Latest Stock Market News

Markets regulator Sebi on Friday asked stock exchanges to develop web portals and create technology-based mechanisms to monitor and supervise the entire system audit lifecycle of a stock broker. The exchanges will monitor the process of carrying out a system audit of stock brokers through an online monitoring mechanism.

Bandhan Bank Q3 Results: Bandhan Bank’s Q3 net profit fell 42% YoY to ₹426 crore due to higher provisions and expenses. Fresh slippages in microfinance increased, though bad loan write-offs helped reduce NPA ratios. Operating profit rose 22%, but provisions surged 101%.

ONGC Q3 Results: Oil & Natural Gas Commission (ONGC) on Friday reported a 19% year-on-year fall in its December quarter consolidated net profit at Rs 8,622 crore versus Rs 10,703 crore posted in the year ago period. It was below ET Now poll of Rs 9,700 crore.

Ishita Sengupta discusses potential tax changes, including a higher standard deduction, increased exemption limits, and home loan benefits under the new regime. She also suggests a 25% tax slab to create a smoother progression between tax brackets.

“Roads and railways alone account for nearly half of the total outlay. While road investments have surged over the last decade, railway allocations have nearly doubled in the past five years. Going forward, we expect a sustained focus on these sectors, as reducing logistics costs remains a priority for the government.”

Railway stocks, some down as much as 40% from their 52-week highs, saw significant value buying amid broader market gains. The rally was driven by state-owned firms like IRCON International, Rail Vikas Nigam Ltd (RVNL), IRFC, IRCTC, and BEML, as investors seized opportunities following months of sharp declines in the sector.

Sebi banned two individuals from securities markets for insider trading in Infosys stock and ordered the disgorgement of Rs 2.6 crore in illegal gains. The persons in question are Keyur Maniar and Ramit Chaudhri who have also been slapped with a penalty of Rs 30 lakh, each.

Gold prices hit a fresh record high of Rs 84,900 per 10 grams in the national capital on Friday, driven by robust domestic demand and strong global cues, according to the All India Sarafa Association.

Madhu Kela highlights that after years of favorable markets, volatility has returned, requiring investors to adapt their strategies.

Tech View: Nifty’s breakout above 23,400 signals strong bullish momentum, reversing last month’s bearish trend. Analysts recommend a buy-on-dips strategy, with key resistance at 23,800 and immediate support at 23,300. Market reaction post-budget will determine further direction.