Latest Stock Market News

Hero Motocorp is currently trading at 5311.85 and has recently reversed from a support trend line. This bullish reversal was supported by high trading volumes, indicating strength in the upward movement.

Over the past two months, markets have been highly volatile, driven by a series of negative events—from election results and the budget to geopolitical tensions between Iran and Israel, and now concerns around the yen carry trade.

Oil prices declined on Tuesday, ending a five-day surge, as OPEC cut its 2024 demand growth forecast due to weaker expectations in China. Brent crude dropped to $81.89 per barrel, and U.S. crude fell to $79.63 per barrel. Market attention also turned to Middle East tensions and the upcoming U.S. inflation report.

Stocks that were in focus include names like Voltas, which rose 10.69%, RVNL, which jumped 11.16%, and MapMyIndia, whose shares increased 3.75% on Monday.

The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Dividends are paid to shareholders listed in the company’s records on the record date. To be eligible for dividends, shares must be purchased at least one day before the ex-date, as transactions settle the next day. However, those who buy shares on the ex-date will not qualify for dividends

Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results

Muthoot Microfin is in advanced talks with European investors to secure $50 million in external commercial borrowing, aiming to lower costs and pass on interest rate benefits to customers at the bottom of the pyramid. CEO Sadaf Sayeed expects the borrowing to be completed in three tranches by September. The lender raised $113 million this year from overseas investors and plans to further reduce operating expenses and average cost of funds in the coming quarters.

The Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India. Some Russian financial institutions earlier sounded out RBI on a mechanism to let them use rupees lying in special accounts in India, for investment in stocks and securities here.