Latest Stock Market News

Domestic markets declined nearly 1% amid West Asia tensions and FII outflows, affecting stocks like M&M Financial, Angel One, and Vedanta. Analysts suggest M&M Financial and DMart show bearish patterns, while Vedanta demonstrates a bullish trend with potential for further gains.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

Adani Wilmar reports a 16% YoY revenue growth for Q2FY25, driven by strong performance in edible oils and food business. Expanded its distribution to over 36K rural towns and aims for 50K+ by FY2025. E-commerce revenue grew fourfold in four years.

Seven stocks, including Bandhan Bank and GNFC, are under F&O trade ban due to their high open interest (OI) crossing 95% of the market-wide positions limit. The ban is only lifted when OI falls below 80%. The Sensex and Nifty dropped significantly amid escalating Middle East tensions.

IndusInd Bank reports a 13% year-on-year rise in net advances to Rs 3,56,980 crore for September 2024, and a 15% increase in deposits to Rs 4,12,704 crore. Sequential gains of 3% and 4% respectively are also noted. CASA ratio declines to 35.9%.

Ashi Anand, CEO of IME Capital, emphasizes the promising future of digital platforms and the financial sector in India. Digital forms of transactions, including payments and transportation, have strong potential. He also favors financiers, insurers, and capital market players, highlighting their growth prospects. However, he advises caution in the oil sector due to geopolitical tensions.

Kalyan Jewellers reported a 37% YoY increase in consolidated revenue for Q2 FY2025, driven by a 39% revenue growth in India and 24% in the Middle East. The company opened 26 new showrooms, bringing the total to 303, and saw 30% growth in its digital platform, Candere.

Saj Hotels shares will debut on the NSE SME platform on Monday. The company will use the proceeds for property expansion, working capital, and corporate purposes. Saj Hotels, engaged in hospitality, offers diverse accommodation and event services. The company reported revenues of Rs 14.25 crore and a net profit of Rs 3.45 crore for the year ended March 2024.

The Reserve Bank of India faces a triple challenge: geopolitical uncertainty in the Middle East, inflation driven by fluctuating farm output, and softening economic growth. As the Monetary Policy Committee convenes, the focus is on liquidity and deposit crunches rather than merely interest rates.

The Insurance Regulatory and Development Authority of India (Irdai) is encouraging insurance companies, especially those operating for over a decade, to go public. By engaging with senior executives, Irdai aims to enhance corporate governance and unlock greater value through public listings.