Latest Stock Market News

The Indian market is expected to rebound on Tuesday, following positive global cues. Nifty futures closed down 0.67% at 25,005 on Monday. Options data shows maximum Call OI at 27,000 and 26,000, and maximum Put OI at 24,000 and 24,500. Analysts suggest a broader trading range between 24,400 and 25,400, with immediate resistance at 24,950.

Global purchasing managers have been seeking to de-risk procurement from China for many years. They have been working on this, but post-COVID and due to recent geopolitical challenges, this trend has accelerated.

Oil prices slightly dropped in early Asian trading on Tuesday as traders took profits after a strong rally due to escalating conflict in the Middle East. Brent and U.S. West Texas Intermediate futures both saw declines, despite significant gains from heightened geopolitical tensions and potential supply disruptions.

Chinese stock markets saw significant gains, with the CSI300 hitting two-year highs and the Shanghai Composite rising to its best levels since December 2021. Investors are optimistic about aggressive stimulus measures, though some urge caution given the current substantial market gains.

Benchmark indices Sensex and Nifty dropped for a sixth straight session, impacted by mixed global trends. Key stocks included Macrotech Developers gaining 1.3%, while Naukri and Titan fell by 2.4% and 2.6% respectively. Analyst Ameya Ranadive provides recommendations for these stocks amid market volatility.

Nykaa witnesses strong performance in Q2 with consolidated net revenue growth in mid-twenties. Beauty vertical, omnichannel retail, and eB2B distribution show robust growth. Fashion vertical sees NSV growth in early teens. Nykaa expands Dot & Key ownership to 90%. Festive season expected to boost demand.