Latest Stock Market News

NSE’s index services subsidiary, NSE Indices has launched a new thematic index called Nifty India Tourism which will track the performance of stocks in Nifty 500 index representing the travel and tourism theme.

Short covering signals a shift in view on security from extreme bearishness to bullishness.

Navneet Munot says, “There are many kinds of retail money. There are investors or speculators doing intraday, people playing F&O, the opportunistic people and the long-term investors who are doing in a very disciplined manner through the SIP. The most positive thing is the structural flow of money through the SIPs. The other part of the money will depend on the market cycle.”

Indian benchmark equity indices ended the day with gains in a volatile market on Thursday, driven by strong performance in private banks and metal stocks, although declines in pharmaceutical stocks limited the overall upward movement.

Accenture, a provider of IT services, forecasted annual revenue growth significantly exceeding expectations on Thursday. This optimistic outlook stems from increased adoption of artificial intelligence, which is compensating for subdued growth in enterprise spending.

Ruchir Sharma, the chairman of Rockefeller International and Founder & Chief Investment Officer of Breakout Capital, has joined the Asset Allocation Committee (AAC) of 360 ONE Wealth.

The Nifty Auto index closed 0.45 per cent down at 25267.85.

The Relative Strength Index of the stock stood at 63.66 on Thursday.

​The initial public offering (IPO) of Stanley Lifestyles will open for subscription on June 21. The issue closes on June 25. Through the public offer, the company plans to raise around Rs 537 crore. Here are 10 things to know about Stanley Lifestyles IPO before subscribing to the issue.