Latest Stock Market News

SEBI has directed public interest directors on market infrastructure institution boards to consider system failures as financial irregularities. Directors must now understand emerging technologies and ensure systemic stability and data integrity, especially with AI adoption. They are urged to exercise independent judgment and proactively report risks to SEBI.

Singapore High Court approved WazirX s parent Zettai s restructuring plan, allowing the Indian crypto exchange to resume operations and begin asset redistribution. Following a creditor re-vote, WazirX expects to reopen by late October, prioritizing orderly withdrawals and enhanced security with third-party custodians like BitGo.

Axis Bank reported a 26% drop in September-quarter net profit to ₹5,090 crore, primarily due to a one-time ₹1,231 crore standard asset provision for discontinued crop loan variants. Despite this, net interest income rose 2% year-on-year to ₹13,745 crore, with the bank optimistic about GST cuts and retail loan growth.

Torrent Pharmaceuticals is planning a ₹14,000-crore bond sale to finance its acquisition of JB Chemicals & Pharmaceuticals. The company is in discussions with major banks for the funding package, which will be repaid through internal accruals. The proposed merger is awaiting regulatory approvals.

Nuvoco Vistas reported a profit of Rs 36.43 crore for the September quarter. This marks a significant turnaround from a loss in the same period last year. The company s earnings before interest, tax, depreciation, and amortisation surged by 62%. Revenue also saw an 8% year-on-year increase. Nuvoco Vistas is expanding its production capacity to 35 million tonnes by FY27.

Asian stocks opened higher, mirroring a volatile but ultimately positive close for US equities. Investors are navigating renewed US-China trade tensions, with President Trump declaring a trade war. Despite this, dip buyers are supporting market sentiment, keeping it firm.

Indian markets saw a strong rebound, driven by positive trade news and a stronger rupee. Several major companies including Axis Bank, Infosys, and Hyundai are in the spotlight today. Investors are watching for second-quarter results from IT giants Infosys and Wipro. Hyundai announced a significant investment in India. RBL Bank will consider fundraising. Angel One reported a profit decline.

Indian markets surprisingly jumped after the S&P 500 finished higher. Big banks like Morgan Stanley and Bank of America saw a boost from solid earnings, and chip stocks climbed thanks to increased AI spending. Even with ongoing trade issues with China, investors are focusing on how well companies are doing financially.

Oil prices experienced a notable rise following remarks from President Trump, who announced Indian Prime Minister Modi s commitment to ceasing oil imports from Russia. This pivotal decision is poised to shake up global oil dynamics. Market watchers are now on alert for upcoming US inventory data to guide their next steps, especially after a recent slew of mixed inventory outcomes.