Latest Stock Market News

In an exciting development, Nitesh Kumar takes the helm as Co-Chairman of the Merchant s Chamber of Commerce & Industry s infrastructure and real estate council for the upcoming 2025-26 term. This role is a testament to his invaluable contributions to the real estate sector.

ICICI Bank is expected to post up to 8.5% YoY profit growth in Q2, supported by steady loan and deposit momentum. However, margin compression and lower treasury gains may weigh on sequential performance, according to estimates from Nomura, Emkay, Axis Securities, and YES Securities.

Gold surged past the $4,300 mark on COMEX, marking its strongest week in five years and over 50% YTD gains. Analysts attribute the record rally to central bank buying, a weaker dollar, and rate-cut hopes, with prices seen sustaining near $4,500 globally and Rs 1.35 lakh domestically.

Minneapolis Fed President Neel Kashkari sees low risk of inflation spike or labour market shock, supports gradual rate cuts, highlights persistent inflation, cautious economic optimism, and data challenges from the federal shutdown.

Canara HSBC Life shares: Canara HSBC Life Insurance debuted flat on exchanges at Rs 106 per share, following a Rs 2,517 crore offer for sale. The IPO saw strong demand from institutional investors, while retail and HNI participation was limited. The company s reliance on bancassurance and its valuation are key points for investors as trading begins.

Bank of Japan will base October rate decision on economic data; inflation above 2% for three years and global resilience may prompt rate hikes, amid modest IMF growth and trade risks.

A White Marubozu is a bullish candlestick pattern in technical analysis, occurring when the opening price is the lowest of the period and the closing price is the highest.

India s top IT firms are demonstrating remarkable resilience, with major players like Infosys exceeding expectations despite global and domestic headwinds. Experts highlight that while Wipro s results were less impressive, the overall sector is poised for growth.

Shares of Ola Electric rose nearly 5% to Rs 57.80 after the EV maker launched Ola Shakti, its entry into the energy storage business. The portable battery system powers home appliances and small businesses, with four configurations priced between Rs 29,999 and Rs 1,59,999. The company expects BESS demand to surpass automotive battery consumption in the coming years.