Latest Stock Market News

The Nifty Auto index was trading 0.13 per cent up at 25426.05.

Traders will enjoy an extended weekend holiday on June 17 due to Bakri Id closure. Stock exchanges, including equity, derivative, and SLB segments, will be closed, providing a much-needed break after a volatile election period.

3 stocks within Nifty200 pack saw their closing prices surpass their 200-day Daily Moving Averages (DMA) on June 13, as per technical scan data from stockedge.com. The 200-day DMA serves as a crucial indicator for traders, signaling the trend in a stock. it suggests an uptrend.

The fall in government bond yields to 6.98% reduces borrowing costs across the economy, influencing corporate borrowing prices. Sovereign debt yields serve as benchmarks for determining corporate borrowing costs.

Labour party unveils manifesto to control debt, boost homebuilding, and upgrade infrastructure. UK stocks and sterling rally ahead of election.

Lower inflation data in India and the US drove markets to new highs. Global markets saw mixed performance, with oil prices falling. Dollar strengthened despite weak US inflation. Stocks in F&O ban include Sun TV, SAIL, India Cements, GMR Infra, and Hindustan Copper.

Sumit Bali, the group executive for retail lending at Axis Bank, resigned from his role on Wednesday.

HDB Financial Services, the non-banking financing arm of HDFC Bank, is preparing for an IPO to list by September 2025 with a valuation range of $9 billion to $12 billion. The lender plans to open 200 branches this fiscal year to expand its loan book.

ICICI Securities prefers companies with strong execution due to shallow margin of safety in valuation multiples. Most shares trading at or above historical PE ratios.

The S&P 500 and Nasdaq hit record highs as tech shares surged. Unemployment claims rose, but producer prices fell, hinting at a Fed rate cut possibility.