Latest Stock Market News

We need to understand Japan peaked out in 1989 and their stock market is on nominal terms about still 33% below the levels they touched in 1989.

Indiabulls Housing Finance and Manappuram Finance are among the stocks in future and options (F&O) ban for trade. India Cements exited the ban after three sessions. The ban can be reinstated if the open interest (OI) surpasses 95% of the market-wide positions limit and ends once it falls below 80%. The two recently banned stocks will still be available in the cash market. The S&P BSE Sensex and Nifty50 broke their four-session gains. Technical analyst Rajesh Bhosale advised that prices may decrease to Rs. 18,500 if profits are further booked.

Indian markets are expected to consolidate on Friday. The S&P BSE Sensex fell by 300 points while the Nifty50 slipped below 18700 levels. However, India VIX was down by 1.60%, and the volatility was low, comforting the bulls. The potential broader trading range is estimated to be within 18,450 to 18,900 zones, while the immediate trading range is forecasted between 18,550 to 18,800 zones. Various experts have listed different stock options for traders with a short-term trading horizon, including sell targets for TCS and Kotak Mahindra Bank and buy targets for Power Grid, HDFC Bank, Maruti Suzuki, Havells India, ICICI Bank, NTPC, and Tata Chemicals.

Fifteen companies, including Voltas, Solar Industries and Asian Paints, among others, turned ex-dividend on June 11. These companies had earlier announced the record date for eligibility of shareholders to receive dividends. Stocks of companies trade ex-dividend on or a day before the record date. Moreover, nine other stocks, including Caplin Point Laboratories and Cigniti Technologies, among others, announced dividends of various amounts per share for their shareholders.

In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks crossed their previous 5-year high value at the close on June 8.

The Relative Strength Index of the stock stood at 66.07 on Friday.

The Reserve Bank of India (RBI) has given Indian urban cooperative banks more regulatory flexibility by extending the meeting deadline for their priority sector lending targets and providing rewards for those that already meet them. RBI has decided to expand the scope of the framework for resolution of stressed assets so that compromise settlements and technical write-offs can be executed to resolve non-performing assets which was an option only for the commercial banks.

While it has no specific date in mind for a full-fledged launch of the CBDC, the central bank will take a measured approach, it said. The RBI also has plans to make the united payments interface (UPI) platform fully interoperable with the CBDC.

The Reserve Bank of India (RBI) has implemented new regulations governing one-time settlements (OTS), simplifying instructions across all regulated entities. Under the guidelines, the RBI calls for regulated entities to establish board-approved policies to set out the procedure, precedent and a graded framework for staff accountability. The authority responsible for settling must be at least one level higher than the body responsible for sanctioning the loan, and no approval will go to an official that was part of the loan sanctioning process.

“We have received comments from stakeholders which are being evaluated. Some more work is to be done. At this point of time it will not be correct to infer that (June) 30th will be the date when it will be launched,” deputy governor M Rajeshwar Rao, who is in charge of regulations said.