Latest Stock Market News

Hindustan Aeronautics Limited (HAL) has been upgraded to Maharatna status by Finance Minister Nirmala Sitharaman. This designation allows HAL greater operational and financial autonomy, enabling investments of up to 15% of its net worth and Rs 5,000 crore in foreign ventures without government approval, enhancing its strategic capabilities.

The craze for Bank Nifty weekly options might be dampened once the NSE discontinues weekly contracts for Bank Nifty, Nifty Midcap, and Nifty Financial Services indices.

It was about time we witnessed a material correction. The last one we witnessed was when Japan raised interest rates, and the yen carry trade was presumed to be under threat.

Ashoka Buildcon shares are expected to attract attention on Monday following the receipt of Letters of Acceptance for two projects from the Maharashtra State Road Development Corporation. The first project, valued at Rs 310 crore, involves EPC work for a major bridge across Bankot Creek on the Revas Reddi Coastal Highway No. 5 in Ratnagiri District, to be completed within 36 months, including monsoon periods.

Gold prices decreased as the U.S. dollar strengthened, with markets awaiting Federal Reserve cues on monetary policy. Investors speculate a rate cut in November. U.S. inflation data favored lower rates, while geopolitical tensions rise with U.S. troop deployment to Israel.

Oil prices dropped by a dollar in early Asian trading on Monday, following disappointing Chinese inflation data that heightened concerns about demand, with Brent crude futures at $77.92 and U.S. West Texas Intermediate at $74.49 per barrel amid uncertainty over potential economic stimulus measures.

Reliance Industries Ltd is expected to report muted earnings for the second quarter, due to weakness in the oil-to-chemicals segment. Analysts anticipate a 10% decrease in net profit year-on-year and a marginal 0.6% decline in net sales. However, strong performance in consumer businesses and other segments may offset this decline.

Nine stocks including Chambal Fertilizers, GNFC, and Hindustan Copper are under the F&O trade ban on Monday. Bandhan Bank, Birlasoft, and Tata Chemicals have exited the ban list. Stocks enter the ban when their open interest crosses 95% of the market-wide position limits and exit once it falls below 80%.