Latest Stock Market News

​It is a two-bar candlestick pattern after a downtrend.​

"My dark horse play is IEX. You cannot have a trading platform which has 93% market share and lose trade at this valuation. I am looking at volume growing at not 10, but 12, but 15 times, maybe more in the next three years and the platform is brilliant. So, you cannot have a better play than IEX. Avoid the noise. This is the time to be in IEX and IRCTC, which are two brilliant blue chip businesses. "

"We are going to find a lot of interesting ideas on the consumer facing stocks. These companies are on the expensive side. But if the December quarter earnings surprise us, then we could see a further up move in these stocks. But at present, are more or less well priced. Some of the growth has got priced in."

​This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)​

"We categorically reject these recycled allegations. These news reports appear to be yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report. In fact, this was anticipated, as was reported by the media last week," Adani Group said in a statement.

The stock rose from Rs 2064 on May 26th, 2023 to Rs 2921 recorded on 28th August 2023 which translates into a rise of over 40% in 3 months. The stock hit a record high of Rs 2935 on 28th August 2023.

Citing review of files from multiple tax havens and internal Adani Group emails, nonprofit media organization OCCRP said its investigation found at least two cases where the investors bought and sold Adani stock through such offshore structures.

Production of cars rose 0.6% thanks to easing supply chain constraints for automakers. Carmakers like Toyota and Honda have huge influence over other Japanese manufacturers through their vast supplier networks.

Stocks that were in focus included names like GR Infraprojects, which rose 0.33%, BPCL, which fell 1.49%, and Hindustan Petroleum, whose shares declined 2.54% on Wednesday.

Bullion is on track for a nearly 1% monthly decline as the U.S. dollar eyes its first monthly rise in three and U.S. Treasury yields see their fourth consecutive monthly climb having reached 2007 levels last week.