Latest Stock Market News

Banks significantly increased lending for IPO investments last fiscal year. State Bank of India s IPO financing tripled. HDFC Bank leads with the largest loan book, followed by Bank of India. Sixteen banks provided substantial loans for IPO financing. The Reserve Bank of India anticipates continued momentum in primary markets. IPOs are gaining traction as a popular investment avenue.

Credila, formerly HDFC Credila, plans to secure up to $600 million in foreign loans post-IPO. Discussions involve DBS, MUFG, and SMBC. The funds will be raised via external commercial borrowing. The loan is marketed at 135-150 bps over SOFR. Credila s financing base has expanded significantly. Offshore borrowings now constitute 18.4% of its total debt.

Indian stock market anticipates GST simplification, potentially benefiting autos, cement, consumer goods, retail, hotels, and financials. Auto sector, especially two-wheelers, could see increased demand due to lower tax rates and potential RBI rate cuts. Financials may indirectly gain from credit growth in key sectors.

Indian sovereign bond yields increased following Narendra Modi s Independence Day announcement. The change involves rationalizing indirect tax slabs. This move raised concerns about potential revenue reduction. Experts suggest increased government borrowing might occur. Bond yields experienced the most significant single-day rise since early June. The market anticipates possible fiscal adjustments due to GST changes.

SEBI is considering easing IPO norms for large companies like NSE and Reliance Jio, potentially allowing them to list with smaller floats. For firms exceeding ₹50,000 crore market cap, the minimum share sale could drop to 8%. The regulator also proposes extending the timeline to meet minimum public shareholding norms, aiming to prevent oversupply and stabilize share prices.

Indian equities surged on Monday, driven by optimism surrounding potential GST simplification, leading to short covering in sectors like auto and FMCG. The Nifty and Sensex both experienced gains, fueled by positive domestic investor activity and a slight decrease in market volatility. Consumption-based stocks led the rally, with Maruti Suzuki emerging as a top gainer.

Markets rallied strongly, with Vedanta considering a second interim dividend. LIC launched a policy revival campaign, while GMR Airports announced the redemption of non-convertible bonds. Reliance Consumer entered the beverage sector through a joint venture, and Vodafone Idea seeks funds for its capex plan.

Sebi issued a consultation paper on implementing new eligibility norms for derivatives on non-benchmark indices, proposing constituent limits and weight caps. Exchanges BSE and NSE favor adjusting existing indices with phased transitions to ensure smooth compliance.

Markets regulator Sebi on Monday proposed relaxing the minimum public offer requirements for very large companies, and extending the timeline for them to meet minimum public shareholding norms.

Indian markets surged on GST reform hopes, with auto, FMCG and metals leading gains. Nifty faces resistance at 25,000 but sentiment remains positive. Analysts recommend Escorts and Blue Star after bullish breakout patterns backed by strong momentum and volumes.