Latest Stock Market News

Indian stock markets, Sensex and Nifty, opened higher on Tuesday, building on Monday s gains, fueled by optimism surrounding potential GST reforms and progress in Russia-Ukraine peace talks. Reliance Industries and Bharti Airtel led the advances. Geojit Investments V.K. Vijayakumar highlighted the positive market sentiment driven by policy pushes on GST and potential resolution of the Russia-Ukraine conflict.

Tata steel shares: The company s subsidiary, Tata Steel Advanced Materials Ltd (TSAML), approved the sale of its entire stake in Ceramat Private Ltd (CPL) to Lionstead Applied Materials Pvt Ltd, a unit of Lionstead Ventures LLP.

Hindustan Zinc s board has cleared a Rs 3,823 crore plan to set up India’s first zinc tailings reprocessing plant at Rampura Agucha Mine. The 10 MTPA facility will recover metals like zinc and silver, boosting sustainability and production capacity.

Shares of Glenmark, Alembic, and Sun Pharma will be in focus after the USFDA flagged recalls over manufacturing lapses. Glenmark is recalling Carvedilol and Theophylline tablets due to nitrosamine impurities and failed dissolution tests, while Alembic pulled Doxepin capsules and Sun Pharma recalled Spironolactone tablets. All three were classified as Class II recalls, indicating moderate health risk.

Smallcap investors face headwinds as Q1 earnings reveal an 11% YoY dip, with nearly half of companies missing estimates. Midcaps, however, shine with a robust 24% growth. Experts suggest a portfolio shift towards large-caps and mid-caps, anticipating a stronger second half driven by GST reforms and improved consumption.

Bajaj Finance shares are soaring, fueled by potential GST cuts on consumer durables and India s credit rating upgrade. Analysts predict lower EMIs and cheaper offshore funding could propel the stock past ₹1,000. Technical analysis suggests a positive near-term trend, with support around ₹850 and resistance at ₹930.

SoftBank is investing $2 billion in Intel. This will make SoftBank a top shareholder. However, SoftBank will not seek a board seat. Also, they will not commit to buying Intel chips. Intel shares are expected to rise. SoftBank shares are expected to fall. This investment is a vote of confidence for Intel. Intel is currently working on a turnaround effort.

Shein Group, headquartered in Singapore, is reportedly exploring a relocation of its headquarters back to mainland China. This move is being considered to potentially secure approval from Beijing authorities for its planned initial public offering in Hong Kong. The fast-fashion retailer has consulted lawyers, but discussions are preliminary and the move is not guaranteed.

Amidst geopolitical tensions surrounding the Ukraine war, the U.S. dollar remained stable against major currencies as markets awaited outcomes from a White House summit. The dollar index saw a slight increase. Meanwhile, cryptocurrencies like Bitcoin and Ether experienced declines. Japanese stock markets surged to record highs, while the Australian dollar gained following positive consumer sentiment data.