Latest Stock Market News

The IPO-bound NSE s valuation jumped 201 per cent in 2024 to Rs 4.7 lakh crore, a report said on Tuesday. The largest India equity bourse, which is reported to have restarted its listing process by applying for a no-objection from markets regulator Sebi, is already the 10th-most valuable private company in the country, as per the 2024 Burgundy Private Hurun India 500 list of listed as well as unlisted companies.

Aniruddha Naha, CIO at PGIM India AMC, emphasizes stock-specific strategies over sector calls, focusing on largecap and microcap stocks while avoiding midcaps. He foresees opportunities in private sector banks, capital goods, and defence stocks. He also notes an optimistic outlook on earnings growth and suggests portfolio construction in the upcoming quarters.

ETMarkets analysis found that seven stocks were in over 20 MF portfolios in January 2025, up from December 2024. Four gained 25-110% in FY25, two saw double-digit gains, while one fell 27%.

The Nifty Pharma index closed 0.51 per cent down at 20969.2.

The Indian rupee settled weaker on Tuesday, pressured by dollar demand spurred by the maturity of positions in the non-deliverable forwards (NDF) market and a decline in most of its regional peers.

Indian benchmark indices closed nearly flat on Tuesday after recovering from early losses, as gains in IT stocks counterbalanced declines in consumer stocks.

Despite a challenging market environment where the Nifty declined by 0.5% in January 2025, 16 out of 117 tracked AIFs managed to close the month in positive territory. Notable top performers include IFMR Fimpact Long Term Credit Fund and Emerging Corporate Bond Fund, both delivering 12.42% returns.

Aditya Arora, founder of Adlytick, advocates a "buy on dips" strategy in a volatile market. He highlights the resilience of heavyweight stocks like Reliance Industries and Bajaj Finserv, Nifty s key support levels, and opportunities for short-term recovery. While cautioning about potential international market corrections, Arora encourages long-term investors to focus on strong stocks and capitalize on market dips.

Japan s Nikkei share average finished higher on Tuesday, as investors cherry-picked banks on rate-hike bets and defence stocks after their European peers closed higher overnight, while a softer yen boosted exporters.

Sandip Sabharwal sees strong investment potential in Mahindra & Mahindra due to its robust growth in the SUV segment and strategic push into electric vehicles. M&M s expansion into the EV market and rebound in its farm equipment business, especially tractors, contribute to its compelling growth prospects.