Latest Stock Market News

Bankers say a few more firms are likely to launch QIPs in the coming week as companies look to capitalise on improving market sentiment and investor appetite.

Zepto is in talks to sell up to $250 million in shares, aiming to increase Indian ownership ahead of a potential IPO. This secondary sale, involving private equity firms Motilal Oswal and Edelweiss, will help boost Indian investor stakes from 33% to around 50%. The move highlights Zepto’s strategy to strengthen its position before going public.

Indian rupee:The Indian rupee ended a nine-day winning streak on Tuesday, slipping 12 paise to 85.75 against the US dollar. Month-end dollar demand from oil companies and importer hedging pressured the currency. Traders anticipate further rupee weakness amid tariff-related uncertainties.

RBI OMO:The RBI accepted ₹44,541 crore in bids during its fifth OMO purchase, lower than the ₹50,000 crore target. The auction saw bids worth ₹67,540 crore. Liquidity remains in deficit, but economists expect an improvement post-April with increased government spending.

Intercontinental Exchange (ICE) will launch derivatives in nickel, cobalt, and lithium spodumene later this year, responding to customer demand for hedging products. This move aligns with the strong anticipated growth in minerals essential for electric vehicle production and storage batteries. Other exchanges, including CME Group and the London Metal Exchange, have also introduced similar products.

SEBI has imposed penalties totaling Rs 35 lakh on seven entities for engaging in non-genuine trades in BSE s illiquid stock options, creating artificial volumes. The entities violated PFUTP norms. Additionally, a Rs 10 lakh fine was levied on Nikhil Dayanand Baljekar for market norm violations, and Basant Maheshwari Wealth Advisers LLP was fined Rs 4 lakh for regulatory breaches.

WeWork India IPO:Sebi has put WeWork India s IPO in abeyance while returning Star AgriwareHousing’s offer documents. Indira IVF Hospital withdrew its draft IPO filings made via the confidential route. WeWork India had planned a 3.3 crore share OFS route offering.

Indian markets erased early gains to close flat on Tuesday, marking their seventh straight session in the green. IT stocks led the rally, while auto, consumer, metals, and realty sectors dragged indices. Nifty now faces resistance at 23,800 and support at 23,300.

Shares in Trump Media jumped by as much as 10 percent on Tuesday after the company announced a partnership with Singapore-based cryptocurrency platform Crypto.com to launch a series of financial products.

The Sensex closed nearly flat on Tuesday, rising 33 points to 78,017. Four BSE Smallcap stocks hit 52-week highs, signaling strong momentum and potential future growth as investors track peak stock performance over the past year.