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RBL Bank shares rise as RBI approves stake acquisition in USFBL post-amalgamation

Posted by Able on August 07, 2025

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

Hong Kong stocks extended their rally on Friday, supported by ongoing positive market sentiment fueled by China's increased economic stimulus measures. The Hang Seng Index surged by 1.5%, marking its ninth consecutive day of gains, the longest winning streak since January 2018. Hong Kong-listed Chinese tech giants also saw continued gains, closing 2.7% higher.

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Prime Minister Narendra Modi's bombshell Independence Day announcement to overhaul India's GST structure by Diwali has sent shockwaves through Dalal Street, with over 40 stocks across sectors from autos to cement now firmly in brokerages' crosshairs as potential big winners. The market's euphoric response on Monday saw massive rallies across auto, financial, real estate, consumer, and cement stocks as investors scrambled to position themselves ahead of what analysts are calling the most significant indirect tax reform since GST's 2017 launch.

RBL Bank shares rise as RBI approves stake acquisition in USFBL post-amalgamation

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