Latest Stock Market News

Sebi chief Madhabi Puri Buch reported annual household losses of about ₹60,000 crore in derivatives trades, suggesting these funds could be better utilized in IPOs and mutual funds. She emphasized regulating the expanding futures and options market and maintaining separate KYC systems to avoid contamination issues like those that affected Paytm.

The Securities and Exchange Board of India proposed relaxing disclosure norms for large foreign portfolio investors from neighboring countries. Sebi recommended setting a threshold for disclosure requirements. If entities from LBCs or non-LBCs hold more than 50% or 67% of the assets, FPIs will be exempt from providing granular details.

​And if you see last year the earnings growth was also coming from margin expansion, which has limited room to expand going forward, so that is something that will be critically watched for going forward.

​There are two things happening. One is, the banks which were very efficient, their asset quality improvement cycle is over and we will not probably see further asset quality improvement for these efficient frontline banks.Now, asset quality improvement is coming in banks which were laggard erstwhile. Let us say PNB, there is an asset quality improvement, there is a Bandhan Bank there is asset quality improvement.

Seshadri Sen of Emkay Global revealed their strategic shift to FMCG and IT sectors, emphasizing strong earnings growth and attractive valuations. They also identified opportunities in energy and auto sectors. Despite some valuation concerns, mid and small-cap stocks are expected to perform well, though investors are advised to be cautious about valuations.

Sensex and Nifty achieved new record highs amid volatile trading, continuing their three-day winning streak. Stocks like Maruti, M&M, and Tata Consumer were highlighted due to earnings and news. Significant profit reports came from GAIL and Indus Towers. Additionally, Vedanta received creditor approval for its demerger scheme filing.

SaaS fintech platform Zaggle Prepaid Ocean Services on Tuesday reported a multi-fold rise in its consolidated net profit to Rs 16.7 crore in the June 2024 quarter. It had posted a net profit of Rs 2.05 crore in the year-ago period.

The Indian stock markets experienced volatility throughout the trading session on Tuesday, but bulls drove the index higher toward the close. The S&P BSE Sensex gained 100 points, and the Nifty50 finished 21 points higher at 24,857