Latest Stock Market News

Purnartha launched the Purnartha One Strategy (POS), a customizable, multi-asset, multi-cap portfolio targeting stable returns and wealth preservation. Using VMS and QnQ frameworks, it blends equities, debt, commodities, and REITs, benchmarked against the NIFTY Multi Asset Index.

Sat Kartar Shopping’s SME IPO opens on January 10 to raise Rs 33.80 crore at Rs 77-81/share, with listing on January 17. Funds will support acquisitions, marketing, and tech investments. The Ayurvedic D2C brand reported ₹127.9 crore revenue in FY24.

The Nifty IT index closed 0.68 per cent at 43375.85.

Gold prices climbed Rs 700 to Rs 79,700 per 10 grams in the national capital on Tuesday due to fresh buying by jewellers and retailers and depreciation in rupee, according to the All India Sarafa Association.

The SME IPO of BR Goyal Infrastructure opens today and closes on January 9, aiming to raise Rs 85 crore through a fresh equity sale. Priced at Rs 128-135 per share, with a GMP at Rs 35, the company focuses on infrastructure projects across several Indian states.

Tata Consumer Products shares are nearing a breakout from consolidation, forming a rounding bottom pattern supported by high trading volumes. Analyst Hardik Matalia suggests potential upward momentum towards Rs 1,050. Key levels to watch include the 950 support and 970 resistance, with a Bull Call Spread strategy recommended for potential gains.

Promoters held 24.99 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 53.29 per cent and 10.64 per cent, respectively.

​But Zomato is very well established and they have already been generating profits. So, after the consolidation again the stock if one has a little longer-term view, still has good promise

Indian banks are expected to face continued earnings pressure in Q3 due to subdued credit growth, rising funding costs, and NIM compression. Private banks may have better earnings momentum than public sector peers, supported by stronger asset quality and fee income growth.