Market News

US stocks end lower as strong jobs data boost Fed rate hike bets

US stock markets closed lower on Friday following a stronger-than-expected jobs report that increased market expectations for a Federal Reserve rate hike this month. The move reflects the classic inverse relationship between positive economic data and equity valuations when such strength signals more aggressive monetary policy ahead.

Fosun Pharma divests 6% stake in Gland Pharma for Rs 2,800 crore

Fosun Pharma sold a 6% stake in Gland Pharma through a block deal valued at Rs 2,800 crore, with major institutional buyers including Kotak, Axis, and ICICI Prudential Mutual Funds. The transaction reduced Fosun's holding in the pharmaceutical company to 45.77%, while Gland Pharma shares closed higher following the announcement.

Lululemon shares tumble 20% as CEO overhaul risks weigh on outlook

Lululemon's stock plunged approximately 20% following the company's second full-year forecast reduction, reflecting mounting investor concerns over extended turnaround efforts under incoming CEO Heidi O'Neill. The athleisure retailer faces headwinds including weakening sales, margin compression, increased promotional activity, and intensifying competition from rivals such as Alo Yoga and Skims.

South Korean shares gain on chip rally despite third weekly loss

South Korean equities rose 0.85% on Friday, driven by gains in semiconductor giants Samsung Electronics and SK Hynix, though the KOSPI index remained positioned for its third consecutive weekly decline. The mixed performance reflects ongoing tension between sector strength and broader market headwinds from elevated bond yields.

Reliance shares down 17% despite strong refining margins

Reliance Industries' stock has declined 17% despite robust refining and petrochemical margins, as investors shift focus toward long-term growth drivers including Retail recovery and New Energy ventures. The market's concern centers on the company's free cash flow generation capability and valuation tied to future business performance.

Calcutta Stock Exchange shares double on revival prospects

Calcutta Stock Exchange's unlisted shares more than doubled over three months as the bourse pursues a revival strategy, seeking to pause its voluntary exit process and expand into multiple asset classes. The turnaround bid requires regulatory clearance and potential anchor investor backing.

Ten Factors Set to Shape Indian Stock Market Friday

The Indian stock market declined Thursday with Sensex falling 417 points and Nifty dropping 41 points, weighed down by elevated oil prices, rising bond yields, and geopolitical tensions. Market participants will monitor multiple factors Friday as near-term direction remains contingent on global headwinds and crude oil volatility.

Lumino Industries shares surge 40% from IPO price on strong debut

Lumino Industries shares extended their strong market debut, rising 4% after an initial 34% premium to the IPO price, bringing total gains to approximately 40%. Analysts highlight attractive valuations and strong profitability as positives, though new investors are advised to await consolidation while early allottees consider profit booking.

Japan's Nikkei Treads Water as Chips Slide, Yields Fall

Japan's Nikkei index remained range-bound as semiconductor stocks, particularly following Broadcom's decline, offset support from lower bond yields and softer oil prices. Investors are monitoring an upcoming 30-year government bond auction for signals on interest rate direction and technology sector momentum.

Berkshire Hathaway Eyes AI and Power Demand as Growth Drivers

Berkshire Hathaway CEO Greg Abel has identified artificial intelligence and surging power demand as new engines of growth for the conglomerate, with the company positioning itself to capitalize on these trends through its existing holdings and energy infrastructure. The strategic focus reflects how traditional industrial and utility players are adapting to the AI-driven economy while managing near-term consumer headwinds from inflation and elevated mortgage rates.

India Equities Volatile as Global Tensions, Oil Prices Weigh

Indian stock markets experienced sharp volatility on Wednesday, with the Sensex closing 374 points lower and Nifty falling 141 points amid escalating US-Iran tensions and rising crude oil prices. Analysts cautioned that bearish sentiment could persist if the Nifty breaches the 24,000 level.

Swiggy shares tumble 4%, erasing Rs 5,000 crore in value

Swiggy's stock fell sharply on Wednesday, extending a two-session decline to 6% and wiping nearly Rs 5,000 crore from its market capitalization, driven by concerns over potential foreign outflows and index exclusion risks. The company faces scrutiny after appearing on the NSDL red-flag list, which could trigger removal from major indices including MSCI and FTSE.

Kwality Walls shares fall 3% as RIL enters ice cream market

Kwality Walls' stock declined 3% on Wednesday following Reliance Consumer Products' entry into India's ice cream sector with the Bombay Creamery brand, intensifying competitive pressures in the category. The sell-off extended the company's seven-session losing streak to 11% as RCPL announced plans for a pan-India expansion with entry-level pricing starting at Rs 10.

US stocks slide as oil surge, rising yields fuel rate hike fears

US stock markets opened September in negative territory as climbing oil prices and Treasury yields renewed concerns about inflation and potential Federal Reserve rate increases. Market pricing now reflects a 68.2% probability of a Fed hike this month, according to reports.

Fed's Barr signals potential rate hikes if inflation remains elevated

Federal Reserve Governor Michael Barr indicated that the central bank may need to raise interest rates if inflation stays high, with incoming economic data to guide future monetary policy decisions. The warning suggests the Fed remains prepared to act decisively on rates despite recent inflation trends.

US Stock Futures Open September Under Pressure as Yields and Oil Rise

US stock index futures began September trading under selling pressure as Treasury yields and crude oil prices moved higher, according to market reports. The concurrent rise in borrowing costs and energy prices typically weighs on equity valuations and consumer-facing sectors.

HDFC Bank bonds hit record lows following CEO's unexpected departure

HDFC Bank's dollar bonds fell to record lows following the shock exit of CEO Sashidhar Jagdishan, with investors growing concerned about leadership succession and governance at India's largest private sector lender. The bank is now seeking an executive search firm to accelerate the succession process, though analysts indicate fundamental creditworthiness remains sound.

Indian Stocks Close Lower; Bharti Airtel, PVR INOX, Others in Focus

Indian equity markets declined on August 31 amid global economic pressures, with the Nifty50 index falling below key moving averages. Major corporate developments included buyback announcements from Happiest Minds Technologies and PVR INOX, alongside strong profit growth at Milky Mist Dairy and a significant contract win for E2E Networks.

US stocks slip as oil surge stokes inflation fears, but post monthly gains

US equities declined on Monday amid surging oil prices that reignited inflation concerns and raised expectations for further Federal Reserve monetary tightening, according to reports. Despite the session losses, major indexes recorded positive monthly performance for August, with market participants bracing for a potential rate hike decision in September.

India 10-year bond yield hits biggest monthly rise on rate hike bets

Indian government bonds experienced a significant drop on Monday, with the benchmark 10-year yield posting its sharpest monthly increase of fiscal year 2027, driven by rising oil prices and the RBI's aggressive monetary policy stance. The sell-off underscores growing market concerns about inflation prospects and government debt sustainability amid tightening conditions.