Latest Stock Market News

The Reserve Bank of India (RBI) has laid the ground rules for selling sovereign green bonds to foreign investors through International Financial Services Centre, better known as Gift City

The Indian markets hit new record highs on Thursday, with the S&P BSE Sensex up over 300 points and the Nifty50 surpassing 25,100. Notable buying occurred in auto, telecom, FMCG, energy, and oil & gas sectors, while utilities, power, and capital goods saw declines.

Over the last decade, five F&O stocks showed positive seasonality in September with average returns over 5%, including TVS Motor, Deepak Nitrite, Abbott India, Escorts Kubota, and Zee Entertainment. Conversely, ICICI Bank, APSEZ, SBI, Cummins India, and Dabur India had negative seasonality, with average losses of 2% or more.

Domestic equity benchmarks Sensex and Nifty hit record highs on Thursday, boosted by heavyweight conglomerate Reliance Industries, which plans to step up the adoption of AI and issue bonus shares.

Billionaires Gautam Adani and Mukesh Ambani, the top two wealthiest Indians on the 2024 Hurun India Rich List, added Rs 12.54 lakh crore, boosting their total wealth to Rs 35.57 lakh crore.

Gainers & Losers: IndiGo, Tata Motors among 7 stocks in limelight

Jyotivardhan Jaipuria from Valentis Advisors shares insights on investments in bank stocks due to their undervaluation. He says, over time, one has to buy bank stocks because it is one of the few cheap places left in the market today. He discusses challenges in the cement and IT sectors, the high valuations of defense stocks, and emphasizes a long-term strategy for profitability as industries consolidate and recover.

The board of state-owned IREDA on Thursday approved a proposal to raise Rs 4,500 crore. The funds will be raised in one or more tranches through further public offer (FPO)/qualified institutional placement (QIP)/rights issue/preferential issue or any other permitted mode or combination, subject to the statutory or government approval, IREDA said in an exchange filing.

Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani on Thursday announced that they are aiming to double its revenue as well as EBITDA of its telecom offering Reliance Jio in the next 3-4 years.

Domestic equity indices, Nifty 50 and Sensex hit record highs on Thursday. In today’s session, six Nifty50 stocks reached new 52-week highs. Here’s the list