Latest Stock Market News

ICICI Securities has issued a reduce call on Torrent Power Ltd. with a revised target price of Rs 1,165 due to its subdued Q3FY25 results. Despite the company showing a YoY rise in revenue and net profit, the current stock price is believed to factor in all the potential upside. Promoters hold a 51.09% stake.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

Asian Paints shares have been consolidating at around Rs 2,277 after a sharp decline from its peak. Analysts believe the stock is forming a base for a potential reversal, reinforced by a double bottom pattern and improved price action. A breakout above Rs 2,420 could signal an upward move to Rs 2,700.

Bharti Airtel s Q3 net profit surged to Rs 14,781 crore, with an adjusted PAT growing 121% YoY to Rs 5,514 crore, surpassing estimates. Operating revenues rose 19% YoY to Rs 45,129 crore, driven by strong performance in India and Africa. The consolidation of Indus Towers further boosted earnings.

ITC reported a 7% decrease in net profit for Q3 of FY25, despite an 8% rise in revenues. The company saw revenue growth in its cigarette, hotel, FMCG, and agri-business segments, but faced challenges in the paperboard segment with low-priced competition.

JM Financial maintains a buy call on Tata Power with a target price of Rs 456. Tata Power reported consolidated revenue of Rs 154 billion and EBITDA of INR 31bn led by regulatory upside in Mundra. The company is well-positioned for growth in transmission, distribution, renewable business, and hydro storage.

The S&P 500 and Nasdaq ended higher with boosts from gains in Nvidia and Eli Lilly, while the Dow dipped slightly after a volatile session. Investors focused on earnings reports, with Amazon’s anticipated results and Friday’s key jobs report. Market reactions included significant moves for companies such as Philip Morris International, Honeywell, Skyworks Solutions, and Qualcomm.

Gold prices steadied near record-high levels on Friday due to trade war concerns. They were set for a sixth consecutive weekly gain. Focus is on the U.S. employment report for economic cues. Gold remains a safe investment during turmoil, but higher interest rates could reduce its appeal. Other precious metals showed mixed trends.

The Bank of Japan is likely to raise interest rates this year, reaching neutral levels by 2027 according to the IMF. Japan’s economy is expected to expand by 1.1%, driven by rising wages. The IMF supports the BOJ s gradual rate hikes but stresses the need for fiscal reforms and reducing the deficit to manage national debt.