Latest Stock Market News

The domestic brokerage expects Nifty earnings growth of 15%. It has suggested investors adopting a multi-cap approach, with equal proposition in largecaps and midcaps, to take advantage of a broad-based growth in Indian equity markets. Here are 5 themes to watch out for as suggested by Emaky.

Silver rallied strongly by Rs 3,100 to Rs 95,950 per kg in the national capital on Tuesday, while gold went up Rs 130, in line with strong global trends.

Analysis of OI data reveals that the call side exhibited the highest OI at the 23,000 strike price, followed by 23,500 strike prices, whereas on the put side, the highest OI was observed at the 22,500 strike price.

The dollar index slipped below the 104.5 mark, extending its losses from Monday, while most Asian currencies ticked up, with the Korean won up 0.4% and leading gains.

DK Joshi, Chief Economist at CRISIL, highlights a shift in household savings towards higher return financial assets like mutual funds and stocks. He expresses concern over the higher borrowing growth rate compared to savings growth rate.

RITES declares Rs 5 per share dividend with Q4 results, continuing its growth trend with 185% increase in 2 years. Marginal decline in Q4 net profit, revenue down 6.3% YoY. Stock price falls 3.3% to Rs 709.

The US IPO market has shown positive indications of a turnaround in 2024, after two sub par years, on hopes of rate cuts in the second half of the year and a soft landing for the economy.

Nifty Bank fell on profit booking at higher levels. The index fell 139 points to close at 49,142. Though it opened higher and quickly touched 49,500, the momentum fizzled owing to selling pressure. HDFC Bank, AU Small Finance Bank and Bandhan Bank gained.

The Nifty Realty index closed 2.16 per cent down at 1010.0.