Share Market News

Markets set to open higher as global cues strengthen. HDFC Bank, ICICI Bank post strong earnings; Jio Financial sees sharp growth. Cipla, Lupin under FDA lens; Trent eyes bonus issue.

The Indian stock market indices witnessed heightened volatility after market opening on Monday. Most indices were in the red at the opening bell; however, they soon turned green.

Avaada Electro Limited is getting ready to launch one of India's biggest IPOs in the renewable energy sector, with an estimated issue size of ₹9,000–₹10,000 crore. The money raised will mostly be used to increase solar manufacturing capacity and improve operations.

Sonaselection India Limited is intending to issue its IPO, which consists of a fresh issue of 1.43 crore equity shares. The main purpose of the company is to raise funds to settle debts, capital expenditure and general corporate purposes.

Grand Housing Limited is planning to launch its IPO through a 100% offer-for-sale (OFS) of up to 3.55 crore equity shares. The IPO is aimed at enhancing market visibility and providing liquidity to existing shareholders.

SEBI has approved NSE and MCX to invest ₹100 crore each in coal exchanges, paving the way for transparent pricing and digital trading. Read more to understand the impact.

Shares of Indian Energy Exchange fell after the Central Electricity Regulatory Commission proposed market coupling norms. The draft shifts price discovery to a central operator, raising concerns over IEX’s future revenue model.

Poonawalla Fincorp launched a conversational AI platform capable of resolving 80% of customer queries autonomously. The move is part of a 57-initiative AI programme spanning credit, risk, compliance and operations, with 41 tools already live.

RBI opened premature redemption for SGB 2020-21 Series-VII on 20 April, with a price of ₹15,254 per unit — delivering returns of up to 205% over the original issue price.

Apollo Micro Systems shares rose nearly 25% in a week after securing a lifetime DPIIT licence to manufacture weapon systems. This has strengthened its defence capabilities with support from subsidiary IDL Explosives.

ITC is expanding its portfolio of protein-rich foods by launching new products in snacks, dairy, and other staple categories. The company is looking to take advantage of India's rapidly growing demand for the health foods segment.