Latest Stock Market News

Canara Bank Q1 Results: Net interest income or NII during the reporting quarter increased 6% year-on-year to Rs 9,166 crore as against Rs 8,666 crore in the last year period. Provisions for Q1 fell 16% YoY to Rs 2,282 crore, of which provisions for the non-performing assets declined 10% YoY.

Cryptocurrency markets experienced significant declines as global tech stock slumps pushed investors toward safer assets. Bitcoin and Ethereum dropped sharply, with the overall crypto market cap falling to $2.31 trillion.

N Jayakumar, MD of Prime Securities, emphasized the importance of inclusive growth in India post-Covid. He highlighted the need for fair wealth distribution through increased taxes on high earners. Jayakumar also pointed out the strength of the retail investor base in India and recommended sectors like telecom infrastructure, generic pharmaceuticals, and sustainability for investment.

So, if you see from a medium-term perspective or a shorter-term perspective, there could be some pressure because of the margin pressure. But on a longer-term basis, we continue to remain positive on Nestle because there are two-three reasons for that.

A total of 31,444 shares changed hands on the counter till 01:39PM (IST)

Seven smallcap stocks, held by more than 20 mutual fund schemes, have surged over 100% in FY25 to date. Overall, 16 small-cap stocks have achieved triple-digit gains in FY25.

The stock traded at a P/E multiple of 33.31, while the price-to-book value ratio stood at 4.96.

On July 24, the closing prices of five stocks from Nifty500 pack dropped by more than 1.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

Short buildup means more people are expecting the prices to go down and creating short positions.

The rupee hit an all-time low of 83.72 against the US dollar due to a strong American currency and foreign fund outflows. The decline followed a tax hike on capital gains, causing a dip in Indian equity markets. Persisting dollar demand for defence and oil payments further pressured the currency.