg. The rally mirrored global market strength, fueled by a weaker rupee against the US dollar. Experts recommend a buy strategy, anticipating continued upside due to trade tariff concerns and the depreciating rupee.

DBS Bank, India’s largest foreign bank by number of branches reported a 81% growth in net profit year on year led by a strong growth in interest income even as asset quality remained stable

India’s financial-services sector is set for robust expansion, with profits projected to nearly double by FY30. UBS sees NBFCs leading growth, driven by retail credit, wealth management, payments, and insurance, while banks lag amid margin pressures and weak corporate lending.

The NSE’s update comes after a previous circular from the exchange, designed to improve trading ease and bolster risk oversight in equity derivatives.

Top-performing asset management companies (AMCs) may soon face a valuation check as rising competition, regulatory scrutiny, and elevated stock prices draw investor caution. While fund houses have delivered strong growth and outperformance, analysts warn that premium valuations leave little room for error. Any slowdown in inflows or margin pressure could trigger a reassessment of their lofty pricing.

Federal Reserve Governor Christopher Waller urged the central bank to lower its key interest rate at the upcoming meeting, echoing President Trump’s calls for monetary easing. Waller, a potential successor to Chairman Powell, advocated for a 25-basis-point cut to prevent labor market deterioration and achieve the two percent inflation target.

Zee Entertainment Enterprises faces a leadership transition as Ashish Sehgal, Chief Growth Officer for Ad Sales, Broadcast & Digital, resigns after two decades. His departure occurs as Zee focuses on revenue growth in a competitive market. The company has elevated Laxmi Shetty to Head of Advertisement Revenue following Sehgal’s exit.

Investors eyeing dividend income faced a deadline. Many stocks, such as NBCC India and Zee Entertainment, traded ex-dividend. NBCC announced a final dividend. Zee Entertainment also declared a significant dividend. Other companies across various sectors also rewarded shareholders. These included Alfred Herbert India, Asian Hotels East, and Engineers India. Missing the cut-off means ineligibility for payouts.