The fund is collected by premiums received from insured banks, interest income from investments, and cash recoveries from failed banks. The deposit insurance limit in India is set at ₹5 lakh per depositor per bank.

In the wholesale segment, the outstanding amount stood at ₹8 lakh in March 2024, from ₹10.6 crore last year, and in the retail segment, the amount climbed to ₹234 crore in March 2024, from ₹6 crore last year. India's CBDC, the Digital Rupee (e₹), is a digital form of its official currency, introduced after the FY23 budget.

The Reserve Bank of India (RBI) Thursday said that banks must reduce their reliance on wholesale deposits to fund loans and be watchful of the risks associated with their advances and trading exposures amid interest rate fluctuations.

The Reserve Bank of India is on a drive to raise the use of technology in key areas like supervision and risk management but flagged the downside risks and how widespread the challenges could be in the adoption of Artificial Intelligence and Machine Learning.

​​In a separate deal, Nomura India Investment Fund bought shares of IRB Infrastructure Developers worth 256.59 crore on BSE. Shares of IRB Infrastructure Developers slumped 9.9% to close at 65.5 on Thursday.

Analysts said foreign fund managers have predominantly rolled over bearish positions to June, while domestic traders remained bullish though the benchmark indices extended losses to the fifth straight trading session.

Exide Industries has given massive returns to its investors in a year and according to experts there is more steam left in the stock. The stock has an upside of 143% in a year. After consolidating in a narrow range for the past few weeks, it gave a breakout from the same this week. The sudden rise followed by consolidation resembles a breakout above a Flag & Pole pattern.

Williams stated that the economy's behavior over the past year provides ample evidence that monetary policy is restrictive in a way that helps achieve their goals. He made these remarks in the text of a speech prepared for delivery before a gathering of the Economic Club of New York.

The 18% annual growth in its revenue over the past five years was nearly two-and-a-half times better than the industry average. The company reported a strong business traction in FY24 with 25.2% growth in revenue at Rs 14,064.7 crore while expanding operating margin before depreciation and amortisation (EBITDA margin) by 20 basis points to 11.3%.

Falling for the fifth day in a row, benchmark equity indices Sensex and Nifty tumbled nearly 1% each on Thursday due to heavy sell-off in metal, consumer durables and select IT shares amid the monthly expiry of derivatives contracts. The 30-share BSE Sensex plunged 617.30 points to settle at 73,885.60. In the five days of fall, the barometer tanked 1,532 points or 2%. The NSE Nifty dropped by 216.05 points or 0.95% to close at 22,488.65. The index has lost 479 points in the five sessions to Thursday."The Nifty has remained volatile during the session with predominant bearishness. The sentiment for the short term remains weak as the index slipped below the critical 21-day Exponential Moving Average (21EMA). Call writing activity was significant at 22,500. Therefore, to witness a meaningful recovery, Nifty needs to sustain above 22,500. However, failure to move above 22,500 might attract fresh selling in the market, potentially driving the index towards 22,300/22,100," said Rupak De of LKP Securities.Here are 5 stock recommendations for Friday:

The S&P 500 traded 0.2% lower and the Nasdaq composite dropped 0.3%. Yields fell on Thursday after a couple of reports showed the U.S. economy isn’t quite as strong as expected. The hope on Wall Street is that the economy can cool down, but not too much so that the Federal Reserve can hit a precise landing where it gets high inflation under control without causing a bad recession.

May has seen fear index India VIX hitting 26.20 levels. Nifty in May series declined 82 points or 0.36%. The headline index started the series at 22,570.35 and ended it at 22,488.65.

Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.

Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter said.

Marquee funds, including Edelweiss MF, Tata MF, Goldman Sachs, Citigroup, Morgan Stanley, ICICI Pru MF, Blackstone Aqua, Reliance Nippon Life, and HDFC Standard Life, among others, bought stakes in the transaction.

The Dow Jones Industrial Average fell 73.2 points, or 0.19%, at the open to 38,368.35.

IT giant Infosys declared a dividend of Rs 20/share along with a special dividend of Rs 20 per share. The record date for the same is May 31. The company's board meeting is also scheduled for today

Neither Ambani, Adani, nor Tata, 'Modi stocks' is now the biggest D-Street buzzword before the election result on June 4. Global brokerage firm CLSA has released a report identifying 54 such “Modi stocks” within the F&O universe of 183 liquid names. Of this, 90% of Modi stocks have beaten Nifty in the past six months. Watch!

Nifty declined 216.05 points 1% at 22,488.65 on Thursday, led by strong selling pressure in most sectors. It has now reached the support cluster of 22,460–22,500, where support parameters in the form of the 20-day moving average and the 50% Fibonacci retracement level are placed.

NSE’s index services subsidiary, Nifty EV & New Age Automotive index, will track the performance of companies forming a part of the EV ecosystem. With the base date fixed on April 2, 2018, and the base value at 1,000, the index will be reconstituted semi-annually and rebalanced on a quarterly basis.

IDFC First Bank will allot around 39.68 crore shares to some of India's biggest institutional investors, including LIC, HDFC Life, ABSL Insurance, Bajaj Allianz Life, ICICI Lombard, and SBI General Insurance.

Capital markets regulator Sebi on Thursday launched a beta version of the settlement calculator to simplify the process of arriving at the indicative settlement amount, and provide more transparency in the system.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday's trading session, five stocks witnessed a top long unwinding. Here's the list:

May 30 (PTI) Capital markets regulator Sebi has tweaked guidelines for accepting liquid assets as collateral by clearing corporations (CCs) and put in place prudential norms for exposure of such entities in a bid to strengthen the risk management framework.

