Latest Stock Market News

According to Nuvama, equity mutual funds (growth schemes) witnessed a net inflow of Rs 15,500 crore in November, which showcases the resilience of Indian markets.

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Tech Mahindra is seen to be breaking out of a bullish pattern and making a bullish candlestick on the daily timeframe, which indicates strength.

According to the draft papers, the proposed IPO of Apeejay Surrendra Park Hotels comprises a fresh issue of equity shares worth Rs 650 crore and an offer for sale (OFS) of equity shares to the tune of Rs 400 crore by promoters and investor shareholders.

​Short buildup means more people are expecting the prices to go down and creating short positions.​

On the technical charts, the RSI of the stock stood at 86.09.

"The rupee should have gained further... but right now it seems stuck between 83.25 and 83.40," a foreign exchange trader at a state-run bank said.

The Nifty Realty index closed 3.88 per cent up at 772.55.

Hockey-stick returns refer to a sharp and sustained rise in the price of a stock, which leads to a hockey-stick formation of the price chart, translating into handsome returns for the stockholders.

The Nifty Bank snapped a two-day losing streak to close with gains of over 1% supported by gains in top private sector banks. The index rose 640 points to close at 47,732 while the Nifty50 closed at 21,182, up 256 points on Thursday.