Latest Stock Market News

The BSE Sensex climbed 306.55 points or 0.47% to settle at 65,982.48. During the day, it jumped 682.44 points or 1% to 66,358.37.

The issue size is estimated at ₹2,890 crore at a lower price band and ₹3,042 crore at the upper price band. The issue will close on November 24.

The US consumer price index remained unchanged month on month and rose 3.2% on year in October, both lower than what economists had forecast, sparking a stock market rally after the numbers were published on Tuesday on hopes that the Federal Reserve may stop raising interest rates.

The authors pointed out that while the increase in term deposit rates in the latest tightening cycle has outstripped that in lending rates, savings deposit rates of banks - which represent a third of total deposits - stayed almost unchanged.

On the weekly chart, Macrotech Developers has established a robust hurdle zone between 750 and 775, where buyers have been actively accumulating shares, propelling the stock above the hurdle mark.

The company was set to lose more than $25 billion in market value, if losses hold, based on its share price of $46.90, after it lowered its projections for profit and revenue for fiscal year 2024 on Wednesday.

Companies that saw the highest decrease in HNI holdings in value terms included Page Industries, Reliance, and Bajaj Finserv

The Dow Jones Industrial Average fell 123.18 points, or 0.35%, at the open to 34,868.03

As of September end, Softbank, through its entity Svf Doorbell (Cayman) held 14.46% stake in the company