Market News

Sebi bars Kore Digital promoters over Rs 541 crore revenue misstatement

India's Securities and Exchange Board (Sebi) has restrained Kore Digital and three key executives following discovery of prima facie evidence of financial misstatements totaling Rs 541 crore, questionable subsidiaries, and suspicious accounting practices. The regulator has blocked the company's main-board migration and ordered a forensic audit of its records.

Fed Raises Rates for First Time Since 2023, Signals Hawkish Shift

The Federal Reserve has unanimously raised interest rates for the first time since 2023, signaling a more hawkish approach to inflation management and prompting investors to prepare for potential additional increases. The move has created uncertainty about future monetary policy direction, with bond yields initially surging before retracting.

CoreWeave Launches $3 Billion Convertible Debt Sale

CoreWeave announced a $3 billion convertible debt offering alongside an at-the-market stock sale program to bolster its AI infrastructure capabilities. The dual financing strategy reflects the company's push to strengthen its balance sheet amid rising capital requirements in the artificial intelligence sector.

US stocks surge at open as oil decline eases Fed rate hike concerns

US stock indexes opened sharply higher on Thursday, with the S&P 500 gaining 1.05% and the Nasdaq climbing 1.54%, as falling oil prices improved investor sentiment following the Federal Reserve's rate increase under Chair Kevin Warsh. The rally reflects market relief that lower energy costs may help offset the impact of tighter monetary policy.

NSE's $2.7B IPO becomes India's second-largest offering

India's National Stock Exchange completed a Rs 22,561.57 crore IPO, ranking as the country's second-largest public offering after Hyundai Motor India, with 189 anchor investors participating. The exchange's anchor round raised Rs 6,746.18 crore, marking the second-highest anchor investor contribution in Indian IPO history.

Mauritius fund Soach Global eyes 25x returns from NSE IPO stake

Mauritius-based Soach Global stands to realize approximately 25 times returns on its decade-long investment in the National Stock Exchange through the upcoming IPO, with its total 82.5 lakh shares valued at up to Rs 1,472 crore at the indicated price band. The fund plans to sell 16.5 lakh shares while maintaining 66 lakh shares as a long-term holding.

Bank of England Holds Rates Steady Amid Mounting Inflation Concerns

The Bank of England maintained interest rates at 3.75 percent while halting gilt sales, citing escalating inflation risks that could push price pressures above 4 percent in the coming year. Governor Andrew Bailey signaled the central bank may need to adopt tighter monetary measures, even as three Monetary Policy Committee members voted for a rate increase.

Voltas Among 7 BSE 200 Stocks Hitting 52-Week Lows

Seven BSE 200 stocks touched fresh 52-week lows on Thursday as the Sensex declined 22 points to 74,314, with Voltas, United Breweries, Shree Cement, and Maruti Suzuki each falling approximately 11% over the past month. The broader weakness also impacted Wipro, Bank of Baroda, and UPL, signaling sector-wide pressure across consumer discretionary, materials, and financial stocks.

Puravankara Eyes Rs 2,600 Cr Revenue from Mumbai Redevelopment

Puravankara Ltd announced plans to redevelop three housing societies in Mumbai with an expected total revenue of Rs 2,600 crore, targeting properties in Bangur Nagar and Goregaon West with a combined developable potential of 1.05 million square feet. The project represents the company's continued expansion in India's largest residential real estate market.

Softer oil prices support Indian government bonds after Fed hike

Indian government bonds recovered on Thursday as falling oil prices eased concerns about potential rate increases from the Reserve Bank of India. The benchmark 6.94% 2036 bond yield ended slightly lower than Wednesday's close, with overnight indexed swap rates also showing recovery.

US Stock Futures Rise as Oil Pullback Lifts Sentiment Post-Fed Hike

US stock futures moved higher following a pullback in oil prices, according to reports, with market sentiment improving despite the Federal Reserve's recent rate hike decision. The combination of lower energy costs and market adjustments to monetary policy has buoyed investor outlook for equities.

Indian equities mixed as Nifty gains, Sensex slips on Thursday

Indian equities closed with mixed performance on Thursday, with the Nifty50 index rising 0.23% while the Sensex declined marginally, according to reports. HDFC Life, Tata Motors PV, and SBI Life emerged as top gainers on the Nifty, while ONGC, Titan, and HDFC Bank led the decliners.

Sebi Chief Urges Investors to Reconsider F&O Trading Amid Persistent Losses

Sebi Chairman Tuhin Kanta Pandey has advised investors to assess whether futures and options trading aligns with their financial goals, noting that regulatory measures have reduced aggregate losses but individual traders continue to suffer significant losses. According to Sebi's latest study, individual traders' net losses decreased to Rs 91,685 crore in FY26 from Rs 1.12 lakh crore in FY25, though 88% of individual traders still reported losses.

Emami announces Rs 282 crore share buyback at 29% premium

Emami has announced a share buyback programme worth Rs 282 crore at Rs 475 per share, representing a significant premium to the previous closing price. The FMCG company will repurchase up to 59.36 lakh shares through open market purchases, marking its first buyback since 2023.

Venus Pipes shares surge on preferential issue to Kacholia, WhiteOak

Venus Pipes and Tubes announced a Rs 372 crore preferential share issuance to marquee investors including Ashish Kacholia and WhiteOak Capital-linked entities, triggering a 9% stock price jump. The company plans to deploy most proceeds toward debt repayment.

India's AI Enablers Rally 60% Despite Nifty Decline, Goldman Says

Goldman Sachs identified a basket of 42 Indian AI-enabler stocks that surged 60% year-to-date, even as the broader Nifty index declined 12%, according to recent analysis. The outperformance was driven by power, data centre, and semiconductor companies benefiting from rising corporate investment in AI infrastructure and accelerating earnings growth.

Investors Warned Against Extrapolating Recent Market Trends

According to reports, Francois Rochon cautioned investors against assuming that recent market conditions represent a new permanent norm, emphasizing the risks of extrapolating short-term trends without considering broader market cycles. His observation underscores the importance of analyzing valuations, fundamentals, and changing economic conditions rather than relying on recent performance as a predictor of future outcomes.

India's wealth market projected to reach $436 billion by 2034

India's wealth-management market is expected to grow 2.5 times to $436 billion by 2034, according to Emkay Wealth Management, driven by rising incomes and increased capital-market participation. The forecast indicates growing investor focus on small- and micro-cap stocks, global diversification, and customized investment solutions.

Bitcoin Holds $76K Level Despite Fed Rate Hike and ETF Outflows

Bitcoin traded near $76,000 following a 25 basis point rate increase by the Federal Reserve, while Bitcoin and Ethereum ETFs experienced combined outflows of approximately $592 million. Despite the monetary policy headwinds and capital withdrawal from crypto investment vehicles, prices maintained resilience, though analysts noted fragile technical conditions.

Hong Kong Dollar Weakens to One-Month Low Amid Carry Trade Pressure

The Hong Kong dollar declined toward the lower end of its trading band as the interest-rate differential with the US widened, making carry trades more attractive to investors. The Hong Kong Monetary Authority raised its base rate by 25 basis points to 4.25%, though analysts indicated no immediate currency intervention is expected.