Latest Stock Market News

​US tariffs are straining Southeast Asian economies, with Vietnam most exposed. ASEAN ministers meet in Kuala Lumpur to discuss trade, investment, and possible unified strategies as semiconductor duties pose additional risks.

President Trump canceled a key meeting with Democrats, intensifying the US funding standoff. With no deal before the September 30 deadline, a government shutdown looms, threatening federal services and workers’ livelihoods.

Shares of Minda Corp rose sharply after the company forecast revenue tripling to Rs 17,500 crore by FY30 and Ebitda reaching Rs 2,100 crore. Nuvama raised its target price to Rs 620, citing strong growth in EV harnesses and Smart Access segments.

Japanese government bonds saw gains as traders assessed the economic plans of potential prime ministers. The 10-year JGB yield decreased. This occurred amidst global concerns and domestic political uncertainty. Sanae Takaichi suggested issuing more JGBs. Shinjiro Koizumi proposed funding spending through tax revenue increases and spending cuts. A Koizumi victory could lead to unwinding of certain trades.

Indian government bonds saw limited movement on Wednesday. Investors are keenly waiting for the release of the government s borrowing calendar. The Reserve Bank of India s monetary policy decision is also expected next week. Market participants anticipate the central bank s stance. New Delhi plans to sell bonds. The RBI will auction treasury bills later. Traders are monitoring interest rate cues.

Gold prices eased Rs 900 from record highs after Fed remarks dampened immediate rate cut hopes. Despite profit-taking, global uncertainty and central bank demand keep bullish sentiment intact for gold and silver.

The Indian Rupee weakened to 88.80 against the US dollar due to tariff and visa concerns. Foreign funds are flowing out. Enhanced US tariffs and H-1B visa fee hikes affected investor sentiment. The Reserve Bank of India may allow further weakening to help exporters. Sensex and Nifty also experienced declines. Foreign Institutional Investors sold off equities worth Rs 3,551.19 crore.

Sri Lotus Developers and Realty shares rose 5.5% to ₹195.75 after Motilal Oswal initiated coverage with a ‘Buy’ rating and a ₹250 target price, implying a 28% upside. The brokerage highlighted strong fundamentals, sectoral tailwinds, and a robust project pipeline.

Seshaasai Technologies’ IPO enters its second day with 99% subscription on Day 1, driven by retail and NII demand. GMP stands at Rs 75, indicating an 18% listing upside. The company leads India’s payment card industry, backed by strong financials, robust growth, and a strategic expansion plan.