Latest Stock Market News

Voler Car IPO is priced in the range of Rs 85-90 apiece, where investors can bid for 1600 shares in one lot and in multiples thereafter.

Sudip Bandyopadhyay, Group Chairman of Inditrade Capital, highlights global uncertainty, high valuations, and disappointing Q3 results as key factors spooking markets. Despite the market sell-off, he sees potential in large-cap stocks like State Bank of India, LIC, UltraTech, and Reliance for long-term investors.

The Rs 28 crore IPO of PS Raj Steels will open for subscription on Wednesday, listing on the NSE SME platform with 20.2 lakh shares. The company, specializing in stainless-steel pipes and tubes, aims to utilize the proceeds for working capital and corporate purposes. Allotment is set for February 17, with listing on February 19.

The Reserve Bank of India has allowed asset reconstruction companies (ARCs) to raise equity capital by listing their shares in the market, providing an opportunity to enhance liquidity and investor base. This move comes as ARCs face challenges in raising capital amid competition from government-backed entities and stringent net worth requirements.

While the performance was largely in line with analysts expectations, investors were not happy with the sequential moderation in the business, Apollo 24|7 business not breaking even and intensifying competition with Adani group s foray in healthcare. The Apollo stock closed 6.7% lower on Tuesday, with investor sentiment worsened by the steep decline in the benchmark indices.

REC raised up to ₹6,000 crore through two bond issuances on Tuesday, while India Infrastructure Finance is looking to raise ₹2,000 crore via bonds maturing in March 2028. Similarly, the National Bank for Agriculture and Rural Development (Nabard) is looking to raise ₹5,000 crore on Wednesday.

The RBI had prohibited IIFL from March to September 2024 from sanctioning, disbursing, or selling any of its gold loans citing certain supervisory concerns.

TVS Motor signed an memorandum of understanding (MoU) with Karnataka government to invest Rs 2,000 crore over next 5 years in the state.

The Nifty Pharma index closed 1.92 per cent down at 21249.5.