Latest Stock Market News

LIC shares fell 3% as reports indicated a possible 2.5-3% government stake sale via OFS, worth Rs 14,000-17,000 crore, within two weeks. Despite steady Q1 performance and dominant market share, Motilal Oswal trimmed its target. Disinvestment timing may impact near-term stock movement.

The Sensex rose 304 points to 80,539 on Wednesday, with a broader market rally pushing 10 BSE 500 stocks to their 52-week highs. Gains ranged from 6% to 35% over the past month, signaling strong bullish momentum across sectors.

Client Associates’ study of 25 tech IPOs (2020–2025) found only 36% delivered long-term alpha. IPO gains were often short-lived, with post-IPO investors faring worse. Pre-IPO results varied sharply, and retail-driven listings underperformed. CA urges focus on profitability, governance, and scalability over hype.

BPCL reported a 141% YoY rise in Q1FY26 net profit to Rs 6,839 crore, driven by higher margins and stable revenue. Sequential profit rose 56%, while GRM fell to $4.88/barrel. Downstream petroleum remained the dominant revenue contributor.

Dipan Mehta of Elixir Equities expresses disappointment in the banking sector s recent performance, citing increased competition hindering growth. Excluding PSU banks, many NBFCs and private banks have underperformed. Mehta suggests investors look beyond banking for market outperformance, highlighting potential in capital goods, power equipment, and select two-wheeler companies. While pockets of growth exist, consistent exceptional performance across industries remains challenging.

ETMarkets data shows 11 mutual fund-backed stocks have surged 40–82% in FY26, led by Delhivery, GE Vernova, and Hitachi Energy, reflecting strong institutional interest and robust market performance.

Gold prices on MCX fell Rs 1,500 this week after touching a record high, while silver remained firm. Softer U.S. CPI data boosted rate-cut hopes, supporting bullion. Analysts expect continued volatility amid tariff uncertainty, geopolitical events, and key U.S. economic releases, with gold and silver seen trading within defined weekly ranges.

Suzlon Energy shares slipped over 4% in Wednesday’s trade, but brokerages remain largely bullish, lifting price target to as high as Rs 80 on the back of record first-quarter deliveries, robust order inflows, and a strong domestic demand outlook.

European shares advanced on Wednesday, with technology and defence stocks leading gains, as global mood remained buoyant after tame U.S. inflation data cemented expectations of interest rate cuts by the Federal Reserve.