Latest Stock Market News

More than 150 millimetres were recorded over most parts of the territory since midnight Monday, and rainfall exceeded 300 millimetres over some parts of urban Hong Kong island, data showed.

Holidays in Japan and South Korea made for thin conditions but the initial bid was for bonds and the safe harbours of Japanese yen and gold, with the euro the main loser.

The Indian government has approved the appointment of 12 general managers as executive directors of various public sector banks. The appointments were made by the Appointments Committee of the Cabinet. The newly appointed executive directors will be joining banks such as Union Bank of India, UCO Bank, Canara Bank, Punjab National Bank, Punjab & Sind Bank, Bank of India, Indian Bank, Bank of Baroda, Central Bank of India, and Indian Overseas Bank.

The market regulator had on September 29 instructed the exchange to postpone the scheduled launch of its new commodity derivatives platform, initially planned for the first week of October.

Fund raising through initial public offerings or IPOs fell 26% to ₹26,300 crore in the first half of the current fiscal, despite the number of issues more than doubling to 31, from 14 issues with the total mop-up of ₹35,456 crore in the year-ago period, according to Primedatabase.

We believe recent healthy retracement has helped the index to cool off the overbought conditions. Thus, the focus should be on accumulating quality stocks amid ongoing global volatility.

Titan Co has clocked 20% year-on-year growth in its revenues for the second quarter ended September 2023. A total of 81 stores were added in this period, taking the group’s retail presence to 2,859 stores.

"Overall, we expect the market to remain range-bound with a bout of volatility given the uncertainty still looms globally, despite the ease in US 10-year bond yield and fall in crude oil prices,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Non-banking finance companies (NBFCs) in India are expected to report a 20-30% growth in net profit for the second quarter, driven by strong loan disbursements. However, margins may be under pressure due to a rise in the cost of funds. Analysts expect consumer-facing sectors like microfinance, consumer durable and vehicle loans to lead growth, while affordable housing and gold-loan companies may lag behind.