Latest Stock Market News

Oil markets are closely watching President Trump s efforts to mediate between Ukraine and Russia, impacting regional stability and energy flows. The Federal Reserve s upcoming Economic Policy Symposium in Jackson Hole is also a key event, with Jerome Powell expected to unveil the Fed s new policy framework. Market anticipates potential rate cuts in September amid signs of labor-market weakness.

Jana Small Finance Bank has reinforced its leadership by appointing Asheesh Maroo as chief credit officer and Rajesh Sharma as chief operating officer, bringing extensive experience from YES Bank, ICICI Bank, HDFC Bank and Corporation Bank. Meanwhile, Ganesh Nagarajan, the bank s chief operations officer, has resigned due to family health reasons and will be relieved on November 17.

The Income Tax Department is investigating US investor Jane Street. It has summoned EY, Jane s auditor in India. The department seeks details about Jane s Indian operations. They want to know who controlled the trading and where instructions originated. The tax office suspects tax avoidance through Jane s India, Singapore, and Hong Kong entities. Sebi may have prompted the tax probe.

Borrowing by vulnerable economic groups is changing. The number of borrowers with many lenders decreased significantly. This reflects stricter lending practices. Data shows a drop in borrowers using more than three lenders. However, some older loans still pose a risk. The microfinance sector is now focusing on stability. The market size has contracted.

Banks significantly increased lending for IPO investments last fiscal year. State Bank of India s IPO financing tripled. HDFC Bank leads with the largest loan book, followed by Bank of India. Sixteen banks provided substantial loans for IPO financing. The Reserve Bank of India anticipates continued momentum in primary markets. IPOs are gaining traction as a popular investment avenue.

Credila, formerly HDFC Credila, plans to secure up to $600 million in foreign loans post-IPO. Discussions involve DBS, MUFG, and SMBC. The funds will be raised via external commercial borrowing. The loan is marketed at 135-150 bps over SOFR. Credila s financing base has expanded significantly. Offshore borrowings now constitute 18.4% of its total debt.

Indian stock market anticipates GST simplification, potentially benefiting autos, cement, consumer goods, retail, hotels, and financials. Auto sector, especially two-wheelers, could see increased demand due to lower tax rates and potential RBI rate cuts. Financials may indirectly gain from credit growth in key sectors.

Indian sovereign bond yields increased following Narendra Modi s Independence Day announcement. The change involves rationalizing indirect tax slabs. This move raised concerns about potential revenue reduction. Experts suggest increased government borrowing might occur. Bond yields experienced the most significant single-day rise since early June. The market anticipates possible fiscal adjustments due to GST changes.

SEBI is considering easing IPO norms for large companies like NSE and Reliance Jio, potentially allowing them to list with smaller floats. For firms exceeding ₹50,000 crore market cap, the minimum share sale could drop to 8%. The regulator also proposes extending the timeline to meet minimum public shareholding norms, aiming to prevent oversupply and stabilize share prices.

Indian equities surged on Monday, driven by optimism surrounding potential GST simplification, leading to short covering in sectors like auto and FMCG. The Nifty and Sensex both experienced gains, fueled by positive domestic investor activity and a slight decrease in market volatility. Consumption-based stocks led the rally, with Maruti Suzuki emerging as a top gainer.