While Indian stock exchanges hold a special Muhurat trading session on Diwali, bank operations follow a state-wise holiday calendar announced by the Reserve Bank of India. On Tuesday, October 21, 2025 (Diwali/Deepavali & Govardhan Puja), many bank branches are closed in several cities while most branches in major metros remain…
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Weekly Market Wrap: SENSEX, NIFTY50 Gain 2%
Equity benchmarks continued their winning streak for the second consecutive week as the NIFTY50 surged 391.10 points, or 1.6%, while the BSE SENSEX added 1,293.65 points, also up 1.6%. Investor optimism was driven by strong sectoral performance, global cues, and anticipation for the July–September quarterly earnings season. Top Gainers and…
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PSU Bank Shares Rise on Govt Clarification on Stakeholding
Shares of four public sector banks—Indian Overseas Bank, Punjab and Sind Bank, UCO Bank, and Central Bank of India—rose on Wednesday after the Department of Financial Services (DFS) clarified its stance on minimum government shareholding. DFS secretary M Nagaraju confirmed that the government will not reduce its stake in PSU…
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SEBI Board Clears Major Market Reforms, Eases IPO Norms
The Securities and Exchange Board of India (SEBI) on Friday approved a wide range of reforms to boost market efficiency, ease IPO requirements, and attract more global capital. The decisions, taken at the regulator’s board meeting on September 12, 2025, cover IPO norms, foreign investor access, and alternative investment fund…