Latest Stock Market News

Citi maintained a neutral call on Titan citing studded mix concerns, Macquarie an outperform due to strong jewellery sales. Jefferies has a buy on Bandhan Bank despite QoQ collection dip, while Morgan Stanley remains underweight on RBL Bank amid moderate loan growth.

And in difficult phase of bull run, obviously, given the risk profiling, I think largecap will play an important role, that does not mean we turn negative on small and mid.

Bank of Maharashtra shares are expected to attract attention on Monday after the Life Insurance Corporation of India (LIC) increased its stake in the bank from 4.05% to 7.10%. LIC announced this increase in its shareholding following a Qualified Institutional Placement (QIP).

On October 4, the closing prices of five stocks from Nifty500 dropped by more than 1.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

Gold and silver December futures traded lower amid high price volatility due to Middle East tensions and dollar index strength. Last week, gold gained by Rs 300 per 10 gram, while silver rose by Rs 2,360 per kg. Manoj Kumar Jain of Prithvifinmart suggests buying on dips.

Several multibagger stocks that saw great returns in FY24 have dropped over 25% in the first half of FY25. Indian equities face challenges from geopolitical uncertainties and rising oil prices. Analysts suggest a cautious approach, focusing on quality stocks that can endure macroeconomic pressures. The market outlook remains mixed.

Shares of Senco Gold surged 6.4% to Rs 1,494.55 after the company announced a Rs 500 crore qualified institutional placement (QIP) and a 1:2 stock split. This means shareholders will receive 2 shares with a face value of Rs 5 for every 1 share of Rs 10. The announcement was made after market hours.

The rupee edged up by 2 paise to 83.97 against the US dollar due to a weaker greenback and lower crude oil prices. Forex reserves hit a record of USD 704.88 billion, while domestic equity indices Sensex and Nifty also posted gains, despite FIIs outflows and Middle East tensions limiting larger advances.

The Nifty Realty index was trading 0.25 per cent down at 1029.2.

A total of 7,078 shares changed hands on the counter till time (IST).