Latest Stock Market News

South Korea s currency rose sharply against the dollar on Wednesday after a media report that the United States had demanded that Seoul come up with measures to boost the won.

Markets closed slightly higher on Wednesday, led by realty, pharma, and financial services. Stocks like Tata Teleservices, Trident, and JK Tyre surged post-results, while Dixon and Aster DM fell.

The Nifty Pharma index closed 1.25 per cent up at 21723.65.

Gold prices rebounded by Rs 1,910 to Rs 98,450 per 10 grams in the national capital as rising global uncertainties triggered a fresh wave of safe-haven buying. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 96,540 per 10 grams on Tuesday.

Indian markets ended higher on Wednesday, breaking a three-day losing streak. Gains in healthcare, telecom, and capital goods drove the recovery, with key stocks like Bharat Electronics and APL Apollo Tubes hitting 52-week highs.

Sebi has warned investors about rising stock market scams on platforms like WhatsApp and Telegram, urging caution against fake advisors and unsolicited trading tips. Investors should verify intermediaries and use official platforms for secure, informed investing.

IndusInd Bank Q4 Results: IndusInd Bank reported a consolidated net loss of Rs 2,229 crore in its Q4FY25 versus a net profit of Rs 2,349 crore in the year ago period period amid losses in its derivatives segment.

IndusInd Bank s audit for the year ended March 2025 revealed significant accounting discrepancies amounting to Rs 2,600 crore. These irregularities, potentially involving senior executives, include incorrect accounting of derivative trades, inflated income from microfinance, and unsubstantiated entries. The bank has written off notional profits and reversed incorrectly booked interest and fee income.

Integrated technology solutions provider Redington Ltd on Tuesday reported a standalone profit of Rs 209.45 crore for the January-March 2025 quarter, the company said. The city-headquartered firm had registered a profit of Rs 160.57 crore during the corresponding quarter of the previous financial year.