Foreign portfolio investors (FPIs) bought shares worth a net ₹931 crore on Wednesday after being marginal buyers worth ₹88 crore the previous day. So far in May, FPIs bought equities worth ₹11,663 crore after purchasing ₹3,416.08 crore in April. Domestic institutional investors (DIIs) bought shares worth ₹316 crore.

Greenko Group founders are reducing their acquisition of Orix Corporation s stake due to tightening credit markets. They now aim to raise $610 million to purchase 17.3% of the holding company, down from the initially planned $800 million for a 20% stake.

IndusInd Bank is facing scrutiny over past accounting reversals flagged in a whistleblower letter to the RBI and the board. The letter also highlighted a discrepancy in interest income from the microfinance portfolio and an inappropriate relationship between a senior executive and an employee. These issues led to internal and forensic audits, executive resignations, and a significant financial provision.

Data published by the Reserve Bank of India (RBI) Wednesday showed that external commercial borrowing (ECB) registrations by companies, including non-banking finance companies, stood at more than $11 billion in March. This took the total number to $61 billion for FY25, compared with $49 billion a year ago.

In the fund manager survey, 42% said they are overweight on India, followed by 39% for Japan, and 6% for China. Thailand fared the worst. A total of 109 panelists with $234 billion of assets responded to the survey s regional questions.

MSCI has included Coromandel International and Nykaa in its Global Standard Index, effective May 30, potentially triggering $408 million in passive fund flows. Simultaneously, 22 stocks were removed and 11 added to the India Small Cap Index, marking a significant shift. Cipla, Indus Towers, and Grasim Industries will see increased weightage, while Astral s weightage will decrease.

In QC segment, while each of firms reported more than 2-fold rise in GOV and revenue, Zomato s QC service Blinkit outshone Swiggy s Instamart. "Instamart continues to lag Blinkit in growth and incremental unit economics," said Anand Rathi Research.

Email sent to Jio Financial seeking comments remained unanswered at the time of going to the press. "The appetite for Jio Credit s bond issue is a reflection of the company s strong parentage. The investors also lapped up the bonds because it gave them an opportunity to take exposure to new AAA-rated credit and diversify their holdings," said a person aware of the developments.

Axis Max Life, currently owned jointly by Axis Bank and Max Financial Services, operates under a quasi-listed structure, where the parent companies are publicly traded but the insurance business is not directly listed. Tripathy said the structure is "suboptimal" and that collapsing it into a single listed entity would create better visibility and investor confidence.

Anticipation of aggressive rate cuts and relaxed FPI regulations spurred a bond market rally, driving the 10-year G-Sec yield below 6.30%. Sebi s proposed easier KYC norms for IGB-FPIs and RBI s relaxed rules for FPI corporate bond investments boosted market sentiment.