Negative News Nip the Markets Once Again

The market spent the last week in a classic ‘hurry up and wait’ mode —moving just enough to keep the traders on edge but not enough to make a real statement. But, while the stock prices hesitated, the news cycle didn’t. From corporate shake-ups to macroeconomic data, there was no shortage of action off the charts. Let’s start with a major shake-up in the banking sector—one that has sparked plenty of chatter on Dalal Street. IndusInd Bank’s MD and CEO, Sumant Kathpalia, finds himself under the regulatory lens once more.