Latest Stock Market News

Retail darling GameStop slumped 24% on Friday, after the struggling videogame retailer said it would sell up to 45 million shares, taking advantage of the meme stocks frenzy that took hold this week.

British drugmaker GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors.

Here is what Franklin Templeton Mutual Fund bought and sold from its portfolio in April.

Both equity cash and derivative markets will conduct special trading in two sessions on Saturday. This is the third instance of such Saturday sessions this year — the previous two being in January and March.

The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.

Both the NSE Nifty 50 and S&P BSE Sensex gained about 2% this week — their best since the week ended February 2. Twelve of the 13 major sectors logged weekly gains, rising between 0.5% and 6.6%.

Zydus Lifesciences on Friday reported Rs 1,182 crore net profit in Q4FY24, a threefold year-on-year (YoY) jump led by growth in US, India, Europe and emerging market sales.

Shares of DXC Technology slumped 18% on Friday, after the IT services provider unveiled a new revamp and forecast fiscal 2025 revenue and profit below estimates.

​ JB Chemicals & Pharmaceuticals on Friday said its profit after tax (PAT) increased 43 per cent to Rs 126 crore in the March quarter, driven by strong sales. The drug maker had reported a PAT of Rs 88 crore in the March quarter of FY23.

After recouping losses of previous week, Nifty is now targeting to reclaim the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels.