Latest Stock Market News

Gold prices in India are at their highest ever, driven by geopolitical tensions and increased demand during the festive and wedding season. The market predicts a possible correction, suggesting investors wait for more favorable prices. Currently, high prices and a strong international market make buying less attractive.

ICICI Securities has buy call on Signature Global with a target price of Rs 1,905. The current market price of Signature Global is Rs 1,524.55.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment.

Sandip Sabharwal notes a foreign investor-led selloff and identifies potential buy zones in largecap stocks like L&T, Reliance, and ICICI Bank. He highlights mixed business updates in the banking sector and a slower-than-expected recovery in consumer names. He also addresses financial stresses, inflation pressures, and the need for fiscal and monetary interventions to support the economy.

A total of 1,755 shares changed hands on the counter till time (IST).

Godrej Properties shares are expected to gain attention on Monday after the company reported robust Q2 FY25 bookings worth Rs 5,200 crore, driven by the sale of 5.1 million square feet of residential properties. New project launches in the NCR and the Mumbai Metropolitan Region fueled the demand.

The upward trend in the Nifty50 remains strong, with last week’s 5% correction from 26,200 viewed as a temporary pullback in line with market expectations. This correction was anticipated for several reasons, notably foreign institutional investors (FII/FPIs) selling due to structural changes in weekly options expiry and China’s recent rate cut.

Citi maintained a neutral call on Titan citing studded mix concerns, Macquarie an outperform due to strong jewellery sales. Jefferies has a buy on Bandhan Bank despite QoQ collection dip, while Morgan Stanley remains underweight on RBL Bank amid moderate loan growth.