Latest Stock Market News

SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.

The Semi Public market proposal aims to enhance price discovery and transparency before IPOs, offering early liquidity. Despite regulatory challenges, it could reduce volatility and improve scientific price discovery in IPO markets, serving as a potential final solution.

A total of 42,243 shares changed hands on the counter till 02:00PM (IST).

HNIs held shares worth Rs 7.61 lakh crore in Indian companies as of March 31, 2024. The top 10 stocks where HNIs bought the most shares include Indus Towers, HDFC Bank, Bajaj Holdings & Investment, NHPC, Zee Entertainment, Bandhan Bank, RBL Bank, Sundaram Finance, Polycab India, ITC, and Prime Infobase.

Shares of Shriram Finance surged 5% to Rs 2,419 on Tuesday following the approval from its board to sell its housing finance unit, Shriram Housing Finance (SHFL), to US private equity firm Warburg Pincus for Rs 4,630 crore. Shriram Finance, which holds a controlling stake in SHFL, and Valiant Partners L.P.

The wholly-owned subsidiary of Hindalco Industries intends to list its shares on the New York Stock Exchange under the symbol “NVL”.

The cost of “doing nothing” in markets can indeed be substantial, but that pales in comparison to the cost of complacency when the margin of safety erodes. And when a large section of the market participants adapt to surviving in a low margin of safety environment, wild swings when least expected become the norm.

A total of 44,339 shares changed hands on the counter till 12:08PM (IST).

The last major poll had estimated that the ruling Bharatiya Janata Party (BJP) party would win 342 seats, comfortably above the 272 majority required to return to power.

The stock quoted a 52-week high price of Rs 932.35 and low of Rs 678.8.