Latest Stock Market News

Bhatia Family selling 2% stake in IndiGo for ₹3,292.3 crore through a block deal. First stake sale post IPO. InterGlobe Enterprises selling shares. Lock-up period of 365 days post deal. IGE to invest in hospitality, launching Miiro hotels in Europe.

Domestic equities closed marginally on Monday due to selling in IT stocks and HDFC Bank. Investors await US Fed, BoJ policy outcomes, and US, India CPI data for market clarity.

Fertiliser and agrochemical companies like FACT, Nova Agritech, and Rallis India saw a boost in shares as the monsoons arrived early. Analysts expect increased demand for products due to favorable weather conditions, with specific bullish recommendations for Coromandel International and other companies.

State Bank of India and other public sector lenders are urging the government to allow incentives to boost deposits, addressing a slump in credit flows.

Prime Minister Narendra Modi reappointed key members of his previous administration, including the Big Four cabinet members of the Cabinet Committee on Security (CCS) such as Amit Shah, Rajnath Singh, Nirmala Sitharaman, and S Jaishankar.

Neo Asset Management has closed its first Special Credit Opportunities Fund, raising ₹2,575 crore from high-net-worth individuals and family offices. The fund targets a gross internal rate of return (IRR) of 22-24% by investing in non-triple-A-rated companies with operating profits.

State-owned banks are reducing their reliance on derivatives to hedge domestic interest rate risks, with a notable decline in the market share of nationalised banks in the IRS MIBOR segment. Factors such as liquidity deficits, market volatility, and inflation targets have influenced this trend.

The microfinance market expanded by a fourth in FY24 with improved asset quality, driven by better loan recovery. Data from the Microfinance Institutions Network (MFIN) shows a 24.5% growth in the gross loan portfolio to ₹4.34 lakh crore.

Power utilities have already done well and possibly they will continue to do well because there is growth in that sector. So, many of these companies are putting in new power plants and things like that. So, there is definitely growth in that sector.