Latest Stock Market News

IndusInd Bank addressed a whistleblower complaint regarding discrepancies in its financial records. The bank revealed that ₹595 crore in "other assets" were offset against "other liabilities" in January 2025. Additionally, ₹674 crore was incorrectly recorded as interest in the microfinance loan book over three quarters, later reversed.

HSBC s CEO, Georges Elhedery, expresses strong confidence in the US dollar s continued dominance as the global reserve currency. He highlights India s unique growth potential, emphasizing HSBC s commitment to expanding its presence, particularly in premier banking, to serve the affluent middle class. The bank is open to acquisitions that enhance capabilities and drive organic growth in strategic areas.

The RBI s bond purchase OMO witnessed robust demand, with bids nearing ₹71,194 crore against a notified ₹25,000 crore. The 2035 paper attracted the highest interest. Market participants are less aggressive in selling, anticipating further OMOs. Another OMO is scheduled for May 19.

Renewed India-Pakistan tensions have sparked investor interest in Indian defence stocks, with companies like Cochin Shipyard and Bharat Dynamics seeing significant gains. Anticipation of increased defence spending and potential export opportunities are driving this surge. While long-term prospects remain strong, some fund managers caution about the current elevated valuations and the pace of the rebound.

Foreign portfolio investors net bought shares worth ₹5,393 crore on Thursday, taking their total purchase tally for May to ₹17,142 crore. In April, they were buyers to the tune of ₹3416 crore. Domestic institutions were sellers to the tune of ₹1,668 crore on Thursday.

When markets resume trading today, Bharti Airtel, JSW Energy, Garware Technical Fibres, Spencer s Retail and Godfrey Phillips will be in focus due to various related developments.

Aditya Birla Capital s stock has surged following a strong Q4 performance, marked by double-digit growth in AUM and disbursements. The company s strategic shift towards secured loans, now 46% of the portfolio, has reduced lending risk. With improving asset quality and rising traction in high-margin personal loans, analysts project continued momentum and have raised target prices.

Shares in South Korea and Australia climbed early Friday, while Japan’s were mixed. US futures inched higher after the S&P 500 rose 0.4% Thursday. Canada’s stock benchmark hit a record with an eight-day rally.