Latest Stock Market News

India has revised guidelines for dividend payments, share buybacks and stock splits at state-run companies to improve capital management and bolster performance of their equities.

Indian markets closed lower for the seventh consecutive session on Monday. The Nifty slipped below its 200-day DMA, indicating a bearish trend. The RSI has entered the oversold zone. Short-term support is seen at 23,200-23,300, while resistance is at 23,700-23,800.

​​The IPO valuation looks aggressive since the company is approaching the primary market in the initial stage of operations where capital expenditure (capex) is higher to build capacities while the benefit in terms of higher cash flows and profit will flow in subsequent years. Given these factors, the issue looks more suitable for long-term investors with a high risk appetite.

The company, which filed preliminary IPO papers with Sebi in August, obtained its observation on November 13, the update showed.

Nithin Kamath warns about the increasing online fraud scams targeting investors. He advises caution and verification before making investment decisions. He emphasizes not acting in haste and avoiding opportunities that seem too good to be true. These scams exploit human emotions like hope, fear, and greed.

This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of new companies across all the major sectors in India.

Gold and silver prices rebounded on Monday in the national capital mainly on the back of ongoing wedding season buying by jewellers and retailers as well as strong global trend, according to the All India Sarafa Association.

The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant and issued a showcause notice in February for the alleged violations of FPI Regulations and Intermediaries Regulations.

Indian markets opened lower on Monday, with the Sensex falling over 200 points and the Nifty closing below 23,500. Auto, realty, and metal stocks gained, while healthcare, utilities, energy, oil & gas, and IT stocks declined. IGL, Honasa Consumer, and Nestle India were among the stocks that hit 52-week lows.

Indian benchmarks fell as IT stocks dropped; Garware, ACME Solar, Godrej Industries surged, while Honasa Consumer, IGL, MGL declined.