Latest Stock Market News

Markets regulator Sebi on Wednesday exempted InvITs and REITs from specific lock-in and allotment restrictions when issuing units to an employee benefit trust under unit-based employee benefit (UBEB) schemes.

PE firm Advent backed Suven Pharma net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year.

NSE will add 45 new stocks to its F&O segment from November 29. Zomato, DMart, and Jio Financial are some of the prominent inclusions. NSE selects highly liquid stocks with stable prices for the F&O segment. This allows investors to trade derivatives with lower capital. NSE is a leading derivatives exchange globally.

Apollo Tyres reported a 37% decline in its consolidated net profit for the September 2024 quarter, reaching Rs 297 crore. The company attributed the decrease to weak demand in the Indian OEM segment and a surge in raw material costs. Despite this, revenue from operations saw a slight increase to Rs 6,437 crore compared to the same period last year.

Vodafone Idea’s net loss widened to Rs 7176 crore in the fiscal second quarter, FY25, from Rs 6432 crore in the previous quarter, as tue telco continued to be dragged by customer losses, though the recent headline rate hike of July helped it report some sequential revenue growth.

Bitcoin charged past the $90,000 level on Wednesday, as its relentless rally showed no signs of easing on expectations that Donald Trump as U.S. president and his administration will be a boon for cryptocurrencies.

The stock of Aptus Value Housing Finance India has fallen by 18.5% over the past month amid weakness in the broader market despite posting double digit growth in disbursements and higher RoE for the September quarter.

Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 1.77 crore, or 6.82 per cent stake, of PNB Housing Finance through open market transactions worth Rs 1,664 crore. According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 1.42 crore shares or a 5.4 per cent stake in PNB Housing in two transactions.

Drugmaker Wockhardt on Wednesday reported a net loss of Rs 16 crore in Q2FY25 led by improved performance across UK, India and emerging markets.