Latest Stock Market News

The Dow Jones Industrial Average fell 26.33 points, or 0.07%, at the open to 38,397.94.

Over the years, share buybacks have become a more popular mode for companies to return value to shareholders, compared to dividends.

Zerodha Fund House is a joint venture between Zerodha and fintech platform smallcase and is India’s only passive-only fund house providing direct plans to do away with transaction charges.

PNB, Federal Bank, Bank of Baroda, SBI and HDFC Bank led gains in Nifty Bank index, while selling was seen in Axis Bank, AU Small Finance Bank, ICICI Bank and Kotak Bank.

CA Basque Investments, the Mauritius-based special purpose vehicle owned by Carlyle Group, sold 39,00,00,000 shares of the lender at Rs 27.10 a share, bulk deals data on the BSE showed. Morgan Stanley Asia Singapore Pte bought 30,63,05,668 shares or 1.1% in the lender through a separate bulk deal for Rs 830 crore.

The S&P BSE Sensex rose more than 200 points to reclaim 72K while the Nifty50 closed above the 21,900 level.

The scheme is a close-ended category-3 alternative investment fund (AIF) and investments mainly factor in changes due to overarching macro shifts such as favourable demographics, regulatory framework changes, and increasing digitalisation.

Gold prices languished near a two-month trough on Thursday as traders lowered expectations of sooner and deeper rate cuts by the Federal Reserve this year, while markets await a slew of U.S. economic data for further clarity.

Bitcoin price above $51k, eyes on halving. SMOG is a Solana-based meme coin with a market cap of $34 million. Meme Kombat is an Ethereum-based gaming platform. Bitcoin Minetrix offers easy entrance into Bitcoin mining. eTukTuk is a sustainable transport solution. Sponge V2 introduces play-to-earn game.

Nifty is currently placed at the edge of moving above the minor down- trend line resistance around 21,900-21,950 levels. A decisive break above this hurdle could open the doors for new all-time highs around 22,150 levels. Immediate support is at 21,800, said Nagaraj Shetti of HDFC Securities.