Latest Stock Market News

Gold October futures at MCX opened higher at Rs 73,645 per 10 gram, while silver December futures surged nearly 1% to Rs 90,008/kg. Internationally, gold prices approached record highs due to a weaker dollar and anticipated aggressive rate cuts by the U.S. Federal Reserve.

CIE Automotive India Ltd. key Products/Revenue Segments include Automotive Accessories, Other Operating Revenue and Sale of services for the year ending 31-Dec-2023.

Within sectoral indices, FMCG was the only loser, down around 0.76%, while Nifty Metal was up over 1%. Buying momentum was also seen in PSU bank stocks.

Domestic markets surged last week, hitting record highs. With the US Fed meeting ahead, analysts recommend five stocks for short-term gains: CEAT, DLF, Oberoi Realty, Amber Enterprises, and Gujarat Alkalies. These stocks show potential breakouts and bullish momentum based on technical analysis.

Promoters held 46.64 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 14.73 per cent and 1.41 per cent, respectively.

Power, defence, and railway stocks have seen significant declines from their 52-week highs due to sector churning. Experts advise caution, highlighting the need for clear signs of recovery before investing. While some stocks show stability, the overall market conditions remain uncertain.

Ahead of its listing, Bajaj Housing Finance shares were trading at a GMP of 120% above the issue price. The Rs 6,560 crore IPO of Bajaj Housing Finance is the largest of the year to date, with subscriptions nearly 67 times the shares on offer. As of Q1 FY25, the company has an AUM of Rs 97,100 crore, making it the largest non-deposit-taking housing finance company backed by Bajaj Finance.

A total of 206,840 shares changed hands on the counter till 10:09AM (IST).

Equity indices Sensex and Nifty ended marginally lower on Friday after a record rally, with profit-taking emerging. Stocks in focus included Bharti Hexacom, Jubilant Pharmova, and Westlife. Analysts recommend monitoring key support and resistance levels for these stocks as they show potential for further gains.