Antique Stock Broking on Tuesday settled with Sebi in a case pertaining to the suspected front-running of trades by paying Rs 29.25 lakh towards settlement charges.

ICICI Lombard s net profit witnessed a slight dip of 2% to ₹510 crore in the fourth quarter ending March 31, compared to ₹520 crore in the previous year. Despite this, the company s total income increased to ₹5,851 crore from ₹5,165 crore year-on-year. Gross direct premium income also saw a rise, reaching ₹6,211 crore.

The Nifty Auto index ended 3.4% higher on Tuesday, against benchmark Nifty s gains of 2.2%. Samvardhana Motherson International was the top performer on the index, up 8%, followed by Balkrishna Industries, Bharat Forge and Tata Motors, which gained 4.5-7% each.

The brokerage cut its Gross Domestic Product (GDP) growth estimates by 40 basis points to 6.1% and expects a slower recovery of 6.3% in FY27, against its earlier forecast of 6.5%.

The currency strengthened to 85.59/$1 levels during the day, before losing some ground due to importer hedging demand, while likely intervention by theReaerve Bank of India (RBI) contained excess gains. The rupee had closed at 86.04 the previous day.

Based on the PwC report submitted on Tuesday, IndusInd Bank said it has assessed an adverse impact (on a post-tax basis) of 2.27% to the bank s net worth as of December 2024 due to these discrepancies. Early March, when the gaps were first formally announced, the assessment was that the impact would amount to 2.35% of net worth.

Last year in June, Sebi received a complaint relating to manipulation of share price and diversion of funds from Gensol Engineering, following which it started to examine the matter.

Securities and Exchange Board of India had asked exchanges to scrap the practice of giving incentives to brokers based on the traded volumes from October 1 last year. While the move was aimed at boosting transparency, brokers said it has eroded profits-particularly of firms that thrived on high-volume trading and razor-thin margins.

According to an ETIG analysis, 28 out of 31 listed banks were traded at lower trailing price-book (P/B) multiples compared with the year-ago valuations. Of the remaining three banks, HDFC Bank s current P/B at 2.8 is higher than the year-ago level of 2.6 while ICICI Bank has a P/B of 3.3 compared with 3.1 a year ago.

New business growth was muted, with annualised premium equivalent (APE) slipping 3% YoY to ₹3,502 crore, as demand for unit-linked insurance plans (ULIPs) softened during the quarter.