Latest Stock Market News

Brokerages issued updated recommendations on Balkrishna Industries, Varun Beverages, and Aurobindo Pharma. Balkrishna sees market share expansion, Varun Beverages is upgraded despite underperformance, and Aurobindo s Kakinada plant moves closer to profitability with the Penicillin-G boost. Recommendations indicate potential upsides for each stock.

Oyo Hotels is accelerating its IPO plans as a significant debt repayment deadline looms. Creditors demand founder Ritesh Agarwal settle $383 million of his $2.2 billion loan by year-end unless Oyo goes public this year. The startup is in talks to value the firm at up to $5 billion.

Ajay Srivastava, CEO of Dimensions Corporate Finance, emphasizes that market recovery hinges on FIIs halting their sales. He advises investors to hold on to good stocks despite the current downturn, suggesting the hospitality and pharma sectors show resilience, while real estate struggles. Regulatory changes and sensible taxation are crucial for market revival.

The selloff in Indian equities is nearing a concerning milestone, as the benchmark index is on track to post its 10th consecutive day of decline amid persistent selling by foreign investors. On Tuesday, the NSE Nifty 50 Index dropped as much as 0.7%, reaching its lowest point in nine months and extending the decline from the September peak to 16%.

Balaji Phosphates IPO: The retail portion of the issue was subscribed 67%, while the non-institutional investors category saw a 99% subscription on the final day of bidding. Meanwhile, qualified institutional buyers had not placed any bids yet.

Gold and silver prices rose amid safe-haven demand due to escalating trade war concerns. Gold April futures traded at Rs 85,513/10g, while silver March futures stood at Rs 94,484/kg. Analysts expect volatility as US tariffs take effect and dollar index fluctuates. Indian and Chinese demand remains subdued due to high prices.

India s wedding industry, seeing 47 auspicious days in late 2024 and early 2025, is boosting various sectors including jewelry, fashion, and food companies. Companies such as Tanishq, Raymond Lifestyle, and Amul report strong growth driven by sustained demand for wedding-related products and services.

​Canada is actually the largest buyer of US goods, almost $350 billion and Mexico is $334 approximately billion a year. And automobiles frankly in the United States come from Canada, they are assembled in Canada and Mexico or parts come from there. It is going to cause disruptions just globally.

A total of 41 brokers cover Axis Bank, with an average rating of 4.08. Brokers have an average target of Rs 1,242 on the stock.

ICICI Securities recommends buying Crompton Greaves Consumer Electricals with a target price of Rs 440. The current market price is Rs 318.7. Despite a slight dip in quarterly income, the company has shown year-on-year growth, and ICICI models strong revenue and profit growth for the future. Key management comprises experienced figures like Mr. D Sundaram and Mr. Shantanu Khosla.