Latest Stock Market News

​Overall, sense is that the domestic flows in core categories are intact from a mutual fund perspective and also, from the FII perspective, a bigger sector like banking has seen good amount of flows and technology looks bottomed out, we are no longer seeing selling there.

Wendt India shares: The Offer for Sale (OFS), which opened for non-retail investors on May 15 and will continue for retail investors on May 16, aims to divest up to a 37.5% stake in the company. In a filing with the BSE, Wendt India stated that the promoter plans to sell up to 6,00,000 shares, representing 30% of the total issued and paid-up equity share capital.

Despite being newly established, the PCC hosted a high-profile delegation from the WLF, led by co-chairman Zachary Witkoff, son of Steve Witkoff, a known associate of Donald Trump. The delegation, which included other WLF executives, was welcomed by senior officials of the Pakistani government.

Tata Steel s prospects appear promising due to rising steel prices and cost reductions. Experts predict improved numbers for Tata Steel, favoring it over SAIL. They also foresee positive trends in the cement sector. However, the paint sector faces challenges. Asian Paints needs to boost volume growth to avoid potential price corrections.

Gensol Engineering shares hit the 5% upper circuit for the third straight session after the resignation of its MD and Whole-time Director, following SEBI’s interim order. IREDA filed an insolvency plea over a Rs 510 crore loan default. SEBI and ED probes allege fund diversion by the Jaggi brothers, with only partial delivery of EVs and massive stock erosion.

Warren Buffett, 94, announced he will step down as Berkshire Hathaway s CEO in December, citing Greg Abel s superior energy and effectiveness. Buffett, who led the company since 1965, noted the decision was driven by his own aging, not strategic concerns. While remaining chairman, Buffett expressed confidence in Abel s abilities and affirmed his continued involvement with the company.

Raymond shares surged 5% after completing the demerger of Raymond Realty, enabling direct investor participation in its real estate business. The newly independent unit, with Rs 40,000 crore potential revenue, is set to list by Q2 FY26.

Hari Shyamsunder of Franklin Templeton discusses the Indian market. He notes a correction since last September. Initial causes remain unresolved. Focus shifts to quarterly numbers and FY25 trends. Global macro factors, like interest rates and tariffs, pose challenges. Tariff war impacts are negative. India could gain from supply chain shifts. Earnings momentum is weak. Private banks offer relative value.

The recent downturn has pushed FDI in Europe to its lowest level in nearly a decade, raising concerns about the region’s global investment appeal.