Latest Stock Market News

Yes Bank’s shares are in focus following the Competition Commission of India’s approval of Sumitomo Mitsui Banking Corporation’s (SMBC) stake acquisition via secondary purchase from SBI and seven other banks. This regulatory nod is a key step, though completion depends on customary closing conditions. Yes Bank shares closed flat at Rs 19.56 on Tuesday.

Indian government bond yields will likely remain steady. A key meeting is set to discuss a possible reduction in the Goods and Services Tax. The 10-year bond yield is expected to trade between 6.53% and 6.58%. The GST Council will meet to discuss revenue protection. A debt auction will test investor appetite.

Japanese super-long dated bonds experienced a downturn, pushing yields to unprecedented highs amid renewed concerns about the nation s financial stability. This market reaction followed news of a close aide to Prime Minister Shigeru Ishiba intending to resign. The 30-year JGB yield surged by 8 basis points to 3.28%, while the 20-year JGB yield climbed 7 bps to 2.

Mitsubishi UFJ Financial Group is set to launch a 100 billion yen real estate fund targeting underperforming assets in major Japanese cities. The fund aims to improve the attractiveness of mid-sized offices, residential properties, and hotels in Tokyo, Osaka, and Nagoya.

Gold prices are hitting new records due to market uncertainty. Investors anticipate the U.S. Federal Reserve will cut interest rates. This expectation is boosting demand for gold. Donald Trump s administration is seeking a Supreme Court ruling on tariffs. The market is watching U.S. non-farm payrolls data. This data will influence the Fed s rate cut decision later this month.

Trading below the 200 DMA is considered a negative signal, indicating that a stock’s price is below its long-term trend line.

The GST Council meeting is anticipated to bring significant reforms, potentially boosting sectors like autos, consumer durables, and discretionary consumption. Analysts predict that a GST rate cut of 7-10% could lead to price reductions, spurring demand. Experts believe these reforms could trigger a strong consumption upcycle, especially benefiting lower-income households and driving growth in various sectors.

NSDL shares are in focus as 4% of its equity, valued at approximately USD 107 million, exits a one-month lock-in period. This event, along with similar lock-in expirations for Sri Lotus Developers and M&B Engineering, could lead to increased market volatility. NSDL has shown strong post-listing performance, potentially prompting profit-booking by early investors.

TCS shares: TCS inks €550 mn, 7-year deal with Scandinavia’s Tryg to drive digital transformation across Denmark, Sweden and Norway.

Indian benchmark indices Sensex and Nifty experienced a decline on Wednesday, primarily influenced by the downturn in banking and IT sectors. Investors exhibited caution in anticipation of the GST council meeting, where potential rate cuts on various goods are expected. The S&P BSE Sensex fell by 0.16%, while the NSE Nifty 50 also dropped by 0.16%.