Latest Stock Market News

ICICI Securities maintains a buy call on Hindalco Industries with a target price of Rs 730. Current market price stands at Rs 607.1. Hindalco s Q3 FY24 consolidated total income rose 10.95% YoY to Rs 58899 crore, while net profit was Rs 3734 crore. Promoters hold 34.64% stake. Key risks include sharp drop in LME Al or metal premium.

Stock Market Holiday Today: Trading in equity, derivatives, and securities lending and borrowing (SLB) segments will remain open, but the current and auction markets will be closed for the day.

Mahindra Lifespace Developers shares:In a regulatory filing on Tuesday, Mahindra Lifespace Developers confirmed its collaboration with Livingstone Infra Pvt Ltd for a cluster redevelopment project in Mahalaxmi, with a gross development value (GDV) of Rs 1,650 crore.

We see Indian markets have shown improved resilience to such volatility, with faster recovery patterns from corrections. However, the immediate term may remain choppy as markets digest these multiple triggers.

PNB shares have experienced a notable decline over the past year, falling by 29.43%. In the last six months, the drop has been 18.75%, and the three-month performance further underscores this negative trend, with an 8.65% decrease in value.

A White Marubozu is a bullish candlestick pattern in technical analysis.

The S&P 500 reached a record high, closing with gains amid a quiet session. Investors await the release of the Federal Reserve s January meeting minutes and upcoming retail earnings reports for further market direction. Major indexes experienced volatile trading but ended the day in the green.

Gold prices remained steady near a record high as investors watched U.S. President Trump s tariff threats and awaited the Federal Reserve s January meeting minutes. Trump s trade measures on autos and other imports continued to raise concerns of a global trade war, while silver, platinum, and palladium saw minor fluctuations.

The U.S. dollar remained steady due to tariff concerns and Russia-Ukraine negotiations, while the New Zealand dollar dropped after a significant rate cut by its central bank. Trump plans more tariffs, causing currency fluctuations. Investors anticipate further insights from the Federal Reserve s meeting minutes.