Latest Stock Market News

The Relative Strength Index of the stock stood at 45.04 on Thursday.

​This has led to a very positive capex cycle, likely to start private sector capex cycle. This very good profit growth also led to strong government capex because tax collections were buoyant. So, it was a very strong demand, supply, earnings and valuations cycle.

A total of 5,281 shares changed hands on the counter till 12:47PM (IST)

India will be included in JPMorgan Chase & Co.’s key emerging market bond index as of next month, and foreigners have sent a net $8.2 billion into the eligible bonds since the announcement in September.

Torrent Power on Wednesday reported a 7.6 per cent dip in its consolidated net profit at Rs 447 crore in March 2024 quarter mainly due to high expenses. The company had reported a consolidated net profit of Rs 484 crore in the quarter ended March 2023, a BSE filing showed.

Danske Bank A/S predicts Indian rupee to hit fresh low at 83.60 per dollar by December, going against consensus for first gain in seven years. Allan von Mehren, the top forecaster, expects gradual rupee depreciation to boost exports.

Sun Pharma numbers were slightly below expectations in terms of EBITDA and we do think that though they have guided for a very strong growth through their speciality portfolio, that is a little bit time away.

Sanjiv Bhasin of IIFL Securities advises caution in investing in defence and railway stocks due to unfavorable prices. He mentions selectively booking profits in PSUs like Vedanta, Nalco, and SAIL, which have performed well in the metal space. Bhasin says he would put my money on Coforge and thinks this stock can revisit those levels of 6,000 once Cigniti acquisition goes through smoothly.

Global brokerage firm Bernstein predicts Nifty returns based on Lok Sabha outcomes: BJP victory with over 290 seats may yield high single-digit or low double-digit returns.

A total of 24,534 shares changed hands on the counter till 11:51AM (IST).