Latest Stock Market News

RBI has announced a record Rs 2.69 lakh crore dividend for FY25, a 27% rise from last year but below market expectations of nearly Rs 3 lakh crore. The higher contingency reserve under the Economic Capital Framework limited the payout. While markets may react cautiously, this dividend strengthens government finances and supports fiscal deficit reduction and increased spending.

The interim relief granted to Paytm’s gaming arm, First Games, is part of a wider legal challenge to GST demands on real-money gaming platforms. The case centres on the classification and taxation of such platforms under the GST regime—an issue impacting several players in the online gaming industry

Eternal shares: The changes follow a decrease in the Foreign Ownership Limit (FOL) for the stock. As a result, Eternal s investability weighting in the FTSE All World Index has been cut from 82.74% to 49.5%.

Axis Securities recommends buying ITC shares, setting a target price of 500 rupees. ITC s cigarette revenue shows strong growth, driven by volume increases. While margins faced pressure from raw material costs, strategic savings helped offset the impact. The brokerage firm anticipates continued long-term growth for ITC. The stock s current valuation offers a safety margin compared to its competitors.

Abhishek Banerjee discusses the SME platform s surge in listings, driven by companies seeking capital and liquidity. He anticipates significant growth, potentially reaching 10,000 listings in a decade, democratizing mid-market capital. Banerjee also highlights the challenges and opportunities for investors, emphasizing the importance of stock selection and the potential for institutional involvement.

Viraj Gandhi of SAMCO Mutual Fund suggests that Indian markets, despite nearing lifetime highs, may experience a range-bound movement due to stretched valuations and moderate earnings growth. He emphasizes that a sustained bull run requires stronger fundamentals and a valuation reset.

Amidst global economic concerns and a US credit rating downgrade, Indian markets show signs of fatigue with profit booking visible. Investors are advised to tread cautiously, focusing on a buy on dips strategy for Nifty and Bank Nifty.

Tata Motors shares: The Mumbai-based automaker noted that its EV division is among the few electric mobility companies globally to reach profitability before depreciation and amortization.

Nifty futures ended Friday with a 0.96% gain at 24,890, while India VIX edged up slightly to 17.28 in the previous session.