Latest Stock Market News

The Indian rupee closed at 87.20/$1, recovering from an intraday low of 87.40/$1 due to RBI intervention. Asian currencies weakened as the U.S. dollar strengthened amid tariff uncertainties. Traders now await key U.S. economic data and Fed policy cues.

HSBC slashed target prices for top Indian wires and cables firms by up to 23%, citing competitive risks from UltraTech Cement’s unexpected entry into the sector. Polycab, KEI Industries, and R R Kabel saw the biggest cuts, impacting investor sentiment.

Sensex ended nearly flat on Thursday, rising just 10 points to 74,612. Despite this, eight stocks from the BSE Healthcare index hit 52-week lows, reflecting investor caution and potential concerns about sector-specific challenges.

When it comes to stock markets around the world, this year has clearly not been "America First." The US stock market has risen in 2025 and isn t far from its all-time high set last week. But it s climbed less than stock indexes in Mexico City, Paris and Hong Kong.

India s market regulator said it will allow asset managers with more than a three-year track record to offer a range of investment strategies under its newly created specialised investment fund (SIF) category, aimed at wealthier investors.

The Nifty Bank index closed 0.28 per cent up at 48743.8.

Indian markets closed mixed on Thursday, with Sensex gaining while Nifty50 ended flat. Telecom and metal stocks saw buying, while power, auto, and realty stocks declined. RR Kabel, Havells India, and Varun Beverages hit fresh 52-week lows.

Gold prices in New Delhi dropped by Rs 1,150 to Rs 88,200 per 10 grams, tracking global market trends. Silver prices also declined by Rs 1,000 to Rs 98,500 per kg. Market analysts suggest further weakness if key levels are breached. Investors are eyeing US economic data and Fed speeches for further cues on market direction.

Sensex and Nifty ended flat as gains in financial stocks offset auto losses. NBFC stocks surged, while wire and cable shares fell. SpiceJet, Waaree Energies declined despite positive earnings and regulatory concerns.

The Nifty Realty index closed 2.09 per cent down at 809.35.