Latest Stock Market News

Yields on the 10-year benchmark government security dropped to its lowest levels in almost three years to 6.64% early on Monday due to increasing odds of a rate cut ahead of the monetary policy meeting on February 7. On a closing basis, yields on the 10-year benchmark government security eased four basis points to 6.68%, from its previous close of 6.72%

Mumbai-based wealth management company 360 One Wealth and Asset Management (WAM) on Monday announced the acquisition of Batlivala & Karani Securities and Batlivala & Karani Finserv for Rs 1,884 crore, including Rs 200 crore in cash and cash equivalents.

Adani Cement-owned ACC’s profit doubled on year in the December quarter, aided by robust volume growth, a moderation in fuel costs and a refund related to government grants.

Regulator Sebi on Monday barred eight entities from the securities market and impounded illegal gains of Rs 4.82 crore made from their alleged front-running activities.

The Reserve Bank of India (RBI) announced measures to inject Rs 1.5 lakh crore into the banking system, including bond purchases and auctions. These steps are seen as increasing the likelihood of a rate cut in February, improving liquidity conditions, and easing 10-year government bond yields.

Bajaj Housing Finance, a non-deposit taking housing finance company, reported a 25% year-on-year rise in the third quarter net profit at Rs 548 crore as compared with Rs 437 crore in the year-ago period.

Indian Oil Corporation reported a 64% year-on-year drop in quarterly profit on lower refining margins, higher inventory and forex losses, and mounting losses on the sale of cooking gas. The company’s shares fell on Monday after the earnings were released, closing 3% lower.

India’s stock market faces a tug-of-war between bulls and bears, with foreign outflows countered by domestic buying. Key triggers include Q3 earnings, global cues, and the upcoming Union Budget. Stock-specific strategies are crucial in navigating volatility.

Selling pressure was observed in metal, technology, oil & gas, utilities, and power stocks.