Latest Stock Market News

The Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy.

The Securities and Exchange Board of India (Sebi) plans to create a new system to speed up approvals for initial public offer(IPO). In this proposed system, the regulator plans to create a template where IPO-bound companies would need to just fill in the blanks to get the go-ahead for the issue.

Shares of Amazon.com fell nearly 10% on Friday after the company reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper options for purchases.

Short covering signals a shift from extreme bearishness to bullishness.

Nifty on Friday ended 293 points lower to form a reasonable negative candle on the daily chart, indicating a short-term top reversal pattern for the index at the new high of 25,078 level.

Raising the red flag over the heightened retail frenzy in the zero-sum game of options trading, markets regulator Sebi’s whole-time member Ananth Narayan on Friday pointed out how some traders are treating expiry day trading as playing in a casino for a jackpot.

The revenue from operations stood at 11,263 crore, which was higher by 9.3% versus Rs 10,306 crore reported by the company in the corresponding quarter of the last financial year.

The domestic market saw a broad sell-off today. The Nifty50 fell 1.2% to 24,717, and the Sensex dropped 1.1% to 80,982.

Indian benchmark indices declined on Friday, weighed down by losses in metals and IT stocks, following a global market sell-off. Despite this drop, seven large and midcap stocks from the Nifty200 index achieved new 52-week highs during the trading session.

Google-parent Alphabet cut its stake in cybersecurity company CrowdStrike, according to a regulatory filing on Friday, much before a global outage last month triggered by a software update.