Latest Stock Market News

Gold October futures at MCX opened flat at Rs 71,384, while silver September futures rose to Rs 83,979. Despite recent declines, both metals show bullish signals with key resistance and support levels identified.

Both the Fed and the U.S. economy are approaching a crossroads. Inflation has come down sharply since its 2022 peak of 9.1%, with the year-over-year increase in the consumer price index falling to 2.9% in July. Given the progress, the critical question facing Fed officials is no longer how much economic damage it will take to wrestle price increases back under control. It is whether they can finish the job without inflicting much damage at all.

Retail investors have bolstered their market presence by raising stakes in 29 companies, delivering substantial returns. Public sector firms like Bharat Electronics and Hindustan Aeronautics have seen significant gains. Mid and small-cap stocks have particularly benefitted, though they now exhibit stretched valuations. Investors are advised to consider midcaps for better opportunities.

The Relative Strength Index of the stock stood at 41.51 on Friday.

Anil Ambani and 24 entities, including former officials of Reliance Home Finance, are barred by Sebi from the securities market for five years for fund diversion. Sebi imposed a Rs 25 crore penalty on Ambani and restricted him from participating in the market. Reliance Home Finance was also fined Rs 6 lakh and barred for six months.

A total of 1,536 shares changed hands on the counter till 11:06AM (IST).

The Nifty Realty index was trading 1.04 per cent down at 1032.6.

Ethos Ltd., incorporated in the year 2007, is a Small Cap company (having a market cap of Rs 7741.45 Crore) operating in Retail sector.

The NSE has intensified scrutiny on companies seeking to list on its SME platform by requiring them to demonstrate positive Free Cash Flow to Equity for two of the last three years. The move aims to ensure financial robustness and transparency, addressing concerns about market manipulation and overvaluation in SME IPOs.