Latest Stock Market News

Vivek Bhutoria of Federated Hermes is closely monitoring upcoming Indian federal budget and central bank rate decision to assess the impact on Indian stocks. Despite current challenges like slowing growth, tight liquidity, and weak earnings, potential fiscal measures and monetary easing could stabilize the market.

Benchmark indices Sensex and Nifty closed higher for the third consecutive day on Thursday due to buying in heavyweight stocks like Nestle India, IndusInd Bank, and Bajaj Finance. Technical analysts recommend holding Nestle India and Bajaj Finance, while advising investors to exit IndusInd Bank.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

​As I said earlier that this correction would actually take a bit longer to sort of come back because this is accompanied by earnings decline. So, we have to see the earnings declines through and then, we will see a achhe din for markets overall.

Investors looking to qualify for dividend payouts from 8 companies, including Mahanagar Gas Ltd and Garden Reach Shipbuilders & Engineers, need to purchase shares before the ex-date of February 3. Companies such as Godrej Consumer Products and The Great Eastern Shipping Company have announced interim dividends, making this an important date for income-seeking investors.

HM Electro Mech shares are set to debut on BSE SME with an 8% premium. The IPO, priced at Rs 75, was oversubscribed 91 times. The company focuses on turnkey projects in pumping machinery and has diversified into electrification and EPC projects.

Dabur’s Q3 consolidated profit rose 1.8% YoY to Rs 515.82 crore, with revenue growing 3% YoY to Rs 3,355.25 crore. The company’s rural distribution network expanded significantly, leading to higher growth in rural areas. Brokerage firms Morgan Stanley and JP Morgan have maintained cautious views, citing inflation and challenges in the Healthcare and Beverage segments.

Last year, Sebi came out with rules which mandated that any person providing advice directly or indirectly on securities has to first register with it.

Cremica Foods is among at least half a dozen companies in the consumer space that have either filed for a stock market listing or are in the process of finalising plans for doing so. They include premium alcohol importer Monika Alcobev, Wai Wai noodle maker CG Foods, B9 Beverages, Wow! Momo and Ganesh Consumer.

Shares of Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta and Marico will be in focus as the companies will announce their third quarter results today.