Latest Stock Market News

Jupiter Wagons Ltd (JWL) reported an 18.4 per cent year-on-year (YoY) increase in consolidated net profit to Rs 96.4 crore for the quarter ended December 2024, driven by higher revenue and improved margins.

The Indian rupee closed nearly unchanged at 86.54 per dollar, supported by RBI intervention amid early pressure from dollar demand, NDF maturities, and risk-off sentiment ahead of the US Fed’s policy decision.

Rising mutual fund shareholding this quarter signals growing institutional bullishness on the stock.

Indian indices extended gains for a second session, with Sensex up 600+ points and Nifty closing above 23,150.

Indian stock market, special trading session, trading on budget, Budget 2025, NSE, BSE, Saturday trading, commodity derivatives trading, T+0 settlement suspended,

ITC Hotels share: ITC Hotels Limited debuted on NSE and BSE, marking a major milestone for ITC’s hospitality business. With a zero-debt balance sheet and strong expansion plans, the company aims to redefine luxury and sustainability in Indian hospitality.

HSBC : Ola Electric shares rose 4.7% to Rs 68.27 on the BSE Wednesday, trimming recent losses. The stock is down 15% in three months and 13.44% in a week. HSBC noted persistent volume disappointments since the IPO due to quality and service issues. While improvements are underway and an EV motorcycle launch is planned, competition remains fierce.

Hindustan Zinc shares: Domestic brokerages are bullish on Hindustan Zinc after strong Q3 FY25 results, citing operational efficiency, cost reductions, and expansion plans. Price targets range from ₹451 to ₹585, indicating up to 35% upside driven by silver production growth and lower costs.

Tech view: The bearish chart pattern of lower tops and bottoms remains intact on Nifty. However, a breakout above 23,350-23,400 could negate this trend and unlock further upside. Immediate support is at 23,000, said Nagaraj Shetti of HDFC Securities, highlighting key resistance and support levels that traders should watch for market direction.

The Federal Reserve is expected to hold interest rates steady, assessing inflation trends and President Trump’s economic policies. Policymakers remain cautious, signaling flexibility in future rate adjustments based on evolving economic conditions and upcoming data releases.