Latest Stock Market News

HDFC Bank increased fixed deposit rates for retail deposits by 20 basis points across multiple tenors starting June 10, offering rates such as 7.25% for 18 months to less than 21 months, 7.10% for 15 to 18 months, and 6.60% for one year to 15 months.

SBI launches SME digital loans programme using data from tax and GST returns for quick credit assessment and loan approval up to ₹50 lakh in 10 seconds without human intervention.

Sebi bars former CNBC Awaaz anchor Pradeep Pandya and technical analyst Alpesh Furiya from securities market for 5 years, fines them ₹1 crore each.

Oil prices rose on positive demand outlooks from EIA and OPEC, with Brent crude up 0.1% to $82.04 and WTI crude up 0.2% to $78.10.

Gold demand in Asia is increasing despite near-record high prices, driven by geopolitical and economic uncertainty. Spot gold trades over $2,300 per ounce, up 12% year-to-date, and 6% below the record high. Lower confidence in real estate and equities also fuels the demand.

I think the market has taken comfort over the last few days since the election result has come out, until yesterday that the ministries have been announced that broadly speaking the policy directive is likely to remain the same.

​All in all, as long as the growth continues I do not think there is any reason to get worried about Zomato just yet. I mean, of course, competition is something which we need to watch out for and it is a very strong competitor who has announced intentions to get into the quick commerce and the food delivery space but it is a high entry barrier business I would believe, not so easy to get in and take market share.

​We may think that even NREGA subsidies could go up a little bit. So, I think the budget will give a clearer direction. But we do know that given the fact that the election results were not to the kind of expectations of the government itself, they will be trying to fix those problems. And from what we can see that two or three big states in north, UP, Haryana, then the Maharashtra, where the results were not to their liking, you would see that that is a farming belt, the UP is a sugarcane belt, Maharashtra is a sugarcane belt, so definitely you will see action around minimum support prices, you will see action around NREGA flows in there.

I think EPC companies can potentially do well because it is all about the order book that they will start getting in. With the new government formation in, you will see infrastructure activity particularly road building kind of activities start picking up. Alongside, you also have a host of metro projects coming up for completion which requires that last bit of push when it comes to construction activities.

Sebi advises private equity investors in IPO-bound companies to cancel special rights when filing updated IPO documents, exposing them to risks if IPOs fail to materialise.