Latest Stock Market News

Shares of Paytm surged 5% as Gautam Adani considers investing in the company. Paytm founder met Adani to discuss a potential deal. Adani is also seeking investments from West Asian funds for Paytm, facing challenges after RBI restrictions.

Low PE stocks, often regarded as value stocks, are typically favoured for long-term investment strategies.

Investec brokerage firm upheld its buy recommendation for Hindalco, while Nuvama initiated coverage on Inox Wind and Suzlon Energy with buy ratings, respectively. Goldman Sachs has given LIC a neutral rating following its Q4 results.

A total of 216,193 shares changed hands on the counter till 09:59AM (IST)

GSM Foils IPO is likely to finalise allotment today. In the unlisted market, stock trading at Rs 5 premium. IPO subscribed over 200 times. Proceeds to be used for plant, and working capital.

The switch to the system known as T+1 — abandoned in the earlier era as volumes became unwieldy — is ultimately intended to reduce risk in the financial system.

Gold prices eased as traders reduced rate cut expectations by the U.S. Federal Reserve, awaiting U.S. inflation data this week.

​As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

The dollar was stable on Wednesday ahead of crucial inflation readings, lifted by rising Treasury yields. The yen drifted to its weakest in four weeks. Euro and sterling also showed movements. Australian dollar spiked before steadying. U.S. consumer confidence improved in May. Markets await inflation reports this week.