Latest Stock Market News

South Korea benchmark bond yield rises, Round-up of South Korean financial markets.

I can look at PSUs, but I think that the play at the moment is largecap private banks, NBFCs and commodity stocks and once you get those moving, then you will get the PSU stocks within those sectors also doing well. But I think that the first call would be the kind of non-PSU stocks, the largecap stocks, which I think will power this market.

Benchmark Sensex closed above the historic 84,000-mark for the first time, while Nifty also reached a new record high. ICICI Bank, JSW Steel, and Reliance Infra were among the top gainers. Analysts provide insights on future trends and support levels for these stocks as the market resumes trading.

The 200-day DMA is a key indicator used by traders to determine the overall trend of a particular stock.

A key factor in this impressive resilience has been the structural shift in domestic inflows, which has brought much-needed depth and helped mitigate the impact of foreign institutional investor (FII) selling.

Another aspect we will be closely watching would be how Nifty futures would play in the next week as they had gone into discount, unable to keep up with sustained buying in some Nifty heavyweights. Ideally, this is a sign of large demand on the spot, willing us to consider the possibilities of 26,600 on Nifty. That said, how the discount will play out on Monday will guide us if we need to play upside with urgency or ignore Friday’s turn of events as part of index rebalancing.

Asian stocks remained steady on Monday as investors awaited central bank meetings expected to result in two more rate cuts and key U.S. inflation data. Thin trading was observed due to a holiday in Japan. The S&P 500 futures and Nasdaq futures showed slight gains, reflecting optimism about further easing measures.

Stocks in news: Domestic markets rose by nearly one and a half percent on Friday, driven by global trends. Key stocks in focus include SpiceJet, Mankind Pharma, Vodafone Idea, Aarti Drugs, BHEL, and RIL due to various developments. Notable deals and approvals were made by companies like Allcargo Gati, HFCL, Aster DM Healthcare, and Tata Steel.