Latest Stock Market News

Anshul Saigal from Saigal Capital suggests that investors should focus on rural discretionary companies, FMCG, and microfinance for potential gains. He believes that despite a tendency to hold cash, certain market segments could deliver significant returns by year-end in this market. Saigal stresses the importance of discerning investments amid broader economic concerns.

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

3 stocks crossed above their 200 DMAs (Daily Moving Averages) on September 11.

The expectation of a modest interest rate cut by the US Federal Reserve has also boosted market sentiment. Investors believe that lower rates will stimulate economic growth, particularly benefiting sectors such as IT and Pharma, which heavily rely on US revenue.

According to Anil Kumar Bhansali and Anuj Gupta, the rupee has dropped by nearly 70 paise (0.84%) over the last three months and 0.70% quarter-to-date. Meanwhile, the Dollar Index (DXY) has weakened against major currencies due to upcoming US elections and expectations of a Federal Reserve rate cut.

Technically, the Nifty index has closed below its 5-day VWAP, suggesting potential selling pressure in the short term for this weekly expiry. The 5-day VWAP is currently at 25,030 levels.

Big bettors are questioning WazirX, the cryptocurrency exchange facing insolvency in Singapore after a major crypto heist. Two large investors, Bitcipher Labs and NextGenDev, are uncertain why they are listed as creditors of Zettai, a Singapore company, when their dealings were with Indian entity Zanmai.

U.S. stock indexes closed higher on Wednesday, driven by gains in the technology sector, despite a disappointing inflation report. Nvidia shares surged on news of potential chip exports to Saudi Arabia. Political developments and the U.S. presidential debate also influenced market sentiment, with Kamala Harris gaining ground over Donald Trump.