Latest Stock Market News

IRFC surged 6.4% after receiving government approval to raise Rs 10,000 crore via deep-discount bonds. This marks a strategic funding shift as IRFC diversifies beyond railways into power and infrastructure. The move reflects growing PSU interest in zero-coupon instruments despite past investor hesitancy with similar offerings.

Belrise Industries has set the price band for its Rs 2,150 crore IPO at Rs 85–90 per share. The issue opens on May 21 and closes on May 23. The auto parts maker will use Rs 1,618 crore to repay debt. The IPO comprises a fresh issue of 23.89 crore shares and will be listed on May 28.

Markets are rebounding with improved sentiment, falling rates, and mutual fund cash support. Sector rotation continues, with opportunities in infrastructure and autos. Risks persist in overvalued sectors and regulatory trust issues.

Singtel sold a 1.2% direct stake in Bharti Airtel for $1.54 billion, reducing its holding to 28.3%. The oversubscribed private placement attracted strong interest. Singtel cited capital optimisation and shareholder value as motives, while maintaining significant Airtel ownership to support India s digital growth ambitions.

The Nifty 50 index reached its highest point since October. Optimism surrounds a potential US-India trade deal. Corporate India is attracting global investors with significant debt deals. Favorable macroeconomic conditions and a dovish stance from the Reserve Bank of India are boosting the market. Global fund managers are increasingly favoring Indian shares.

Pankaj Tibrewal of IKIGAI Asset Managers sees a bright future for Indian entrepreneurs. He notes improved macro factors like lower oil prices and better liquidity. RBI s pivoting is a major positive. FII flows are expected to increase. Earnings reports are strong. Chemicals and consumer discretionary sectors show promise. Auto ancillaries are diversifying. Bottom-up stock picking is key for investors.

Eicher Motors Q4 Results: Revenue from operations for the March quarter rose 23% year-on-year to Rs 5,241 crore, compared to Rs 4,256 crore in the same period last year.

Easing trade tensions between the US and China have prompted major brokerages like Goldman Sachs and JP Morgan to revise their US recession forecasts. Goldman Sachs reduced its recession estimate to 35%, while JP Morgan places the probability below 50%.

MSCI has revamped its India Smallcap Index, adding 11 stocks including Tata Technologies and Hexaware, while removing 22 others. The rejig, effective May 30, also involves weight adjustments across select existing constituents, signaling shifts in market sentiment.

Jubilant FoodWorks may face business pressure due to rising India-Turkey tensions following Türkiye’s support for Pakistan. Its Domino’s Turkey unit, DP Eurasia, contributes significantly to revenue and could be impacted by boycott calls and strained trade ties.