Latest Stock Market News

Power Finance Corporation reported a 25% YoY rise in Q1 FY26 net profit to ₹8,981 crore, with revenue up 15.5%. It also announced a ₹3.70 interim dividend. Strong margins and healthy asset quality supported performance, despite a 10% rise in expenses.

LIC is expected to report a 42% QoQ rise in Q1 profit, with a modest 5% YoY growth. APE and VNB projections vary across brokerages, reflecting mixed business trends. NBP may grow 10% YoY. Analysts cite investment income decline and business mix shifts as key performance drivers.

Capital markets regulator Sebi has given its nod to five initial public offerings (IPOs) this week, clearing the way for companies across diverse sectors to tap public markets.

Uber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ride-hailing and delivery services company benefits from growing adoption of its paid loyalty program.

Sensex and Nifty ended lower after RBI held rates steady. Key stock movers included Godfrey Phillips, Sarda Energy, Reliance Power, CCL Products, and Britannia, reacting to their respective Q1 earnings.

Antfin Singapore, an Ant Group affiliate, plans to sell its entire stake in Eternal. The sale involves 18.84 crore shares via a block deal. The floor price is set at Rs 285 per share. The deal is valued at approximately Rs 5,368 crore. This follows Antfin s recent exit from Paytm earlier this week. More details are awaited.

Vipul Bhowar of Waterfield Advisors says India’s equity markets remain resilient despite global headwinds. He highlights strong earnings, sectoral rotations, rising interest in alternatives, and selective midcap exposure. Investors should stagger entries, focus on fundamentals, and stay invested for the long term amid ongoing market consolidation.

Titan is expected to post a steady Q1FY26, with 22% PAT growth on strong jewellery demand and festive tailwinds. Rising gold prices and loan rates may impact margins. Watches, eyewear, and CaratLane are also likely to post healthy growth, supported by store expansion and a strong consumer demand environment.

M&B Engineering shares rose nearly 9% on NSE post a flat listing. Its Rs 650 crore IPO saw strong demand across investor segments. The company, operating in pre-engineered buildings and roofing solutions, plans to use proceeds for expansion, debt repayment, and IT upgrades. FY25 net profit surged 69% YoY.

European shares extended gains on Wednesday as investors bought into recent market weakness, brushing aside fresh U.S. tariff threats and digesting a mixed batch of corporate earnings.