Latest Stock Market News

The Securities and Exchange Board of India (Sebi) has clarified that recent amendments to debt sale approvals do not necessitate board approvals for each bond issuance but require the board to be informed prior to opening the issue, addressing operational concerns from market players.

The S&P 500 and Dow closed at record highs, boosted by strong earnings from financial companies. JPMorgan Chase, Wells Fargo, and BlackRock led gains. Inflation data also supported expectations for a Federal Reserve rate cut in November. Meanwhile, Tesla shares slumped after unveiling its robotaxi without production details.

Investor attention will focus on U.S. consumer health next week, with earnings reports and retail sales data expected to confirm economic resilience. Key reports from major banks and companies like Netflix and American Express will provide insights into consumer spending, amidst economic optimism and stock market gains.

Rashesh Shah, Chairman of Edelweiss Group, reveals that his disciplined fitness regimen, starting as early as 4:45 AM, aids his mental clarity and stress management. Incorporating diverse workouts like swimming and cycling, Shah balances intense physical activity with rest. His commitment inspires a wellness-focused culture at Edelweiss, encouraging employees to prioritize health amid demanding careers.

U.S. stock indexes were mixed at the open on Friday, as traders kept bets on a 25-basis-point Federal Reserve rate cut in November intact after producer prices data, while a slump in Tesla shares dragged on the Nasdaq.

Snapping a three-day losing run, gold of 99.5 per cent purity bounced Rs 1,150 to Rs 78,100 per 10 grams. The yellow metal had finished at Rs 76,950 per 10 grams in the previous close.

Capital markets regulator Sebi has asked the exchange BSE to not proceed with Trafiksol ITS Technologies listing amid serious concerns over misuse of the net proceeds received from the IPO.

The Sensex fell 230 points on Friday, closing at 81,381. Despite this, eight BSE 200 stocks hit their 52-week highs, suggesting strong performance and potential for future growth.

Nifty formed a small negative candle, indicating continued narrow range movement. The underlying trend remains choppy. Support at 24,920 and 24,750. Resistance at 25,000-050 and 25,250-275. Bears are in control, using pullback rallies to create short positions.

Realty firm Arkade Developers Ltd, which got listed on the stock exchanges recently, has reported a more than four-fold jump in its consolidated net profit to Rs 30.21 crore for the first quarter of this fiscal year. Its profit stood at Rs 6.57 crore in the year-ago period.