Latest Stock Market News

Indian equity markets are currently experiencing a period of uncertainty, with investors closely watching the outcome of the Maharashtra elections and the ongoing Adani Group controversy. Despite this, certain large-cap stocks, including Reliance Industries and select private banks, are seen as attractive investment opportunities due to their oversold status and strong fundamentals.

​Because if you look at it smallcap or midcap have not corrected in India significantly mainly because they do not own it. So, the selling has been completely in largecaps, both in 2021-22 and now.

The Relative Strength Index of the stock stood at 29.27 on Friday.

Indian markets opened higher today, but Adani Group stocks continued to fall after fraud charges against Gautam Adani. Federal Bank hit all-time highs with strong buying interest, while SRF shows bearish signals after a trendline breakdown.

​Going into 2025, those who are looking to do debt refinance or debt raising, both interest rates and the exchange rate angle would be more challenging, I think there is no question about it.

Promoters held 52.63 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 21.23 per cent and 8.94 per cent, respectively.

Public sector bank stocks, led by SBI, Bank of Baroda, and PNB, rebounded 2% on Friday after investor confidence returned, easing concerns over exposure to the Adani Group and boosting sentiment.

The Nifty Realty index was trading 2.18 per cent at 996.60.

A total of 111,750 shares changed hands on the counter till 11:00AM (IST)

Brokerage firms are optimistic about key Indian stocks. UBS maintains a neutral stance on Larsen & Toubro, citing potential in Middle East projects. JPMorgan remains overweight on Reliance Industries, driven by improved refining margins and solar ventures. Jefferies reiterates a buy rating for State Bank of India, highlighting robust asset quality and a strong market position.