Latest Stock Market News

Markets regulator Sebi on Monday cautioned investors against undertaking trading activities through virtual trading or gaming platforms and asked them to deal only through registered intermediaries.

The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.

Short covering often leads to a reduction in open interest and can push the stock price upward.

The Nifty Bank index closed 0.89 per cent at 51215.25.

Ongoing selling by foreign investors added further pressure to the equity market sentiment.

Renewable energy firm ACME Solar Holdings Ltd on Monday said it has fixed a price band of Rs 275 to Rs 289 per share for its Rs 2,900 crore initial public offering (IPO). The issue would open on November 6 and conclude on November 8.

Investors are looking to balance risk and reward in their portfolios, as greed and fear drive investment decisions. Assessing risk tolerance and understanding the potential for variability in returns is crucial for long-term financial success. While current market conditions may tempt investors to chase returns, maintaining a disciplined approach aligned with their risk profile is essential.

Indian Railway Finance Corporation (IRFC) reported a 4% YoY jump in net profit to Rs 1,612.65 crore in Q2FY25. Revenue from operations increased by 2% to Rs 6,899.34 crore. The company declared an interim dividend of Rs 0.80 per share.

For the July-September 2024 period, net profit is expected to decline by 3% year-on-year, based on the average estimate from four brokerages. Sales, however, are projected to increase by 13% year-on-year, according to the estimates.

With two major events approaching — the US election and the Fed meeting — traders adopted a risk-off approach on Monday, causing the Sensex to drop nearly 1,500 points. Nifty also fell about 2% to 23,800, marking its lowest level since August 6.