Latest Stock Market News

The Indian market is expected to consolidate on Monday, influenced by global cues. The Nifty future saw slight gains on Friday. Analysts suggest a broader trading range and highlight key support and resistance levels. Several stock recommendations are provided for short-term traders, including Gravita India, Praj Industries, and Colgate Palmolive India.

Manba Finance shares debut on Monday with a grey market premium of Rs 38, reflecting strong growth in two-wheeler loans and significant profit increase in FY24.

Stock markets connect capital-seeking companies with investors, allowing businesses to raise equity while providing individuals and institutions opportunities to grow savings

In the week ending September 27, the Indian benchmark index Sensex experienced a weekly gain of approximately 1.2%. 10 penny stocks saw their prices increase by 15% to 45% over the same period.

On the September expiry day, FIIs covered 34% of their shorts from their index futures portfolio, which at least partly explains the strength of the vertical rise we saw in the closing hour of last Thursday. Now, while this took up their long proportion to 79.9%, a near term extremity this was not a one off event borne out of expiry dynamics. The day after expiry also saw long addition, but more importantly, it also saw short reduction by nearly 6%.

The allure of India’s stock market, driven by digital access and economic optimism, often fuels overconfidence among retail investors, leading them to believe they can consistently outperform the market despite evidence to the contrary.

Liquidity has a powerful impact on businesses, reviving struggling companies like Reliance Power and Vedanta through strategic fundraising, despite earlier debt crises. However, minority shareholders often face dilution during such revivals.

Gold prices have surged due to central bank buying, U.S. rate cuts, and global uncertainties. Continued monetary easing signals further price increases, with potential targets reaching $2,800 per ounce