Latest Stock Market News

Jio Credit, the non-bank financing arm of the Mukesh Ambani-led Reliance group, on Wednesday raised Rs 1,000 crore through a maiden bond issue from domestic investors

Markets regulator Sebi on Wednesday expanded the list of eligible professionals who can be part of the internal audit team for Credit Rating Agencies (CRAs), making it more inclusive. Earlier, the internal audit team for CRAs was required to include a Chartered Accountant (ACA/FCA), and a Certified Information Systems Auditor (CISA) or someone with a Diploma in Information System Audit (DISA).

Indian markets rebounded on Wednesday with Sensex rising nearly 200 points and Nifty50 closing above 24,600. Gains were led by capital goods, realty, and metals, while banks faced selling pressure. CEAT and Mazagon Dock hit fresh 52-week highs.

Raymond has demerged its real estate arm, Raymond Realty, with shareholders receiving 1:1 shares. The standalone unit, posting stable financials and expanding via JDAs, targets a listing by September FY26 and has a revenue potential of Rs 40,000 crore.

Wall Street s main indexes opened higher on Wednesday after the week s strong start, as soft inflation data and the U.S.-China tariff truce boosted sentiment, while Donald Trump s Gulf tour stoked expectations of additional trade agreements.

Shree Cement Ltd, the country s third largest cement group by capacity, on Wednesday reported 14.9 per cent decline in consolidated net profit to Rs 575 crore for March quarter FY25.

Gold June futures dropped ₹1,300 on Wednesday, extending total losses to over ₹7,000 from recent highs. Analysts recommend a sell-on-rise strategy, with further downside likely amid easing inflation, global tariff relief, and geopolitical ceasefire signals.

Ixigo posted its strongest quarter yet with Q4FY25 revenue rising 72% YoY to ₹284 crore and PAT surging 128% to ₹17 crore. GTV grew 65% YoY to ₹4,418 crore, driven by growth in flights, buses, and operating leverage.

Karnataka Bank reported an 8% YoY decline in Q4FY25 net profit to ₹252 crore, citing higher expenses and accounting policy changes. While income rose 2.6%, operating profit and margins declined. Asset quality improved and deposits rose 7%.