Latest Stock Market News

The Nifty Pharma index closed 0.57 per cent up at 21480.5.

Microsoft s shares have surged by nearly 16% following the announcement of a 3% workforce reduction, impacting over 6,000 employees globally. This restructuring aims to streamline operations, flatten management, and improve efficiency. The company is also implementing a new performance management framework, including a rehire ban for terminated employees and a focus on identifying underperformers.

Bill Gates pledges to give away $200 billion by 2045 to fight global poverty and disease, sharply criticizing Elon Musk for slashing US aid and endangering the world’s poorest communities.

Jio Credit, the non-bank financing arm of the Mukesh Ambani-led Reliance group, on Wednesday raised Rs 1,000 crore through a maiden bond issue from domestic investors

Markets regulator Sebi on Wednesday expanded the list of eligible professionals who can be part of the internal audit team for Credit Rating Agencies (CRAs), making it more inclusive. Earlier, the internal audit team for CRAs was required to include a Chartered Accountant (ACA/FCA), and a Certified Information Systems Auditor (CISA) or someone with a Diploma in Information System Audit (DISA).

Indian markets rebounded on Wednesday with Sensex rising nearly 200 points and Nifty50 closing above 24,600. Gains were led by capital goods, realty, and metals, while banks faced selling pressure. CEAT and Mazagon Dock hit fresh 52-week highs.

Raymond has demerged its real estate arm, Raymond Realty, with shareholders receiving 1:1 shares. The standalone unit, posting stable financials and expanding via JDAs, targets a listing by September FY26 and has a revenue potential of Rs 40,000 crore.

Wall Street s main indexes opened higher on Wednesday after the week s strong start, as soft inflation data and the U.S.-China tariff truce boosted sentiment, while Donald Trump s Gulf tour stoked expectations of additional trade agreements.

Shree Cement Ltd, the country s third largest cement group by capacity, on Wednesday reported 14.9 per cent decline in consolidated net profit to Rs 575 crore for March quarter FY25.