Latest Stock Market News

Indus Towers shares fell 5% to a 52-week low after the board approved a strategic international expansion into Nigeria, Uganda, and Zambia. While the move aligns with the government’s push for global growth, investors appeared cautious due to risks like regulatory hurdles, geopolitical instability, and cost pressures. The plan leverages Indus’s ties with Bharti Airtel in African markets.

TBO Tek shares jumped 11.61% to Rs 1,541.30 on NSE after announcing the acquisition of US-based Classic Vacations for up to $125 million. This strategic move will boost TBO Tek’s global footprint in the luxury travel market, combining advanced technology with Classic Vacations’ established luxury travel network and five decades of industry experience.

ITC shares have delivered no returns in two years amid GST, BAT stake sale, and Marlboro concerns. Jefferies expects revenue-neutral GST changes, which could ease investor worries and support steady cigarette industry growth.

Gold hit a record Rs 1,06,199/10 gm on MCX on Wednesday, gaining Rs 407 amid safe-haven demand and global uncertainties, while silver traded flat at Rs 1,24,476/kg. Internationally, gold neared $3,600/oz as silver eased on mild profit-taking.

Amanta Healthcare’s Rs 126 crore IPO was subscribed 23.04 times, driven by NIIs and RIIs. Trading at an 8% GMP, the stock may list around Rs 136. The company’s sterile liquid pharmaceuticals focus and global certifications position it for strong growth.

Gold has surged to record highs, driven by central bank buying, investment inflows, and geopolitical uncertainty. While jewellery demand is weakening, ETFs and physical investment remain strong. Analysts say central banks and global investors will determine if the rally sustains into 2025–26.

As the GST Council convenes, investors anticipate announcements that could influence market sentiment. Expert Varun Goel predicts FY26 as a potential turning point for India s GDP growth, fueled by monetary easing and tax cuts, benefiting consumption and capex. Corporate earnings are expected to rise significantly, particularly in auto, consumer durables, and staples sectors.

Vietnam s State Treasury experienced a significant downturn in its weekly government bond auction, managing to raise a mere 100 billion dong ($3.8 million). This figure marks the lowest amount garnered this year, a sharp decline from the $16.5 million secured in the previous week. The demand also plummeted, with only 0.

Indian government bonds experienced a rise on Wednesday, fueled by optimism that both the government and the Reserve Bank of India would offer support following a recent selloff. The benchmark 10-year bond yield saw a decrease. Traders are hopeful the RBI will address concerns about mark-to-market losses, with discussions ongoing regarding the second half borrowing program.

Parsvnath Developers Ltd, based in Delhi, reported a consolidated net loss of Rs 347.27 crore for the fiscal year 2024-25, an improvement from the Rs 594.13 crore loss in the previous year. However, the realty firm s total income decreased to Rs 303.45 crore from Rs 493.72 crore. The company has developed numerous residential and commercial projects primarily in North India.