Latest Stock Market News

Kalyan Jewellers share price: Kalyan Jewellers experienced significant revenue growth of 41% YoY for Q3 2024 in India, driven by festive and wedding demand. The company launched 24 new showrooms and saw substantial growth in the Middle East and digital platform, Candere. Plans for FY 2026 include launching 170 showrooms across various markets.

The ITI stock has shown strong momentum since the end of October, consistently reaching higher highs and lower lows. It has delivered a return of 155% since the end of October and 45% in the last 7 days alone.

This can indicate potential upward movement and may be used by traders to identify buying opportunities.

Motilal Oswal Financial Services gives a buy call on Marico Ltd. with a target price of Rs 750. Marico reported a consolidated total income of Rs 2746 crore for Q2 FY25, with net profit of Rs 433 crore. The company shows steady demand trends and is on track for double-digit revenue growth.

Domestic brokerage firm Axis Securities is positive on eight large-cap stocks, which can rise by up to 34%.

At the interbank foreign exchange, the rupee opened at 85.77, slipped to 85.80 before trading again at 85.75 against the greenback in initial deals, 7 paise lower from its previous close.

The Relative Strength Index of the stock stood at 57.99 on Tuesday.

Gold futures contracts saw minimal gains at MCX while silver remained mostly steady. Gold prices increased by Rs 350 over the past week, whereas silver prices dropped by Rs 3,000. Domestic and international markets reported high volatility. Central bank purchases and Chinese stimulus expectations are influencing market trends.

CLSA has upgraded ONGC to "High Conviction Overweight-PF," citing multiple production and realization triggers, alongside attractive valuations and a strong dividend yield.

​The strong growth story is there, inflation is somewhat stickier as well, and the Federal Reserve themselves are suggesting that with the fiscal policy side remaining very loose, monetary policy may need to be tighter to offset that support.