Latest Stock Market News

Shares of PFC and REC surged up to 4.5% after ICICI Securities initiated coverage with "Buy" ratings and target prices of Rs 550 for PFC and Rs 600 for REC. The brokerage highlights a Rs 43 lakh crore pipeline for power generation projects and energy transition funding as key growth drivers. Strong asset quality and government support bolster their outlook.

SIPs offer a smart way for investors to benefit from market dips. As the NAV of mutual funds decreases, investors acquire more units at lower costs. This strategy leverages rupee cost averaging and the power of compounding for long-term wealth creation. Automated contributions ensure financial discipline and consistency in investments.

A total of 444,187 shares changed hands on the counter till 10:50AM (IST)

HCL Tech Q3 Results: IT services company HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago.

The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Based on the historical performance analysis of different factors, typically, during periods of heightened market volatility, the Quality and Low Volatility factors have historically demonstrated relative outperformance.

The domestic market is going through a correction phase, impacting even top stocks, with most showing significant declines. Only a few IT stocks have managed to perform well. The downturn is attributed to poor corporate earnings and foreign capital outflows. Analysts forecast further challenges but anticipate recovery in the latter half of 2025.

Gold February futures opened flat at Rs 78,230/10 gram, while silver March futures dropped to Rs 90,240/kg. Gold has risen by Rs 1,200/10 grams in a month, while silver fell by Rs 940/kg. Prices slipped due to stronger US job data, the dollar index, and inflation concerns. Analysts expect volatility ahead of US inflation data.