Latest Stock Market News

Futures tied to the S&P 500 and the Dow soared to record highs on Wednesday as Republican Donald Trump won the 2024 U.S. presidential election, capping his return four years after he was voted out of the White House.

Jindal Steel and Power Ltd (JSPL) on Wednesday reported 38 per cent fall in consolidated net profit at Rs 860 crore for September quarter, on account of lower revenue. It had posted a net profit of Rs 1,390 crore for the period ended September 2023, the company said in a statement.

Aadhar Housing Finance reported a 15% YoY rise in net profit to Rs 228 crore in Q2FY25. Total income rose 21.5% to Rs 764 crore. Assets under management expanded 21% to Rs 22,817 crore at the end of September.

Estimates from Kotak Institutional Equities, Nuvama Institutional Equities, and Axis Securities reveal differing outlooks: Nuvama is most conservative on revenue and PAT, Kotak is bullish on revenue, while Axis is the most optimistic on Trent’s net profit.

The Nifty Realty index was trading 1.79 per cent at 1003.20.

The Sensex surged by 901 points, closing at 80,378, as part of a broader market rally. Eight stocks from the BSE commodities index reached their 52-week highs, indicating their highest prices in the past year, providing valuable signals for traders and investors.

Our analysis focused on stocks with a market cap exceeding Rs 1,000 crore. While many of these stocks have seen substantial gains over the past year, we identified 7 stocks that declined by over 20% during the same period.

The Indian rupee fell to a record low on Wednesday, hurt by a sharp rise in the dollar and U.S. bond yields as Republican Donald Trump claimed victory in the U.S. presidential election.

Indian markets closed higher for the second consecutive day, with the BSE Sensex rising over 800 points to surpass 80,300, and Nifty50 reclaiming 24,400. Key sectors like industrials, IT, and oil & gas saw gains, with eClerx Services, Piramal Pharma, and Deepak Fertilizers hitting record highs.

IFC, a member of the World Bank Group, has committed USD 400 million (about Rs 3,300 crore) to help expand access to finance for customers opting to buy EVs and energy efficient consumer goods as well as support women-owned microenterprises.