Latest Stock Market News

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

Economic affairs secretary Ajay Seth sought to delink the Fed rate cut from any potential action by the Reserve Bank of India (RBI). The Fed has done what it feels to be the best for the US economy and the RBI will be guided more by the domestic reality, Seth said. Separately, chief economic adviser V Anantha Nageswaran said at an event that much of the Fed action was factored in by investors and its impact on India could be more muted than on other emerging economies, as the domestic market has already been generating a lot of investor interest.

The S&P 500 hit a record high after the Federal Reserve cut interest rates by 50 basis points and hinted at more cuts. Major stocks like Tesla, Apple, and Nvidia saw significant gains. Better-than-expected jobless claims data also boosted market sentiment. The Nasdaq and Dow Jones also reached new highs.

Stocks in news: Domestic markets remained almost unchanged in a volatile session. Reliance Infra plans to raise Rs 3,014 crore, NTPC approves Rs 9,701 crore investment, and SBI extends $50 million support to Maldives. RBI re-appoints V Vaidyanathan as IDFC First Bank CEO. Vodafone Idea faces scrutiny after a significant stock fall.

Oil prices are set to end higher for a second consecutive week due to a significant U.S. interest rate cut and declining global stockpiles. Brent futures gained 4.3% this week, while U.S. crude saw a 4.8% increase. Rising tensions in the Middle East and weak demand from China also influenced prices.

But broader local gauges and tech counters tumble

Indian subsidiaries outperform foreign parents in revenue growth, profit margins, and market cap even as MNCs face a struggle to expand in low-growth developed markets

The US Federal Reserve has cut interest rates for the first time since March 2020, signaling a shift from monetary tightening to easing. This move is expected to impact global markets, including Indian equities, by potentially attracting foreign investments due to a weaker dollar and lower US bond yields.