Latest Stock Market News

State Bank of India s decision to increase home loan rates could affect the housing market. Amit Mamgain of Yugen Infra suggests first-time buyers may delay purchases. Demand might shift towards more affordable options. Developers may need to adjust their strategies. They may focus on smaller homes and creative payment plans. Partnerships with banks could help maintain demand.

Devang Shah of Axis Mutual Fund suggests short-duration strategies for better yields. A recent rating upgrade offers a slight boost, but won t drastically change corporate bonds. Foreign capital flow impact will be moderate. RBI is likely to maintain a neutral policy. Investors should monitor currency dynamics and trade relationships.

Krishnan V R suggests a potential short-term rebound in the IT sector if US macro data improves, driven by possible Fed rate cuts due to weak jobs data and benign inflation. He favors premium consumption themes, allocating a significant portion to equities, with a smaller allocation to gold, silver, and debt.

Sachin Bajaj from Axis Max Life Insurance suggests Indian markets are still appealing for long-term investors. He acknowledges short-term market fluctuations due to global factors. The US tariffs pose challenges for Indian exporters. However, India s strong domestic demand and government support are positives. Bajaj highlights sectors like consumer discretionary, industrials, healthcare, cement, and BFSI as attractive.

Clean Science and Technology s shares plunged 8.9% after promoters Ashok Boob and Krishnakumar Boob reportedly sold a 20% equity stake through a block deal. The transaction involved 2.08 crore shares, executed at a floor price of Rs 1,030 per share, a 12.8% discount. Following the sale, the promoter group s holding is expected to decrease significantly from 74.97%.

Shares of Vibhor Steel Tubes and Borana Weaves will come into focus on Thursday as their shareholder lock-in periods end. About 38 lakh shares (20% equity) of Vibhor Steel and 15 lakh shares (6% equity) of Borana Weaves will become tradeable.

Vedanta shares: The NCLT deferred its hearing on the company’s five-way demerger to September 17 following government objections over alleged concealment of information and inflated revenues, while the Supreme Court rejected Vedanta’s compensation plea in a separate case. The stock fell nearly 3% on Wednesday after the developments.

Indian equity markets traded higher, fueled by gains in Reliance Industries and financial stocks, continuing a five-day rally amid GST cut optimism. The Sensex and Nifty both saw increases, while investors awaited insights from the Federal Reserve s symposium regarding interest rates. Market experts advise vigilance regarding valuations, particularly within the small-cap sector, despite overall positive momentum.

Shares of Bajaj Finserv rose 2% after Jefferies initiated coverage with a ‘buy’ rating and a target price of Rs 2,420, citing limited impact from Jio Financial’s entry. The brokerage sees 22% core earnings CAGR over FY25–28, driven by strong growth at Bajaj Finance, improving profitability in BAGIC and BALIC, and upside from new ventures in mutual funds, healthcare, and tech.