Indian stock markets closed on a steady note after a rangebound session on Wednesday, with the Nifty managing to end above the 24,800 mark. Despite global concerns and cautious sentiment, key sectors like retail and engineering saw strong gains.
Some of India’s most expensive stocks are priced above 1 lakh per share, but does that make them overpriced? A closer look reveals that many continue to deliver strong fundamentals, consistent returns, and investor confidence.
HDB Financial Services posted a 2.4 percent year-on-year decline in net profit to 568 crore rupees in Q1 FY26. The dip was mainly due to increased loan loss provisions and weaker asset quality, even as loan book growth and net interest margins showed improvement.
Daily Capsule
The Income Tax Department has launched search operations at the Mumbai offices of Jane Street and Nuvama Wealth Management amid ongoing investigations into alleged index manipulation and fund diversion involving the US-based trading firm.
