Ashutosh Joshi

Billionaire Nithin Kamath, founder of India’s second-largest stock broker Zerodha Broking Ltd., warned that the surge in his company’s margin-loan business may pose a risk if markets fall sharply even as the activity boosts revenue.

India’s popular stock benchmark, the BSE Sensex, briefly plunged about 3% during a 20-minute closing auction Thursday, exacerbating concerns over thin liquidity and manipulation during the window.

Adani Group companies on Monday erased 1.4 trillion rupees ($15 billion) in market value, the most in about 21 months, as India’s closing auction drove sharp swings during a scheduled MSCI Inc. index rebalancing.

India’s electric two-wheeler maker Ather Energy Ltd. is beating global EV stocks this year, with analysts pointing to more gains on its growing market share.

Ather Energy shares have surged nearly 130% in 2026, outperforming global EV stocks, as analysts expect rising market share and new launches to drive growth. Backed by Hero MotoCorp, Ather is expanding its mass-market reach, while strong investor interest and bullish analyst ratings support further upside.

BlackRock Global Funds have acquired less than 1% stake via open-market transactions in Ather while a Bloomberg EV index is down 1%, dragged by Tesla, BYD and Xiaomi.

BSE Ltd. is engaging with high-frequency traders and other market participants to boost day-end trading volumes after thin liquidity under the newly introduced closing auction system triggered sharp price swings.

Lender’s shares have tumbled 29% this year, their worst showing relative to the Nifty Bank gauge since 2003.

HDFC Bank Ltd. is barely holding on to its position as the most influential stock on India’s equity benchmark as a leadership upheaval and governance concerns deepen a selloff.

GQG Partners Inc.’s sale of Adani Energy Solutions Ltd. shares during India’s closing auction on Monday overwhelmed demand from passive funds, according to people familiar with the matter, contributing to a 10% slump in the stock on the day.