Latest Stock Market News

The Fed is gaining confidence that inflation is moving toward its 2% target and will carefully evaluate economic data to inform its future decisions. Projections indicate a cumulative 100 basis points cut in 2025 and 50 basis points in 2026.

On Thursday, Nifty opened flat but gained momentum in the second half, reaching a record high of 26,249.10. Analysts state that the short-term trend remains bullish as long as Nifty stays above the key support level of 24,753.

Several brokerages have upgraded the target prices of various stocks over the past month.

The IPO season in 2024 has broken an 11-year record with fresh issues surpassing offers for sale. This trend indicates companies are raising funds for growth and expansion rather than deleveraging. Major IPOs include Ola Electric Mobility, Bajaj Housing Finance, and Firstcry. The pipeline remains strong with upcoming IPOs from Hyundai Motor India and Swiggy.

In the last one week, gold prices have surged by Rs 1,900 per 10 gram while silver rose Rs 2,350/kg in the same time.

Apollo Tyres Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 35009.94 Crore) operating in Tyres sector.

The benchmark Sensex surged 666 points to a new record high on Thursday, driven by buying in auto and banking stocks, buoyed by gains in global markets. Notable performers included Paytm, PB Fintech, and EaseMyTrip.

Macquarie has maintained an outperform rating on HDFC Bank, setting a target price of Rs 1,900. While reported profits are expected to be weak year-over-year, NII is projected to grow by 14%, with NIMs expanding to 3.52%. Deposit growth is estimated to increase by approximately Rs 800 billion quarter-over-quarter.