Latest Stock Market News

Japan s Nikkei index fell to a six-month low, tracking significant losses on Wall Street, but managed to regain most losses as U.S. stock futures rose. Advantest and Fast Retailing reversed losses, boosting the index, while tech investor SoftBank Group fell heavily. In contrast, the Topix index also recovered some losses after an intraday drop.

Metal stocks have surged up to 17% in a month, outperforming Nifty, driven by a weaker dollar and Chinese stimulus. However, US tariffs on steel and aluminum pose risks. Analysts remain optimistic about India s metal sector, citing strong domestic demand, China’s recovery, and potential safeguard duties. Technical indicators signal a buy-on-dips approach.

Deven Choksey recommends Kotak and ICICI as top choices in the private banking sector, noting their strong tech integration and efficient business processing. Meanwhile, issues with corporate governance and aggressive market capturing strategies are impacting companies like IndusInd Bank and PC Jeweller negatively.

The Nifty Realty index was trading 2.51 per cent up at 819.8.

Bitcoin fell below $77,000, and Ethereum reached a 16-month low on Tuesday as concerns over a potential U.S. recession grew. Major cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin, continued to lose value as fears mounted that escalating trade tensions could hurt U.S. economic growth.

IndusInd Bank stated that the accounting discrepancies will negatively affect its net worth by 2.35% as of December 2024. The post-tax impact is estimated at Rs 1,577 crore, based on preliminary findings, and will be reflected in the bank s earnings for the fourth quarter.

India’s IPO market had a record-breaking 2024, raising $20.5bn, second only to the US. Key drivers included strong market conditions, regulatory reforms, and sectoral diversity. However, concerns over high valuations and post-listing performance have cooled investor enthusiasm. Going forward, rational pricing and fundamental strength will be crucial for sustained momentum.

Gold and silver futures opened higher on MCX, recovering from Monday’s losses amid global market sell-offs and recession fears. Volatility is expected due to the US trade war and inflation data. Analysts suggest selling gold on a rise. Physical gold prices vary across cities, with Delhi having the highest rates.

The Nifty Realty index closed 2.04 per cent down at 799.7.