Latest Stock Market News

Mihir Vora, CIO at Trust Mutual Fund, discusses market trends, highlighting the end of the correction phase and the potential growth in various sectors such as large banks, NBFCs, construction, and capital goods. He also mentions optimistic earnings forecasts for FY26 and the positive impact of government spending and liquidity adjustments, while reflecting on cautious optimism in the auto sector.

L&T shares rose 2.4% after BNP Paribas and CLSA reaffirmed "outperform" ratings, citing strong Gulf capex and major order wins. The company secured a $4 billion QatarEnergy LNG contract, its largest offshore deal. Stock remains below long-term SMAs but nears overbought territory.

Studds Accessories has filed preliminary papers with Sebi for an IPO, marking their second attempt. The IPO will be an offer for sale with promoters and other shareholders selling 77.9 lakh shares. Studds designs and sells helmets and accessories in over 70 countries. The company will not receive any funds from the IPO.

S&P Global Ratings Vishrut Rana highlights the significant impact of trade tariffs on the global economy, leading to tighter monetary policy in Asia-Pacific. India s GDP forecast is lowered to 6.5% due to domestic slowdown and external trade tensions, with expected 75 basis points interest rate cuts by end of fiscal year.

Market fall was driven by US-India trade negotiations and profit booking, with BFSI and IT stocks taking a hit. While Motilal Oswal sees potential in BFSI, Kotak Institutional Equities warns of downgrades in future earnings. Despite short-term uncertainty, BFSI stocks like ICICI Bank and HDFC Bank remain strong, with Jefferies and Anand Rathi continuing to favor private banks and NBFCs.

Tau Investment Holdings, a KKR & Co unit, plans to sell a 6.8% stake in JB Chemicals and Pharmaceuticals via a secondary share sale at Rs 1,625 per share. There s an option to oversubscribe to a total of 10.2%. The estimated transaction value for the 6.8% holding is Rs 1,717.4 crore ($200 million).

The Indian diaspora withdrew $1.5 billion more than it invested in local bank deposits between October 2024 and January 2025 despite the rupee s depreciation. This trend points to a tighter job market overseas, particularly in the Gulf, and concerns over global economic uncertainty amid prevailing tariff wars.

The brisk pace in retail loans will mean the proportion of retail in its total loan book could increase to about 32% in the next three years from 27%. Home loans as a percentage of BoB s loan book are relatively lower at 51% compared to 55% for larger peer SBI. Mudaliar said early success in personal and auto loans meant the bank never stepped on the pedal on home loans but that is now changing.