Latest Stock Market News

Even if the markets are consolidating, it is not as if that there is a dearth of opportunities. The markets are still providing a lot of opportunities for short-term traders.

Nifty is clinging on to a rising trend line support on the weekly charts. Meanwhile, on the daily chart, it is busy defending a head and shoulder pattern which can potentially turn bearish.

According to Peter Lynch, “If you are in the right sector at the right time, you can make a lot of money very fast”.

Tesla shares, whipsawed after co-founder Elon Musk asked Twitter users whether he should sell a 10% stake in the electric car firm, are in focus.

Ahead of its listing on Monday, the scrip was trading at a premium of Rs 220 apiece, which is about 135 per cent over its issue price of Rs 163.

Bitcoin-as-an-inflation-hedge arguments have been around since the token was created in 2009 following the great economic recession. The premise has gained momentum as prices on everything from food to gas to housing have advanced faster and been stickier over the past few months than many economists had anticipated.

The IPO of the fintech company had a relatively moderate response from investors as the offer was subscribed 2.03 times during October 28 to November 2.

ONGC has also declared an interim dividend of ₹5.50 per share.

Zomato’s share price rallied 9% on Friday to close at a record high of Rs 153 apiece. The company’s addition to the MSCI India Index could see an inflow of Rs 1,200 crore into the stock.

"We like the scalable and attractive financial profile of the company with a strong leadership team guiding capability development and go-to-market strategy," said a note by Hem Securities.