Latest Stock Market News

Japanese stocks saw a strong recovery on Tuesday following a major drop the day before. Investors reassessed recession fears and equity values, driving the Nikkei index up by 8%. Government officials met to calm markets while big name technology shares led the price rebound. Analysts caution against prematurely stepping back into the market.

As of 30-Jun-2024, promoters held 44.78 per cent stake in the company, while FIIs held 27.41 per cent and domestic institutional investors had 10.36 per cent.

A total of 2,788 shares changed hands on the counter till 11:47AM (IST)

The operator of Copper Chimney, Bombay Brasserie, and The Irish House outlets hires Kotak Mahindra Capital, ICICI Securities to manage offering likely to be made early 2025

(Punjab National Bank) PNB Share Price: A total of 968,709 shares changed hands on the counter till 10:25AM (IST)

Shares of FMCG firm Marico, known for Saffola and Parachute, fell over 4% on Tuesday due to political turmoil in Bangladesh, where it earns 11-12% of its revenue. Despite this, Marico’s long-standing presence in Bangladesh suggests that the current challenges will have a limited impact on its competitive position.

Bulkcorp International listed its shares on the NSE SME platform at a 24% premium, starting at Rs 130 compared to the Rs 105 issue price. The IPO, involving the sale of 19.78 lakh shares, was highly successful with over 200 times subscription. Raised funds will address capital expenditure and other corporate needs.

Unicommerce Esolutions opened its IPO for subscription, presenting an OFS of up to 2.56 crore shares with a price band of Rs 102-108 per share. Analysts recommend this high-priced offering primarily for aggressive investors seeking listing gains. Notably, the company will not receive any proceeds from this IPO as it is entirely an offer for sale.

A long buildup occurs with rising open interest, trading volumes, and stock prices, indicating bullishness. On Tuesday, five stocks saw new long positions.

We have long been in the camp and I particularly continue to believe this myself that we are going to have what we call a bumpy landing, not necessarily a hard landing, kind of a deep recession of the sort that the US usually has because there are a lot of things at play here that have been quite a bit different than a conventional cycle, not just the fiscal and the public debt, but also that obviously we are coming out of a pandemic, we are coming out of a wartime shock