Latest Stock Market News

Securities and Exchange Board of India is investigating misuse of Initial Public Offering funds in Small and Medium Enterprises. This follows action against Synoptics Technologies and First Overseas Capital. Sebi barred Synoptics and promoters from the market for siphoning funds. The regulator will review 20 other SME IPOs managed by First Overseas Capital.

Piramal Enterprises experienced a 25% drop in net profit for the March quarter, despite a 17% rise in assets under management. The profit stood at Rs102 crore, impacted by the previous year s one-off gain from Shriram Finance. Looking ahead, the company targets 25% AUM growth in FY26, aiming for retail assets to constitute 80-85% of the portfolio.

Satin Creditcare Network s Q4 net profit plummeted 67% to Rs 41 crore due to asset quality stress and rising credit costs. Despite a challenging environment, the lender achieved its 15th consecutive profitable quarter, with assets under management growing 7% to Rs 11316 crore. Loan disbursements saw a slight increase of 2.5% to Rs 2882 crore.

Indian companies have shown strong earnings for the March 2025 quarter. Metals, technology, BFSI, and oil & gas sectors performed well. However, future earnings estimates are being lowered more often than raised. Motilal Oswal remains cautious despite the positive results. They prefer large-cap and domestic-focused sectors. Near-term market volatility is expected due to global factors.

Indian markets closed in the green, demonstrating resilience after India s actions in Pakistan. Auto and bank stocks supported the indices, while FMCG and pharma stocks lagged. Analysts suggest Nifty may consolidate between 24,000-24,550, recommending buying opportunities in stocks like Tata Motors, KPR Mill, Bharat Forge, APL Apollo, and Power Grid based on technical indicators and potential breakouts.

United Breweries Ltd reported a 19.87 per cent increase in net profit for the January-March quarter of 2024-25, reaching Rs 97.76 crore. However, revenue from operations saw a decrease of 7.54 per cent to Rs 4,427.15 crore during the same period. Despite the revenue dip, the company s net profit for the entire financial year rose by 7.

Apple is exploring AI search options for Safari. This could challenge Google s search dominance. Google currently pays Apple billions to be the default search engine. Apple is also partnering with OpenAI. Google is trying to integrate its Gemini AI into Apple devices. Analysts believe Google could face significant consequences if it loses its exclusivity on Safari.

The US Federal Reserve concluded its May 2025 policy meeting by maintaining the key interest rates unchanged, citing persistent economic uncertainty stemming from recent tariff escalations and mixed economic indicators.

US stock indexes saw a sharp decline after the Federal Reserve kept rates steady. Alphabet s shares significantly impacted Nasdaq. The Fed cited risks to inflation and unemployment goals. Traders anticipate a rate cut by July. Market awaits policy clues amidst trade tensions. Disney s stock rose, boosting the Dow. Trade discussions between the US and China are expected.