Latest Stock Market News

Motilal Oswal has downgraded FY25 Nifty EPS estimates by 4% to Rs 1,072, citing reduced forecasts for metals and O&G. Despite this, sectors like BFSI, healthcare, and utilities are expected to drive earnings growth. Top picks include ICICI Bank, HDFC Bank, and Bharti Airtel.

As of 30-Jun-2024, promoters held 43.92 per cent stake in the company, while FIIs held 13.67 per cent and domestic institutional investors had 1.11 per cent.

European stocks slipped on Monday as the initial euphoria over strong U.S. jobs data last week faded and rate-sensitive sectors such as real estate and utilities came under pressure from higher bond yields.

HeidelbergCement shares jumped 18% to a new 52-week high of Rs 257.85 on the BSE following reports that the Adani Group is in talks to acquire its Indian cement operations. The buyout, led by Ambuja Cements, is estimated to be valued at around $1.2 billion (Rs 10,000 crore).

These are the companies which have seen different cycles at different points of time and maybe in different geographies as well. They generally have technological superiority over their counterparts. And also when you look at their financial profile, generally their ROE levels are much higher than the rest of the market.

The stock quoted a 52-week high price of Rs 494.85 and a 52-week low of Rs 230.75.

Major cryptocurrencies, including Bitcoin and Ethereum, surged on Monday following robust U.S. labor market data, easing fears of a recession and reducing expectations for rate cuts. The global cryptocurrency market cap rose by 2.58%, reaching approximately $2.21 trillion over the last 24 hours.

Info Edge (India) shares fell 3.3% despite a 12% YoY billing increase to Rs 650.3 crore for Q2. The company reported strong profit growth amid significant share price gains.

The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 1002.7.