Indian benchmark indices ended on a negative note for the fifth straight session on May 30, with Nifty closing around 22,500 on its monthly expiry. The Nifty opened with a gap down of 87 points and then fell 288 points from the day's high. The index ended the session near the day's low, settling at Rs 22,488, down 216 points. Meanwhile, Sensex dipped 0.83% or 617 points to end the day at Rs 73,885.60. Here is a list of stocks that witnessed the most action on Thursday:

Bears were on a rampage on Thursday as selling pressure was witnessed in most sectors. Sensex hit the day's low of 73,668.73 and Nifty briefly slipped below 22,500. Indices plummeted for the fourth straight day, sending Dalal Street into a tailspin. Here are top five factors behind the blood bath. Investors lost 4.49 lakh crore.

Bears were on a rampage on Thursday as selling pressure was witnessed in most sectors. Sensex hit the day's low of 73,668.73 and Nifty briefly slipped below 22,500. Indices plummeted for the fourth straight day, sending Dalal Street into a tailspin. Here are top five factors behind the blood bath. Investors lost 4.49 lakh crore.

Mark Mobius turned bullish on Chinese equities, citing confidence in the recent rebound after advising investors to avoid them in April.

Bears were on a rampage on Thursday as selling pressure was witnessed in most sectors. Sensex hit the day's low of 73,668.73 and Nifty briefly slipped below 22,500. Indices plummeted for the fourth straight day, sending Dalal Street into a tailspin. Here are top four factors behind the blood bath.

In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.

Motilal Oswal Financial Services Chairman & Co-Founder Raamdeo Agrawal said that post-election will be a "very interesting time though things may have extended a little bit and it is quite possible that the next quarter or two could be slow.

Benchmark equity indices extended losses on Thursday, pressured by weakness in their global peers on increasing worries that U.S. interest rates will stay higher for longer. However, in today's trading session, four midcap stocks from the Nifty200 index reached a new 52-week high. Here's the list:

​Markets regulator Sebi on Thursday significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to seven days from the current 30 days. The move is aimed at facilitating ease of doing business.

​ European shares slipped for a third straight session on Thursday ahead of further economic data from the euro zone that will provide more clues on the European Central Bank's interest rate path, while rate woes continued to dampen sentiment.

After a phase of calm, volatility is back on the street. Somehow word volatility got associated with bearish trend, while it might appear strange to some, the fact is that even volatility has a bias and that can be toward bulls also. That is the reason why in this volatile phase, Nifty made a new high. So, rather than fearing a word it is better to understand it. Similarly when it comes to investing, it is important to understand that while events can impact the price in the short term. In the long term, things which matter is the underlying business, strength and quality of the balance sheet, ability and experience of the management. Whether it is pre-election or post election, always have a look at the above three when investing your hard earned money.

Awfis Space Solutions, a prominent participant in India's flexible workspace sector, experienced a respectable listing on Thursday, albeit slightly below expectations. The company's shares debuted at Rs 435, marking a gain of over 13% compared to the issue price of Rs 383.

Shares of CG Power surged 4% to Rs 660 on BSE after UBS raised the stock's target price to Rs 850, implying a 34% upside potential. UBS lauded CG Power's capital allocation strategy and highlighted its profitability and value potential.

R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Thursday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Rekha Jhunjhunwala likely earned Rs 224 crore dividend from her Rs 37,831 crore portfolio in the March quarter, including from companies like Titan Company, Canara Bank, and Valor Estate. She holds stakes in various companies and saw changes in shareholding in Agro Tech Foods and Nazara Technologies.

Lemon Tree Hotels saw its shares soar by 6.4% to reach a day's high of Rs 147.4 in Thursday's trading on the BSE. This surge followed the company's announcement of a profit after tax (PAT) of Rs 83.9 crore in the March quarter of FY24, marking a 42% year-on-year (YoY) rise from Rs 59 crore recorded during the corresponding period the previous year.

Shares of Edelweiss Financial Services plummeted by 17% on the BSE, hitting a day's low of Rs 64, following a directive from the Reserve Bank of India (RBI). The RBI directed the company to cease and desist from acquiring financial assets due to concerns arising from structured transactions conducted by its group entities.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Thursday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

Several brokerages are bullish on a number of stocks from different sectors, such as banking, financial, and Insurance. Trendlyne data shows that 5 S&P BSE Largecap stocks, including HDFC Bank, Bajaj Finance, and HDFC Life have high analyst ratings and can deliver up to 30%. Here's the list:

Bourses in Mumbai issue warning about social media scams using established brokers' names for high returns.

Brokerages raised target prices for auto components maker Samvardhana Motherson International to Rs 180 as it reported a two-fold jump in net profit to Rs 1,444 crore for Q4FY24. Shares traded 1% higher on BSE at Rs 148.

Strong earnings growth is supporting the share market, while the country’s inclusion in international indexes, stronger government finances, and slowing inflation favor fixed income, analysts led by Kamakshya Trivedi, Danny Suwanapruti and Sunil Koul wrote in a note.

Tata Steel shares fell 3% after reporting a 64% decline in net profit to Rs 611 crore in Q4FY24, missing D-Street's estimates. Jefferies sees weak results but better than expected, with Motilal Oswal stating revenue at Rs 36,600 crore and ASP affecting EBITDA/t. Jefferies has a 'buy' call with a target price of Rs 200.

Paytm shares rose 5% amid reports of deal talks between Paytm CEO and billionaire. Shares hit upper circuit limit despite company's denial of discussions.

Benchmark indices traded lower on Thursday as investors awaited the outcome of national elections. Tata Steel shares fell 2.5% post Q4 show. Tata Steel, Power Grid, JSW Steel among top losers.