Latest Stock Market News

Sumitomo Mitsui Banking Corp or SMBC will invest sixteen thousand crore rupees in Yes Bank. The investment will be through equity and debt. This will strengthen Yes Bank s balance sheet. SMBC will also acquire a twenty percent stake in the bank from existing shareholders. The deal awaits regulatory approvals. This move is expected to improve Yes Bank s financial standing.

Rakesh Gangwal s family trust divested a 1.3% stake in InterGlobe Aviation, IndiGo s parent company, for ₹2,933.4 crore through bulk deals. This sale is part of a phased exit strategy initiated after Gangwal stepped down from the board in February 2022. Shares of IndiGo closed lower following the transaction, though the stock has outperformed its benchmark index year-to-date.

Following India s sovereign rating upgrade by S&P, domestic firms like Credila and Muthoot Finance are actively pursuing offshore fundraising, aiming for over $2 billion. This move is expected to lower borrowing costs, though tax cuts and US tariffs introduce some risks. Market anticipates potential Fed rate cut may further influence fundraising strategies.

Uno Minda s shares soared to a record high following strong Q1 results, with gains of 18% since August 6. Limited exposure to US tariffs and strategic manufacturing locations globally have boosted investor confidence. The company is undertaking significant capital expenditure for growth and EV component manufacturing, alongside key management changes.

Cyrus Investments (CIPL) is seeking approval from its NCD holders to withdraw ₹100 crore from a portfolio holding company (PHC) deposit account. This withdrawal is part of the ₹216.8 crore dividend received in FY26. The remaining ₹116.8 crore, considered an excess dividend, will be transferred to a cash top-up account as per the debenture trust deed.

The markets declined on monthly expiry day. IndiGo s Gangwal family sold a stake. Reliance Industries will hold its AGM. ICICI Bank s compliance officer retired. TVS Motor faces EV volume issues due to magnet supply. Infosys partnered with Mastercard. Societe Generale acquired shares in RBL Bank. These developments are likely to influence trading.

Asian equities showed mixed performance as investors awaited a key US inflation report. US stocks reached a new high after strong economic data eased recession fears but also fueled concerns about persistent inflation. The market anticipates potential Fed rate cuts, influenced by economic indicators and geopolitical factors like the Russia-Ukraine situation, impacting commodity prices.

The IPO size is estimated to be in the range of $800 million to $1 billion. Groww’s equity shares would have a face value of Rs 2 each and will be listed on both the NSE and the BSE. The filing for IPO was made under Billionbrains Garage Ventures Ltd, Groww’s registered corporate entity.

SEBI has clarified that its cybersecurity framework applies only to systems exclusively used for regulated activities, accepting RBI-equivalent compliance. Critical systems are defined broadly, encompassing core operations and client-facing applications. Zero-trust principles are encouraged, while mobile app guidelines are recommendatory. The regulator also revised thresholds for regulated entities, categorizing Portfolio Managers by AUM and Merchant Bankers based on activity.

US stock market sees a slight dip in early trading. This follows new economic data and mixed earnings reports from major US companies. Hormel s shares fall after disappointing earnings. Victoria s Secret shares rise after exceeding expectations. Technology companies help offset declines in healthcare. Investors are watching Nvidia closely. The Labor Department reports a drop in unemployment claims.