Latest Stock Market News

HDFC Securities has released a special report titled “25 Transformative Investment Ideas” to mark its 25th anniversary. The curated list includes high-conviction stock picks chosen based on sustainable earnings growth, valuation comfort, strong corporate governance, and healthy balance sheets. The portfolio reflects long-term opportunities aligned with India’s structural trends

The BSE IT index surged 6% this week, driven by Tata Elxsi’s 15% gain following a ₹70/share dividend announcement. Tech Mahindra and Coforge also saw notable gains, while 63 Moons Technologies was the biggest loser, dropping 7%.

IDFC First Bank on Saturday reported a 58% year-on-year fall in its March quarter standalone net profit at Rs 304 crore versus Rs 724 crore in the year ago period.

After a prolonged selling phase, Foreign Institutional Investors (FIIs) have turned net buyers, purchasing ₹32,466 crore in Indian equities over the past eight sessions. This shift is attributed to a softer US dollar, easing trade tensions, and improved investor sentiment.

After a strong rally, markets moved into consolidation last week, with the Nifty closing modestly higher while volatility surged. Key support zones around 23,900–24,050 will be crucial as external risks, including lowered IMF forecasts and geopolitical tensions, loom. Sector rotation continues, with PSU Banks and Commodities leading, while the IT and Auto sectors remain weak.

The RBI has significantly eased FEMA regulations by capping penalty amounts for violations at Rs 2 lakh, a substantial reduction from the previous system of penalties based on a percentage of the violation amount. This change impacts various contraventions, including LRS proceeds, export timelines, and gifting of high-value shares.

Prestige Hospitality Ventures plans to launch an IPO. The company aims to raise Rs 2,700 crore. It filed documents with SEBI. The IPO includes fresh equity and an offer for sale. Funds will support new assets and debt reduction. Prestige seeks to expand its hospitality portfolio. The company currently operates seven hotels.

The Spandana board on Wednesday appointed chief financial officer Ashish Kumar Damani as the interim chief executive of the company. Saxena will continue to assist the company for the next three months to ensure a smooth transition.

The National Company Law Tribunal (NCLT) has approved the sale of 18 commercial units at Kohinoor Square in Mumbai to the Gajra Brothers and associated parties for approximately ₹315 crore. This sale, involving IL&FS Transportation Networks (ITNL) and IL&FS Financial Services (IFIN), is part of the IL&FS resolution framework.

Following the tragic terror attack in Pahalgam, Jammu and Kashmir, where 26 people lost their lives, LIC has announced relief measures for the affected families. The insurer will accept government records or proof of compensation as death certificates to expedite claims. Various state governments have also declared ex-gratia payments to the victims families.