Latest Stock Market News

Rekha Jhunjhunwala held a 7.06% stake in Nazara Technologies as of March 2025, owning 61,83,620 shares. However, by June, she had fully exited the company. On June 13, she sold 13 lakh shares on the BSE and 14 lakh on the NSE, at average prices of Rs 1,225.19 and Rs 1,225.63, respectively.

Central banks net bought 166 tonnes of gold in three months to June, 33% lower quarter-on-quarter, World Gold Council (WGC) data showed. While this is the lowest quarterly number since June 2022, it is 41% higher than the average quarterly level seen between 2010 and 2021, before buying ramped up sharply in more recent years, WGC data showed.

Strong second-quarter earnings, particularly from AI-related companies like Microsoft and Meta, have boosted investor confidence, pushing stocks near record highs. Despite earlier concerns about competition and tariffs, the AI trade is thriving, reassuring investors. While August s volatility might cause short-term dips, analysts suggest these pullbacks are buying opportunities, especially in mega-cap tech stocks that heavily influence the S&P 500 s performance.

Figma Inc. witnessed a remarkable 250% surge on its IPO debut, marking the largest first-day increase for a US-traded company exceeding $1 billion in three decades. Despite subsequent volatility, its market value soared to $61.5 billion, surpassing expectations from its abandoned Adobe merger.

Adani Power s board has approved a stock split, dividing each share of ₹10 into five shares of ₹2, aiming to broaden retail investor participation. The company reported a 15.5% drop in its Q1 consolidated net profit to ₹3,305 crore, with revenue declining 5.9% to ₹14,167 crore. Despite this, EBITDA from continuing operations stood at ₹5,744 crore.

Tata Power s consolidated net profit increased by over 6% year-on-year, reaching ₹1,262 crore in the June quarter, driven by strong revenue growth in its renewable energy and transmission & distribution sectors. CEO Praveer Sinha highlighted the company s renewable energy portfolio s exceeding expectations and the reliable electricity provided to 13 million customers. Tata Power s utility-scale operational renewable energy capacity is 5.

Delhivery reported a significant 68.5% year-on-year increase in net profit for the first quarter, reaching ₹91 crore, driven by efficient operations and consistent revenue. The company s express parcel shipments experienced a 14% volume growth, reaching 208 million. The recent acquisition of Ecom Express is expected to further boost Delhivery s market share in the 3PL segment.

Indian equity indices closed nearly 1% lower on Friday, marking their fifth consecutive week of losses due to concerns over potential US tariffs on Indian exports. The NSE Nifty ended at 24,565.35, while the BSE Sensex closed at 80,599.91. Pharma stocks were among the top losers, with Sun Pharmaceutical Industries tumbling 4.5%. Foreign portfolio investors sold shares worth ₹3,366.

PNB Housing Finance shares plummeted over 17% following CEO Girish Kousgi s unexpected resignation, marking its worst fall since 2018. Kousgi, known for revitalizing struggling lenders, leaves a leadership void, being the third top-level exit this fiscal year.

SEBI Chairperson Tuhin Kanta Pandey highlighted the misuse of preferential allotments and misleading disclosures by companies, harming retail investors. He cited instances of funds raised being siphoned off through complex transactions and forged bank statements. Assets were transferred to subsidiaries to repay promoter-linked entities obligations.