Latest Stock Market News

Private equity firm WestBridge Capital on Tuesday divested a 1.5 per cent stake in AU Small Finance Bank for Rs 736 crore via open market transactions.

The Securities and Exchange Board of India is working on allowing simplified registration rules for foreigners investing only in government bonds, an official with the markets regulator said on Tuesday.

OfBusiness, an Indian shopping website backed by SoftBank, plans a $1 billion IPO in the second half of 2025. The company is in talks with major banks to manage the offer. Proceeds will be used for debt repayment and business growth. OfBusiness targets a valuation between $6 billion and $9 billion.

The Indian rupee weakened on Tuesday to end at 83.9675 per US dollar as risk appetite of the market was weak ahead of a series of US economic data that is expected to provide fresh cues for an interest rate cut by the US Federal Reserve.

Investors showed interest in healthcare, banks, capital goods, and consumer durables sectors, while energy, power, realty, metal, and oil & gas stocks faced selling pressure.

The aggregate loan loss provisioning by publicly listed banks in the June quarter increased to a four-quarter high led by a select banks including public sector banks (PSBs) such as State Bank of India (SBI) and Central Bank of India and private sector banks such as Axis Bank, Kotak Mahindra Bank, and Bandhan Bank.

The floor price for the issue has been set at Rs 395 per share.

The perpetrator on Monday moved 2,500 Ether tokens worth about $6.3 million to Tornado Cash — a sanctioned service that blurs the origin of cryptoassets — soon after the briefing led by WazirX’s Dubai-based founder Nischal Shetty.