Latest Stock Market News

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.

“Latest CPI numbers is that the core inflation and even headline inflation has come off to 4.9% but core inflation has come down even more to 4.2-4.3%, which seems to suggest that despite core demand remaining strong, the ability of manufacturers, service providers etc. to pass on some of the increased demand remains relatively muted.”

"Our market has displayed resilience and has seen a maximum drawdown of just 6.5% in this phase (that too with FPIs in withdrawal mode). Given the relative strength of our market, we believe our benchmark index could pause and see some further time correction as opposed to deep cuts from the current levels of ~19000 Nifty."

On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19400 and then towards 19300 strikes.

The Registrar of Companies (RoC) under the MCA has imposed penalties of ₹485,000 each on JM Financial Properties and Holdings, Shankar Packagings and Krishna Solvechem and some of their key executives since mid-October, according to a copy of the RoC orders seen by ET.

Grasim Industries reported 15% growth in its consolidated net profit at Rs 1164 crore for the September quarter, compared with Rs 1,009 crore in the year-ago period.