Latest Stock Market News

A total of 477,014 shares changed hands on the counter till 02:09PM (IST).

A long buildup happens when open interest and trading volumes rise along with the underlying stock price in the Futures and Options segment, indicating a bullish market trend.

There are a couple of off-highway and truck OEMs that we are working with now, where we think that they can add to our T25 client list in the near to immediate future.

The cryptocurrency market rebounded modestly, with Bitcoin rising to $55,027 and Ethereum to $2,317. Toncoin and Avalanche saw notable gains over 4%. Despite recent bearish trends, upcoming U.S. CPI and PPI data could influence future market direction.

The initial public offering (IPO) of PN Gadgil Jewellers will open for subscription on September 10. The issue closes on September 12. Through the public offer, the company plans to raise nearly Rs 1100 crore.

Shares of Tribhovandas Bhimji Zaveri and PC Jewellers hit new 52-week highs, rising 18% and 5%, respectively, following a CRISIL report predicting a 22-25% revenue boost for retailers due to reduced gold import duties and better working capital management.

Sandeep Bhatia of Macquarie Capital highlights the importance of state elections and US political stability for market triggers. He emphasizes earnings visibility in domestic consumption sectors and discusses trends in the auto industry, particularly luxury cars and SUVs. Bhatia also notes the potential impact of interest rate adjustments on NBFCs and private sector banks.

​So, we are really just seeing where we are with rate policy and you have also got to understand we are at record high territory when it comes to equity markets.

As of 30-Jun-2024, promoters held 51.52 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 9.26 per cent.

It is a foregone conclusion that there is a very high probability of a rate cut, it’s the quantum of the cut that is driving the markets. Also, it is being expressed by some quarters in the US, that the US Fed appears to be behind the curve this time, in rate cuts.