Latest Stock Market News

SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions.

Indian rupee: The Indian rupee strengthened past 86 against the US dollar on Friday, marking its best weekly gain in over two years. Strong dollar inflows, RBI intervention, and buoyant equity markets contributed to the appreciation, aided by FTSE index rebalancing inflows.

Sensex surged 557 points to 76,906, with four BSE financial stocks hitting 52-week highs. JSW Holdings, Manappuram Finance, Bajaj Finance, and Kotak Mahindra Bank posted strong gains over the past month.

NSE shares will become easily transferable via the delivery instruction slip (DIS) mechanism from March 24, reducing transfer timelines from six months to just 3-5 days. The move eliminates manual KYC and verification, streamlining transactions in the high-demand unlisted market.

The National Stock Exchange (NSE) on Friday announced the launch of a dedicated website for municipal bonds in a bid to enhance the credibility and visibility of such bond markets in the country.

India s Shapoorji Pallonji Group has secured investor commitments of more than $4 billion for its debt sale in April, surpassing its funding target, two sources familiar with the matter said on Friday.

Wall Street opened lower on Friday as investors continued to navigate the complex landscape of tariffs, with FedEx becoming the latest firm to adjust its annual projections due to economic uncertainties.

The Nifty Pharma index closed 1.34 per cent up at 21625.9.

Zerodha:Zerodha founder Nithin Kamath claims that clients have saved ₹2,000-₹20,000 crore in brokerage fees over 10 years due to zero charges on equity delivery. He highlights how brokerage costs impact overall returns and emphasizes cost-conscious investing for better profitability.