Latest Stock Market News

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.

Indian stock markets rebounded on Friday morning, driven by positive cues from the US job market. The Sensex and Nifty50 surged by over 0.6%, recovering from previous losses. While banking and energy stocks led the rally, Adani Group shares continued to face selling pressure, declining by up to 8%.

Protean eGov Technologies shares are in focus as NSE Investments plans to offload up to 20.31% stake via an offer for sale (OFS) with a floor price of Rs 1,550 per share.

Indian companies have raised a record Rs 97,000 crore this year through qualified institutional placements (QIPs), capitalizing on strong domestic market flows and sustained mutual fund SIP inflows. Promoters are taking advantage of high valuations to raise capital, even as some analysts warn of a potential market correction.

Gold and silver futures opened higher today, with gold gaining 0.42% and silver rising 0.14%. Geopolitical tensions and a strong US dollar influenced precious metals, though market volatility persists.

A total of 7,982 shares changed hands on the counter till time (IST).

​​Good part, I would say, from the perspective of Indian investors who invest in mutual funds or PMSs, etc, is that the exposure of the group in many of the funds is very-very limited and to that extent there is an indirect impact, but the direct impact is low

Large private sector banks in India are trading like utility stocks, presenting a good investment opportunity. The rural economy is improving, and consumption is expected to recover. Investors can find opportunities in discretionary consumption, industrials, and IT services. Deep tech is a promising sector in India, with potential for new listings and growth.

Adani Group stocks plummeted after Kenyan President William Ruto canceled deals involving the conglomerate, citing new information from investigative agencies. This follows U.S. prosecutors indicting Gautam Adani and others for an alleged $265 million bribery scheme, accusations Adani Group denies.