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Economy, Stock Market

HDFC Bank Appoints External Law Firms To Probe Atanu Chakraborty’s Exit

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HDFC Bank has hired external law firms to review Atanu Chakraborty’s shock resignation. The lender’s shares have plunged 12% since his sudden departure. HDFC Bank Ltd. has appointed an external law firm to conduct a thorough review of Atanu Chakraborty’s shock exit as part-time chairman and Independent Director of the bank, the lender confirmed in an exchange filing on Tuesday. Chakraborty, who had joined HDFC Bank in 2021, had announced his resignation from HDFC Bank last week, as he pointed to ethical differences between him and how the bank operates, without providing further details. The nature and tone of Chakraborty sent ripples through the stock market, with HDFC Bank’s shares taking a sharp fall. Since his announcement, the lender’s shares have fallen almost 12% ahead of Tuesday’s market open.

International news today, Stock Market

ONGC Shares In Focus After Gas Production Starts From Daman Project

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The DUDP is located about 180 kilometres north west of Mumbai and about 80 km south of Pipavav, Gujarat. Oil and Natural Gas Corp. shares rose during early trade on Monday after it started commercial supply of gas from its offshore facility in Daman. The Daman Upside Development Project, developed with a capital expenditure of approximately $1 billion, commenced monetisation on Sunday by flowing gas from Platform B-12-24P to the Hazira Plant. The successful execution, completed in less than two years, underscores strong project management and innovative drilling techniques, setting the stage for phased production ramping, ONGC said in a stock exchange filing. The DUDP is located about 180 kilometres northwest of Mumbai and about 80 km south of Pipavav, Gujarat. The project went live with the commencement of production from its first well in August 2016.  The new gas supply comes amid the disruption in imports from Persian Gulf producers since the outbreak of the Iran war a month ago. Tehran has allowed limited shipping through the narrow Strait of Hormuz.

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Nvidia Shares Near Level Where Technical Traders See a Breakout

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Shares of the chip giant rose more than 10% over the past six sessions, their longest winning streak since October. After months of sluggish returns, Nvidia Corp.’s stock is rallying again and close to breaking out of its narrow trading range, which market technicians see as a bullish signal.  Shares of the chip giant rose more than 10% over the past six sessions, their longest winning streak since October. This comes after substantial stretch of nothing, with the shares essentially flat from September 2025 through the end of last month. They closed trading Wednesday at $182, near the $185 level that technical traders are watching closely.  Shares dipped 0.5% on Thursday. “If Nvidia sustains above $185, I would say the money is ready to run back in,” said Jonathan Krinsky, BTIG’s chief market technician. “The long-term trend remains positive.” 

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Are NSE, BSE Closed On April 14 For Ambedkar Jayanti? Check Stock Market Holiday Schedule

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National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain closed on April 14 to mark Ambedkar Jayanti or the birth anniversary of Dr. Bhimrao Ramji Ambedkar. This will be the second stock market holiday in April excluding Saturdays and Sundays, following Good Friday on April 3.  Trading in equity derivatives, securities lending and borrowing (SLB), currency derivatives and electronic gold receipts (EGR) will remain suspended on April 14.

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Stock Market LIVE Updates, Sensex Today: Sensex Jumps 200 Points Higher Amid Positive Global Cues

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Stock Market Live Updates: Following the overnight rally on Wall Street, Indian equity benchmark indices opened in green on Thursday. At the open, Sensex jumped 400 points while Nifty was up over 100 points.  Two factors are lifting risk sentiment among investors — a possible peace deal between Iran and the US; and no significant movement in the price of oil.  Meanwhile, rupee opened 9 paise stronger against the US dollar at 93.28, against Wednesday’s close of 93.37.

Economy, Latest News, Stock Market

Gold, Silver Rate Today Live: Gold prices dip amid probable second-round talks between US and Iran, check rates in Kolkata, Delhi, Mumbai, Kerala, Tamil Nadu

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Silver prices rose by Rs 11,800 to Rs 2.57 lakh per kg while gold advanced by Rs 3,000 to Rs 1.58 lakh per 10 grams in the national capital on Wednesday ahead of Akshaya Tritiya New Delhi: In a significant development, the gold prices have fallen by 10.6 percent since the beginning of the Iran conflict. As per the HDFC Bank report, gold and the US dollar show a strong negative correlation over the last 5 decades. On Wednesday, the closing bullion rates highlited a mixed trend across key markets. In Bengaluru, 1 gram of 22K gold was priced at Rs 14,660, while 24K gold stood at Rs 16,000. Silver was quoted at Rs 2,68,800 per kg. In Mumbai bullion markets, silver spot was at Rs 2,49,019 per kg. Standard gold (99.5) was priced at Rs 1,52,253, while pure gold (99.9) stood at Rs 1,52,865, according to PTI. Spot silver held steady at USD 79.58 per ounce, reflecting little movement even as other precious metals witnessed mixed trends in the market. Gold drifted lower on Wednesday after hitting a one-month peak, as investors assessed fresh signals on the US–Iran situation and their implications for the interest rate outlook. Spot gold fell 0.7 percent to $4,807.34 per ounce as of 11:22 a.m. ET (1522 GMT), after touching its highest level since March 18 earlier in the session. U.S. gold futures were down 0.4 percent at USD 4,830.60. Silver prices rose by Rs 11,800 to Rs 2.57 lakh per kg while gold advanced by Rs 3,000 to Rs 1.58 lakh per 10 grams in the national capital on Wednesday, driven by fresh buying from jewellers and stockists ahead of Akshaya Tritiya. Akshaya Tritiya, considered an auspicious day to buy precious metals, will be celebrated on April 19 this year.