Latest Stock Market News

Despite a bearish market sentiment, stocks like Agarwal Industrial, Religare Enterprises, KEC International, Titagarh Rail, and 360 One WAM show bullish momentum, backed by strong technical indicators, with recommendations for buying at specific prices and targets.

Despite a 5% drop in Sensex, seven penny stocks gained 20-43%, with Franklin Industries, LGB Forge, and Enbee Trade & Finance showing notable increases.

The US Fed’s interest rate cut and yield curve inversion signal potential recession and market corrections, with historical trends showing negative impacts on the S&P 500. Investors should exercise caution and rebalance portfolios.

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.

The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent.

Unimech Aerospace IPO opens on Friday, aiming to raise Rs 500 crore. The issue includes a fresh equity issue and an offer for sale, with a price band of Rs 745-785 per share.

The Indian market closed lower for the fifth consecutive day, with sectoral declines in utilities and power stocks. Analysts recommend buying General Insurance, Newgen Software, and KPR Mill on dips due to bullish long-term trends.

Nifty fell nearly 5% due to a hawkish US Federal Reserve, and several events are likely to influence markets next week, including GST council decisions, US stock movement, IPOs, FII/DII action, and crude oil prices.

Over the five trading sessions leading up to December 20, the Sensex dropped by approximately 5%, losing 4,092 points to close at 78,042, marking declines across all sessions.

Bengaluru-based Unimech Aerospace will launch its Rs 500 crore IPO on December 23, with a price range of Rs 745-785 per share. The offering includes a fresh equity issue of Rs 250 crore and an OFS of Rs 250 crore by promoter shareholders. Bidding will close on December 26.