CitiCorp Investment Bank (Singapore) Ltd on Thursday settled with Sebi a case relating to issuance of offshore derivative instruments to Symmetry Master Fund Ltd without completing the KYC norms, on payment of Rs 36 lakh.

Historically, the Sensex has delivered positive six-month returns after Maha Kumbh, averaging 8% in five out of six instances since 2004. Analysts suggest a potential rebound following this year’s 4% dip, drawing insights from past Kumbh market trends.

As many as five current and former officials of Add-Shop E-Retail Ltd (ASERL) and White Organic Agro Ltd (WOAL) on Thursday settled a case with Sebi pertaining violation of regulatory norms and made a payment of Rs 95.55 lakh towards the settlement amount.

Indian markets closed higher as financial and energy stocks gained. RBI s liquidity injection and tariff relief boosted sentiment. Top movers included Castrol India, Godawari Power, Creditaccess Grameen, BPCL, Gensol Engineering, and Lodha.

Indian markets extended gains for a second day, with Sensex rising over 600 points and Nifty closing above 22,500. Power, utilities, oil & gas, and metals led sectoral gains, while realty and telecom stocks faced selling pressure.

A surge in short covering across 33 heavily shorted stocks, including TCS, Infosys, and UltraTech Cement, could fuel a rebound. Elara Securities suggests technical indicators and margin funding reductions signal a potential market bottom after months of selling pressure.

This suggests that traders are anticipating further price declines and are establishing short positions.

The Indian rupee weakened on Thursday, pressured by dollar demand by importers, even as the greenback lingered near a four-month low against its major peers amid concerns about a slowdown in the U.S. economy.

Stock Market Highlights: Indian benchmark indices closed in the green on Thursday for the second straight day, driven by domestic investors buying into oversold stocks, with financials advancing after the Reserve Bank of India announced a $21 billion liquidity infusion into the banking system, and energy stocks rallying on lower crude prices.

European shares extended their gains on Thursday on hopes of easing trade tensions after U.S. President Donald Trump exempted automakers from his 25% tariffs on Canada and Mexico for one month.