Latest Stock Market News

Retail traders suffered substantial losses of Rs 52,000 crore in the derivatives market in FY24, leading SEBI to propose a seven-step plan to mitigate risks. Experts worry these regulations could increase hedging costs and push traders to other markets. The industry seeks a balanced approach to regulation without stifling market freedom.

Akums Drugs & Pharma share allotment has been finalised. Shares will be out on August 6. The IPO was subscribed 63.5 times. Proceeds will address debt, working capital, and growth initiatives. Despite impressive revenue growth of 14% in FY24, the profit after tax saw a notable decline.

Gold and silver futures showed price volatility amid geopolitical tensions and mixed U.S. economic data. Gold futures posted slight gains, while silver futures saw more significant increases.

The Indian market experienced a significant decline on Friday, with the BSE Sensex falling 814 points and Nifty50 down 282 points. Analysts identified crucial support and resistance levels, suggesting trading strategies for stocks like HDFC Bank and Bata India. Expert recommendations included specific targets and stop-loss levels for various stocks.

​The good news is that the Indian economy is not as export dependent as the East Asian companies, China or what have you, so it is less dependent on global growth, but it is not completely independent.

​On August 1, the closing prices of three stocks in the Nifty500 index increased by over 1.5% relative to the VWAP (Volume Weighted Average Price).

On August 1, three stocks with market caps over Rs 10,000 crore appeared in the "White Marubozu" bullish scan, indicating a strong upward trend.

On the technical charts, the 200-day moving average of the stock stood at Rs 3903.31.

A total of 2,063 shares changed hands on the counter till 11:06AM (IST)