Market Bizzz

India’s stock market introduces new closing times and auction sessions starting today. Continuous trading for F&O stocks ends at 3:15 p.m. for a new auction process. Other stocks will continue trading until 3:30 p.m. while derivatives trade until 3:40 p.m. This new system aims to improve price discovery and reduce market impact. The closing price will now be determined by an equilibrium price during the auction.

James believes derivatives positioning and options data suggest traders are shifting their bullish expectations higher, with the market attempting to establish a new support base around 24,400-24,500. A decisive move above 24,800, he says, could pave the way for the benchmark index to extend its rally towards the 25,000 mark, provided banking stocks also join the advance.

Silver Storm Parks & Resorts Limited successfully concluded its initial public offering, raising ₹82.43 crore. The company’s Qualified Institutional Buyers category saw strong subscription interest. Retail and Non-Institutional Investors also participated actively in the offering. Silver Storm is expanding its attractions with a new cable car and forest village. Future plans include new snow parks in Lucknow and other destinations.

GHCL reported a thirty-two percent profit increase for the first quarter. Lower expenses helped boost net profit to Rs 191.18 crore from Rs 144.78 crore. Total income fell three point zero six percent while total expenses declined. New projects are nearing commercial operations in the second quarter of FY27. Long-term soda ash industry fundamentals remain positive for GHCL.

The Indian central securities depository’s revenue from operations meanwhile increased more than 13% YoY to Rs 293 crore during the quarter under review, from Rs 259 crore reported in the year-ago period

Maruti Suzuki reported an eleven percent profit decline in the June quarter. Rising input costs, aggravated by West Asia hostilities, impacted profitability significantly. However, net sales climbed thirty-six percent to ₹49,959 crore during the same period. Unit sales also saw a strong twenty-nine percent increase, reaching a record 682,724 cars. The company also approved four compressed bio gas projects with a budget of ₹561 crore.

The inclusion of Indian government bonds in Bloomberg’s Global Aggregate Index has been deferred yet again, as the company requires additional evaluation of both operational and market infrastructure components. This setback could lead to an immediate uptick in sovereign bond yields, surprising investors who were hopeful for increased foreign capital inflow. Meanwhile, Indian bonds remain part of various other emerging market debt indexes.

Sebi has clarified that IDBI Bank can sell unlisted shares privately. These transactions will not be considered public issues by the regulator. This clarification allows for privately negotiated deals with identified buyers. IDBI Bank sought this guidance for its holdings in unlisted companies. The move facilitates secondary transfers of equity shares under specific conditions.

By the end of Day 2, the IPO had received 45% overall subscription against the 9 crore shares on offer. The retail investor quota was also subscribed 45%, with bids placed for 1.64 crore shares reserved for the segment.

The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly declines, as fears of mounting competition from Chinese memory chipmakers triggered heavy selling across semiconductor stocks.