Latest Stock Market News

Bitcoin s market capitalization dropped to $1.679 trillion, with its dominance at 59.73%. Its 24-hour trading volume fell by 15.85% to $67.18 billion, with stablecoins making up $146.59 billion, or 95.08%, of the total volume, according to CoinMarketCap.

The Nifty Bank index was trading 0.61 per cent up at 48902.95.

January and February have seen a sharp correction in both the schemes in line with the broader markets. While the indices may not have fallen as much, our schemes do not index hug and invest in the broader market and consequently have corrected more than the headline indices

Dhananjay Sinha of Systematix Group believes the premiumisation trend in the auto sector has peaked due to higher average selling prices and increased credit inflow. He predicts a slowdown in demand for premium vehicles, but sees potential in two-wheelers like Bajaj Auto and Maruti due to income effects from tax breaks and future Pay Commission benefits.

The Indian market is expected to open higher on Thursday following positive global trends. Analysts recommend a broader trading range for Nifty between 22,000 and 23,000 zones while suggesting stock buys for companies like Colgate Palmolive, Bharti Airtel, and Ashok Leyland.

Muthoot Finance shares rose 2.6% after receiving RBI approval to open 115 new branches. The gold loan-focused NBFC reported a 26% YoY growth in net profit for Q3, with revenue from operations surging 36%. The company s highest-ever consolidated loan assets under management reached Rs 1.11 lakh crore as of December 2024.

Oil prices rebounded slightly after President Donald Trump reversed Chevron s license to operate in Venezuela, affecting a quarter of the country s oil exports. Market reactions were also influenced by potential U.S. Strategic Petroleum Reserve purchases amid ongoing Russian-Ukraine peace talks.

Jim Rogers owns both gold and silver. He prefers silver over gold due to its lower price and industrial demand