Latest Stock Market News

On the technical charts, the RSI of the stock stood at 46.3.

Axis Securities has overweight call on Lupin with a target price of Rs 2,500. The current market price of Lupin is Rs 2,216.

Shares of DMart fell by 5% to Rs 4,701.90 following a 14% growth in standalone revenues to Rs 14,050 crore for Q2 and the addition of 6 new stores. Brokerage firms have mixed views; Macquarie is optimistic, Goldman Sachs recommends selling, while Morgan Stanley remains positive.

​Partly because, obviously, very strong inflows from the domestic investors into mutual funds, which have been sort of a stabilising effect when FIIs have been more or less net sellers in the last couple of years and that has brought out some stability into the market.

HDFC Bank may see $1.8 billion inflows from MSCI weight increase, despite recent underperformance, with strong deposit and advance growth reported for Q2 2024.

A short buildup signifies trader pessimism, with rising open interest and declining prices indicating increased short positions in five stocks.

The stock quoted a 52-week high price of Rs 706.85 and low of Rs 404.0.

In the first half of FY25, IPOs proved highly rewarding for investors, with average listing gains significantly increasing in both mainboard and SME segments. According to Prime Database, mainboard IPOs achieved an average listing gain of 34.28%, up from 28.65% YoY. Notable performers included Bajaj Housing Finance, which surged 136% on its listing day, followed by Unicommerce Esolutions at 94% and Premier Energies at 87%.

A total of 7,190 shares changed hands on the counter till 12:07PM (IST).