Latest Stock Market News

Mastering personal finance involves understanding how to earn from multiple sources, spend wisely using a budgeting rule, save consistently by prioritizing savings before expenses, and invest strategically to grow wealth over time. These four pillars—Earn, Spend, Save, Invest—form the foundation for achieving financial independence.

The stock traded at a P/E multiple of 77.31, while the price-to-book value ratio stood at 8.9.

A total of 299,451 shares changed hands on the counter till 12:01PM (IST).

Honasa Consumer Share Price: Shares of Honasa Consumer, the parent company of Mamaearth, fell 5% to a day’s low of Rs 495 on the NSE following a block deal on Thursday involving a 10.9% equity stake valued at Rs 1,763 crore. The likely sellers include Peak XV Partners Investments VI, Redwood Trust, Sequoia Capital Global Growth Fund III, Fireside Ventures Investment Fund I, Stellaris Venture Partners India, and Sofina Ventures SA.

On September 11, the closing prices of three stocks from the Nifty500 pack rallied over 1% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.

Global Macro Strategist Arnab Das from Invesco discusses the synchronized slowdown of major oil consumers and its impact on demand. He anticipates a 25 basis point rate cut by the Federal Reserve, citing persistent inflation in housing costs. Das also comments on the stability of oil prices amid geopolitical tensions and market dynamics.

​And today we saw the Nvidia CEO at the Goldman Conference, he had some good commentary on the semiconductor space, so that triggered the whole rally. And Nvidia has always been the leader of the pack, so the semiconductors rallied there as well.

The Relative Strength Index of the stock stood at 68.7 on Thursday.

Gold October futures opened flat at Rs 71,890 per 10 grams on Thursday, while silver December futures rose to Rs 84,569/kg. Gold and silver prices showed high volatility due to US inflation data.

NBCC shares rose nearly 5% to Rs 183.70 during Thursday’s intraday trade on the BSE following the announcement of a significant deal with MTNL. The companies signed a MoU on September 11, 2024, to develop a 13.88-acre land parcel on Pankha Road, New Delhi, into a modern residential and commercial space, with the project valued at approximately Rs 1,600 crore.