Latest Stock Market News

Long unwinding occurs when investors sell positions or stocks they have held for an extended period, either to lock in profits or to exit in anticipation of a potential market downturn.

To promote ease of doing business, markets regulator Sebi on Wednesday allowed securities funded through cash collateral to be considered as maintenance margin for margin trading facility (MTF).

U.S. cryptocurrency shares fell in early trading on Wednesday after Democratic candidate Kamala Harris put her Republican rival and crypto supporter Donald Trump on the defensive in a combative presidential debate.

Western Carriers (India), a multimodal, asset light logistics company, plans to raise Rs 400 crore through an issue of fresh equity to repay debt and to fund capital expenditure, and another Rs 93 crore through an offer for sale by the promoters.

Goldman Sachs acquired 13 lakh shares of Arvind Fashions for Rs 75.35 crore in a block deal at Rs 574.73 per share, a slight discount. The stock closed at Rs 583.95, gaining 0.73%. Arvind Fashions has outperformed the Nifty, delivering a 75% return over the past year.

The issue was subscribed 63.6 times at the close, fueled by significant interest from non-institutional investors, who oversubscribed their category by more than 200 times. The high subscription levels for Bajaj Housing Finance are especially notable, given the competition from three other IPOs in the primary market, including Kross, Tolins, and PN Gadgil. Previously, the record was held by Tata Technologies.

The rupee weakened marginally versus the dollar on Wednesday, closing at 83.9773 due to dollar demand from oil companies. Inflows from the $782 million Bajaj Housing Finance initial public offering (IPO) capped weakness in the rupee, traders said

The Nifty Auto index closed 1.24 per cent down at 25240.6.

Indian government bond yields ended lower on Wednesday, with the 10-year yield touching a near 30-month low, tracking a sharp fall in U.S. peers and oil prices.