Latest Stock Market News

Sammaan Capital (formerly Indiabulls Housing) has successfully raised $300 million through a three-year bond issuance to overseas investors at 8.95%. This marks their first international issuance under the new brand and aims to diversify their funding base, targeting 10% from international sources. The company plans further overseas borrowing to reach 10-15% within the next year.

SEBI has proposed modifications to the block deal framework, setting the minimum order size at ₹25 crore. The regulator mandates that all block deal trades must result in delivery, prohibiting squaring off or reversals. Stock exchanges are required to disseminate key information about block deals, including scrip name, client details, quantity, and price, to the public after market hours.

ECB officials are leaning towards holding interest rates steady in September, buoyed by growth and inflation trends aligning with June forecasts. The recent trade agreement between the EU and the US has eased concerns, though some uncertainties linger.

Sebi has proposed introducing a closing auction session (CAS) to determine share prices, initially for derivative stocks, with plans to extend it to all stocks later. The move aims to address concerns about operational complexity for passive funds. Sebi suggests extending the CAS framework to all highly liquid stocks to streamline execution for passive funds.

Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, emphasizing labor market vulnerabilities amidst accelerating inflation. He suggested a cautious approach, citing a shifting balance of risks and a slowdown in job growth. While acknowledging inflation concerns, Powell downplayed the long-term impact of tariffs, signaling a measured path toward easing monetary policy.

The Dow Jones Industrial Average rose 846.24 points, or 1.89%, to 45,631.74, surpassing its most recent record close on December 4, 2024. The S&P 500 gained 96.74 points, or 1.52%, to 6,466.91 and the Nasdaq Composite gained 396.22 points, or 1.88%, to 21,496.54.

WestBridge Capital will invest ₹450 crore for a 15% stake in Edelweiss Mutual Fund, valuing it at about ₹3,000 crore. The deal, subject to regulatory approvals, aims to fuel growth as Edelweiss MF’s AUM hit ₹1.52 lakh crore with strong profit momentum.

Vodafone Idea shares jumped 9.3% after reports of a potential government relief package for AGR dues. The proposed measures include extended moratoriums, flexible repayment terms, and possible waivers on penalties. With Rs 83,400 crore in AGR liabilities, the company seeks funding support for financial stability.

The Indian rupee weakened further on Friday against a stronger dollar ahead of a speech by Federal Reserve Chair Jerome Powell, capping a volatile week for the Asian currency that has been pressured by U.S. tariff-related uncertainties.

Morgan Stanley s Chetan Ahya anticipates India s economic recovery by late 2025, driven by government initiatives and RBI rate cuts. While GST rationalization may ease inflation, managing low inflation remains a key focus. The RBI is expected to cut rates further, while the Fed s decision hinges on upcoming jobs data, influencing global financial flows.