Latest Stock Market News

State Bank of India will be in focus after announcing plans to raise up to $3 billion in FY26 via public or private placement of foreign currency bonds. Meanwhile, the lender reported a 10% YoY drop in Q4 standalone profit at Rs 18,643 crore, though FY25 full-year profit rose 16%. Analysts maintain a ‘Buy’ rating with a Rs 930 target.

Indian benchmark indices began Thursday on a weak note, influenced by declines in banking and auto sectors, following a robust rally earlier in the week. Sensex declined by 229 points, and Nifty50 slipped by 58 points. Tata Power and Eicher Motors stood out, with their stocks rising following strong Q4FY25 results.

India s prominent investors, including the Jhunjhunwala family, adjusted their portfolios cautiously in the March quarter amid market volatility. While some trimmed stakes and exited certain stocks, others strategically increased holdings in sectors like sugar, pharma, and manufacturing.

Tata Consultancy Services is facing challenges. It is underperforming compared to its peers like Infosys and HCL Tech. Global economic uncertainty and client-specific issues are affecting TCS. The BSNL contract ramp-down is also impacting revenue. Analysts are cautiously optimistic about TCS s recovery. Technical analysis suggests a potential short-term buying opportunity. TCS remains a market leader with a strong foundation.

Indian government bond yields are likely to decrease slightly on Thursday. This is ahead of the Reserve Bank of India s debt purchase. Traders are closely monitoring U.S. Treasury yields for further direction. The central bank will purchase bonds worth 250 billion rupees. Private banks were significant buyers of Indian government bonds on Tuesday.

The Indian rupee weakened to 85.64 against the US dollar due to negative domestic equity trends as investors await Jerome Powell s speech for cues on US monetary policy. Easing crude oil prices and a weaker dollar index offered limited support.

Shree Cement s shares saw a rise after reporting record quarterly sales volume and a positive FY26 demand outlook, which helped offset concerns about a weaker bottom line in the March quarter. Despite a 14.9% year-on-year decline in consolidated net profit, revenue edged higher due to increased sales volumes and premium product contributions.

Gold and silver closed lower on Wednesday across domestic and global markets. Gold June futures declined 1.48% to settle at Rs 92,265 per 10 grams, while silver July futures dropped 1.34% to Rs 95,466 per kilogram.

Cochin Shipyard shares rose 4.4% ahead of its Q4FY25 results, buoyed by optimism around defence orders. Analysts expect order books of PSU shipbuilders to triple in two years amid strong policy support. While Antique maintained a ‘Hold’ on Cochin Shipyard, it reiterated ‘Buy’ on peers. The company had posted a 27% YoY profit drop in Q3 with margin pressure.