Latest Stock Market News

Leading brokerage firms have shared their latest stock recommendations, highlighting investment opportunities across key sectors in the next 12 months.

Jonathan Schiessl of Westminster Asset Management discusses sector prospects. He sees potential in IT, selective healthcare, and FMCG for medium to long-term investments. He advises caution on the auto and metal sectors due to competition and global issues. Schiessl emphasizes remaining updated on news affecting tariff-sensitive sectors and suggests patience with capital goods.

IndusInd Bank faces a Rs 30.15 crore penalty for GST-related issues and is considering an appeal. Recently, the bank reported accounting discrepancies and has appointed Grant Thornton for a forensic review. IndusInd Bank s Q3 earnings declined significantly, with a 39% drop in net profit. The shares fell 2.42%, reflecting ongoing financial turmoil.

RVNL has emerged as the lowest bidder for a Rs 115.79 crore contract from Central Railway’s Nagpur division for OHE modification work. The project aims to upgrade the existing electric traction system and will be executed over 24 months. Additionally, RVNL previously secured a contract worth Rs 156.36 crore from South Western Railway.

Garden Reach Shipbuilders & Engineers (GRSE) signed a contract with Carsten Rehder of Germany for the construction and delivery of the 7th and 8th Multi-purpose vessels (MPVs), worth approximately 108 million USD. Each vessel, designed to transport cargo including large windmill blades, will have a capacity of 7,500 metric tonnes.

Ajay Bagga, Market Expert, predicts a shift in global equity flows from the US to Europe, Japan, China, and India. He highlights improved earnings and recovery in India with government spending picking up. He suggests focusing on financials and industrials while cautioning about the impact of US policies on IT and recommends large private sector banks.

SBI Life Insurance shares: The company stated that the demand resulted from an incorrect increase in policyholder and shareholder income, caused by the inclusion of allowable expenses and exemptions.

ICICI Securities recommends adding Kalyan Jewellers with a target price of Rs 520. The company s revenue increased by 39.57% year-on-year in Q3 FY24, achieving a net profit of Rs 218.68 crore. Potential risks involve showroom expansion delays and higher competition in South India. Promoters currently hold 62.85% of the shares.

The S&P 500 hit a two-week high boosted by gains in Nvidia and Tesla as hopes grew for a more measured U.S. tariff approach. Technology shares rallied, with Tesla soaring nearly 12% and Nvidia up over 3%. Investors remained cautious about the impact of tariffs on economic growth. Trading volumes were light, with significant gains in consumer discretionary sectors.