Latest Stock Market News

India’s benchmark indices Sensex and Nifty ended lower on Wednesday, dragged down by rate-sensitive stocks, after the Reserve Bank of India held key interest rates and stuck to a ‘neutral’ policy stance.

Sify Infinit Spaces Ltd., backed by Kotak Private Equity Group, is preparing to file for an IPO with the Indian regulator, potentially raising $500 million. The data-center unit aims to capitalize on the rising demand fueled by AI expansion, valuing the company at approximately $3 billion. Kotak Mahindra Capital Co.

The Indian rupee edged higher on Wednesday, helped by the central bank keeping its key rate steady, though impending higher tariffs on shipments to the United States are likely to keep the currency under pressure.

Power Finance Corporation reported a 25% YoY rise in Q1 FY26 net profit to ₹8,981 crore, with revenue up 15.5%. It also announced a ₹3.70 interim dividend. Strong margins and healthy asset quality supported performance, despite a 10% rise in expenses.

LIC is expected to report a 42% QoQ rise in Q1 profit, with a modest 5% YoY growth. APE and VNB projections vary across brokerages, reflecting mixed business trends. NBP may grow 10% YoY. Analysts cite investment income decline and business mix shifts as key performance drivers.

Capital markets regulator Sebi has given its nod to five initial public offerings (IPOs) this week, clearing the way for companies across diverse sectors to tap public markets.

Uber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ride-hailing and delivery services company benefits from growing adoption of its paid loyalty program.

Sensex and Nifty ended lower after RBI held rates steady. Key stock movers included Godfrey Phillips, Sarda Energy, Reliance Power, CCL Products, and Britannia, reacting to their respective Q1 earnings.

Antfin Singapore, an Ant Group affiliate, plans to sell its entire stake in Eternal. The sale involves 18.84 crore shares via a block deal. The floor price is set at Rs 285 per share. The deal is valued at approximately Rs 5,368 crore. This follows Antfin s recent exit from Paytm earlier this week. More details are awaited.

Vipul Bhowar of Waterfield Advisors says India’s equity markets remain resilient despite global headwinds. He highlights strong earnings, sectoral rotations, rising interest in alternatives, and selective midcap exposure. Investors should stagger entries, focus on fundamentals, and stay invested for the long term amid ongoing market consolidation.