Latest Stock Market News

Hindustan Zinc Ltd. (HZL) aims for ₹62,000-65,000 crore in annual revenue by doubling its production capacity to 2 million tonnes. The Vedanta subsidiary anticipates an EBITDA of ₹34,000-36,000 crore and a production cost of $1,000 per tonne at this expanded capacity. Silver production is also expected to rise to 1,500 tonnes.

The Reserve Bank of India is framing rules for foreign exchange guarantees. These rules impact Indian citizens involved in such guarantees. Individuals need RBI s approval to act as surety. Reporting of guarantees and any changes is mandatory within seven days. Late reporting attracts a fee. A three-year window is available for late fee payments.

S&P s upgrade of India s sovereign credit rating to BBB is projected to lower overseas borrowing costs for Indian companies and non-bank lenders. Top-rated firms could see savings of 10-20 basis points on external commercial borrowings, currently around 7.75%. This shift expands the global investor base for NBFCs, potentially leading to spread benefits of 15-40 basis points.

Indian companies experienced a slowdown in revenue and profit growth during the June quarter, hitting multi-year lows due to weak performance in banking, consumer durables, and capital goods sectors. While some sectors like cement and hospitality showed double-digit profit growth, overall operating margins contracted.

MTNL has once again failed to repay its bond payment due on August 24, citing insufficient funds in its escrow account. Despite the default, all bonds issued by the debt-ridden telecom firm are sovereign guaranteed by the government. In case of default, the government of India is obliged to make the payment.

Indian stock and commodity exchanges including Bombay Stock Exchange, National Stock Exchange will remain closed on August 15, 2025, for Independence Day. Trading will halt across equity, derivatives, and commodity segments. Multi Commodity Exchange and National Commodity & Derivatives Exchange will also suspend trading. Markets will resume on August 18, 2025.

Investor optimism cooled in 2025, leading numerous companies, including NSDL and JSW Cement, to reduce their IPO sizes. This adjustment comes amid a surge of new share sales, creating a competitive market where investors have ample choices.

GMR Airports ₹1,500-crore mutual fund bond tranche faced a lukewarm response, securing only ₹950 crore in bids despite a 10.35% yield. Morgan Stanley stepped in to cover the shortfall after limited interest from mutual funds like HDFC and Axis.

Spandana Sphoorty Financial reported a consolidated net loss of ₹360 crore in the first fiscal quarter, marking its fourth consecutive quarterly loss due to high asset quality stress and a drop in business volume. The lender s consolidated income fell significantly, with increased provisions for bad loans and substantial loan write-offs contributing to the losses.

Japan s Nikkei achieved a record high this week, closing with a 0.46% gain on Friday, fueled by a weaker yen and surprisingly resilient economic data showing 1% growth in the April-June quarter. Financial shares surged following rising U.S. Treasury yields and comments suggesting potential interest rate hikes by the Bank of Japan, with banks leading the gains.