Latest Stock Market News

Discount brokers maintained their dominance, with Groww, Zerodha, and Angel One leading in investor additions.

Sebi on Wednesday issued a draft circular proposing amendments to its margin pledge system to prevent the possible misuse of clients securities by brokers. These changes aim to enhance transparency and reduce systemic risks associated with clients securities.

A 52-week low marks a stock s lowest price over the past year. It may suggest buying opportunities for strong stocks or reflect company challenges.

The MSCI reshuffle adds Hyundai Motor India while removing Adani Green Energy, impacting fund flows. IndusInd Bank is set to gain $264 million in passive inflows, while Hyundai’s inclusion may attract $257 million, per Nuvama estimates. Meanwhile, Adani Green’s exclusion could trigger outflows of approximately $170 million.

NATCO Pharma Ltd on Wednesday reported a 37.75 per cent decline in consolidated net profit to Rs 132.4 crore in the December quarter, hit by a drop in formulations exports.

Indian markets extended their losing streak for the sixth consecutive session, with selling in auto and IT stocks. Nifty 50 closed at 23,045, down 0.12%, while Sensex declined 0.16% to 76,171 amid high volatility and technical resistance.

Wall Street s main indexes dropped at the open on Wednesday, as a hotter-than-anticipated inflation reading added to concerns that the Federal Reserve would not cut interest rates anytime soon.

Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285 makes the 23,280-23,000 zone a strong resistance. On the downside, 22,780 serves as crucial support. Holding above this level, a buy-on-dips strategy is recommended, says Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

In a circular, Sebi said the platform addresses a growing concern wherein investors, over time, lose track of their mutual fund investments lack of updated contact information, or unawareness of investments made in their name.