Latest Stock Market News

Indian equities slid for a fifth straight session Thursday, with the Sensex and Nifty dragged lower by financial and IT shares as persistent foreign outflows and worries over U.S. visa curbs weighed on sentiment.

The Indian stock market s increasing detachment from the real economy is a growing concern. Unlike the 2003-2008 boom, fueled by interest rate cuts and strong economic growth, the recent SIP Bull market, particularly post-2009, shows a worrying disconnect.

Tax authorities are set to leverage new provisions in the Companies Act to access data stored on servers located outside India. The government has instructed tax officials to utilize these rules, requiring companies to maintain daily backups of their books of account on Indian servers, even if primary storage is offshore.

Anand Piramal assumes the role of chairman at Piramal Finance, succeeding his father, Ajay Piramal, after the merger of Piramal Enterprises. The board also accepted the resignations of Ajay and Swati Piramal, with Ajay continuing to lead Piramal Group. Jairam Sridharan will be the MD & CEO, while new independent and non-executive directors have been appointed, pending shareholder approval.

Indian stock markets faced a fourth day of losses. This was due to worries about possible economic actions from the United States. The NSE Nifty and BSE Sensex both declined. H-1B visa concerns also affected market sentiment. Foreign investors sold shares, while domestic institutions bought. Experts suggest that market dips could be buying opportunities.

HSBC has upgraded Indian equities to overweight, encouraged by resilient local investors and supportive government policies. Valuations are no longer a major concern, and foreign funds have light positions. The bank projects a Sensex target of 94,000 for 2026, indicating a 15% upside, despite a gradual growth recovery and potential impacts from US tariffs.

Real estate stocks are experiencing a downturn, extending losses for the third consecutive session due to concerns about slowing demand and profit-taking after a significant rally. The realty index has underperformed the Nifty, with several key stocks like Godrej Properties and DLF seeing notable declines. Analysts anticipate potential further drops amid sluggish demand and strong supply.

Continuum Green Energy Holdings will acquire the remaining 26% stake from Clean Energy Investing (CEIL), marking Morgan Stanley Infrastructure Partners exit after a decade. This acquisition consolidates control under founders Vikash Saraf and Arvind Bansal ahead of Continuum s planned ₹3,650 crore IPO. The IPO proceeds will be used for debt repayment, general corporate purposes, and investments in subsidiaries.

TruAlt Bioenergy, an Indian biofuels producer, is set to launch its IPO to raise ₹750 crore for expansion and working capital, alongside an ₹89 crore offer for sale. While the company benefits from the growing ethanol and biogas demand, it faces policy risks. Financials show strong revenue and profit growth, but also increased debt.

Mumbai bond market awaits the government s borrowing calendar. Traders are cautious before the monetary policy review. They anticipate details on the Centre s H2 borrowing. The market expects changes in long-term bond issuance. RBI s reallocation strategy is also under scrutiny. Experts suggest measures to address yield curve distortions. The focus is on rebalancing the borrowing calendar.