Latest Stock Market News

U.S. semiconductor stocks are under close scrutiny after mixed reports from international tech leaders triggered market volatility. Upcoming earnings from Texas Instruments, Lam Research, and Advanced Micro Devices are crucial for gauging future demand, especially in AI applications, which directly influence overall market trends.

Gold prices exceeded $2,700 for the first time amid expectations of monetary easing and safe-haven demand due to U.S. election uncertainties and Middle East conflicts. Spot gold reached $2,714 per ounce. The rise in geopolitical tensions is prompting investors to seek gold. Both spot silver and platinum also saw gains, similarly to gold futures.

Oil futures dropped over 7% this week amid concerns about China’s slowing economic growth and mixed Middle East outlook. Brent crude fell to $73.06 per barrel and U.S. WTI settled at $69.22. Increased electric vehicle sales in China and geopolitical tensions also impacted prices.

Nalwa Sons Investment led the small-cap gainers with a nearly 43% return, followed by Precision Camshaft (29%), Motilal Oswal (27%), and Renaissance Global (26.4%). Additionally, four stocks, including Kalyani Investment, Info Tech Transform, Filatex Fashions, and Sanghvi Motors, delivered returns between 20-25% during the week.

Tech Mahindra Q2 Results: Tech Mahindra reported a 153.1% YoY surge in Q2 net profit to Rs 1,250 crore, with revenue increasing 3.5% YoY to Rs 13,313 crore. The Mahindra Group firm declared an interim dividend of Rs 15 per share. PAT margin rose, with new deal wins totalling $603 million.

The Dow Jones, S&P 500, and Nasdaq posted record highs, driven by strong Netflix earnings and gains in tech stocks. Netflix surged 11.1%, boosting the communication services sector. Despite some concerns over valuation and potential volatility, positive economic data and robust corporate results supported the market rally.

Waaree Energies raised Rs 1277 crore from 92 anchor investors ahead of its IPO, allocating 84.95 lakh shares at Rs 1,503 each. Funds will be used for a 6 GW manufacturing facility and general corporate purposes. Revenue and profit surged significantly in Fiscal 2024.

The Reserve Bank of India (RBI) has lifted its ten-month-long restrictions on JM Financial Products, a subsidiary of JM Financial, after a special audit and rectification of regulatory and governance lapses. The company assures continued adherence to compliance standards in its financing activities.

Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.