Latest Stock Market News

India s Shapoorji Pallonji Group is likely to raise around $3.3 billion through sale of bonds in the first quarter of the next financial year, two merchant bankers said on Wednesday.

Indian Overseas Bank received board approval to raise Rs 10,000 crore via long-term infrastructure bonds in multiple tranches. The funds will support infrastructure and affordable housing. Several public sector banks have raised similar bonds to boost credit growth. These bonds offer cost advantages due to regulatory exemptions.

Tata Communications surged 4.9% to ₹1,578.45 after JM Financial initiated coverage with a "buy" rating and a target price of ₹2,030, citing the company’s transformation into a digital solutions provider and strong growth potential in cloud, security, and AI services.

In the last 12 months, REC Ltd has announced equity dividends of Rs 21.30 per share, as per Trendlyne data. Based on a share price of Rs 428.45, REC s dividend yield is 4.97%.

ETMarkets analysis of mutual funds highlights stocks exclusively held by a single scheme.

The Indian rupee strengthened on Wednesday, touching a near two-month high, supported by dollar sales from foreign banks and seasonal inflows even as its regional peers dipped ahead of the U.S. Federal Reserve s policy decision.

Paradeep Parivahan’s SME IPO, which opened on March 17, saw a 95% overall subscription by 2:10 PM on the final bidding day. The Rs 45 crore issue received 95% retail and 97% non-institutional investor subscriptions, while QIBs subscribed to 91% of their allotment.

Sensex and Nifty closed higher for the third session, led by metals and financials. Defence and steel stocks surged, while IT stocks declined. Vodafone Idea, IndiGo gained; Mastek fell on high volumes.

Divine Hira Jewellers, based in Mumbai, specializes in designing and selling high-quality 22 Karat gold jewelry. The company mainly caters to wholesalers, showrooms, and retailers, providing a diverse selection of jewelry.