Latest Stock Market News

According to a recent analysis by ETMarkets, it was observed that 59 stocks were newly added to the portfolios of at least 10 MF schemes in September, as compared to the previous month.

Several midcap stocks achieved significant milestones by reaching new 52-week highs on October 13, reflecting positive market sentiment and the growth potential of these companies.

Gold futures are up 0.55% or Rs 318 on the month-to-date basis while they have gained 5.72% or Rs 2,901 on the year-to-date basis, Gupta said. As for Silver futures, the declines are 1.12% or Rs 783 in October while the declines this year stand at 0.49% or Rs 339, he said.

The crypto market has been witnessing a slight dip for the sixth consecutive day. The dip in the markets, including crypto, is being attributed to the September CPI (Consumer Price Index) data that came out yesterday. CPI has risen 0.4% against a market estimate of 0.3%, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.

The pan-European STOXX 600 index was down 0.2% by 0704 GMT. Miners and oil & gas were among the few gainers as prices of commodities including oil and copper rose.

The stock quoted a 52-week high of Rs 276.5 and a 52-week low of Rs 182.45.

Shares of Plaza Wires debuted at a strong premium of 56% over the issue price. The listing was in line with expectations, given the overwhelming response to the IPO. The IPO of Plaza Wires was booked nearly 161 times, making it the most oversubscribed issue of the year and it was listed at Rs 76 on the NSE while at 84 on the BSE.

Its quarterly revenue grew 40.7% YoY to Rs 1,048 crore. Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter under review stood at Rs 443 crore, marking a jump of 40.1% compared with the year-ago period.

A total of 11,020 shares changed hands on the counter till 01:29PM (IST).

Anand Rathi, chairman of Anand Rathi Group says that their equity mutual fund has seen increased inflows, accounting for 50% of their AUM. Despite market outflows, they have had positive inflows in mutual funds, and they expect continuous inflows. Rakesh Rawal, CEO of Anand Rathi Wealth, mentions that they have achieved their FY24 AUM guidance of Rs 47,000 crore in the first half and have set a revised target of Rs 51,000 crore. They have also revised their profitability target to Rs 220 crore and their revenue target to Rs 720 crore.