Latest Stock Market News

Patels Airtemp (India) on Tuesday settled a case with capital markets regulator Sebi related to an alleged violation of disclosure rules by paying a settlement amount of Rs 28.53 lakh. Heavy machinery company Patels Airtemp (India) is a BSE-listed entity.

Sebi is considering tightening rules for SME IPOs to protect retail investors. The regulator proposes to debar companies whose promoters or directors are debarred from the capital market or are wilful defaulters. This move aims to enhance investor protection in the SME IPO segment.

Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs).

Elcid Investments, which saw a massive price surge, has corrected 19% in the last six sessions. The company reported a 68% sequential drop in Q2FY25 net profit, despite a 179% YoY increase.

The Securities and exchange board of India (Sebi) on Tuesday ​released a consultation paper and sought public feedback on suggestions made by the stock exchanges and merchant bankers to increase the application size.

Nifty opened positive but faced profit booking, closing at 23,519. Analysts expect support at 23,350 and resistance at 23,780, with increased volatility from geopolitical tensions.

The Nifty Bank index closed 0.52 per cent at 50626.50.

Gold prices jumped Rs 600 to Rs 78,050 per 10 grams in the national capital on Tuesday amid a strong global trend in the overseas market, according to the All India Sarafa Association. On Monday, the precious metal of 99.9 per cent purity closed at Rs 77,450 per 10 grams.

Indian indices ended flat, with stocks like Zee Entertainment, PG Electroplast, PSP Projects, and Suzlon Energy seeing significant movements, while Honasa Consumer continued its decline after weak Q2 results.