Latest Stock Market News

National Securities Depository Ltd (NSDL) debuted strongly on the market at ₹880, a 10% premium over its IPO price of ₹800, and closed 17% higher at ₹936. The ₹4,012-crore IPO was heavily oversubscribed, reflecting strong investor demand. NSDL s market capitalization reached ₹18,720 crore, while its peer CDSL boasts a market value nearly double that amount.

Governor Sanjay Malhotra observes a shift in India s financial savings from bank deposits to equities, viewing it as a positive sign of economic growth and a move towards a balanced asset mix. This trend is fueled by declining deposit rates, prompting savers to seek higher returns in the equity market. RBI s repo rate adjustments have further contributed to this shift.

SEBI has given the green light to five companies—Epack Prefab Technologies, SSF Plastics India, Gujarat Kidney, Anand Rathi Share And Stock Brokers, and Prestige Hospitality Ventures—to launch their IPOs. These companies plan to raise capital through a combination of fresh issues and offers for sale.

Envestcom Holding RSC divested 22 million shares, representing a 1.83% stake, in Adani Energy Solutions (AESL) through bulk deals on the NSE and BSE. The shares were sold at ₹790 apiece, culminating in a total deal value of ₹1,736.73 crore. Following this transaction, Envestcom s stake in AESL has decreased from 2.68% to 0.85%.

JSW Cement garnered ₹1,080 crore from 52 anchor investors, including SBI Multicap Fund and Blackrock Emerging Frontiers Master Fund, prior to its IPO. The company offered 73,400,000 shares at ₹147 each.

JSW Cement, a part of the JSW Group, is set to launch an IPO. The company aims to raise ₹1,600 crore through fresh equity. It will also raise ₹2,000 crore through an offer for sale. The funds will support a new Rajasthan unit and reduce debt. Post-IPO, promoter stake will decrease.

On Wednesday, markets experienced volatility, closing lower amidst mixed signals. Several companies released their first-quarter results, impacting trading. Trent reported a 9% increase in net profit, while Hero MotoCorp s profit remained relatively flat. Sula Vineyards saw a significant decline in net profit, and BHEL reported a net loss. Jindal Stainless, however, posted a consolidated net profit.

Sebi chief Tuhin Kanta Pandey urged portfolio managers to embrace digital solutions for onboarding, reporting, and client engagement to maintain competitiveness. He cautioned against misleading performance claims, emphasizing the need for transparency and client education regarding risk-return trade-offs. The industry s growth necessitates upholding governance standards to preserve investor trust.

Indian bond yields experienced a surge on Wednesday. The 10-year benchmark government security witnessed a significant increase. This rise occurred amidst expectations of no rate cut in October. The Reserve Bank of India maintained its policy repo rate. The Indian rupee saw a slight strengthening against the dollar. However, India is facing potential tariff threats from the United States.

Tata-owned Trent saw a revenue increase of 19% reaching Rs 4,883 crore. Net profit rose by 9% to Rs 425 crore. The company opened one Westside store and eleven Zudio stores. Ten Zudio stores were shut. Trent is focusing on expanding in key markets and newer cities. The company aims to build a strong direct-to-customer business.