Latest Stock Market News

Companies such as Hindustan Unilever (HUL), Britannia, Dabur, Hero Motocorp, Westlife Foodworld, Shoppers Stop and others have already indicated in their commentary a gradual demand recovery if the monsoon forecast turns out to be accurate.

Asian shares edged higher on Monday as investors awaited a key U.S. inflation report that could impact interest rates. Thin trading was seen ahead of core personal consumption expenditures data, with risks on the downside.

“Data of such sale and purchase should be maintained and made available for audit / inspection,” the RBI said. Central bank norms allow full fledged money changers to obtain their normal business requirements of foreign currency notes from other full fledged money changers and authorised dealers in India.

Awfis Space Solutions, an office-sharing company, wrapped up its hugely popular IPO on Monday. Investor demand was through the roof, with subscriptions exceeding the offered shares by over 108 times.

Nifty could continue to make new highs after the elections and target 23,400 in the near term, said Pankaj Pandey, head of research at ICICIdirect.com.

The insurer reported profit of ₹13,421 crore in the same period last year. The solvency ratio improved to 1.98% from 1.87% last year. LIC announced an interim dividend of ₹6 per share.

"Historically post-breakout, TCS has given at an average 80% upside; however, due to its large market-cap status, we expect an upside of about 60% leading to a target of ₹6,300," said Dharan Shah, founder, Tradonomy. "Historically on average it has corrected about 25% from the previous top and consolidated timewise for around 2 - 3 years.

​​The regulator said the average daily turnover of underlying futures contracts of the corresponding commodity during the previous 12 months should be 100 crore instead of the existing 200 crore for agricultural and agri-processed commodities.

The yield on the 10-year benchmark government security closed at 6.978%, its lowest level since June 6, 2023, LSEG data showed. The 10-year bond yield had closed at 6.98% on Friday. Bond prices and yields move inversely.