Latest Stock Market News

Rashesh Shah, Chairman of Edelweiss Group, shares his fitness journey and how it has influenced his leadership style and personal life, emphasizing discipline, balance, and mental and physical well-being.

Earnings season is crucial in financial markets, impacting stock performance based on reported profits, revenues, expenses, and earnings per share. Investor decisions hinge on how outcomes meet expectations and future guidance. Market sentiment and surprises in results also play significant roles in stock price fluctuations.

PSU stocks appear technically weak, with the BSE PSU index breaking below the 200-day moving average, indicating potential underperformance. Downside risks are noted in Coal India and Power Finance, with specific target levels for short selling and stop-losses highlighted by analysts from CLSA.

Housing finance companies are anticipating a delay in the festive season demand surge due to pending government guidelines on the PMAY and Affordable Housing Refinance Scheme. The PMAY subsidy aims to provide ₹1.80 lakh for home loans up to ₹25 lakh, while the refinance scheme offers a 5% interest rate for housing loans disbursed in the past year.

The Centre has announced a buyback auction for up to ₹25,000 crore worth of government securities to be conducted by the RBI on October 17. The auction features five bonds maturing between 2025 and 2026. This follows recent successful buyback operations by the RBI since May.

The Securities and Exchange Board of India (Sebi) has clarified that recent amendments to debt sale approvals do not necessitate board approvals for each bond issuance but require the board to be informed prior to opening the issue, addressing operational concerns from market players.

The S&P 500 and Dow closed at record highs, boosted by strong earnings from financial companies. JPMorgan Chase, Wells Fargo, and BlackRock led gains. Inflation data also supported expectations for a Federal Reserve rate cut in November. Meanwhile, Tesla shares slumped after unveiling its robotaxi without production details.

Investor attention will focus on U.S. consumer health next week, with earnings reports and retail sales data expected to confirm economic resilience. Key reports from major banks and companies like Netflix and American Express will provide insights into consumer spending, amidst economic optimism and stock market gains.

Rashesh Shah, Chairman of Edelweiss Group, reveals that his disciplined fitness regimen, starting as early as 4:45 AM, aids his mental clarity and stress management. Incorporating diverse workouts like swimming and cycling, Shah balances intense physical activity with rest. His commitment inspires a wellness-focused culture at Edelweiss, encouraging employees to prioritize health amid demanding careers.

U.S. stock indexes were mixed at the open on Friday, as traders kept bets on a 25-basis-point Federal Reserve rate cut in November intact after producer prices data, while a slump in Tesla shares dragged on the Nasdaq.