Latest Stock Market News

Stock exchanges are scrutinizing companies seeking IPOs with a broader definition of promoters, focusing on shareholders with significant control or influence, even with minority stakes. This includes those with familial connections, board presence, or founder status, aiming to enhance accountability and corporate governance. Exchanges are setting minimum shareholding thresholds and evaluating the nature of influence.

More than 30 Eternal executives converted options to more than Rs 1 crore of company shares. The Esop exercise comes as Eternal s stock hits a seven-month high, driven by Blinkit s impressive growth in the June quarter. The stock option exercise reflects confidence in the company s long-term prospects and aligns executive interests with shareholder value creation.

BlueStone Jewellery plans an IPO to raise ₹820 crore for working capital and ₹720.6 crore through an offer for sale, reducing promoter stake. While revenue more than doubled between FY23 and FY25, losses widened, and inventory levels increased significantly. Investors may await financial clarity post-listing, considering its high price-to-sales ratio compared to peers.

Shopee, owned by Sea Ltd., has experienced a remarkable resurgence in Southeast Asia s e-commerce market, with its stock soaring. This comeback is largely attributed to SPX Express, Shopee s in-house logistics network powered by local community members. By investing heavily in its own delivery infrastructure, Shopee has successfully navigated the region s logistical challenges, driving growth and investor confidence.

Foreign investors are increasingly pessimistic about Indian stocks, reaching a two-year high in bearish sentiment. Concerns stem from a weakening rupee, high valuations, and the impact of US tariffs on Indian exports. This has led to accelerated selling and a build-up of short positions in the derivatives market, reflecting a risk-off approach towards Indian equities.

Small finance bank shares saw a rise after Reserve Bank of India granted AU Small Finance Bank a universal banking licence. This move sparked optimism among investors that other SFBs might also secure similar approvals. Ujjivan and Jana Small Finance Banks have already applied. Equitas Small Finance Bank has expressed interest.

Trade and geopolitics also loom large with a U.S. tariff deadline on China due to expire on Tuesday amid expectations it will get extended again, while President Donald Trump and Russian leader Vladimir Putin are due to meet in Alaska on Friday to discuss Ukraine.

The market experienced a decline, reversing the gains from the prior session, resulting in a loss of approximately one percent. Tata Motors Q1 consolidated net profit decreased by 63%, while ICICI Bank raised the minimum balance for new savings accounts. Voltas reported a 58% YoY drop in net profit due to weather conditions.

The Indian Rupee s future hinges on US tariffs and the Reserve Bank of India s actions. The rupee weakened due to US tariffs on Indian goods. The RBI is defending the rupee s low against the dollar. US and India inflation data are key events to watch. Bond yields are expected to remain in a narrow range.