Latest Stock Market News

A short buildup occurs when open interest and trading volumes rise, accompanied by a decrease in the stock price in the Futures and Options segment.

Shri Ahimsa Naturals opens its IPO with a price band of Rs 113-119 per share aiming to raise Rs 73.81 crore. The company, focusing on caffeine extraction, will issue 6,202,800 equity shares with a minimum lot size of 1,200 shares. Proceeds will fund general corporate purposes and a new manufacturing unit in Rajasthan.

ATC Energies System s SME IPO opened for bidding, garnering a 33% subscription on Day 1. Retail investors subscribed 59%, while institutional bids were absent. The IPO, priced at ₹112-₹118 per share, aims to raise ₹63.76 crore but saw zero GMP.

Indian benchmark indices closed slightly higher on Tuesday, paring early gains after opening nearly 1% up. Strength in HDFC Bank and IT stocks was offset by losses in Reliance Industries, ICICI Bank, and M&M.

The Indian rupee closed lower to halt a nine-day winning run on Tuesday as importers stepped in to hedge liabilities at favourable levels, dollar inflows moderated and the local currency s regional peers slipped.

BlackRock Inc., the world’s largest asset manager, is launching a Bitcoin exchanged-traded product in Europe, following the success of its $48 billion US fund tracking the cryptocurrency.

Market expert Dinshaw Irani believes markets bottomed earlier than expected, with FIIs returning. However, risks like trade tariffs, weak corporate earnings, and IT sector uncertainty remain. Banking and consumer discretionary sectors show promise, while capital goods benefit from domestic capex.

Nimesh Chandan, CIO at Bajaj Finserv AMC, advises long-term investors to see market volatility as an opportunity. He highlights the potential in large-cap stocks, the positive outlook for consumption, selective banking investments, and the promising future of healthcare. He stresses the importance of continuing SIPs to achieve financial goals despite market fluctuations.

Pankaj Murarka, CIO of Renaissance Investment, asserts the consumption sector will drive growth over the next three years due to reasonable valuations, expected growth acceleration, and supportive government policies. He has increased exposure to the consumer sector, focusing on staples and discretionary categories. Murarka also highlights cautious optimism towards IT and power sectors while considering competitive dynamics.