Latest Stock Market News

U.S. stock indexes were mixed at the open on Friday, as traders kept bets on a 25-basis-point Federal Reserve rate cut in November intact after producer prices data, while a slump in Tesla shares dragged on the Nasdaq.

Snapping a three-day losing run, gold of 99.5 per cent purity bounced Rs 1,150 to Rs 78,100 per 10 grams. The yellow metal had finished at Rs 76,950 per 10 grams in the previous close.

Capital markets regulator Sebi has asked the exchange BSE to not proceed with Trafiksol ITS Technologies listing amid serious concerns over misuse of the net proceeds received from the IPO.

The Sensex fell 230 points on Friday, closing at 81,381. Despite this, eight BSE 200 stocks hit their 52-week highs, suggesting strong performance and potential for future growth.

Nifty formed a small negative candle, indicating continued narrow range movement. The underlying trend remains choppy. Support at 24,920 and 24,750. Resistance at 25,000-050 and 25,250-275. Bears are in control, using pullback rallies to create short positions.

Realty firm Arkade Developers Ltd, which got listed on the stock exchanges recently, has reported a more than four-fold jump in its consolidated net profit to Rs 30.21 crore for the first quarter of this fiscal year. Its profit stood at Rs 6.57 crore in the year-ago period.

Indian benchmark indices ended Friday in the red, registering their third straight loss dragged by auto and bank stocks.

Short covering occurs when traders buy back previously sold short shares, often leading to a price increase. Five stocks saw short covering on Friday, resulting in a decrease in open interest.

Cryptocurrency markets edged higher on Friday, supported by expectations of a Fed rate cut and awaiting PPI data. Bitcoin was up 0.2% at $60,898, and Ethereum gained 1.3% to $2,412.

Headline equity indices Sensex and Nifty50 ended lower on Friday, dragged down by losses in banking, auto, and IT major Tata Consultancy Services (TCS), which posted a weaker-than-expected quarterly profit.