Latest Stock Market News

PM Modi stated that the 2024 general election results demonstrated that people had rejected propaganda and voted for performance. Modi has been elected as Prime Minister for the third time, a feat previously only achieved by Jawaharlal Nehru.

​Shrikant Chouhan, Head Equity Research at Kotak Securities, stated that as long as the index traded above 24,200/79,600, the bullish structure was likely to continue. Above this level, the market could rally up to 24,400/80,200, and further upside was possible, which could lift the index up to 24,500/80,500. ​

Earlier, mutual fund schemes were not allowed to invest more than 25 per cent of their net asset value (NAV) in group companies of the sponsor.

This, however, would be subject to certain conditions like the issuer should appoint at least one merchant banker, and non-convertible debentures and non-convertible redeemable preference shares be plain vanilla, interest or dividend-bearing instruments.

The Dow Jones Industrial Average rose 27.10 points, or 0.07%, at the open to 39,358.95.

Bezos would still hold nearly 912 million shares, or about 8.8% of Amazon, following the latest sale. He’s the world’s second-richest person with a net worth of $221.6 billion, according to Bloomberg’s wealth index, and also owns space-exploration company Blue Origin and the Washington Post.

Indian government bond yields ended lower on Wednesday amid a pullback in U.S. Treasury yields, while traders still assessed the pace of foreign inflows into debt after domestic securities were included in a global index.

Nifty ended Wednesday’s session with a gain of 163 points to form a small negative candle but broke out of a sideways consolidation movement on the daily chart ahead of Thursday’s expiry.

On Wednesday, Indian headline indices reached new record highs, driven by a rally in banks and financial stocks.

The 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.