Market News

Bank of Korea Raises Rates to 3% on Strong Growth, Inflation

South Korea's central bank lifted its benchmark interest rate by 25 basis points to 3% at its second consecutive meeting, responding to stronger-than-expected economic growth and persistent inflationary pressures from elevated energy costs. The decision reflects the Bank of Korea's upgraded growth forecasts and confidence in semiconductor exports and AI-driven chip demand supporting the broader economy.

Tata Power, Jio Financial Services Lead India Stock Focus

Indian stock markets closed lower on Wednesday with the Nifty50 experiencing minimal fluctuations, while several major companies including Tata Power, Jio Financial Services, Bharat Electronics, and Hindustan Copper dominated trading attention. Despite some bearish technical signals, the overall market outlook remained optimistic according to reports.

Salesforce Raises FY2027 Revenue Forecast Amid AI Product Strength

Salesforce increased its fiscal 2027 revenue guidance to $46.1 billion to $46.4 billion and raised adjusted earnings per share forecasts, citing stronger demand for its AI-powered autonomous agents. The stock rose 7% in extended trading, reflecting investor optimism about accelerating AI adoption and growth momentum.

BSE, NSE fine NTPC, REC, SJVN over Rs 59 lakh for compliance lapses

India's stock exchanges BSE and NSE have imposed combined penalties exceeding Rs 59 lakh on three state-owned power companies—NTPC, REC, and SJVN—for violations related to board composition listing regulations. The companies are contesting the fines, citing that director appointments fall under presidential authority, and have petitioned for penalty waivers.

US Stocks Subdued as Nvidia Results and Inflation Data Take Center Stage

US equity markets showed muted trading activity as investors focused on Nvidia's latest earnings results and inflation indicators that could shape Federal Reserve policy decisions. The divergent pressures from corporate earnings and macroeconomic data kept major indices including the Dow Jones, Nasdaq, and S&P 500 in a holding pattern.

Axis Bank to raise $700M via ECB swap facility with dual tranches

Axis Bank is set to secure $700 million through an external commercial borrowing facility featuring three and five-year tranches, led by CTBC Bank and United Overseas Bank with World Bank's IFC involvement. The arrangement underscores continued capital-raising activity among Indian lenders amid ongoing syndication efforts.

Nifty recovers 0.5% as FII buying, global cues support market

India's Nifty index recovered 0.5 percent to close at 24,334 on the back of positive global signals and foreign institutional investor buying ahead of expiry. Supporting factors included a 3.2 percent decline in Brent crude oil prices, a 24 paise strengthening of the Indian rupee, and a 3.9 percent drop in India VIX to 11.08 levels.

RBI Net Absorbed $561M in June as Capital Inflows Accelerate

India's Reserve Bank purchased $561 million from foreign exchange markets in June, marking a shift from dollar sales in prior months as capital inflows into the country strengthened. The central bank recorded nearly $73 billion in inflows from early June through August, while maintaining gold reserves at 880.52 metric tonnes.

Ribbit Capital to Offload 1.6% Stake in Groww for Rs 1,914 Crore

Ribbit Capital is reportedly planning to sell approximately 1.6% of its stake in fintech platform Groww through a block deal valued at Rs 1,914 crore, at Rs 195 per share. The anticipated secondary market sale comes as Groww reported strong Q1FY27 financial results marked by robust profit and revenue growth.

India extends renewable energy project deadlines by up to four months

Indian renewable energy projects may receive deadline extensions of up to four months to address disruptions stemming from West Asia situation, according to announcements. The relief applies to eligible projects with delays occurring on or after February 28, 2026, and allows agencies to grant extensions without imposing penalties.

Indian Markets Subdued Amid Mixed Signals; FPIs Sell Shares

Indian equities closed mixed on Monday with the Nifty declining slightly, as global cues and geopolitical tensions weighed on sentiment. Foreign portfolio investors turned net sellers while domestic institutional investors provided support, with the rupee settling lower against the US dollar.

SEBI Launches IT Resilience Index for Market Infrastructure

India's Securities and Exchange Board (SEBI) has introduced an IT Resilience Index designed to strengthen cybersecurity and operational continuity at market infrastructure institutions. The 100-point framework will evaluate nine parameters twice yearly, with implementation of real-time monitoring and early-warning systems required by February 2027.

Indian lenders' dollar debt sales exceed $10B following RBI window

Indian banks have raised over $10 billion in dollar-denominated debt since the Reserve Bank of India opened a special liquidity window, with ICICI Bank leading the pack through multiple bond issuances. The funding drive aims to support increased lending and investment activities among domestic lenders.

India's primary market maintains momentum with Rs 3,500cr IPO pipeline

India's primary market is set to see six mainboard initial public offerings and four SME-listed IPOs this week, with total fundraising expected to exceed Rs 3,500 crore. Symbiotec Pharmalab's IPO is positioned as the largest offering among the launches, underscoring continued investor appetite for equity market debuts.

Indian Stocks Mixed as Reliance, BoB Report Developments

Indian equity markets closed largely unchanged on Friday, August 21, following a volatile trading session, while several major companies announced significant corporate developments and regulatory updates. The movements highlight mixed sentiment across financial services, energy infrastructure, and pharmaceutical sectors amid government policy initiatives.

Jayaswal Neco Industries, Alkyl Amines Among Analyst Stock Picks

Analysts have recommended Jayaswal Neco Industries and Alkyl Amines as trading opportunities, citing bullish technical breakouts and strengthening momentum indicators. Both stocks are trading above key moving averages with price targets of Rs 110 and Rs 2,250 respectively.

Indian Markets Poised for Volatile Week as Multiple Factors Come Into Play

Indian equities closed marginally higher on Friday with gains in financials, metals, and small-caps offsetting weakness in IT stocks amid persistent global uncertainties. Analysts expect elevated volatility on Monday, with crude oil prices, foreign investor flows, rupee movement, and global market trends likely to drive trading direction.

20 IPOs Set for Next Week as Grey Market Premiums Signal Strong Demand

Twenty IPOs are scheduled for listing next week across India's mainboard and SME segments, with grey market premiums suggesting potential listing gains of up to 107%. Symbiotec Pharmalab, Tempsens Instruments, Lumino Industries, and Kwick Forensic Solutions are commanding the highest grey market premiums among the batch.

FPIs invest Rs 23,544 crore in Indian equities in August

Foreign Portfolio Investors turned net buyers in August, investing Rs 23,544 crore in Indian equities after months of significant withdrawals, marking a potential shift in sentiment driven by earnings recovery and rupee stability. The inflow represents a return to positive territory following a severe selloff that saw FPIs withdraw over Rs 1.7 lakh crore cumulatively across April through June.

Pride Hotels targets Rs 1,000 crore IPO by December amid expansion

Pride Hotels is planning an initial public offering of Rs 1,000 crore by December while expanding its portfolio to 40 properties currently, with contracts signed for an additional 32 hotels expected to open over the next 18-24 months. The expansion strategy aims to grow the company's total portfolio to approximately 72 properties, signaling aggressive growth in India's hospitality sector.