Latest Stock Market News

The company that defaulted on its ₹1,536 crore loan has received bids from Kalyan Tollways, Prakash Asphaltings & Toll Highways (India), and a consortium.

While the urge to be ahead of the curve in determining market tops is strong, the overwhelming desire to make the most out of bull rallies overrides any cold logic.

Consumer discretionary major Titan Co saw 22% revenue growth for the third quarter ended December. The growth was broad-based as most of the segments put up a healthy performance during the quarter.

Net profit in the December 2023 quarter for the Nifty 50 constituents is expected to climb 15%, compared with 7.6% growth in the year-ago period. To be sure, the year-on-year profit growth was above 25% in each of the two previous quarters, reflecting the base effect.

Quant investing strategies involve the use of advanced mathematical models to trade in financial markets.

There was more promising news from Washington where U.S. congressional leaders agreed on a $1.6 trillion spending deal aimed at averting a partial government shutdown.

Against the yen, the dollar rose 0.05% to 144.67, extending its gain from last week when it jumped 2.6% on the Japanese currency, its best weekly performance since June 2022.

COMEX gold speculators raised their net long position by 2,009 contracts to 137,516 in the week to Jan. 2 , data showed on Friday.

Stocks that were in focus included names like Century Textiles, which rose 0.84%, HAL, which jumped 3.30%, and Tata Steel, whose shares declined 0.8% on Friday.