Latest Stock Market News

Super Iron Foundry, based in Kolkata, is opening its IPO for subscription today, aiming to raise Rs 68 crores through the issue priced at Rs 108 per share. The IPO proceeds will primarily be used for working capital requirements and debt repayments. The offering will close on March 13, 2025.

The European Commission s ReArm Europe Plan aims to address rising security threats, which is expected to boost Indian defence stocks such as Bharat Electronics and HAL. Analysts note a favorable outlook due to strong government and private sector spending on infrastructure and capital goods, expecting a surge in defence orders soon.

Bond traders are increasingly concerned about U.S. economic growth due to President Trump s tariff policies and federal workforce cuts. Expectations for economic expansion are fading, leading to lower two-year Treasury yields and speculation of possible Federal Reserve interest rate cuts to prevent a downturn.

The Indian bond market remains steady amid expectations of a potential rate cut by the RBI in April, driven by anticipated sub-4% CPI print. Puneet Pal of PGIM India Mutual Fund predicts steepening of the yield curve and a liquidity surplus in the banking system. Investors are advised to focus on Short-Term/Corporate Bond Funds.

Change in EoM Guidelines: Under his stewardship, IRDAI introduced the Expenses of Management (EoM) regulations at a time when the industry faced scrutiny over tax evasion through overriding commissions.

When markets resume trading today, City Union Bank, Navin Fluorine, Syngene International, IIFL Finance, NLC India, Sharda Cropchem and Arvind Fashions will be in focus due to various related developments.

Foreign institutional investors (FIIs) were net sellers of Indian equities as they sold shares worth Rs 2,035.10 crore on Monday while the domestic institutional investors (DIIs) bought shares worth Rs 2,320.36 crore.

In September 2024, it completed the acquisition of a majority stake in Uniclan Healthcare, which produces baby diapers, wipes, and other baby hygiene products. The acquisition enables DOMS to diversify its portfolio by reducing exposure to a single line of products.

The S&P 500 had its biggest one-day drop since December 18 and the tech-loaded Nasdaq slid 4.0%, its biggest single-day percentage drop since September 2022.