Latest Stock Market News

HDFC Securities has upgraded V-Mart Retail to a Buy rating with a target price of Rs 3,500. The Mid Cap retail company reported a standalone total income of Rs 1,030.11 crore for the quarter ending 31-Dec-2024, up 55.43% from the last quarter. The company’s stock price correction and improved rural cycle have influenced the rating.

Meanwhile, a long bull candle formed on the daily chart with a minor upper shadow, indicating a continuation of strong upside momentum. The Nifty has decisively broken above the down-sloping trendline resistance at 23,000 on the daily chart and 23,250 on the weekly chart, a positive signal for further gains.

Oil prices remained stable on Monday as investors evaluated the potential impact of ceasefire talks between Russia and Ukraine on global oil supply. Prices were influenced by recent U.S. sanctions on Iran and OPEC+ production adjustments, with market participants cautious about future production trends.

Global exchange rates fluctuate as traders await U.S. tariff announcements. The dollar remains strong near a three-week high, influenced by rising Treasury yields, while the euro and yen show minor shifts. Goldman Sachs analysts predict some dollar strength due to expected higher tariffs. Other currencies, including the euro and Turkish lira, also experience movements amid political and economic developments.

Gold prices saw a slight increase on Monday due to worries regarding U.S. President Trump s new tariffs and possible Federal Reserve interest rate cuts. Gold futures rose to $3,030.70. Last week, gold hit a record high amid trade tensions. Additionally, physical gold demand in India decreased with rising spot prices, while other precious metals also experienced minor gains.

The Indian rupee s movement this week will hinge on continued dollar inflows and central bank actions, while bond yields are projected to decline further. India s retail inflation eased to 3.61% in February, raising expectations of another interest rate cut by the Reserve Bank of India. This trend of lower yields and inflation could positively impact market sentiment.

Divine Hira Jewellers IPO debuts on the NSE SME platform with a subscription response below 10 times and no Grey Market Premium. The company raised Rs 32 crore to address loan repayments, working capital, and general corporate needs. Profit increased by 62.63% in FY24, despite revenue declining by 25.6%.

Godrej Properties has acquired 10 acres of land in Bengaluru with an estimated revenue potential of Rs 2,500 crore. The company plans to develop around 1.5 million square feet of saleable area, including premium residential units and high-street retail. Despite the acquisition, the company s standalone net profit fell over 66% in Q3.

Markets are stabilizing and key sectors, especially banking and financials, are showing resilience, making it a favorable time for gradual accumulation. Dharmesh Shah from ICICI Direct emphasizes the strong risk-reward setup in Bank Nifty, predicting a significant upside in the coming months.