Latest Stock Market News

Long unwinding involves selling long-held positions or stocks, either to realize profits or to exit in anticipation of a potential decline. On Tuesday, five stocks experienced long unwinding.

Non-bank financial institution Northern Arc Capital Ltd is looking to launch its Initial Public Offering (IPO), involving fresh issue of shares worth Rs 500 crore, on September 16.

Realty firm Godrej Properties has raised Rs 64.6 crore through the issue of debentures to investors on private placement. In a regulatory filing on Tuesday

On Tuesday, Indian markets rose for the second consecutive day, with the S&P BSE Sensex up over 360 points and Nifty50 above 25,000. Gains were noted in capital goods, healthcare, IT, power, and telecom, while energy and oil & gas stocks saw declines.

The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia.

The currency would have endured a steeper fall if not for dollar offers from state-run banks, traders said. The rupee had declined to its all-time low of 83.9850 last week.

The surge continues as the company, earlier in the last week, announced receiving a Rs 215 crore order from the Uttar Pradesh Department of Agriculture for the supply of 8,085 solar water pumping systems across various districts in the state and is scheduled for completion by March 2025.

​It has not really proved to be right recently. And one of the reasons has been the kind of the QE that has happened post the Global Financial Crisis where yields have been suppressed by the Fed buying a lot of bonds.

Vibhor Singhal from Nuvama believes Indian IT firms will overcome challenges posed by new technologies like Gen AI. Despite recent macroeconomic uncertainties, he expects strong demand and growth in the sector. He highlights that delayed deal executions and discretionary spending holds have impacted revenue but anticipates recovery as conditions improve.