Latest Stock Market News

Regulator Sebi on Monday barred eight entities from the securities market and impounded illegal gains of Rs 4.82 crore made from their alleged front-running activities.

The Reserve Bank of India (RBI) announced measures to inject Rs 1.5 lakh crore into the banking system, including bond purchases and auctions. These steps are seen as increasing the likelihood of a rate cut in February, improving liquidity conditions, and easing 10-year government bond yields.

Bajaj Housing Finance, a non-deposit taking housing finance company, reported a 25% year-on-year rise in the third quarter net profit at Rs 548 crore as compared with Rs 437 crore in the year-ago period.

Indian Oil Corporation reported a 64% year-on-year drop in quarterly profit on lower refining margins, higher inventory and forex losses, and mounting losses on the sale of cooking gas. The company’s shares fell on Monday after the earnings were released, closing 3% lower.

India’s stock market faces a tug-of-war between bulls and bears, with foreign outflows countered by domestic buying. Key triggers include Q3 earnings, global cues, and the upcoming Union Budget. Stock-specific strategies are crucial in navigating volatility.

Selling pressure was observed in metal, technology, oil & gas, utilities, and power stocks.

Gold prices slipped Rs 100 to Rs 83,000 per 10 grams, bringing an end to its eight-day rally in the national capital on Monday, amid a weak global trend, according to the All India Sarafa Association.

The third-quarter results of India’s Big 4 private banks—HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank—highlighted their diverse strengths and strategies. ICICI Bank stood out as the overall leader, while others excelled in specific areas like deposit growth.

Bitcoin fell below $100,000 on Monday, hitting its lowest in 11 days, in a move analysts attributed to a wave of caution after the surging popularity of a Chinese artificial intelligence model sparked a selloff in Western AI-related stocks.