Latest Stock Market News

Invesco, JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings are among those viewing the recent rebound with skepticism and waiting for China to back up its stimulus pledges with real money.

Shares of Bajaj Housing Finance fell 5% in intraday trade due to HSBC’s ‘reduce’ rating and Rs 110 target price, citing earnings slowdown and valuation concerns. HSBC noted potential pressure on RoA and slower AUM growth for the stock. They suggest alternatives among other NBFC peers with higher ROE and stable growth outlook.

Gold prices in India are at their highest ever, driven by geopolitical tensions and increased demand during the festive and wedding season. The market predicts a possible correction, suggesting investors wait for more favorable prices. Currently, high prices and a strong international market make buying less attractive.

ICICI Securities has buy call on Signature Global with a target price of Rs 1,905. The current market price of Signature Global is Rs 1,524.55.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment.

Sandip Sabharwal notes a foreign investor-led selloff and identifies potential buy zones in largecap stocks like L&T, Reliance, and ICICI Bank. He highlights mixed business updates in the banking sector and a slower-than-expected recovery in consumer names. He also addresses financial stresses, inflation pressures, and the need for fiscal and monetary interventions to support the economy.

A total of 1,755 shares changed hands on the counter till time (IST).

Godrej Properties shares are expected to gain attention on Monday after the company reported robust Q2 FY25 bookings worth Rs 5,200 crore, driven by the sale of 5.1 million square feet of residential properties. New project launches in the NCR and the Mumbai Metropolitan Region fueled the demand.