Latest Stock Market News

Short covering signals a shift in view on security from extreme bearishness to bullishness.

“Bidding for the debt sale is likely on January 17th. It will be an AT-1 issuance with a call option after 10 years and every year thereafter,” a source aware of the development said.

​ Gold prices plunged Rs 230 to Rs 63,970 per 10 grams in the national capital on Wednesday amid a bearish trend in the overseas markets, according to HDFC Securities. In the previous trade, the yellow metal ended at Rs 64,200 per 10 grams.

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Alok Industries has been a late bloomer, and it has taken almost the entire part of 2023 to bottom out and attempt a push higher, while the majority of stocks are on the other end of the spectrum. The stock has formed a rounding bottom pattern signalling the end of a prolonged downtrend, matured in late December 2023, but the breakout thereof has unfolded unfortunately at the most inopportune time, as the broader market is seen correcting from record peaks.

​Nifty on Wednesday ended 148 points lower to form a long negative candle on the daily chart placed at the edge of breaking below the immediate support of 10-day EMA.

Shilpa Bhaskar Gole says: “In 2024, build a sizable retirement corpus for yourself. So even if you are just starting out with your job, make sure that that goal, at least, somewhere in your list of things to do and places to invest your money and create that fund for because that will just make sure that to reap the power of compounding and grow that money over 20-0 years.”

Feroze Azeez says: “Total SIP numbers for this year are greater than the total net sale of equity mutual funds in India which means the HNIs have redeemed money and retail has been very smart over the last two-three years, but HNIs have been selling money from equity because of the over-analysis and the pessimism.”