Most private lender stocks declined Monday after first-quarter earnings showed profitability pressures. Axis Bank and HDFC Bank saw significant drops, while ICICI Bank gained. Analysts noted margin compression as a key factor affecting banking stocks. Foreign investors returned to financials after substantial withdrawals earlier in the year. ICICI Bank remains a top pick among leading private sector lenders.
SBI Funds makes strong D-St debut, ends 6.3% above IPO price
SBI Funds Management debuted on the stock market at a premium price. The company raised over ₹9,813 crore through its initial public offering. SBI plans