Latest Stock Market News

ETMarkets examined the June 2025 quarter disclosures of veteran investor Madhusudan Kela, who holds stakes above 1% in about 14 companies, with a combined market value of nearly Rs 2,700 crore as of August 26.

Vodafone Idea shares: Vodafone Idea shares slid 11.3% in two sessions to ₹6.56 after the government ruled out fresh relief on AGR dues, confirming no further concessions beyond equity conversion already made.

Two-wheelers, particularly premium motorcycles in rural India, remain strong despite flat passenger vehicle demand, with potential GST cuts as a trigger. In IT, AI hype hasn’t delivered immediate gains, hurting entry-level hiring. Analysts see opportunities in outsourcing and AI infrastructure support, while traditional IT firms face slower growth and market skepticism.

Waaree Energies shares rose 4% after its U.S. unit secured a 452 MW solar module order from a leading American renewable developer, extending a two-day rally to 7.7%. Backed by strong Q1 earnings, margin expansion, and a steady flow of international contracts, the company is boosting U.S. presence by doubling capacity at its Texas plant by 2025.

Japanese government bonds rebounded as attractive yields and easing political pressure on Prime Minister Ishiba spurred buying. Dovish comments from a Bank of Japan board member further boosted sentiment. However, demand at a two-year note auction was weak, raising concerns about future auctions despite recent yield highs on 10-year and 30-year bonds.

Global bond markets are bracing for increased volatility as major economies like Germany, Japan, and the U.S. prepare to issue long-dated bonds. Rising yields, driven by political uncertainty, inflation concerns, and potential rate hikes, are creating headwinds for governments already grappling with high debt levels.

Indian government bonds remained steady ahead of a significant debt sale of 320 billion rupees. The benchmark 10-year bond yield stood at 6.5926%. Traders anticipate pressure from the large debt sale, but hopes for central bank intervention are supporting sentiment. Concerns arose after states partially accepted bids at higher-than-expected yields, fueling speculation of RBI intervention.

The Indian rupee faced headwinds after an early rise. Importers increased hedging due to U.S. tariffs. Dollar demand also contributed to the rupee s weakness. The Reserve Bank of India likely intervened to stabilize the currency. Analysts predict a potential trading range with the rupee possibly weakening further. Indian equities also experienced a decline, impacting risk sentiment.

Jefferies anticipates that a Goods and Services Tax reduction may significantly increase the demand for automobiles. Two-wheelers and small passenger vehicles are likely to benefit the most. The brokerage has upgraded Hero Motocorp s rating. However, it maintains an Underperform rating for Hyundai and Tata Motors. The firm also expects volume growth in the auto sector.

Veteran investor Samir Arora suggests that recent FPI outflows from India are not indicative of a structural shift. He attributes the selling to private equity investors booking profits from IPOs, rather than a negative view on the Indian market. Arora highlights a global shift towards non-US markets, benefiting India.