Latest Stock Market News

A 52-week low marks a stock s lowest price over the past year. It may suggest buying opportunities for strong stocks or reflect company challenges.

The MSCI reshuffle adds Hyundai Motor India while removing Adani Green Energy, impacting fund flows. IndusInd Bank is set to gain $264 million in passive inflows, while Hyundai’s inclusion may attract $257 million, per Nuvama estimates. Meanwhile, Adani Green’s exclusion could trigger outflows of approximately $170 million.

NATCO Pharma Ltd on Wednesday reported a 37.75 per cent decline in consolidated net profit to Rs 132.4 crore in the December quarter, hit by a drop in formulations exports.

Indian markets extended their losing streak for the sixth consecutive session, with selling in auto and IT stocks. Nifty 50 closed at 23,045, down 0.12%, while Sensex declined 0.16% to 76,171 amid high volatility and technical resistance.

Wall Street s main indexes dropped at the open on Wednesday, as a hotter-than-anticipated inflation reading added to concerns that the Federal Reserve would not cut interest rates anytime soon.

Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285 makes the 23,280-23,000 zone a strong resistance. On the downside, 22,780 serves as crucial support. Holding above this level, a buy-on-dips strategy is recommended, says Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

In a circular, Sebi said the platform addresses a growing concern wherein investors, over time, lose track of their mutual fund investments lack of updated contact information, or unawareness of investments made in their name.

ICICI Bank on Wednesday said the bank intends to retain majority holding in ICICI Prudential Asset Management Company even though its joint venture partner plans listing and partial divestment of its stake in the fund house.

Honasa Consumer Q3 Results: Q3FY25 revenue from operations was reported at Rs 518 crore, marking a 6% increase from Rs 488 crore posted in the same quarter last year. In an exchange filing, the company reported a 6% revenue increase, reflecting growth momentum. Mamaearth expanded its market share and household penetration, reaching 2,16,814 FMCG retail outlets in India by December 2024 — a 22% YoY distribution growth, according to NielsenIQ.

Sebi has sent a demand notice to Pradeep Baijnath Pandya, who was anchoring stock market shows on a television channel, and seven other entities for failing to pay Rs 2.83 crore fines that have been imposed in connection with fraudulent trading activities.