Latest Stock Market News

A 52-week high is a key metric for traders and investors, indicating a stock s peak value over the past year. It helps assess the stock s market position and provides insights into its future growth potential.

Delhivery Q3 Results: Delhivery posted a 114% YoY rise in Q3FY25 net profit to ₹25 crore, marking its third consecutive profitable quarter. Revenue grew 8% YoY, driven by strong growth in Part Truckload and Supply Chain Services despite a slight EBITDA decline.

Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish engulfing pattern. Immediate support lies at 23,430, while key resistance is at 23,800. Given the strong weekly structure, traders should adopt a buy-on-dips approach, said Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

Indian markets closed lower as RBI’s rate cut hit financial stocks. Metal stocks surged, while Bharti Hexacom, Trent, and Bharti Airtel gained on strong earnings. NCC, Sonata Software, and Cochin Shipyard shares declined on weak results.

Manish Sonthalia of Emkay Investment Managers discusses tax savings boosting consumer discretionary stocks and opportunities in IT, pharma, and financials amid rupee depreciation.

Ola Electric shares: Ola Electric’s stock fell 4.9% as Q3FY25 losses widened to ₹564 crore due to declining revenue and rising costs. Sales volumes dropped, and EBITDA margins weakened, despite market leadership. The company aims for profitability through cost optimization and new product launches.

Religare stake acquisition: The Supreme Court was hearing two pleas—one filed by Florida-based Gaekward and the other by REL minority shareholders—seeking a stay on the company’s 40th AGM scheduled for today.

Indian state-run companies are set to borrow nearly $2 billion via the bond market early next week after the central bank cut interest rates for the first time in nearly five years.

The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a trade war and foreign portfolio outflows persisted, pushing the rupee to its lifetime low past the 87 handle.

Stock Market Highlights: Indian benchmark indices ended in the red on Friday, dragged down by interest rate-sensitive financial stocks, after the Reserve Bank of India (RBI) slashed interest rates for the first time in nearly five years, as was widely expected, to revive economic growth.