The Indian state of Haryana has recommended a CBI probe into a Rs 590 crore fraud involving IDFC First Bank and AU Small Finance Bank, with the CBI now stepping in to investigate the diversion of government funds.

Analysts are bullish on Reliance Industries, citing strong refining margins and a recovering chemical cycle. Interglobe Aviation sees a target upgrade amid peer losses, while AU Small Finance Bank receives a neutral rating due to RBI norm changes. Ambuja Cements is favored for its cost efficiencies and expansion plans.