Latest Stock Market News

Nifty surged nearly 0.3% last week and logged its fourth consecutive weekly gain, boosted by auto and pharma stocks.

GLOBAL-Oil on track to snap losing streak on hopes of further OPEC+ cuts

Stocks that were in focus included names like Paytm, which fell 3.08%, LIC, which rose 9.7%, and Balrampur Chini Mills, whose shares declined 2% on Friday.

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, and Shein could go public sometime in 2024, the sources said.

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.

Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

Golden Cross is an important technical indicator of bullishness.

Though the fundamentals in the Indian market appear to be strong presently driven by easing inflation and growth in corporate earnings in just concluded quarterly results, investors need to be mindful about the developments happening in global economic and geopolitical developments as well as upcoming general elections in India next year.

The currency has fallen about 20% against the dollar this year and analysts say its troubles are far from over. BMI expects the currency will weaken to 350 rupees per dollar by the end of next year, while Karachi-based brokerage Topline Securities Ltd. sees it depreciating to 324 rupees per dollar. It closed at 285.64 rupees per dollar on Monday.