Latest Stock Market News

The European Central Bank cut interest rates as expected on Thursday and kept the door ajar to more, even as a looming trade war with the U.S. and plans to boost military spending drive Europe s biggest economic policy upheaval in decades.

An increase in promoter shareholding signals confidence in a company s future. In the Nifty 500 index, five stocks saw promoter stake rise in Q3 compared to Q2, as per StockEdge s shareholding scan.

The Sensex surged 610 points to 74,340 on Thursday, but seven BSE Smallcap stocks hit 52-week lows. While this may signal buying opportunities, it can also indicate underlying challenges, making it a key metric for assessing market sentiment.

CitiCorp Investment Bank (Singapore) Ltd on Thursday settled with Sebi a case relating to issuance of offshore derivative instruments to Symmetry Master Fund Ltd without completing the KYC norms, on payment of Rs 36 lakh.

Historically, the Sensex has delivered positive six-month returns after Maha Kumbh, averaging 8% in five out of six instances since 2004. Analysts suggest a potential rebound following this year’s 4% dip, drawing insights from past Kumbh market trends.

As many as five current and former officials of Add-Shop E-Retail Ltd (ASERL) and White Organic Agro Ltd (WOAL) on Thursday settled a case with Sebi pertaining violation of regulatory norms and made a payment of Rs 95.55 lakh towards the settlement amount.

Indian markets closed higher as financial and energy stocks gained. RBI s liquidity injection and tariff relief boosted sentiment. Top movers included Castrol India, Godawari Power, Creditaccess Grameen, BPCL, Gensol Engineering, and Lodha.

Indian markets extended gains for a second day, with Sensex rising over 600 points and Nifty closing above 22,500. Power, utilities, oil & gas, and metals led sectoral gains, while realty and telecom stocks faced selling pressure.

A surge in short covering across 33 heavily shorted stocks, including TCS, Infosys, and UltraTech Cement, could fuel a rebound. Elara Securities suggests technical indicators and margin funding reductions signal a potential market bottom after months of selling pressure.