Latest Stock Market News

Shares in Puma jumped 10% on Wednesday, with traders pointing to a media report that two parties were preparing for a potential takeover of the German sportswear maker.

Indian indices extended gains on Wednesday, led by auto, IT, and banking stocks. Nifty’s sustained strength above 21EMA signals bullish momentum, with resistance at 25,400–25,500. Analysts recommend eight stocks including Banco Products, SRM Contractors, KPIT Tech, Tata Power, and LTI Mindtree.

Sebi will "engage" with the government to allow banks, insurance companies and pension funds to invest in non-agriculture commodity derivative markets, its chairman Tuhin Kanta Pandey said on Wednesday.

The US Federal Reserve is expected to cut interest rates by 25 bps on Wednesday to support a weakening labor market, balancing tariff-driven inflation concerns, political pressure, and internal policy disagreements on employment and growth outlook.

Wall Street s major indexes displayed a cautious opening on Wednesday as investors awaited the Federal Reserve s widely expected interest-rate cut announcement later in the day. Nvidia shares experienced a slight decline following reports suggesting that Chinese technology companies might be reducing their purchases of the company s chips.

Indian markets are expected to remain range-bound with 8–9% Nifty returns over the next year, says Jefferies’ Mahesh Nandurkar. Strong domestic inflows support downside, but equity supply and weak FPI participation cap significant upside, keeping consolidation intact.

Sensex rose 313 points to 82,693 as seven BSE 200 stocks hit 52-week highs, signaling bullish momentum. Gains ranged from 5% to 22% across auto, steel, industrial, and banking sectors.