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Stock Market LIVE: GIFT Nifty signals flat open; Asia market dips; Trump tariffs reinstated

8:09 AM Stock Market LIVE Updates: Reserve Bank of India lens on payment fintechs over misclassified merchants Stock Market LIVE Updates: The Reserve Bank of India is investigating payment fintech companies for allegedly misclassifying merchants to take advantage of credit card fee structures, according to sources familiar with the matter. The probe has reportedly led major card networks to adjust their interchange rates. Several payment aggregators are accused of classifying merchants, usually in the retail sector, as utility merchants—a category that typically attracts lower interchange fees. The reclassification allegedly enabled payment firms to retain the difference between the fees charged to merchants and the amounts received by issuing bank s. READ MORE 8:05 AM Stock Market LIVE Updates: Bandhan Bank stock startegy -- Long build up is seen in Bandhan Bank Futures, where we have seen 17 per cent rise in open interest with Bandhan Bank share price rising 1 per cent on Thursday, May 29. -- Bandhan Bank stock price has been forming bullish 'higher top-higher bottom' formation on the daily chart. -- RSI oscillator is in rising mode and placed above 60 on the daily chart, indicating strength in the current uptrend. READ MORE 7:58 AM Stock Market LIVE Updates: Currency circulation rises 5.8% as ₹2,000 note impact fades: RBI Stock Market LIVE Updates: The growth of currency in circulation, which constitutes the largest component of reserve money at 76.9 per cent, rebounded to 5.8 per cent in 2024-25, up from 4.1 per cent the previous year. This recovery is attributed to the easing impact of the ₹2,000 note withdrawal, according to the Reserve Bank of India's (RBI) Annual Report 2024-25. The withdrawal of ₹2,000 banknotes from circulation began on May 19, 2023. By March 31, approximately 98.2 per cent of these notes—totaling ₹3.56 trillion—had been returned to the banking system. The RBI has made facilities available for exchanging and depositing ₹2,000 notes at 19 of its issue offices across the country. READ MORE 7:53 AM Stock Market LIVE Updates: India's defence budget may near Rs 32 trillion by 2047: CII-KPMG report Stock Market LIVE Updates: India's defence budget is projected to increase nearly fivefold, reaching Rs 31.7 trillion by 2047 from Rs 6.81 trillion in FY2025-26, according to the Defence Industrial Sector Vision 2047 report by the Confederation of Indian Industry (CII) and KPMG India. Defence production is expected to grow over sixfold to Rs 8.8 trillion from Rs 1.46 trillion in FY2024-25. Unveiled on Thursday at the CII Annual Business Summit in New Delhi, the report—titled 'Atmanirbhar, Agrani, and Atulya Bharat 2047'—also forecasts India's defence exports to surge nearly twelvefold to Rs 2.8 trillion by 2047, up from Rs 24,000 crore in FY2024-25. Additionally, total research and development (R&D) spending is expected to rise from the current 4 per cent of the defence budget to 8-10 per cent, while defence expenditure as a percentage of GDP could double from 2 per cent to 4-5 per cent. The report calls these targets major milestones and highlights three key conditions that must be met in the coming years to realise these goals. READ MORE 7:46 AM Stock Market LIVE Updates: Nifty trading strategy: Apply Bull Call Spread as index remains in uptrend Stock Market LIVE Updates: Nifty trading stratgey -- The Nifty index has structurally resumed its upward trajectory after forming a likely swing low at 24,462 on May 22. -- The trend remains positive as long as the swing low at 24,462 is intact. Short-term dips should be viewed as buying opportunities within this broader uptrend. -- Healthy market breadth suggests a potential resurgence in broader market momentum, with an upside target of 25,500 in the near term. READ MORE 7:42 AM Stock Market LIVE Updates: Improved execution likely to drive growth gains for Bharat Dynamics Stock Market LIVE Updates: Defence major Bharat Dynamics Limited (BDL), a public sector undertaking, posted a mixed performance in the fourth quarter of FY2024-25. Although its revenues doubled compared to the same period last year, profitability fell short of expectations. The company's strong order inflows and robust backlog provide good revenue visibility. However, brokerages stress that the key factor will be the pace of order execution, as BDL manufactures guided missiles and related equipment for the Indian armed forces. READ MORE 7:36 AM Stock Market LIVE Updates: Realisation worries, capital expenditure likely to hit NMDC stock Stock Market LIVE Updates: NMDC reported Q4FY25 revenue of ₹7,000 crore, marking an 8 per cent year-on-year (Y-o-Y) increase and a 7 per cent rise quarter-on-quarter (Q-o-Q), supported by strong volumes and improved net sales realisation (NSR). Iron ore production remained