Latest Stock Market News

Hardik Matalia of Choice Broking warns that if the Nifty breaks below the crucial 23,000 support level, it could fall further to 22,500. To negate the current bearish sentiment, the index needs a decisive close above 23,500. Key resistance levels to watch are 23,300 and 23,500.

KFin Technologies Ltd on Thursday reported a 35 per cent year-on-year surge in profit after tax to Rs 90.18 crore for three months ended December 2024.

Puma shares slid more than 18% on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a drop in annual profit, raising questions about its ability to compete against bigger rivals Adidas and Nike.

Syngene reported 18% YoY growth in Q3FY25 net profit. Revenue rose 11% YoY. EBITDA margin improved to 31.4%. Company expects single-digit revenue growth and flat profit after tax for FY25.

EPack Prefab Technologies has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO).

​So, banks are cheap. And second is, at these valuations, a lot of bad news is priced in. So, as we see growth coming back, as we see things recovering, then I know banks is one sector which will do well.

European shares were flat on Thursday, hovering below a record high touched in the previous session, as a drop in technology shares offset gains in telecom and utilities, while investors assessed a mixed set of corporate earnings.

IREDA shares were trading 1.5% lower at Rs 197.20 on the BSE following the announcement. The stock has experienced notable fluctuations, dropping nearly 27% over the past six months but rising over 32% in the last 12 months.

The company reported a 10.5% YoY and 9% QoQ growth in its domestic sales volume. Additionally, trade volume increased by 12.5% YoY, while rural sales volume rose by 13% compared to Q3FY24.

Reliance Jio has launched JioCoins, a blockchain-based digital token built on Polygon. JioCoins reward users for browsing via JioSphere and mark a step toward Web3 adoption, with regulatory implications under India’s cryptocurrency framework.