Latest Stock Market News

SEBI has imposed penalties totaling Rs 35 lakh on seven entities for engaging in non-genuine trades in BSE s illiquid stock options, creating artificial volumes. The entities violated PFUTP norms. Additionally, a Rs 10 lakh fine was levied on Nikhil Dayanand Baljekar for market norm violations, and Basant Maheshwari Wealth Advisers LLP was fined Rs 4 lakh for regulatory breaches.

WeWork India IPO:Sebi has put WeWork India s IPO in abeyance while returning Star AgriwareHousing’s offer documents. Indira IVF Hospital withdrew its draft IPO filings made via the confidential route. WeWork India had planned a 3.3 crore share OFS route offering.

Indian markets erased early gains to close flat on Tuesday, marking their seventh straight session in the green. IT stocks led the rally, while auto, consumer, metals, and realty sectors dragged indices. Nifty now faces resistance at 23,800 and support at 23,300.

Shares in Trump Media jumped by as much as 10 percent on Tuesday after the company announced a partnership with Singapore-based cryptocurrency platform Crypto.com to launch a series of financial products.

The Sensex closed nearly flat on Tuesday, rising 33 points to 78,017. Four BSE Smallcap stocks hit 52-week highs, signaling strong momentum and potential future growth as investors track peak stock performance over the past year.

Cognizant Technology said on Tuesday its board has approved a $2 billion increase to the IT consulting company s current share repurchase plan, as it sharpens focus on bolstering shareholder returns.

State-owned IREDA on Tuesday said it has raised Rs 910 crore through issuance of bonds. The funds raised will enhance IREDA s Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio (CRAR), IREDA said in a statement.

States increased borrowings in March as lower SDL yields made fundraising cheaper, aided by the absence of G-Sec auctions. Experts cite RBI liquidity infusion and anticipated rate cuts as key drivers. SDL yields declined, attracting institutional investors ahead of the April monetary policy.

Life insurance stocks gained 7-12% since March 13, driven by market optimism and APE growth. HDFC Life is favored for its diversified portfolio and limited ULIP exposure. The sector faces competition amid 100% FDI plans, potentially impacting margins and premium growth.

Indian markets ended flat with a positive bias for the seventh straight session. The Sensex closed above 78,000, while Nifty50 edged up 10 points to 23,668. IT stocks gained, while metals, utilities, energy, and realty saw selling pressure.