Latest Stock Market News

Continuing its upward trend for the second consecutive day, the 30-share BSE Sensex surged 538.89 points to reach a lifetime peak of 77,145.46. It concluded the session at a new record high of 76,810.90.

Tesla boss Elon Musk claimed victory in a closely-watched shareholder vote to approve on Thursday a multibillion-dollar pay package seen as critical in keeping the mercurial CEO at the electric auto company.

Bain Capital sold 8.82 crore shares of the company through its affiliates BC Asia Investment VI and BC Asia Growth Investment. For sometime, it has been planning a complete exit from L&T Finance by selling its existing stake.

The Dow Jones Industrial Average fell 35.09 points, or 0.09%, at the open to 38,677.12.

Oil prices slipped on Thursday as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut to December and as U.S. crude and fuel stocks rose.

Telecom company Vodafone Idea (Vi) plans to raise upto Rs 2,458 crore through a preferential issue of equity shares to its two European gear vendors Nokia and Ericsson, clearing part of their pending dues and setting stage for Vi’s 4G expansion and 5G rollout.

Ambuja Cement, a company owned by Adani group, has signed a definitive agreement to acquire Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, as per the company’s filing on the stock exchanges.

Nifty formed a small negative candle with a minor lower shadow. The short-term trend of Nifty continues to be a range bound with positive bias. Nifty has been consolidating in the broad range of 23,200-23,500. A decisive close beyond the boundaries can lead to a trending move.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

OFSS, L&T Finance, HDFC Life were among top gainers on the Indian stock exchanges which recorded fresh peaks and closed on new highs.