Latest Stock Market News

Gold prices fell on Friday, heading for their biggest weekly drop in over three months, impacted by a stronger dollar. Investors are closely monitoring U.S. inflation data for signals on the Federal Reserve s policy. Spot gold was down 0.1%, while U.S. gold futures slipped 0.3%. This marks a 2% weekly decline, ending an eight-week winning streak.

TCS Share Price: The Nifty IT index fell by more than 4%, led by a nearly 6% drop in Tech Mahindra. Mphasis, Persistent Systems, Wipro, LTIMindtree, and Infosys declined by 4-5%, while TCS, HCL Tech, and Coforge saw losses of 3-4%.

In response to market conditions, GREED & Fear has made adjustments to its India long-only portfolio. The changes include a 4% investment in InterGlobe Aviation (IndiGo airlines), funded by the removal of Coal India and a one-percentage-point reduction in its stake in Thermax.

A shift above the VWAP suggests a potential bullish trend, according to StockEdge.com s technical scan data.

Axis Securities recommends buying DOMS Industries with a target price of Rs 3080. The company, known for stationery and other products, reported a quarterly income of Rs 507.33 crore and a net profit of Rs 54.28 crore. Strategic expansions and a partnership with FILA are expected to drive future growth.

The stock markets are showing early signs of recovery, driven by positive high-frequency data such as electricity consumption and logistics improvements.

Sandip Sabharwal analyses the surprising de-linkage of Indian markets from global trends despite no major events causing the fall. He highlights the recent sell-off in several market segments and shares his investment strategies focusing on large caps, NBFCs, and midcap construction infra companies.

Investec, Jefferies, and Nuvama have retained Buy ratings on UltraTech Cement, Apollo Hospitals, and Crompton Greaves Consumer Electricals Ltd, respectively, indicating strong upside potential for each stock.

Polycab India share price: The recovery followed a sharp selloff on Thursday, triggered by HSBC cutting target prices for major wires and cables companies by as much as 23%. The downgrade was attributed to UltraTech s Rs 1,800 crore investment, which was seen as an "industry-fragmenting" event potentially impacting long-term earnings growth for existing players.

Coal India share price: Brokerage JP Morgan maintained a "neutral" rating on Coal India but raised its target price to Rs 420 from Rs 395, citing the recent fuel supply agreement (FSA) price hike as a key positive. The updated target suggests a potential upside of around 11.7% from the stock s current levels.