Latest Stock Market News

Reliance Industries share price: The rally was further bolstered by Kotak Institutional Equities upgrading the stock to "buy" with a revised target price of Rs 1,400, citing an improved risk-reward after a significant correction.

ICICI Securities has upgraded City Union Bank to a BUY with a target price of Rs 200. The bank reported a 2.82% increase in standalone total income for the quarter ending December 2024. Upgrades are based on healthy Q3FY25 numbers and positive growth outlook. The stock currently trades at its lowest valuation in the last three years.

The markets are sort of re-evaluating the prospect for that US growth exceptionalism. And when you see the likes of China and Europe, as they did yesterday, introducing or talking about some really-really significant fiscal stimulus to hit their economies, then that does mean that actually the US is not the only story in town and we can actually look at other alternative investment destinations as well.

Gensol Engineering s shares plummeted 35.2% in two days after credit rating downgrades from ICRA and CARE. The downgrades indicate increased credit risk and potential financial distress. The company plans strategic debt reduction through asset divestments, aiming to achieve a zero net-debt status. They deny falsification claims and are addressing the concerns responsibly.

The secondary market downturn in 2025 has hit newly listed companies. Two-thirds of IPOs are trading below their issue price, with most showing minimal returns. The SME market, in particular, has seen significant losses. Some IPOs have performed well, but overall market sentiment is causing delays for upcoming offerings. Experts recommend focusing on bluechip stocks.

IndiGo shares rose 2% following the announcement of new direct flights between Mumbai and Krabi. The airline, which remains a market leader with a 65% domestic PAX share, plans to operate six weekly flights to Krabi from March 2025, increasing to daily services by the end of the month.

Bitcoin’s rise to a $2 trillion asset has forced Wall Street skeptics, including Larry Fink and Ken Griffin, to reassess their views. Larry Fink once viewed it as a money laundering tool, now his firm runs a $60 billion Bitcoin ETF. While Jamie Dimon remains critical, institutions adoption signals a growing acceptance of cryptocurrency in global finance.

In an interview with ETNow Sandeep Tandon, CIO of Quant MF, PSU stocks align well with the long-term value investment thesis. Here’s why they could be the next big wealth creators.

Pankaj Pandey, Head of Research, suggests holding some cash as global uncertainties may cause market corrections. He sees opportunities in the banking sector, with positive views on Axis Bank, Kotak, HDFC Bank, and NBFCs like Bajaj Finance. Capital goods stocks like ABB also look attractive after significant corrections.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.