steady at 13.3 million tonnes (mt), showing no major change Y-o-Y or Q-o-Q. Sales volume reached 12.7 mt, up 1 per cent Y-o-Y and 6 per cent Q-o-Q during the quarter. The average sales price stood at ₹5,530 per tonne, reflecting a 7 per cent Y-o-Y increase and remaining flat compared to the previous quarter. READ MORE 7:30 AM Stock Market LIVE Updates: Sebi unveils new OI metric, position limits in fresh F&O overhaul Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) on Thursday announced a new framework for the derivatives segment, introducing updated methods to calculate open interest (OI) and market-wide position limits (MWPL). These changes are designed to boost risk monitoring, reduce the number of stocks entering the futures and options (F&O) ban period, and strengthen controls against manipulation risks and concentration in index options. Initially proposed in a Sebi consultation paper, the measures raised concerns about potentially dampening trading activity, with F&O volumes already down 30 per cent from their peak. However, following extensive discussions with industry stakeholders, Sebi made several key revisions to the original proposals. 7:26 AM Stock Market LIVE Updates: Tokyo's core inflation jumps o 3.6% in May Stock Market LIVE Updates: Tokyo's core inflation accelerated to 3.6 per cent in May, marking the fastest increase in over two years. The core consumer price index (CPI), which excludes fresh food, rose 3.6 per cent year-on-year (Y-o-Y), up from 3.4 per cent in April, the Statistics Bureau of Japan reported on Friday. This latest figure is the highest since January 2023 and exceeded economists' forecasts of 3.5 per cent, according to a Reuters poll. It represents the quickest annual rise since January 2023, when core inflation reached 4.3 per cent, based on LSEG data. The increase was partly influenced by the base effect from last year's sharp decline, which followed the introduction of school education subsidies and the phase-out of nationwide utility bill subsidies. Meanwhile, Tokyo's headline consumer price index in May stood at 3.4 per cent year-on-year, slightly down from 3.5 per cent in April. Source: CNBC 7:24 AM Stock Market LIVE Updates: Sebi probing delayed disclosures of accounting lapses at IndusInd Banka Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) may issue a follow-up order against IndusInd Bank for potential breaches of the Listing Obligations and Disclosure Requirements (LODR) regulations, according to indications in the regulator's 32-page interim order. Sebi's review of internal email communications—summarised in its May 28 order—revealed that senior executives, including the chief financial officer (CFO), were aware of accounting discrepancies as early as November 2023. However, the bank delayed disclosure, classifying information related to derivatives losses as 'unpublished price-sensitive information' (UPSI) only on March 4. It wasn't until March 10 that IndusInd Bank notified stock exchanges, leading to a 27 per cent plunge in its share price. READ MORE 7:22 AM Stock Market LIVE Updates: Trump tariffs reinstated by appeals court for now Stock Market LIVE Updates: A federal appeals court on Thursday granted the Trump administration's request to temporarily halt a lower court ruling that invalidated most of President Donald Trump's tariffs. The US Court of Appeals for the Federal Circuit issued an order stating that the decision by the US Court of International Trade, delivered Wednesday night, is "temporarily stayed until further notice" while it reviews the case. The move provides the Trump administration with some breathing room as it prepares to argue for a longer suspension of the trade court's ruling throughout the appeals process. The administration had warned it would seek "emergency relief" from the Supreme Court as early as Friday if the ruling wasn't paused swiftly. Despite the legal setback, Trump officials insist they still have alternative pathways to impose tariffs, even if the current case doesn't go in their favour. 7:21 AM Stock Market LIVE Updates: India's GDP growth likely accelerated in Q4 on rural demand, state spending Stock Market LIVE Updates: India's economic growth likely accelerated in the January–March quarter, driven by a rebound in rural demand and increased government spending, even as private sector investments remained subdued due to global uncertainties. According to a Reuters poll of economists, gross domestic product (GDP) is estimated to have expanded by 6.7 per cent year-on-year during the March quarter, up from 6.2 per cent in the preceding three months. 'Rural consumption saw an uptick during the quarter, although urban demand indicators were mixed,' said Gaura Sen Gupta, chief economist at IDFC First Bank Economic Research. She added that government expenditure continued to support investment activity. READ MORE 7:11 AM Stock Market LIVE Updates: US markets end higher on Thursday