Latest Stock Market News

The Nifty IT index closed 1.14 per cent down at 42426.65.

Nifty closed positively at 23,250, with India VIX dropping 6.7%, indicating lower volatility. Analysts see support at 23,000 and resistance at 23,340-23,500, favoring a buy-on-dips strategy amid pre-budget optimism in infrastructure and consumer stocks.

Waaree Energies’ Q3FY25 revenue from operations rose 117% YoY to Rs 3,457 crore from Rs 1,596 crore. Sequentially, PAT grew 36% from Rs 362 crore in Q2FY25, while revenue declined 3.2% from Rs 3,574 crore in the July-September quarter.

Indian indices ended higher, driven by financial stocks and Reliance Industries. Key movers included Hitachi Energy, JBM Auto, SRF, Granules India, and Tata Motors, while Whirlpool and Voltas saw significant declines.

Gold prices have hit a new all-time high of Rs 83,800 per 10 grams in the national capital due to strong global trends. Silver also saw a significant rise, hitting Rs 94,150 per kg. Internationally, Comex gold futures reached USD 2,817.15 per ounce amid economic uncertainties and US Fed policy impacts.

The Nifty Pharma index closed 1.21 per cent up at 21419.65.

Rohit Muraka, stocks to buy, diversification, wealth creation, market conditions, tax cuts, sectors with growth potential, Description: Rohit Murarka, Business Head at Kotak Cherry, shares insights on Budget 2025, emphasizing asset allocation, diversification, and market stability. He highlights Nifty valuations, capital gains tax concerns, and growth potential in pharma and BFSI while advocating systematic investments.

L&T Q3 Results: The company reported consolidated revenues of Rs 64,668 crore in Q3FY25, up 17% YoY, driven by a strong order book and increased execution momentum in its Projects & Manufacturing (P&M) businesses.

A short buildup happens when open interest and volumes rise, while stock prices fall, indicating traders expect further declines. Five stocks showed significant short positions in Thursday’s trading session.

Kotak Institutional Equities reaffirmed a "buy" rating on Zomato, maintaining a target price of Rs 275, citing strong food delivery margins and Blinkit’s long-term profitability potential. Despite near-term pressures and Blinkit’s aggressive expansion, Kotak expects improvement in profitability by FY2026. The current stock price reflects overly pessimistic views, with an expected 26% upside potential.