Latest Stock Market News

The view is a little negative for HDFC Bank; 1500 to 1480 is the immediate target on the downside. Keep your stop loss if you are on the short side of the trade at 1560, says Rajesh Palviya, Axis Securities

InGovern Research has suggested that FCL shareholders seek a postponement of the resolution, citing concerns over the adequacy of the notice period. On the other hand, Stakeholders Empowerment Services (SES) has advised shareholders to vote against it, while Institutional Investors Advisory Services (IiAS) has recommended that shareholders vote in favour of the resolution.

The weakness in Chinese Yuan is expected to persist until China unveils substantial stimulus measures, and this is likely to exert downward pressure on the currencies of other emerging Asian markets.

Today, if you look at multi-assets across the world, the safest haven is to buy some dollars and sit tight. Second could be some commodities, maybe some crude oil you could buy and just wait it out. Otherwise, a lot of other assets are looking very wobbly and we are in everything must selloff mode. In India, we are in a different situation where the macro is strong, says independent market expert Ajay Bagga.

The other interesting piece is that 95% of the volume in the options segment is in index options. The following table shows volume break-up as of August 22, 2023, and what becomes very clear is that the stock options are a tiny part of the total options market.

The issue of the integrated facilities management (IFM) services provider will open for subscription on Monday and close on Wednesday. The price band for the IPO has been fixed at Rs 280-300 a share.

Sustained negative returns over two consecutive years are very rare. Furthermore, investors must also be prepared for time corrections, where the market may take an average of around 30 months over the past decade to recover and reach previous peak levels.

Going ahead, as the traditional demand drivers of industrial metals have stalled, the short-term price outlook remains under pressure. Though the new demand areas like the clean energy sector are on the cards, they are unlikely to boost prices in the immediate run.

The overall index declined sequentially for the first time in eight months in August. The overall index was down 0.1% on month in August.Core inflation, which is inflation excluding volatile food and fuel, fell to 4.8% in August from 4.9% a month ago. This is the lowest level for core inflation in over three years. In other words, core inflation is the lowest since the pandemic. Core services inflation has remained moderate at 4.5% in August, despite the evidence of strong service sector activities.