Latest Stock Market News

HDFC AMC Q3 Results: The revenue from operations in Q3FY25 reached Rs 935 crore, marking a 39% increase compared to Rs 671 crore in the same quarter of the previous financial year.

The Indian rupee hit an all-time low of 86.6475 on Tuesday due to strong dollar bids, partially spurred by maturities in the NDF market. RBI intervention helped limit losses. The rupee saw its sharpest decline in nearly two years on Monday due to a robust dollar, influenced by optimistic U.S. job reports affecting interest rate cut expectations.

Indian equity benchmarks rose, but four Nifty 500 stocks hit 52-week lows, including MRF, LIC, Adani Wilmar, and AIA Engineering, reflecting declines in the last year ranging from 5% to 27%.

Brokerage firm Bernstein has updated its India model portfolio, adding five new stocks and removing four.

A total of 4,494 shares changed hands on the counter till 01:38PM (IST).

The rupee has been weak, but the RBI is managing it in a controlled manner. They have taken steps to correct its overvaluation and support domestic growth. This includes allowing the rupee to depreciate, which helps in making exports more competitive. Global factors and domestic conditions suggest this trend may continue.

The Relative Strength Index of the stock stood at 28.59 on Tuesday.

The stock quoted a 52-week high price of Rs 1700.00 and low of Rs 1055.65.