Latest Stock Market News

Sammaan Capital, formerly Indiabulls Housing Finance, has successfully raised $450 million through a five-year dollar bond. This marks their first international issuance after a significant investment from Abu Dhabi s International Holding Company. The bond was issued at a coupon of 7.50%. Investor demand was robust, with the issue being oversubscribed more than three times.

Tata Consultancy Services is investing heavily in artificial intelligence and data centres. This move aims to build new capabilities for global companies. The company plans to create 1 gigawatt of data centre capacity. This initiative is a strategic response to slowing revenue growth. TCS is also acquiring ListEngage to boost its Salesforce platform.

Canara HSBC Life Insurance is set to raise ₹2,518 crore via an offer for sale, reducing promoter stake to 62%. Despite a lower Value of New Business margin due to high operating expenses, the company s discounted valuation makes it an attractive prospect for long-term investors eyeing the insurance sector. Its embedded value has seen significant growth.

Asian equities opened lower, mirroring a pause in US stock rallies amid concerns over stretched valuations. While South Korea s Samsung Electronics surged, other markets saw declines. Investors are reassessing gains spurred by AI-linked tech stocks, with some analysts suggesting a potential bubble, though others point to sustained earnings power.

Indian stock markets saw a rebound on Thursday. Key companies like TCS, Tata Elxsi, Sammaan Capital, Waaree Renewable, and Signature Global are under the spotlight today. TCS reported its Q2 profit, while Tata Elxsi announced its results. Sammaan Capital is subject to an open offer. Waaree Renewable will announce its September quarter earnings.

Signature Global is raising Rs 875 crore through non-convertible debentures. The company s debenture committee approved the issuance of 87,500 debentures. This move follows a strong financial performance with a 386% year-on-year profit increase. Signature Global also acquired new land in Sohna. The real estate developer holds significant market share in the NCR and Gurugram regions.

Indian markets saw a dip on Thursday. Wall Street stocks pulled back from record highs. Federal Reserve Chair Jerome Powell provided no new policy updates. Investors focused on earnings from Delta and PepsiCo. The ongoing government shutdown impacted economic data releases. Delta Air Lines and PepsiCo reported strong results, boosting their stock prices.