Market News

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.

Five BSE 200 Stocks Hit 52-Week Highs as Market Weakens

Five BSE 200 stocks, including Aurobindo Pharma, Lenskart, Coforge, Oracle Financial Services Software, and Bajaj Auto, reached fresh 52-week highs despite broader market weakness, with some stocks gaining as much as 18% over the past month. The outperformance suggests selective strength in specific sectors even as the overall market faces headwinds.

FPIs Push SEBI for Direct Server Link to Indian Bourses

Foreign portfolio investors have proposed direct server connections to Indian stock exchanges, bypassing broker intermediaries to accelerate order execution. The proposal, presented to SEBI and finance ministry officials, aims to reduce latency in trade routing for large offshore funds and custodians.

India's IPO Rush Continues With 7 Issues Set to Raise Over Rs 1,400 Crore

Seven new initial public offerings are scheduled to hit India's primary market this week, comprising three mainboard IPOs and four SME IPOs, collectively aiming to raise more than Rs 1,400 crore. The activity reflects sustained investor interest in new listings as several companies from the previous week finalize their offerings while five recently listed firms prepare for market debuts.

Indian Equities Set for Range-Bound Trading as IT Stocks Fuel Rebound

Indian stock markets rebounded on Friday with strong IT sector performance lifting both Sensex and Nifty after two consecutive losing sessions, though analysts expect range-bound trading on Monday amid mixed global signals and geopolitical tensions. The Nifty index faces technical resistance near 24,200 with support established around 23,900.

Former BJP MP Seeks SEBI Probe Into Sensex Volatility During Closing Auction

Former BJP MP Kirit Somaiya has called for a SEBI investigation into sharp Sensex swings during the Closing Auction Session on August 27, when the index dropped over 2,000 points in minutes before recovering. He has questioned whether the newly introduced CAS mechanism, launched on August 3, contains structural weaknesses affecting liquidity and price discovery.

Nifty poised for accumulation; Ather, Nazara eyed as top picks

Nifty's September series has opened with cautious optimism, with technical support identified at 24,000–24,100 and resistance at 24,200–24,500, according to market analysis. Ather Energy and Nazara Technologies are highlighted as top stock bets following recent bullish breakouts and strong momentum.

Gold braces for volatility as US jobs data, geopolitical tensions dominate

Gold markets are preparing for increased volatility in September amid declining prices, with traders focusing on US employment reports and geopolitical developments. Key inflation metrics and non-farm payroll data are expected to significantly influence investment strategies and commodity market direction.

10 Large-Cap Stocks Showing Up to 40% Upside Potential

According to consensus estimates from Trendlyne, several large-cap stocks listed on the BSE are projected to deliver significant gains over the next 12 months. The analysis identifies companies with upside potential reaching up to 40%, presenting potential opportunities for equity investors.

Five Stocks Break Above 200-Day Moving Average in Indian Market

Five stocks in the Indian market have recently crossed above their 200-day simple moving averages, a technical indicator suggesting entry into an overall uptrend. According to technical analysis principles, positions above the 200-day SMA on daily charts are generally considered to signal bullish momentum and renewed buying interest.

IndiaFirst Life to Raise Up to ₹250 Crore via Subordinated Debt

IndiaFirst Life Insurance plans to raise between ₹150-250 crore through subordinated debt issuance, while BNP Paribas Cardif acquires Warburg Pincus' stake in the company. The insurer has deferred its public offering plans and is focusing on expanding its agency channel and securing new bancassurance partnerships.

Oil Slides to Weekly Loss Despite Iran Tensions Escalating

Oil prices declined this week, ending a two-week rally in crude futures amid geopolitical tensions between the United States, Iran, Russia, and NATO countries. The lack of active U.S.-Iran negotiations and escalating diplomatic warnings are creating uncertainty in global energy markets despite historical patterns where such tensions typically support crude prices.