Latest Stock Market News

The Sensex surged 899 points to close at 76,348 on Thursday. Seven BSE500 stocks hit 52-week highs, signaling strong market momentum and investor confidence. A 52-week high helps traders assess stock performance and growth potential.

Sebi has released a consultation paper to streamline public issue norms, reviewing the minimum holding period for shares in an OFS. The proposal seeks clarity on exemptions for equity shares obtained from fully paid-up compulsorily convertible securities under approved schemes.

Accenture raised the lower end of its annual revenue forecast on Thursday, betting on growing demand for its services to help clients integrate AI-powered tools into their operations.

A CFA Institute study reveals that 33% of financial influencers give stock recommendations, though only 2% are Sebi-registered. With 82% of investors acting on their advice, concerns about credibility, transparency, and regulatory oversight grow as SEBI tightens rules.

The Indian rupee rose for the seventh straight session on Thursday, its longest winning streak since January 2024, as persistent dollar sales by foreign banks and paring of short bets on the currency helped it weather a stronger dollar.

European shares nudged higher on Thursday, supported by real estate and energy stocks, as investors braced for a series of interest rate decisions by major central banks across the continent.

Indian benchmark indices, Nifty50, and Sensex, rallied for the fourth consecutive session, driven by gains in banking and IT stocks. The U.S. Federal Reserve’s decision to maintain its rate-cut projections and the subsequent fall in U.S. bond yields boosted market sentiment, attracting foreign investment.

India’s market correction has impacted fundraising, with IPO and QIP activity slowing. However, a strong pipeline of PSU deals and government divestments is expected to boost investment banking, supported by steady SIP inflows and rising domestic institutional investor participation.

The Indian rupee has reached its highest point in nearly two months, driven by dollar sales from foreign banks and seasonal inflows. The currency gained 1.2% over seven trading sessions, aided by increased corporate flows and weaker dollar amid U.S. economic concerns.