Latest Stock Market News

Amid the weakness in the indices and the overall market, certain individual stocks are still displaying potential for investor growth.

Damodaran identified healthcare as the most promising sector in India

According to the data, FPIs made a net withdrawal of Rs 27,142 crore from equities between October 1 and 4, with October 2 being a trading holiday

Zomato, the renowned food delivery platform, announced the grant of nearly 12 million stock options valued at Rs 330.17 crore under its ESOPs in an official filing on October 2, 2024. The options aim to enhance employee motivation and long-term wealth creation. The majority (11,997,652) of the options belong to the ESOP 2021 plan, while only 116 are from the older ESOP 2014 plan

Buying was seen in IT stocks, while selling was evident in utilities, telecom, auto, realty, and FMCG stocks

The stock market has been experiencing a notable downturn for the past five days, with the recent week marking the worst performance in over two years. This decline is largely attributed to concerns about rising crude oil prices, driven by tensions in West Asia, and FII shift of funds toward China, perceived as a more cost-effective market.

Despite the market downturn, nine penny stocks gained between 15% and 30% during the same period.

Life Insurance Corporation of India (LIC) has increased its stake in Bank of Maharashtra, the company informed the exchange in a filing.

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Markets experienced significant selloff amid FII outflows, geopolitical tensions, and SEBI rule changes, resulting in a 4.45% drop in the Nifty 50. Technical indicators suggest potential support at 25,000 levels, with a cautious outlook advised for the coming week.