Latest Stock Market News

The Nifty Pharma index was trading 0.85 per cent at 22564.05.

A total of 716,978 shares changed hands on the counter till 10:09AM (IST)

Ashish Shankar, MD & CEO of Motilal Oswal Private Wealth, forecasts a positive outlook for Indian equities due to strong domestic factors. He advocates for a balanced portfolio with investments in equities, gold, and debt products. Shankar identifies digital sectors, capital markets, and real estate as key wealth creators in Samvat 2081.

Gurmeet Chadha from Complete Circle Consultants highlights long-term investment opportunities in the energy sector, particularly with NTPC, Tata Power, and Power Grid. He also points out the potential of new-age tech businesses like Zomato and Policybazaar, and strong prospects in the financial sector with banks like ICICI, Federal Bank, SBI. He likes Bharti Airtel in telecom.

Shares of Larsen & Toubro (L&T) are set to attract attention on Thursday following their Q2 FY25 earnings report. The company reported a 5% year-on-year increase in net profit, rising to Rs 3,395 crore from Rs 3,223 crore in the same quarter last year. L&T also achieved consolidated revenue of Rs 61,555 crore for the quarter ended September 30, 2024, reflecting a robust YoY growth of 21%

Shares of Zaggle Prepaid Ocean Services are in focus after the board approved a Rs 950 crore fundraise via QIP. The company also appointed Virat Sunil Diwanji as a Non-Executive, Non-Independent Director. Additionally, Zaggle has entered into agreements with Dr. Batra’s Positive Healthcare and TBO TEK for service integration. Shares closed at Rs 439, up 45% over six months.

I must also acknowledge the market sentiment, which peaked by the end of September. A few factors aligned in our favor, and being fully invested at the time worked to our advantage.

As a life insurance company managing the life savings of customers we have a long-term investment approach. We believe the long-term prospects of the Indian equity markets are positive.

Acme Solar Holdings has announced a price band of Rs 275-389 for its upcoming initial public offering (IPO), set to open for public subscription on Tuesday, November 5, and remain available until November 8. Investors can bid for a minimum of 51 shares, with additional bids required in multiples of 51.