Latest Stock Market News

Standard Chartered s India profit before tax rose just 3% to $308 million in 2024, impacted by a 1.5x rise in provisions. Despite a 10% operating income increase, net interest income declined, while trading and fee income helped offset losses.

Gold prices retreated from the record high level in the national capital on Friday, declining by Rs 700 to Rs 88,750 per 10 grams due to weak demand from jewellers and stockists, according to the All India Sarafa Association.

Silver is expected to reach ₹1,17,000 in 12 months, driven by strong momentum despite a 41% surge since December 2022. Samco Securities highlights silver’s greed phase, lasting until April 2025, historically yielding higher returns than its fear phase.

Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing in domestic stocks.

Markets regulator Sebi on Friday tweaked the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhancing financial inclusion and financial literacy.

Meanwhile, the US dollar index, which gauges the greenback s strength against a basket of six currencies, was trading 0.04 per cent higher at 106.41.

The Nifty Realty index closed 1.27 per cent down at 844.5.

Monarch Networth Capital Ltd on Friday settled with markets regulator Sebi a case pertaining to alleged violation of stock brokers rule after paying Rs 11.37 lakh towards settlement amount. This came after the entity approached Sebi proposing to settle the pending proceedings "without admitting or denying the findings of fact and conclusions of law" through a settlement order.

Swasth Foodtech IPO: Swasth Foodtech India s SME IPO, open since February 20, was fully subscribed 3.92 times by February 23. The ₹14.92 crore issue closes on February 24, with listing expected on February 28. The company specializes in processing edible rice bran oil.