Latest Stock Market News

The U.S. president has no legal authority to remove a member of the Board of Governors of the Federal Reserve System, Fed Chair Jerome Powell said on Tuesday.

IRCTC Q3 Results FY25: Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported a 14% growth in its December quarter standalone net profit at Rs 341 crore versus Rs 300 crore reported in the year ago period.

Several Nifty500 companies have achieved over 80% profit growth, marking their highest quarterly net profits in 10 quarters. This signals strong financial performance, effective management, and favorable market conditions.

Snapping the seven-day winning run, gold prices declined by Rs 200 to Rs 88,300 per 10 grams in the national capital following selling by stockists amid a bearish trend in global markets.

US stocks: Wall Street s main indexes opened lower on Tuesday, as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on tariffs and their impact on inflation in the world s biggest economy.

Indian markets plunged on Tuesday after Trump hiked tariffs on steel and aluminum imports. Sensex fell 1,018 points, Nifty dropped 309 points. Analysts see weak trends but anticipate potential recovery near the 22,900–22,940 support zone.

Federal Reserve Chair Jerome Powell indicates no urgency in cutting interest rates amidst a strong U.S. economy, low unemployment, and manageable inflation. However, he acknowledges risks from the Trump administration s new import taxes and regulatory reforms. Powell s testimony, part of two Capitol Hill hearings, stresses the Fed s cautious approach to policy adjustments.

Midwest, one of the largest producers of Black Galaxy Granite, has received Sebi s clearance to raise funds through an initial public offering, an update with the capital markets regulator showed on Tuesday.

Paint maker Berger Paints reported a 1.4% year-on-year decline in net profit for the quarter ended December at Rs 295.97 crores amid tough demand conditions. The company attributed it to the impact of price reductions in prior quarters, currency depreciation and inventory impact of monomer price increase.

Markets regulator Sebi on Tuesday permitted registered stock brokers to access the negotiated dealing system-order matching platform for trading in government securities under a separate business unit.