Latest Stock Market News

Axis Securities, a domestic brokerage firm, is optimistic about several small and midcap stocks, forecasting potential rallies of up to 41%.

On the technical charts, the RSI of the stock stood at 46.32.

A total of 5,062 shares changed hands on the counter till 02:09PM (IST).

Interest in gold is expected to rise in January due to uncertainty in bond markets, despite technical signals posing short-term challenges. In December, gold prices dropped 1% but remained up 26% for the year, fueled by strong US dollar performance and increased inflation expectations.

​So, the expectation would be that with the revised numbers put out, let us say, in February, we do not see any scope for material upward revision over there and going forward as well next year, we do not see significant changes, like we do not see at least a double-digit growth in these segments, so it will be single digits.

The crypto market in 2024 saw pivotal milestones, including Bitcoin ETF approvals, institutional inflows, and global adoption shifts. Looking ahead, 2025 promises diversified investment products, increased crypto payments, real-world asset tokenization, Web3 startups, and AI-crypto synergies.

Market sentiment dampened as Q3 earnings worries and U.S. rate concerns dragged indices lower, with select mid- and small-cap stocks hitting year-long lows.

The retail portion of Delta Autocorp IPO was subscribed 167.51 times, while non-institutional investors subscribed 110.78 times. Qualified institutional buyers oversubscribed their portion by 21.27 times on the final day of bidding.

With Budget 2025 approaching, excitement is growing in the stock market, particularly around fertilizer stocks. These stocks often gain attention as investors anticipate increased government spending on rural programs, potentially boosting agricultural demand and benefiting fertilizer companies.

The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization in the future, viewing the factors behind the higher costs in 2Q as temporary. The brokerage anticipates a return to more typical cost levels, which could improve the company’s performance moving forward.