Latest Stock Market News

Brent crude futures rose 18 cents, or 0.2%, to $76.30 a barrel at 0122 GMT, while U.S. West Texas Intermediate crude futures inched up 6 cents, or 0.1%, to $70.83 a barrel. The benchmarks had fallen over 3% and 4% respectively on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output.

In cryptocurrencies, bitcoin hovered near its strongest level since April 2022 on growing anticipation of imminent approvals of spot bitcoin exchange-traded funds (ETF).

Stocks that were in focus included names like Trident, which rose 19%, Titan, which fell 0.04%, and Tata Steel, whose shares declined 3.68% on Monday.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

Their rates were well below the average rate that analysts had anticipated and that even some issuers had indicated would be the range.

The regulatory hurdles that Zee Entertainment’s Managing Director Punit Goenka is entangled into seems to be one of the primary reasons prompting Sony to consider calling off the deal, which would have created a $10 billion entity, Bloomberg reported quoting sources late Monday.

Samsung Electronics Co Ltd reported a likely 35% drop in fourth-quarter operating profit on Tuesday, much worse than analysts expected as weak consumer demand persisted in many of its businesses even as memory chip prices improved.

The company received bids totalling 10 billon rupees, with participation from banks and insurance companies, according to three merchant bankers.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

In its report, Morgan Stanley said although recent state polls signal that the BJP-led coalition will come back to power after the Lok Sabha polls, yet till the results are out the Indian market will remain volatile. In addition, cues from the US market that include expected interest rate cuts by its central bank, could lead to volatility in the Indian market.