Latest Stock Market News

The S&P BSE Sensex closed 0.09% higher at 71,721, while the NSE Nifty 50 index closed just near the 21,650 level.

The Dow Jones Industrial Average rose 51.41 points, or 0.14% at the open, to 37,747.14.

​Sebi on Thursday sought public comments on various proposals, including on timeline for filling up key managerial posts at listed companies and limiting membership of directors in committees, aimed at improving the ease of doing business.

​Several exchange-traded funds (ETFs) tied to the spot price of bitcoin began trading in the U.S. on Thursday in a landmark moment for the cryptocurrency industry that has been seeking regulatory approval for the financial product for over a decade.

Infosys and Tata Consultancy Services (TCS) kickstarted the earnings season for India Inc today. TCS reported a 2.5% drop in profit and a 4% increase in revenue. On the other hand, Infosys saw a 1.7% decline in profit and a 0.4% decline in revenue. Deal wins slowed down for both companies, with Infosys seeing a larger impact. Revenue from BFSI vertical also dropped for both companies.

The 52-week high serves as a vital technical indicator for traders and investors, indicating the highest price a stock reached in the preceding year.

The 30-share Sensex climbed 63 points to settle at 71,721 and the Nifty gained 28 points to 21,647. Sectorally, oil and gas, consumer durables, auto, and PSU banks were top gainers.

Consolidated income of 5paisa Capital during the reporting quarter jumped 20% year-on-year to Rs 100 crore as against Rs 83.8 crore in the corresponding quarter of last year. Profit before tax for the quarter increased 37% to Rs 20.2 crore. For nine months of FY24, revenue rose 14% year-on-year to Rs 282 crore, while profit was up 67% year-on-year to Rs 48.7 crore.

Nirav Karkera says: “There is a lot of new to mutual fund money coming in at this point in time. It is not just the category rotation that is happening but there are also fresh SIPs outside the industry that are moving into the industry at this point in time. It will be a very good push towards the flows in these specific categories, small and midcap very specifically.”

TCS Q3 Results: India’s largest software service provider reported a 2% YoY growth in consolidated net profit for the December quarter to Rs 11,058 crore, while the revenue increased 4% to Rs 60,583 crore. Analysts estimated a revenue of Rs 60,119 crore and a profit of Rs 11,446 crore. The board also recommended a special dividend payout of Rs 18/share and an interim dividend of Rs 9/share.