Latest Stock Market News

​Short covering signals a shift in view on security from extreme bearishness to bullishness.

​ETMarkets identified 8 stocks within the BSE largecap index that consistently rose in price throughout the last 5 trading sessions.

Silver shines amid market volatility, outpacing gold, Sensex, and Bitcoin. Industrial demand, Fed rate cut hopes fuel rally. Analysts bullish. Corrections possible, strategic buying advised.

According to Trendlyne data, as many as 10 stocks from the Nifty200 index paid up to 6.4% dividend yield in the last one year.

Shapoorji Pallonji Group offers ₹400 crore more to Goswami Infratech bondholders to extend deadline for meeting covenants on ₹14,300 crore borrowings. The company seeks a 4-month window to sell assets, ensure payment of ₹1,400 crore interest at 18.75% by September 30, 2024.

For this week, the crucial level for Nifty is 22,800 with potential targets at 23,000-23,100 if this level is surpassed. For Bank Nifty, a decisive close above 48,500 could drive the index towards 49,000. These levels will be key indicators for further market movements

Big US bond investors, including mutual fund managers, are aggressively moving funds into long-dated notes, expecting gains from interest rate cuts. Research by JPMorgan Chase shows the top 20 managers increasing duration by piling into high-grade corporate bonds to avoid negative carry. The allure of long-dated corporate bonds is growing as markets anticipate Federal Reserve rate cuts.

Data last week showed U.S. consumer prices for April eased, leading to markets pricing in 50 basis points (bps), or at least two rate cuts this year, but various Fed officials have sounded words of caution about when rates may fall.

GIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. System to settle US dollar transactions between IBUs in real-time. CCIL subsidiary to operate FCSS, aiming for operation by October 2024. Other currencies may be added later

Equity markets will be closed for Mumbai elections. Special trading session on March 2, 2024. Nifty 50 and BSE Sensex performance. Top gainers and losers. The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the evening session. Apart from Mumbai Elections (May 20), in 2024, the markets will be shut for Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).