Latest Stock Market News

Gold prices have hit a new all-time high of Rs 83,800 per 10 grams in the national capital due to strong global trends. Silver also saw a significant rise, hitting Rs 94,150 per kg. Internationally, Comex gold futures reached USD 2,817.15 per ounce amid economic uncertainties and US Fed policy impacts.

The Nifty Pharma index closed 1.21 per cent up at 21419.65.

Rohit Muraka, stocks to buy, diversification, wealth creation, market conditions, tax cuts, sectors with growth potential, Description: Rohit Murarka, Business Head at Kotak Cherry, shares insights on Budget 2025, emphasizing asset allocation, diversification, and market stability. He highlights Nifty valuations, capital gains tax concerns, and growth potential in pharma and BFSI while advocating systematic investments.

L&T Q3 Results: The company reported consolidated revenues of Rs 64,668 crore in Q3FY25, up 17% YoY, driven by a strong order book and increased execution momentum in its Projects & Manufacturing (P&M) businesses.

A short buildup happens when open interest and volumes rise, while stock prices fall, indicating traders expect further declines. Five stocks showed significant short positions in Thursday’s trading session.

Kotak Institutional Equities reaffirmed a "buy" rating on Zomato, maintaining a target price of Rs 275, citing strong food delivery margins and Blinkit’s long-term profitability potential. Despite near-term pressures and Blinkit’s aggressive expansion, Kotak expects improvement in profitability by FY2026. The current stock price reflects overly pessimistic views, with an expected 26% upside potential.

Bharti Airtel’s Africa business posted an 11-fold profit surge to $169 million in Q3 FY25, aided by currency appreciation and lower finance costs. Revenue grew 2% to $1.26 billion, driven by strong customer additions. Airtel Africa announced a second $100 million share buyback.

The penalty was slapped on MOFSL after conducting an inspection for the period between April 1, 2021 and June 30, 2022.

Small and midcap stocks thrived in recent years, but earnings moderation and market correction signal a healthy adjustment.

Kenneth Andrade advises caution as markets consolidate post-pandemic. He highlights high valuations, slow corporate investment, and inflated small/midcap stocks. Investors should focus on long-term opportunities and avoid short-term speculation.