Latest Stock Market News

The number of MF folios have risen from 4 crore in December 2013 to 16.5 crore in December 2023​​

The Relative Strength Index of the stock stood at 45.82 on Friday.

Retik Finance (RETIK) distinguishes itself in the world of decentralised finance (DeFi) with its Retik Debit Card, bridging the gap between DeFi and traditional banking. It offers seamless integration, allowing users to make purchases at regular point-of-sale terminals. The card also provides access to DeFi features such as earning rewards and accessing instant loans. Retik Finance disrupts the DeFi space with innovative technologies like its AI-powered P2P lending protocol, which connects borrowers and lenders based on real-time market data.

Capital markets regulator Sebi on Friday tweaked the framework for on-boarding investors by Alternative Investment Funds (AIFs). This came in view of amendments to the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005.

​The Indian rupee was trading higher on Friday, surpassing the 83-level against the U.S. dollar, as traders capitalised on the opening decline to build bullish bets on the local currency.

Gaurav Bissa recommends a buy on Reliance Industries, which has given stability and a strong push to the markets. He also suggests a sell call on ICICI Prudential due to consistent lower top, lower bottom formation. Bissa believes the market is stock-specific and recommends a blend of large and midcaps.

Nithin Kamath, who is known for educational tweets on all things stock markets and on finance-related news, lamented that insurance products are being sold at high prices, sometimes even though investors are not keen on purchasing them.

​Top gainers include names like PNB, SBI, Bank of Baroda and ICICI Bank while selling was seen in HDFC Bank, Bandhan Bank and Axis Bank.