Latest Stock Market News

The stock quoted a 52-week high of Rs 1986.55 and a 52-week low of Rs 1233.1.

Nilesh Shah says up to one year, he will recommend an arbitrage fund for a high taxpayer or debt funds, money market funds and short-term bond funds where one could have the limited benefit of a drop in interest rates. Between one to three years, one can go towards longer duration bond funds. Post-budget, one can also look at investment in precious metal.

Gurmeet Chadha says that the market is trying to position on the pre-Budget period. But there are very few pockets which give a lot of valuation comfort. So, we have to be very selective in terms of what we buy and ensure that we do not end up paying very unreasonable valuations in those pockets.

We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.

As Sebi investigates front-running at Quant Mutual Fund, impacting investors and shareholders, the illegal practice raises acquisition costs, affects NAV, and leads to selling pressure in suspected stocks, potentially affecting fund performance.

Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 153990.51 Crore) operating in Metals - Non Ferrous sector.

The Dow reached a one-month high, but the Nasdaq fell over 1% as investors shifted from AI-linked stocks. Federal Reserve rate cuts were anticipated, impacting market movements.

Gold prices impacted by Japan Chain Store Sales YY for May and upcoming US Consumer Confidence in June.

Stocks that were in focus include names like Raymond, which rose 3.6%, JK Paper, which gained 4.3%, and MapmyIndia, whose shares declined 4.84% on Monday.