Latest Stock Market News

UBS has initiated coverage on Shaily Engineering Plastics with a Buy rating and a target price of Rs 4,000, citing strong growth prospects driven by its patented technology, upcoming GLP-1 generic launch, and improving utilisation across consumer and industrial segments. The brokerage expects robust earnings growth and market share gains supported by high entry barriers and favourable trade conditions.

Investors are turning cautious toward year-end as uncertainty over potential Federal Reserve rate cuts and stretched AI-related valuations weigh on markets. Recent volatility has returned, major indexes have pulled back from recent highs, and tech stocks are driving the decline. While December is historically strong, sentiment may remain subdued until clearer Fed guidance emerges.

Indian markets concluded the week on a positive note, extending their upward trend. The Nifty experienced a narrow trading range but closed with net gains. While volatility increased, the broader trend remains bullish, supported by strong technical indicators and positive sector rotation. Investors are advised to remain selectively optimistic, with key support and resistance levels identified for the upcoming week.

Indian IT major shares, including Infosys, Tech Mahindra, HCL Tech, and TCS rallied after US Federal Reserve official John Williams indicated that interest rates could fall “in the near term.” These remarks significantly boosted expectations for a December policy easing (rate cut) by the US Fed.

Shares of Karnataka Bank surged after a stake purchase by Aditya Kumar Halwasia, the Chairman and Managing Director (CMD) of Cupid Ltd.

Groww’s parent, Billionbrains Garage Ventures, rebounded after a sharp fall, supported by strong profitability, high margins and rapid scalability. Despite steep valuations and potential regulatory risks, demand remains firm due to digital dominance and efficient operations. Investor enthusiasm follows heavy FOMO-driven post-listing gains and strong institutional interest during the IPO.

India’s Q2 earnings have strengthened market sentiment, but Marcellus Investment Managers’ Rakshit Ranjan says the next market rally will be selective, not broad-based. Autos, discretionary consumption, and healthcare look attractive, while cyclicals, banks and real estate face valuation risks. With GST cuts and a possible US–India trade deal, investors must focus on sector-specific opportunities.

Indian government bonds are set for a quiet start on Monday. The Indian rupee s new record low is a major concern. Investors are watching the currency s movement closely. Upcoming economic data will also be a key focus. The Reserve Bank of India s actions on liquidity and bond yields are under scrutiny.

HG Infra shares: The company, in joint venture with Kalpataru Projects, has become the L-1 bidder for a ₹1,415 crore Maharashtra Metro Rail project. HG Infra will execute 40% of the work, while Kalpataru will handle the remaining 60%.