Latest Stock Market News

Recent analysis by ETMarkets reveals that five BSE smallcap stocks experienced consistent growth in price, trading volume, and delivery volume over the past three sessions. This surge suggests heightened investor interest in these specific smallcap companies.

The Sensex gained around 2% over the five trading sessions ending September 20th, closing at 84,544. During this rally, nine Nifty500 stocks consistently rose in price.

Hamster Kombat seamlessly blends web3, gaming and cryptocurrency, inviting players to build their virtual empires while unlocking real-world rewards through active participation and the upcoming $HMSTR airdrop.

SpiceJet has received shareholder approval to raise up to Rs 3,000 crore through a special resolution. The airline intends to use the funds to improve its financial situation and return to full operational capacity.

Private insurers in India saw a significant increase in their weighted received premium (WRP) during August 2024, growing 15% year-on-year. This was notably higher than the overall industry growth of 10%. Combined with ongoing investments in distribution and new product development, this indicates a positive outlook for the private insurance sector in India.

High valuations in midcap stocks are causing worries about a potential market downturn. Past data shows that when the Nifty Midcap 100 falls significantly after a strong rally, the Nifty 50 tends to do better than both midcap and smallcap indices.

Asian markets rose Friday to build on the latest global rally after a jumbo US interest rate cut this week, while the yen reversed earlier gains after the Bank of Japan decided against another hike. The yen strengthened to 141.74 per dollar after the BoJ announcement, but later reversed to hit 143.77 in afternoon Asian trade.

Gold prices surged past $2,600 for the first time, driven by expectations of further U.S. interest rate cuts and rising Middle East tensions. Spot gold rose 1.3% to $2,620.63 per ounce, while U.S. gold futures increased by 1.2%. Analysts predict potential corrections but note geopolitical risks could sustain demand.

Oil prices settled lower on Friday but achieved a second consecutive week of gains, supported by a U.S. interest rate cut and reduced supply. Brent futures closed at $74.49 per barrel, while U.S. WTI crude settled at $71.92. Economic concerns in China and Middle East tensions also influenced the market.

The dollar strengthened against the yen after the Bank of Japan left interest rates unchanged, while the U.S. dollar index saw a slight gain. The euro also rose against the yen but weakened against the dollar. Market reactions reflect cautious optimism about global economic growth.