Latest Stock Market News

Chinese stocks have rallied, driven by increased domestic liquidity and households seeking better returns amid low interest rates. Margin loans have surged, and turnover on onshore exchanges is rising. While major stimulus is absent, actions to curb price wars and improving US trade relations have boosted investor optimism, leading strategists to raise their outlook on Chinese stocks.

Siddharth Vora of PL Asset Management notes the Indian market s resilience. Domestic liquidity is strong with record mutual fund inflows. FII selling and tariff concerns create a range-bound market. Geopolitical de-escalation and a US trade deal could trigger an upside. The firm has reduced financials and IT, increased materials and healthcare, and holds a cash reserve.

Muthoot Microfin CEO Sadaf Sayeed reports positive impacts from MFIN s guardrails, reducing multiple loan borrowers from 20% to 8%. Muthoot Microfin s overleveraged customers decreased to 1%. Despite a typically slow Q1, disbursements reached ₹175 crores, benefiting 311,000 borrowers. The company is focusing on existing customers with higher credit scores, introducing new loan products, and expanding into new territories.

National Securities Depository Limited s Q1 FY26 results are out. Net profit rose 15% YoY to Rs 90 crore. However, revenue from operations fell 23% to Rs 312 crore. Demat account market share increased to 15.5%. NSDL crossed 4 crore demat accounts. Equity market share stood at 73.2%. Shares closed with 1% gains at Rs 1,288 on the Bombay Stock Exchange.

Paytm s parent company, One 97 Communications, saw its shares in focus after the RBI granted in-principle authorization to its subsidiary, PPSL, to operate as an Online Payment Aggregator. The approval is subject to certain guidelines and audits, including a cybersecurity assessment. In a relief, the RBI also lifted merchant onboarding restrictions imposed on PPSL since November 2022.

Tata Motors’ stock has plunged 44.6% from its peak, with analysts divided on the outlook. Jefferies cites weak Q1 results and cuts EPS estimates, retaining an Underperform rating. Technical experts note key support near Rs 640, but caution that a sustained rebound needs a breakout above Rs 700–Rs 720. Until then, a “sell-on-rise” strategy prevails.

Hindalco s net profit jumped 30% YoY to Rs 4,004 crore in Q1 on strong domestic performance. Brokerages remain divided, Motilal Oswal and Nuvama suggest buying, while Avendus advises selling, citing Novelis margin concerns and aluminium price risks.

Ambit Asset Management believes PMS will beat mutual funds soon. Concentrated portfolios can better capture alpha. Only select companies will show high earnings growth. Consumption stocks may rise with tax breaks and rural recovery. Good monsoon may boost rural demand. Earnings have been in line, but expectations were muted. High single-digit earnings growth is expected from Q3 onwards.

Muthoot Microfin, leveraging relaxed RBI norms, is diversifying into secured lending, including gold loans via co-lending with Muthoot Fincorp. They ve also introduced micro LAP and business loans, targeting existing customers and leveraging their branch network for cost efficiency. Aiming for a Rs 1,500 crore portfolio by FY26 in these new verticals, they project a 20% AUM growth.