Latest Stock Market News

High P/E stocks in the Nifty500 signal growth optimism or possible overvaluation, as investors pay a premium for expected strong performance and future potential.

Banking and financial services major Goldman Sachs on Wednesday bought shares of leading stock exchange BSE for Rs 401 crore through an open market transaction. According to the bulk deal data available on National Stock Exchange (NSE), US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh shares of BSE Ltd.

Given broader market strength, a buy-on-dips strategy remains favourable if Nifty holds its recent low of 22,725. The 21-Day Simple Moving Average at 23,230 is a key hurdle, and a breakout above this level could confirm a near-term bottom reversal, said Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

ICICI Securities forecasts the Nifty 50 reaching 26,000 within a year, driven by earnings stabilization and policy support. Key stock picks include Bharti Airtel, UltraTech Cement, and SBI. Financials, telecom, and autos lead the corporate earnings recovery.

A 52-week high is a key metric for traders and investors, indicating a stock s peak value over the past year.

The Nifty Realty index was trading 2.34 per cent up at 851.55.

Chhatrapati Shivaji Maharaj’s leadership principles offer valuable lessons for investors in volatile markets. His focus on strategic planning, patience, and resilience mirrors successful investing strategies—staying calm during uncertainty, building a strong portfolio, and maintaining a long-term vision to achieve financial success.

BSE Sensex dipped 28.21 points (0.04%) to 75,939.18, while Nifty 50 slipped 12.40 points (0.05%) to 22,932.90.

Indian markets closed in the red for the second consecutive day, with Sensex and Nifty50 ending flat. Realty, power, and metal stocks saw gains, while IT and healthcare stocks declined. UPL, Shree Cement, and Kotak Mahindra Bank hit 52-week highs.

Karthikraj Lakshmanan of UTI AMC projects single-digit earnings growth for FY25 and early double digits for FY26. He suggests focusing on large cap stocks, particularly in financials, IT, and consumer durables. Mid and small cap stocks are considered expensive, and investors are advised to have realistic expectations for the forthcoming years.