Latest Stock Market News

Prices have shed 2.7% this quarter, dropping from levels just shy of all-time highs at $2,072 in May on U.S. banking jitters to below $1,900 on Thursday.

The penalty was imposed because the mining major made incorrect disclosures relating to its plan to enter the semiconductor business. Sebi found that Vedanta had made false representations in a press release on its letterhead, thereby misleading investors. Vedanta has 45 days to pay the penalty

Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission

​But there is a high volatility in the raw material prices in the last couple of years especially in case of spices, oilseed, or pulses. So at this moment, one should be using tactfully these future options which have been available on future exchanges.

U.S. airline stocks are set to have their strongest monthly performance since 2021, fueled by lower fuel prices and strong travel demand. Despite inflation and signs of a slowing economy, travel spending has rebounded and the number of Americans traveling by air during the Fourth of July holiday is expected to surpass previous records. The outlook for the summer months is optimistic, with a projected 1% increase in passengers compared to 2019. However, analysts expect air travel demand to moderate in the second half due to uncertainty and limited visibility.

The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.

The Nifty formed a long bull candle on Friday, closing at a lifetime high of 19,189. Chart readers suggest the index has been forming higher highs on a weekly scale and supports are shifting higher. The index needs to hold above 19,100 to extend the move towards 19,300 and 19,500.

On the technical charts, the RSI of the stock stood at 66.39.

Crossing the 50-day Simple Moving Average (SMA) is seen as a positive signal in the stock market, indicating potential short-term market sentiment and a bullish trend. Several stocks, including Aarti Drugs, Alkem Laboratories, ACC, Solar Industries India, Star Health and Allied Insurance Company, Mahindra Holidays & Resorts.

The Indian rupee ended the month of June with its highest gains since January, supported by strong foreign fund inflows into equity markets. The rupee closed at 82.0375 per dollar, rising 0.77% during the month. The inflows were driven by strong macroeconomic fundamentals and have propelled the stock markets to record highs. The rupee has also outperformed some of its Asian peers. However, analysts suggest that Indian importers should hedge their near-term foreign currency payments due to expectations of a stronger US dollar in the next quarter.