Latest Stock Market News

NBCC Share Price: Shares of NBCC (India) surged 6.25% on BSE as the stock trades ex-bonus for the 1:2 bonus issue. The company fixed October 7 as the record date, making shareholders listed by today eligible for bonus shares. In the last year, NBCC stock has gained 186%.

Gold prices achieved significant gains this year, almost 20% domestically and 30% internationally. Key factors influencing these prices include central bank buying, global economic conditions, the dollar index, economic data, and geopolitical tensions. The use of the RSI indicator is recommended for trading Gold effectively. Gold continues to be a popular investment, especially during economic slowdowns and crises.

Promoters held 23.74 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 56.98 per cent and 12.19 per cent, respectively.

Invesco, JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings are among those viewing the recent rebound with skepticism and waiting for China to back up its stimulus pledges with real money.

Shares of Bajaj Housing Finance fell 5% in intraday trade due to HSBC’s ‘reduce’ rating and Rs 110 target price, citing earnings slowdown and valuation concerns. HSBC noted potential pressure on RoA and slower AUM growth for the stock. They suggest alternatives among other NBFC peers with higher ROE and stable growth outlook.

Gold prices in India are at their highest ever, driven by geopolitical tensions and increased demand during the festive and wedding season. The market predicts a possible correction, suggesting investors wait for more favorable prices. Currently, high prices and a strong international market make buying less attractive.

ICICI Securities has buy call on Signature Global with a target price of Rs 1,905. The current market price of Signature Global is Rs 1,524.55.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment.

Sandip Sabharwal notes a foreign investor-led selloff and identifies potential buy zones in largecap stocks like L&T, Reliance, and ICICI Bank. He highlights mixed business updates in the banking sector and a slower-than-expected recovery in consumer names. He also addresses financial stresses, inflation pressures, and the need for fiscal and monetary interventions to support the economy.

A total of 1,755 shares changed hands on the counter till time (IST).