Latest Stock Market News

The Nifty IT index closed 1.17 per cent at 41697.95.

Despite fluctuations, PL Asset Management highlighted that equity markets have shown consistent long-term growth, demonstrating resilience as temporary declines are typically followed by recoveries and sustained upward momentum.

The Nifty index formed a bearish engulfing pattern, signaling potential bearish momentum below the 23,000 support level. Resistance lies at 23,300–23,500, requiring a breakout to confirm bullish reversal amid volatile conditions.

Indian indices dropped sharply, with the Sensex falling 1,235 points and Nifty below 23,100. Zomato, Dixon Technologies, and Kolte-Patil Developers were major movers amid broader market losses.

Simplifying the GST regime by reducing tax slabs is vital, given indirect taxes account for 60% of total receipts. This will ease the tax burden, boosting disposable incomes. Additionally, resolving double taxation on dividends—either by making it tax-deductible for companies or reverting to previous practices—will offer relief to investors and promote better tax compliance.

Investors should be cautious when noticing behaviors like sudden surges in investor meetings, regular adjustments in earnings, or extravagant management spending. Additional red flags include inexperienced board members, high non-audit fees, overly active CEOs on social media, and frequent departures of key financial executives. These indicators suggest potential governance issues and warrant careful attention.

The FY26 Union Budget is expected to prioritize railways, defense, automotive, and renewable energy with reforms promoting growth, employment, and sustainability, including incentives for electric vehicles, affordable housing, and infrastructure to advance economic resilience and carbon neutrality.

JPMorgan’s Jahangir Aziz warns of global implications from US policy shifts under Trump, including tariffs, immigration, and deregulation. Potential trade wars and economic uncertainty could disrupt global growth, impact markets, and influence the US dollar’s trajectory.

A short buildup happens when open interest and trading volumes increase while the stock price declines in the Futures and Options segment.