Latest Stock Market News

The Federal Reserve has reduced interest rates by a quarter percentage point, citing a cooling job market and progress in controlling inflation. Despite the positive economic indicators, the central bank acknowledges potential uncertainties tied to the recent presidential election.

Steel Authority of India Ltd (SAIL) reported a 31% YoY decline in Q2 net profit to Rs 897.15 crore, with total income down 16.8%. Lower performance was due to cheaper imports, price drops, and inventory challenges.

Emcure Pharmaceuticals reported a 38.2% YoY rise in Q2FY25 net profit to Rs 202 crore, driven by strong domestic and international sales. Revenues grew 20.4% to Rs 2,002 crore, while EBITDA rose 26%, with margins at 20.8%.

Northern Arc has secured USD 65 million for its first climate fund, aiming to support sustainable businesses in India. The fund, backed by DFC and OeEB, will provide debt financing to companies in renewable energy, energy efficiency, and other green sectors.

AkzoNobel India reported a 4% YoY increase in PAT to Rs 97.9 crore and a 3% rise in revenue to Rs 982.3 crore, despite rising raw material costs. The company declared a Rs 70 interim dividend and is exploring strategic options in the Indian market.

A 52-week high marks the peak price a stock has achieved over the past year, providing valuable insights for traders and investors.

Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.

Despite a 26-paise fall, the Indian rupee remains the strongest among emerging Asian currencies, depreciating only 0.65% since October. Other currencies like the ruble, baht, won, and yuan weakened significantly amid global economic turmoil.

Five companies with a market cap above Rs 1,000 crore have shown a consistent decline in earnings per share (EPS) over the past five quarters, indicating ongoing financial challenges, according to StockEdge.com data.