Latest Stock Market News

Motilal Oswal Financial Services anticipates a recovery in the IT sector, citing a rebound after a phase of discretionary spending cuts, with HCL Technologies, LTI Mindtree, and Persistent Systems as top picks, and an upgraded ‘Buy’ rating for Coforge. The firm believes the sector is poised for sustained growth over the next 2-4 years.

​So, in a given situation when they are desperate to clear their inventory, it should be seen as an attempt to probably not run into any kind of a negative and that is where probably I would think that market is probably responding and the stock price is down.

Asian stocks fluctuated as investors await U.S. inflation data and a crucial presidential debate between Kamala Harris and Donald Trump. The debate could influence fiscal policies and economic plans. Oil prices remained near three-year lows due to weak demand concerns, while the U.S. dollar stayed defensive.

Kumar Mangalam Birla, chairman of the Aditya Birla Group, has increased his stake in Vodafone Idea by purchasing 1.86 crore shares. His investment vehicle also acquired 30 lakh shares. This move comes as Vodafone Idea seeks to raise Rs 25,000 crore in debt and Rs 24,000 crore in equity funding.

Vegetarian Burmese restaurant chain Burma Burma plans to go public with an IPO by 2027. The company aims to triple its footprint and reach Rs 300 crore in revenues before the IPO. They recently raised $2 million and are looking to expand further in India and potentially internationally.

This issuance comes at a time when banks have been aggressively mobilising capital through debt markets this year as credit growth remains much higher than deposit growth. Banks and financial institutions raise money through infrastructure bonds to finance long-term infrastructure projects. Indian Bank plans to raise funds for refinancing purposes.

The main international oil contract, Brent crude, fell below $70 per barrel on Tuesday for the first time since December 2021 amid concerns about slowing economic growth depressing fuel demand. Brent crude slumped 3.7 percent in afternoon trading to $69.15 per barrel while the main US contract, West Texas Intermediate (WTI), tumbled 4.1 percent to $65.90. lul/zap/rl/gv

Investors are increasingly jittery ahead of the first US presidential debate between Kamala Harris and Donald Trump. Volatility measures are rising, reflecting uncertainty in the tight race. The debate could significantly impact market sentiment amid mixed economic signals and ongoing political risks.

Oracle shares rose more than 10% on Tuesday as a push to embed AI into its cloud service products boosted its first-quarter results and helped it narrow the gap with market leaders.