Latest Stock Market News

The Reserve Bank of India has stepped in to support the rupee. The currency faced pressure after crossing a key level. The RBI sold dollars to stabilize the rupee. This action helped lift market sentiment. Bankers noted the rupee s weakness was due to high dollar demand. A trade deal between India and the US could help.

Domestic equities hold firm above 26,000, buoyed by strong quarterly earnings and consumption trends. Market participants anticipate policy easing in India and the US, alongside a potential US tariff agreement. While large-caps show resilience, mid and small-caps are undergoing a necessary valuation reset.

India s new labor code, effective November 21, imposes a new cost burden on food delivery giants Swiggy and Eternal, potentially impacting margins by up to 70 basis points. The regulation mandates contributions to a social security fund for gig workers, leading to an estimated financial hit for both companies and potential stock volatility as investors assess the impact.

TeamLease Services shares surged 11% to Rs 1,840.65 on the BSE following the November 21 implementation of India’s new labour codes. The reforms, including the Code on Social Security, 2020, are expected to accelerate the shift from unorganised to organised employment, boosting demand for staffing firms. Compliance-driven companies like TeamLease stand to gain from higher revenue opportunities in workforce management.

The U.S. economy took an $11 billion hit from the prolonged government shutdown, but officials remain optimistic about strong growth in 2026 as inflation eases, energy prices fall, and new tax and trade measures support demand. A temporary slowdown is expected in the near term, but improving housing data and policy actions point to a stronger year ahead.

Global markets are on edge ahead of the Federal Reserve s December meeting, with investor sentiment heavily influenced by mixed economic data and shifting interest rate expectations. A dovish comment from the New York Fed President briefly lifted equities, but concerns remain that rate cut expectations may outpace actual data, especially with key labor reports missing.

Indian markets may stay range-bound for the next six months as valuations remain stretched and earnings growth stays muted, says JM Financial’s Venkatesh Balasubramaniam. While FIIs continue selling, strong domestic flows are supporting indices. FY27 could deliver stronger earnings, led by banks and consumption. Investors are advised to stay selective and watch for more attractive valuations.

Indian government bonds saw a slight recovery on Monday. This followed a sharp reversal in the local currency, the Rupee, which had hit a record low. The Reserve Bank of India likely intervened to support the Rupee. Bond yields are closely watching the RBI s strategy on liquidity and yields. Economic growth data for the July-September quarter is also anticipated.

Fed officials are split after October’s rate cut, with some pushing for further easing due to labour-market weakness while others warn of renewed inflation risks. Upcoming data will decide whether rates are cut again or held steady.

Axis Securities remains constructive on real estate, backed by rising pre-sales, stronger balance sheets and premium housing momentum. Its top picks include Prestige Estates Projects and Signature Global, both beneficiaries of sustained demand recovery and aggressive expansion plans.