Finance

State Bank of India (SBI) Chairman Challa Sreenivasulu Setty has outlined a transformative vision for the future of financial markets, asserting that artificial intelligence (AI) will shift market infrastructure from reactive processing to "pre-emptive risk sentinels." Speaking at the silver jubilee celebrations of the Clearing Corporation of India Ltd (CCIL), Setty emphasized that AI and Machine Learning (ML) are no longer just buzzwords but essential tools for global financial stability. The SBI Chairman highlighted that AI’s primary value lies in its ability to analyze massive datasets involving historical transactions and counterparty behavior. By doing so, the technology enables real-time risk…

Axis Bank has received approval from the Reserve Bank of India to infuse ₹1,500 crore into its wholly owned subsidiary Axis Finance, strengthening its non-banking financial arm.The bank announced that its board has cleared the capital infusion, which will be carried out in one or more tranches through a rights issue by March 31, 2027. The decision follows RBI’s approval communicated earlier this month, enabling the lender to proceed with direct funding.This move comes after a key regulatory shift. Earlier restrictions under RBI’s 2024 guidelines had prevented Axis Bank from injecting fresh capital into Axis Finance, forcing the lender to…

Indian equity markets have remained volatile in February, with the Nifty 50 swinging nearly 1,800 points between 24,572 and 26,341. Despite the turbulence, the benchmark index is up 1.3% so far this month, while broader markets have outperformed. The Nifty MidCap 150 has gained 2.5% and the Nifty SmallCap 250 is up 2.2%. Amid stock-specific action, analysts highlight breakout opportunities in select counters.Torrent Pharmaceuticals has surged nearly 8% in February, breaking above the key ₹4,200 resistance and trading near its 52-week high. The stock remains above its 50-day moving average of ₹4,014, with analysts expecting a move toward ₹4,400–₹4,550 as…

Public sector bank (PSB) stocks extended their rally on Tuesday, pushing the Nifty PSU Bank index to a fresh high of 9,517.70 on the National Stock Exchange. The index gained over 2 per cent in intra-day trade and has risen 4 per cent in the last three sessions, taking its total surge to 41 per cent since September 2025.The index has now outperformed the Nifty 50 for the sixth consecutive month. In February 2026 so far, the PSU Bank index is up 5.5 per cent compared to a 2 per cent gain in the benchmark. In January, it climbed 5.7…

GIFT Nifty signalled a positive opening for Indian benchmarks Nifty 50 and Sensex on October 27, suggesting a strong start to the week. Optimism stemmed from easing US-China trade tensions and expectations of a Federal Reserve rate cut following softer inflation data, which fuelled a rally in global equities. At 7:40 a.m., the GIFT Nifty traded at 25,910—up 45 points or 0.2%. On Friday, all three major US indices closed at record highs, supported by lower inflation and solid corporate earnings. The S&P 500 and Nasdaq posted their biggest weekly gains since August, while the Dow saw its largest rise…