Latest Stock Market News

Multi-cap mutual funds invest in large-, mid-, and small-cap stocks, and mandate 65% of corpus in equity and equity-linked instruments. It offers the advantages of all three categories of stocks, offering moderate risks. Returns on five multi-cap mutual funds have beaten inflation, according to a list compiled.

Sectorally, buying was seen in realty, auto, and healthcare stocks, while selling was visible in IT, metals, and oil & gas stocks. Stocks that were in focus included names like Sharda Cropchem, which saw a massive increase in volumes to close with gains of over 10%, Mazagon Dock Shipbuilders closed with gains of over 4% and Bharat Dynamics hit a fresh 52-week high on Tuesday.

RIL, Nestle among top Nifty stocks trading at premium over historical averages

Tata Technologies, a unit of Tata Motors, is expected to list its IPO in five to six months. In the unlisted market, shares are trading at around Rs 850. Analysts expect the stock to list at a premium and currently predict a bump of between 20% and 30%.

The SEC has charged Coinbase with operating an unregistered national securities exchange, broker, and clearing agency, as well as failing to register the offer and sale of its staking-as-a-service program. The complaint claims Coinbase has made billions unlawfully since at least 2019 by facilitating the buying and selling of crypto securities without proper registration.

Dow falls 15.19 points; S&P 500 opens lower by 2.45 points and Nasdaq drops 29.84 points

Shares of cryptocurrency and blockchain-related companies fell before the opening bell on Tuesday after the US Securities and Exchange Commission sued Coinbase and Binance, accusing them of operating illegally. The lawsuit against Coinbase alleges it has operated since 2019 as an unregistered broker, evading disclosure requirements. Shares in Coinbase fell 16%, while Bitcoin also fell. Bitfarms dropped 4.5%, and crypto miners Riot Platforms, Marathon Digital and Hut 8 Mining fell between 1.3% and 5.4%

The Nifty Realty index was trading 0.31 per cent up at 494.1.

ICICI Securities warns that investors are increasingly willing to take higher risks for lower returns as the Nifty approaches record highs. The shift from abnormally low interest rates to normal levels may limit equity returns from risky assets. The brokerage firm predicts a modest 8% upside from the current levels, with SBI, Bharti Airtel, and BHEL among its top picks. Despite this risk, ICICI Securities notes that the earnings outlook has improved, citing the Q4FY23 earnings season, which saw a significantly higher number of beats and in-line results as compared to misses.

The National Stock Exchange (NSE) has suggested the exclusion of non-F&O stocks from the Nifty Next 50 index to improve the ease of replication for passive funds. The Nifty Next 50 represents 50 stocks from the Nifty 100 index after excluding the standard Nifty 50 stocks.