Latest Stock Market News

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Torrent Power share price: The company also experienced consistent revenue growth. For Q3 FY25, revenue from operations was Rs 6,499 crore, marking a 2% increase year-on-year from Rs 6,366 crore in Q3 FY24.

Motilal Oswal Financial Services has recommended a buy call for ACC with a target price of Rs 2400. ACC s revenue and profit have seen significant growth in the latest quarter. However, margins are expected to recover gradually. Promoters hold a 56.69% stake, with FIIs and DIIs holding 5.14% and 24.56%, respectively.

LIC adjusted its portfolio in Q3 FY25 by increasing its holdings in several prominent stocks. Major acquisitions include significant stakes in Bank of Maharashtra, Patanjali Foods, Cochin Shipyard, and Nestle India. LIC s share by value in NSE-listed companies slightly declined overall.

MTNL share price: MTNL has been grappling with a growing debt burden. As of August 30, 2024, the company s total debt amounted to Rs 31,944.51 crore. Recently, MTNL defaulted on a Rs 1,000 crore loan repayment to Bank of India and failed to meet loan installments totaling Rs 5,726.29 crore to several lenders.

​Also, largely the largecap stocks are reaching that reasonable valuation phase. There is still a lot of overvaluation in some of the midcap pockets, but I think that also will get corrected over time. So, we are not at the sweet spot as yet where valuations are mouthwatering and it is no brainer to go and buy stocks, but we seem to be getting over there.

Overseas funds have offloaded local shares for 22 consecutive trading days through Monday on a net basis, exceeding the previous streak from March 2020, according to Bloomberg data.

Gold April futures opened higher at Rs 84,118 per 10g, while silver traded flat at Rs 95,640/kg. Prices surged amid global uncertainty and trade war concerns. Gold hit a record $2,870/oz internationally. Analysts expect volatility, with key support and resistance levels identified.

Hero MotoCorp expects a slight rise in profit and revenues for Q3 despite stagnant volumes, primarily due to improved product mix and higher average selling prices. Revenue is projected to increase by 3% YoY, while PAT is expected to rise 2% YoY. EBITDA margins are anticipated to improve YoY but decline QoQ due to lower volumes and festive season discounts.

Emerging markets hold promise if global markets maintain stability. China is set for recovery by 2025, and foreign interest in India grows due to potential tariff advantages and manufacturing opportunities. However, the US trade tensions and Trump s policies could impact market confidence and lead to economic challenges, influencing investment flows.