The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R
Capex revival, easing West Asia tensions and improving earnings could drive Indian markets towards fresh highs, says Bajaj Finserv AMC CIO
Higher STT rates squeezed arbitrage margins in April, reducing proprietary trading activity in India's equity derivatives market
Sensex and Nifty ended higher for the week as IT stocks rebounded amid hopes of easing West Asia tensions and improving global sentiment
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The stock gained 1.6 per cent on Friday after reporting its fourth quarter (Q4) numbers but slipped on Monday
Here's how leading market analysts see the road ahead for Indian markets amid the recent developments.
Friday sees first net FPI inflows since the start of conflict
But log their sixth straight weekly loss - longest losing streak since October 2025
Muthuselvaraj, technical analyst at Mirae Asset Sharekhan believes that the overall chart structure for Nifty remains bullish as long as the index holds above 21,750 levels.
Oil price surge, persistent FPI outflows and IT sector slump drag markets to their weakest fiscal performance in six years despite strong domestic inflows
Nifty outlook hinges on oil and geopolitics, with Bernstein projecting a wide 19,900-27,500 range depending on conflict trajectory and crude price trends
Selective IT services companies with strong digital portfolios, diversified clients, and disciplined cost structures could indeed present a contrarian opportunity, he said.
West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears
Analysts believe a lot now depends on what Trump does after the 5-day ceasefire and how crude oil prices, bond yields play out.
Nifty's historical chart shows presence of an unfilled gap around the 20,300 level formed in December 2023; here is what tech analysts have to say.