Latest Stock Market News

The rupee, currently valued around 87-87.5, has depreciated to align with other global currencies. Foreseen measures from the Reserve Bank, including revised foreign currency deposit schemes and eased borrowing criteria, are expected to stabilize it. Market participants believe that further accommodative moves by the RBI in the upcoming policy will calm currency concerns.

Hexaware Technologies IPO: The IPO is a complete Offer for Sale (OFS), with promoter Carlyle selling its stake. After the IPO, Carlyle s ownership will decrease to 74.1% from the current 95%.

Page Industries share price:;Page Industries reported a 7.1% increase in revenue, reaching Rs 1,313 crore in the third quarter, while EBITDA surged by 33.6% to Rs 302 crore during the same period.

JM Financial has issued a buy rating for Sona BLW Precision Forgings (Sona Comstar) with a target of Rs 725. The company operates in the Auto Ancillaries sector with a market cap of Rs 31,140.36 crore. Despite a slight dip in quarterly income, strong EV growth, a robust order book, and revenue diversification support optimism for future growth.

Rajat Sharma, Founder & CEO of Sana Securities, is focusing on undervalued largecap stocks, specifically in the consumption and banking sectors. He highlights Asian Paints and HDFC Bank as key picks. Sharma expects a rate cut to benefit these sectors, despite challenges like high valuations and competition. Capex investments, however, appear less promising.

A White Marubozu is a bullish candlestick pattern in technical analysis

Higher household disposable incomes would drive consumption, increase household savings pools in some cases and some may choose to reduce debt.

U.S. stock indexes climbed on Wednesday as investors evaluated potential interest rate cuts despite Alphabet s disappointing cloud revenue. AI-related stocks like Nvidia and Broadcom rebounded, while AMD fell. The markets also anticipate January s nonfarm payrolls report and updates on U.S.-China trade tensions.