Latest Stock Market News

Experts suggest Jana SFB and Ujjivan SFB may bypass the promoter ring-fencing requirement for universal bank licenses, unlike AU SFB. Jana already has a listed holding company, while Ujjivan is fully publicly held after a reverse merger. This transition offers benefits like reduced capital adequacy and priority sector lending targets, enhancing their branding and deposit mobilization.

Smartworks Coworking Spaces has shown strong performance since its IPO, gaining 29%, driven by robust June quarter results. With 1.1 million sq ft of space to be handed over soon, the company anticipates margin growth in the second half of FY26. They are targeting 30% revenue growth in FY26, leveraging an expanding operational footprint and long-term client relationships.

Indian borrowers are increasingly seeking larger loans, fueled by easier retail credit access from public sector banks and NBFCs, while private banks exercise caution. Gold loans surge due to high prices, led by public sector banks in value and NBFCs in small-ticket lending. Home loans see public sector banks expanding market share with big-ticket loans.

Treasuries stabilized in Asian trading following corporate-debt sales and budget worries that impacted bonds and stocks. US 30-year bond yields remained near 5%, affecting tech shares, while Japan s ultra-long bonds also declined. Investors are navigating economic data, tariffs, Fed policy, and fiscal outlooks as the S&P 500 experiences minimal gains.

Domestic equities closed lower despite positive macro data, influenced by caution ahead of the GST Council meeting. Several companies are in focus, including Vikran Engineering and Anlon Healthcare, debuting on the exchanges. Indus Towers plans expansion in African markets, while Waaree Energies will acquire a 64% stake in Kotson.

Gold prices briefly surged to a record high, exceeding $3,508 an ounce, driven by anticipation of US interest-rate cuts and anxieties surrounding the Federal Reserve s future. This rally, fueled by expectations of a subdued labor market and subsequent rate reductions, has significantly boosted gold s appeal as a haven asset.

Sugar stocks witnessed a surge following the central government s decision to remove restrictions on ethanol production from sugarcane. This move has boosted investor confidence in sugar companies. Analysts anticipate improved profitability and a potential rise in ethanol prices. The Supreme Court s stance on ethanol-blended petrol further supports the demand for ethanol. Rajshree Sugars and Shree Renuka Sugars experienced significant gains.

Jane Street Group achieved a record-breaking $10.1 billion in net trading revenue during the second quarter, surpassing major Wall Street banks. This surge, more than double the previous year s figure, propelled their first-half trading revenue to an unprecedented $17.3 billion. The firm benefited significantly from the market volatility spurred by President Trump s tariffs and subsequent investor repositioning.

SEBI has given the green light to 13 companies, including Urban Company and Boat s parent company, Imagine Marketing, to proceed with their IPOs. Urban Company s issue is worth Rs 1,900 crore, while Juniper Green Energy plans to raise Rs 3,000 crore through a fresh issue. Jain Resource Recycling s IPO will include both a fresh issue and an offer for sale.