Latest Stock Market News

Nifty futures closed with a 0.61% gain at 23,406 on Thursday. Options data suggests a broader trading range between 22,800 to 23,700, with an immediate range between 23,100 to 23,500. Experts recommended stocks for short-term trading, including Maruti Suzuki, SBI Cards, SAIL, Hindalco, Aarti Industries, and Nykaa, with specific buy targets and stop losses for each.

Investor interest in emerging markets like India, China, Korea, and Taiwan is strong, but the immediate allure of US equities and bonds remains dominant. Market sentiment is fluid, with upcoming events such as Trump’s potential return and China’s Lunar New Year influencing decisions. While emerging markets attract attention, the focus has been on the major Asian markets recently.

ICICI Securities recommends buying REC shares, setting a target price of Rs 600. REC, a large-cap company in the Term Lending Institutions sector, reported increases in both Total Income and net profit for the quarter ending 30-09-2024. REC aims for a 30% share in renewables by FY30, supported by strong macro tailwinds and expected capex.

According to BSE analytics, the shares of SBI Cards and Payment Services have risen by 3.5% over the past 6 months and by 2.11% in the last 3 months. However, they have fallen by nearly 1.5% over the past year.

​I think so whether it is Havells or even companies like Finolex Cables they have all corrected quite a lot over the last one year. So, I think worth beginning to look at those companies.

The Relative Strength Index of the stock stood at 57.78 on Friday.

Gold prices fell slightly by Rs 66 to Rs 79,160/10 gm, while silver prices dropped by Rs 278 to Rs 95,525/kg. Gold surged by Rs 700/10 gm this week, supported by a weaker dollar and US economic data. Analysts expect volatility in prices due to dollar index fluctuations and upcoming Chinese economic data. Key support for gold is at Rs 79,000.

The crypto market shows signs of a bullish trend, with Bitcoin at $100,000 and altcoins poised to outperform. Key altcoins to watch include SUI, AIOZ, HYPE, VIRTUAL, and ACX for significant returns. Memecoins like PENGU and PEPE offer high-risk, high-reward potential. Bitcoin, Ethereum, and Solana remain the safest, offering steady returns.