Latest Stock Market News

Mayuresh Joshi of William O Neil India puts forth a list of 11 stocks, inspired by the India Champions Trophy-winning team, that demonstrate diverse qualities such as aggressiveness, stability, and an X-factor. These stocks include prominent names like Avanti Feeds, Bajaj Finance, and Narayana Hrudayalaya, suitable for various market conditions and showcasing strong potential for performance.

Gensol Engineering shares: The persistent decline follows multiple instances of the stock hitting its lower circuit limit over 13 days, further intensified by a downgrade in the company s credit ratings last week. CARE Ratings and ICRA lowered Gensol s ratings after lenders raised alarms about ongoing delays in debt servicing, sparking concerns about the company s ability to meet its financial obligations.

Motilal Oswal has named Coal India its top sectoral pick, setting a Rs 485 target with a 26% upside. The company is increasing capex to Rs 20,000 crore annually for infrastructure, mine expansion, and diversification into renewables. Strong e-auction volumes and pricing power are expected to drive earnings, with shares trading at Rs 380.25 on BSE.

Anurag Singh from Ansid Capital notes that while US companies are exceeding Q4 expectations, their cautious guidance for upcoming quarters is causing market corrections. Although inflation worries are easing, recessionary fears persist due to deteriorating macro data like GDP growth and employment. The market awaits clarity on potential Fed actions amid economic uncertainty.

The RBI policy pivot is a very important and substantial move from a macroeconomic perspective and over the next few quarters we will start seeing the impact at the ground level. The second is the government capex.

The Nifty Realty index was trading 0.52 per cent down at 810.85.

A Chandigarh resident discovered 37-year-old Reliance share certificates worth Rs 12 lakh but decided against digitization due to bureaucratic hurdles. Social media users urged him to reconsider, citing shorter timelines and outsourcing options.

The majority of February s redemptions were concentrated in short-duration funds, with ultra-short duration funds seeing withdrawals of ₹4,281.02 crore, money market funds ₹275.96 crore, and low-duration and overnight funds ₹2,263.94 crore.

A veteran market commentator, Faber earned his moniker after repeatedly warning about the 1987 stock market crash, which eventually came to pass. Since the 1970s, he has been publishing bearish forecasts, initially for personal use, during a time when many Americans were largely unaware of foreign exchange dynamics and the dollar s valuation against gold and European currencies.