Latest Stock Market News

Tata Capital s unlisted shares have experienced a significant drop of 30% from their April peak due to various factors. These include the volatility of unlisted markets, concerns about stretched valuations compared to peers like Bajaj Finance and Shriram Finance, and the impact of HDB Financial Services IPO performance.

Gold prices experienced profit booking after reaching a record high of Rs 1,08,749 per 10 grams, influenced by the U.S. employment revision report. Silver, however, showed resilience. The U.S. data revealed a significant downward revision in employment figures, raising concerns about stagflation. Experts advise caution, suggesting booking profits in gold and implementing stop-loss measures for silver trades, considering upcoming U.S.

The rupee strengthened to 88.10 against the US dollar, buoyed by FII inflows and a weaker greenback. Gains were limited by rising global crude oil prices, fueled by geopolitical tensions. Positive sentiments arose from FII investments and potential trade negotiations between the US and India, influencing market dynamics.

US President Trump confirmed ongoing trade negotiations with India, saying that they will be completed soon. Prime Minister Modi echoed optimism and said talks could unlock the full potential of the India-US partnership, boosting investor sentiment on the D-Street.

Japanese Prime Minister Shigeru Ishiba resigned after election defeats, shifting focus to the LDP’s October leadership race. Markets expect a pro-easing successor could delay BOJ rate hikes, weakening the yen and lowering bond yields

Indian government bonds remained stable in early trading today. This follows a selloff in the previous session. Traders are currently awaiting key inflation data from both the United States and India. This data will provide cues on future interest rate decisions by central banks. Market participants are closely watching these economic indicators for further direction.

Vikram Solar s share price rose sharply on Wednesday after the recently listed company posted a stellar Q1, with net profit soaring 484% YoY to Rs 133 crore and revenue climbing 80% to Rs 1,134 crore. Strong policy support, rising energy demand, and fresh solar module orders lifted investor sentiment.

Galaxy Medicare launches its Rs 22.3-crore IPO today, featuring a fresh issue and an offer for sale, with share prices between Rs 51 and Rs 54. The company intends to utilize the raised capital for capital expenditure, working capital needs, and general corporate purposes. Despite a diversified product portfolio and established brand, the IPO shows muted grey market activity.