Latest Stock Market News

Auto parts manufacturer Kross Ltd on Friday said it has mobilised Rs 150 crore from anchor investors ahead of its initial public offering (IPO). EastSpring Investments, Mathews Asia Funds, LIC Mutual Fund (MF), ICICI Prudential MF, Axis MF, Kotak Mahindra MF, Motilal Oswal MF, Edelweiss MF and Max Life Insurance Company are among the anchor investors.

Gold prices eased on Friday, retreating from near-record levels reached earlier, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month.

Oil pared gains on Friday after data showed U.S. employment increased less than expected in August, and was on track for a heavy weekly loss as demand concerns outweighed a delay to supply increases by OPEC+ producers.

The emergence of a long bear candle on the daily chart, coupled with a decisive break below the 25,000 support level, points towards a significant downward shift in the market. This pattern, according to Nagaraj Shetti of HDFC Securities, confirms a short-term top reversal at the 25,333 level.

Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5.

Short covering occurs when traders repurchase shares they had previously sold short, typically in response to changes in market sentiment or new information. This action generally leads to a reduction in open interest and can push the stock price higher. On Friday, five stocks experienced such short covering.

Indian government bond yields closed nearly unchanged on Friday, steady for the third consecutive week with the benchmark anchored around 6.85%, as market attention shifts to U.S. economic data expected to influence potential rate cuts.

Silver prices surged Rs 1,200 to Rs 85,800 per kilogram, while gold rose Rs 100 to Rs 74,200 per 10 grams in the national capital on Friday, according to the All India Sarafa Association. In the previous session, the precious metal of 99.9 per cent purity had ended at Rs 74,100 per 10 gram.

As the cryptocurrency market evolves, investors are exploring underrated tokens beyond Bitcoin and Ethereum. Anush Jafer from Mudrex highlighted 10 promising cryptocurrencies during an ETMarkets live stream, emphasizing the value of diversifying across small-cap, mid-cap, and large-cap tokens for a resilient portfolio.

SBI Cards and Vodafone Idea among stocks that witnessed maximum action on Friday.