Latest Stock Market News

Analysts were mixed on the post listing strategy for investors. While some recommended investors to exit their positions, others advised to hold the stock for the long term

After receiving intimation about the demise of an investor, the concerned intermediary will have to obtain the death certificate along with the PAN from the notifier or nominee and verify the death certificate through online or offline mode.

Technical factors, including a lack of clear support between the 4.5% and 5.0% levels on 10-year Treasury yields have also made investors more cautious about entering the market.

​Amfi will release the official list in the first week of January 2024 and the fresh list will be valid for the February 2024 to July 2024 period.​

Daljeet Singh Kohli, Head of Strategy & Research at Vasuki India Fund, advises retail investors to refrain from buying or staying in Vedanta due to its demerger exercise, which he believes is primarily a debt management exercise rather than value unlocking. He suggests that it may take 12 to 15 months for any major benefit to be realized, making it a long-term investment. However, Kohli remains positive on the metal pack and recommends exploring other options within the sector. He also expresses positivity towards PSU banks.

The rupee opened at 83.21. It was poised to start even lower, tracking non-deliverable forwards, but that was averted by likely U.S. dollar sales by the Reserve Bank of India.

The Nifty Pharma index closed 0.92 per cent down at 15281.3.

European bank stocks fell by as much as 4% at one point last month, before staging a strong recovery to end September with a gain of 2.6%, while U.S. banks ended the month down 3%.