Latest Stock Market News

The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.

A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. In this case, the clients would have their funds in their bank account, earning interest on the cash balances.

The private sector lender had raised the funds at a coupon rate of 7.45%, debt capital market executives had said. The bond issuance had a base size of Rs 2,000 crore and a greenshoe option of Rs 2,000 crore.

Nike shares fell by about 6% in premarket trading after the company withdrew its annual revenue target, creating uncertainty over its turnaround strategy under new CEO Elliott Hill. Investors remain concerned as the company delayed its investor day, with no definite timeline for recovery provided.

Stocks remained steady as geopolitical tensions in the Middle East lifted oil prices nearly 3%. Safe havens like government bonds and the dollar gained ground. U.S. job market data suggested a smaller Fed rate cut while Euro inflation trends indicated possible ECB easing this month.

CEREBRAS-IPO/ (UPDATE 3)UPDATE 3-Cerebras reveals revenue surge in US IPO filing, aims to challenge Nvidia in AI chip market

Indian market closed in the red for the third consecutive day in a row on Tuesday. Benchmark indices closed flat with a negative bias.

Adani Group merged two subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, with Adani New Industries Limited. The subsidiary focuses on low-carbon projects such as green hydrogen, wind turbines, and solar modules. Key parts production like solar glass and aluminium frames is underway. TotalEnergies holds a 25 percent stake in ANIL.

Sebi introduces measures to curb speculative trading in derivatives, including increased contract sizes and upfront premium collection, aiming to protect investors while potentially limiting trading flexibility and broker revenues.

Non-Performing Assets (NPAs) are past due debts. As Q1 FY25 results are near, investors should track NPAs. Many banks, like Canara and Federal Bank, reported declines.