Latest Stock Market News

Sebi chief Tuhin Kanta Pandey urged portfolio managers to embrace digital solutions for onboarding, reporting, and client engagement to maintain competitiveness. He cautioned against misleading performance claims, emphasizing the need for transparency and client education regarding risk-return trade-offs. The industry s growth necessitates upholding governance standards to preserve investor trust.

Indian bond yields experienced a surge on Wednesday. The 10-year benchmark government security witnessed a significant increase. This rise occurred amidst expectations of no rate cut in October. The Reserve Bank of India maintained its policy repo rate. The Indian rupee saw a slight strengthening against the dollar. However, India is facing potential tariff threats from the United States.

Tata-owned Trent saw a revenue increase of 19% reaching Rs 4,883 crore. Net profit rose by 9% to Rs 425 crore. The company opened one Westside store and eleven Zudio stores. Ten Zudio stores were shut. Trent is focusing on expanding in key markets and newer cities. The company aims to build a strong direct-to-customer business.

Abu Dhabi-based IHC divested a 1.83% stake in Adani Energy Solutions for Rs 1,737 crore through open market transactions, reducing its shareholding to 0.85%. This sale by IHC s affiliate, Envestcom Holding, follows a previous sale of Adani Enterprises shares in March.

Indian markets closed lower for the second consecutive session, dragged down by pharma and IT stocks. Technical analysis suggests a bearish outlook for Nifty, advising a sell on rise strategy below 24,850.

JSW Cement secured Rs 1,080 crore from anchor investors before its IPO launch. The IPO opens on Thursday and closes on Monday. It includes a fresh issue and an offer for sale. Funds will support a new facility and debt repayment. The IPO price is Rs 139-147 per share.

Hero MotoCorp reported a slight increase in net profit to Rs 1125.70 crore for Q1 2025, despite a 5.6% drop in revenue to Rs 9578.86 crore and a 10.9% decrease in two-wheeler sales. The company s EBITDA margin remained stable at 14.4%. Executives are optimistic about future growth due to positive customer sentiment, the upcoming festive season, and new product launches.

Promoters in seven Nifty500 companies reduced pledged shares in Q1FY26, signaling improved financial health and reduced debt reliance. Hindustan Zinc and IRB Infra led with sharp declines, enhancing investor confidence and indicating promoter trust in business fundamentals.​

Prestige Hospitality Ventures, the Prestige Group s hospitality arm, has received SEBI approval for its ₹2,700 crore IPO. The IPO includes a fresh issue of shares and an offer for sale by Prestige Estates Projects. Proceeds will be used for debt repayment, acquisitions, and general corporate purposes, reflecting confidence in India s premium hospitality sector.