Latest Stock Market News

Gold price fell by Rs 50 to Rs 60,000 per 10 grams in the national capital on Monday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 60,050 per 10 grams.

The Indian stock market brought a notable development on September 8, as several major companies crossed their 100-day Simple Moving Averages (SMA).

The initial public offering of SAMHI Hotels will open on Thursday, September 14, for subscription and closes on Monday, September 18.

The lender had announced Rs 400 crore as the base issue size with an option to retain oversubscription up to Rs 600 crore.

Smallcap funds saw inflows of Rs 4,265 crore in August, higher than the inflows of Rs 4,171 crore seen in July.

"Generally, we have seen ahead of election cycles, there is more money in the pockets of consumers, especially at the bottom end of the pyramid, as government spends money. Now, this should benefit consumer staple or consumer goods company. There are events from the US Fed pivot to monsoon to election and there will certainly be change in the baton and sector rotation."

Before ending Monday’s session 176 points higher, Nifty not only scaled a new record high but also crossed the 20,000 level for the first time ever. The milestone day was marked with a long bull candle on the daily charts.

On September 8, Friday, StockEdge highlighted 10 stocks with declining Relative Strength Index (RSI) trends

“In the largecap space, the market has not rallied as much as we would want it to, given that the small and midcaps have rallied around 35% odd, 35-36%. There will be pockets where you need to book out and there will be enough opportunities and more in the market to get into areas where you think the valuations are reasonable.”

SJVN has delivered exceptional returns since the beginning of this year, with an impressive gain of nearly 120% so far. IRCON International benefitted from a favourable trend in the railway infrastructure sector. RVNL also belongs to the railway infrastructure sector, which is currently experiencing robust buying interest