Stock market highlights: Sensex, Nifty close 0.3% lower each on growing Indo-Pak tension; Volatility index shoots up 6.5%

The Bajaj Finserv shares slid 6% in trade after the company reported earnings late last evening. Overall credit growth, asset quality and insurance sector reporting norms are impacting sentiment across the street.

The key strategic differentiators include

-Digital first Health Tech company providing differentiated products & services on a digital platform to all payers like Insurers, Corporates, Government and more, through bilateral network arrangement with all Providers

-The company is also looking to offer complete care options including Wellness, Outpatient (OPD) and Inpatient (IPD) services

Here is more on what's worrying investors.

Shrikant Chouhan, Head Equity Research, Kotak Securities pointed out that, "From a technical perspective, the market continues to face resistance near the 24,450/80,500 resistance zone. A small bearish candle forming near this important resistance level indicates indecisiveness between the bulls and bears. We believe that if the market could rally towards 24,600-24,700/81,000-81,300 above those levels. Conversely, if the market falls below 24,200/79,900, selling pressure is likely to increase."

The latest on the IndusInd Bank saga- After the CEO and MD Sumant Kathpalia stepped down, the Bank has disclosed that it had sought approval of the Reserve Bank of India to constitute a “Committee of Executives”, to discharge the duties, roles and responsibilities of the Chief Executive Officer of the Bank, for an interim period until a permanent CEO is appointed.

As per an exchange filing late yesterday, "in the absence of an MD & CEO of the Bank, (RBI) approved the constitution of a “Committee of Executives” comprising of Soumitra Sen (Head – Consumer Banking) and Anil Rao (Chief Administrative Officer) as members of the said Committee, to oversee the operations of the Bank under the oversight and guidance of an oversight committee of the Board."

The Oversight Committee will be chaired by the Chairman of the Board and shall comprise the chairs of Audit Committee, the Compensation and Nomination & Remuneration Committee and the Risk Management Committee, as members.

The “Committee of Executives” will be overseeing the operations of the Bank till a new MD & CEO of the Bank assumes charge or a "period of 3 months from the date of relieving the incumbent MD&CEO, whichever is earlier," added the statement.

The Bank, in a bid to assure investors, said it is taking all necessary steps to ensure stability and continuity of its operations while maintaining high standards of governance.