Latest Stock Market News

Pankaj Murarka believes the current bull market, though mature, remains robust. Comparing it to the 1999-2000 tech boom, he notes its aggressiveness and strong long-term growth potential despite recent pullbacks.

Over the past year, Bharat BPCL declared equity dividends totalling Rs 10.50 per share. At a share price of Rs 278.10, this results in a dividend yield of 3.78%. Since June 2001, Bharat Petroleum Corporation has announced 41 dividends, as per Trendlyne data, reflecting its consistent track record of rewarding shareholders over the years.

Varun Goel of Mirae Asset suggests the recent 10-15% market correction offers an opportunity to build medium-to-long-term portfolios. Focus on IT, pharma, chemicals, and consumption sectors while avoiding overvalued segments like PSUs and defense.

The survey revealed that 52% of managers expect fiscal deficit to remain below 5% of GDP, reflecting optimism about fiscal discipline. Most participants also anticipated higher government borrowing for FY25, indicating confidence in strategies aimed at supporting economic growth while maintaining fiscal prudence. This highlights a balanced outlook on growth and fiscal management among stakeholders.

Hudco Q3 Results: HUDCO plans to exit its 25% stake in Ind Bank Housing and increases its FY25 borrowing plan by 37.5% to ₹55,000 crore. Q3 net profit surged 42% YoY to ₹735 crore.

The hammer candlestick pattern indicates strong buying interest at lower levels, pointing to potential bullish momentum. The index held its key monthly support at 23,100, confirming its resilience. Immediate resistance is at 23,300, and a breakout could target 23,600 and 23,800 in the near term, said Mandar Bhojane, Research Analyst at Choice Broking.

Polycab India posted its highest-ever Q3 FY25 revenue of ₹5,226.1 crore, a 20% YoY growth, with PAT rising 11% to ₹463.3 crore. Strong performance across Wires, Cables, and FMEG segments drove growth.

Reflecting on 2024, Jafer emphasized the significant milestones in the crypto space, particularly Bitcoin surpassing the $100K mark and the total crypto market cap hitting record highs. The launch of spot Bitcoin and Ethereum ETFs played a key role in driving these achievements, attracting over $35 billion in net inflows and outperforming gold ETFs during their early years.

During Trump’s 2017-2021 tenure, Indian pharma equities faced challenges, including increased FDA regulatory actions that raised compliance costs and U.S. distribution channel consolidation that pressured margins. Major firms like Sun Pharma, Cipla, and Dr. Reddy’s, with significant North American exposure, were heavily impacted by these hurdles, affecting their profitability and market performance.

The government is not considering changes to capital gains tax for individual investors or HNIs, with plans to maintain the LTCG and STCG framework. While a simplification of the Income Tax Act is underway, any change to tax rates is unlikely. Experts suggest stabilizing LTCG norms could boost market participation and help the economy.