Latest Stock Market News

India’s third largest IT company by way of market capitalisation, HCL Technologies is expected to report revenue growth at 7.1%-9.2% on a year-on-year basis for the quarter ended September 30, 2024. Estimates by five brokerages peg revenue figures between Rs 26,672 crore and Rs 28,710 crore in Q2FY25.

Mukesh Ambani-led Reliance Industries (RIL) is likely to report muted earnings for the second quarter, hurt by weakness in the O2C (oil-to-chemicals) segment. The company will declare its results on October 14.

“Liquidity from the domestic investors remains super strong, macros are robust, earnings season is just starting, and rate cuts are going to happen sooner than later,” says Devang Mehta, Director – Equity Advisory, Spark Capital Private Wealth Management.

Nifty Bank and Nifty weeklies cater to different types of traders. While Nifty is a broad market benchmark, Nifty Bank is a sectoral index and has the least number of constituents and a lower lot size making it the most volatile of the two

Silver is a key component in photovoltaic cells used in solar panels, and with the global push for renewable energy, this demand is expected to continue rising. As nations like India and China expand their clean energy infrastructure, silver’s industrial use becomes even more crucial

The redemption price will be in Indian Rupees based on the simple average of closing price of gold of 999 purity of previous 3 working days published by IBJA. The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value

Indian equity indices ended lower after a volatile session on October 11, with the Nifty closing below the 25,000 mark. The Sensex declined by 230.05 points or 0.28% to close at 81,381.36, while the Nifty shed 34.20 points or 0.14% to end at 24,964.30.

The psychological support of 25,000 was breached on a closing basis for two consecutive days, which indicates that the weakness is likely to continue, Tejas Shah, Technical Research at JM Financial & BlinkX said. At the current juncture, the bears are in full control of the markets and are using every pullback rally to create short positions, he said.

The Nifty remained range-bound in the past week, with a minor weekly loss of 50.35 points (-0.20%). Volatility also tapered down, with the India VIX falling 6.42% to 13.22. The trading range narrowed to 539.70 points. The coming weeks are crucial for the markets due to the discontinuation of weekly contracts for NIFTY Bank and FINNIFTY starting November 20.