Latest Stock Market News

Jindal Stainless on Monday said it will manufacture customised stainless steel and speciality low-alloy steel sheets for defence projects of BrahMos Aerospace.

RBI on Monday said that public deposits accepting HFC can renew deposits after 12 months or more but not later than sixty months. It has allowed existing deposits with maturities above sixty months shall be repaid as per their existing repayment profile.

After the initial drop on Monday, some Adani stocks recovered later in the day. Adani Wilmar, Adani Total Gas, and Adani Energy Solutions ended about 4% lower, while NDTV, Sanghi Industries, and Adani Port fell between 2% and 3%.

The unit closed at 83.9725 as against its last close of 83.955, LSEG data showed. The currency was trading in a tight range of 83.95 and 83.97. At the beginning of 2024, the rupee was trading at 83.2375.

Hindenburg Research alleged that Madhabi Puri Buch and her husband had stakes in an obscure offshore fund, IPE Plus, that had been part of a complex, nested structure used by Vinod Adani, brother of billionaire Gautam Adani.

The board of directors, at its meeting held on August 7, 2024, had proposed to seek an approval from the members to raise or borrow funds by way of issuance of unsecured non-convertible debentures, bonds or other instruments, listed or unlisted, on private placement basis for an amount not exceeding Rs 3,000 crore, Godrej Industries said in a postal ballot notice shared on the BSE.

Vodafone Idea reduced its net loss to Rs 6434.4 crore in Q1 FY25 from Rs 7675 crore in the prior quarter. Operating costs remained stable, but the company continued to lose customers. Revenue dipped slightly, and the subscriber base decreased. However, the 4G subscriber count saw a minimal increase.

Indian blue-chip indices closed slightly lower on Monday, with the S&P BSE Sensex down 0.07% and the NSE Nifty50 below 24,350. The Nifty’s near-term trend remains choppy; key resistance is 24,400-24,500.

Wall Street opened higher on Monday as indexes add to their recovery from a hammering early last week, with investors gearing up for a deluge of data including U.S. consumer prices.