Latest Stock Market News

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.

FII selling, weak corporate earnings, and rising domestic inflation led to a 1000-point drop in the Sensex on Wednesday. Concerns over US policy actions and trade impacts on the global economy are contributing to market jitters and a stronger US dollar.

Vodafone Idea Q2 FY25 Results: Vodafone Idea has narrowed its losses to Rs 7176 crore in the September quarter, compared with Rs 8738 crore in the same quarter of last year.

Markets regulator Sebi on Wednesday proposed raising the maximum investment limit by an angel fund in a startup to Rs 25 crore, a move that can provide a boost to the new-age technology companies.

Higher availability of domestic credit and the volatile currency that pushed up hedging costs prompted Indian firms to go slow on overseas borrowings.

Sebi is considering regulating Angel Funds under its norms following the abolition of Angel tax. A consultation paper highlighted gaps in operational clarity and investor suitability. Sebi suggests revising existing norms to provide more flexibility and ease of operations.

Alkem Laboratories on Wednesday posted a 11% year-on-year (y-o-y) jump in net profit to Rs 689 crore in Q2FY25 led by growth in domestic formulation sales.

Indian markets declined for the second consecutive day, with the Sensex falling nearly 1000 points and Nifty closing below 23,600. Sectoral losses were seen in power, metals, auto, and real estate, while stocks like Tata Technologies and Vodafone Idea hit 52-week lows.