Latest Stock Market News

Brent crude futures were down 30 cents, or 0.41 Percent , at $72.26 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were down 25 cents, or 0.36 Percent , at $68.45.

The euro was in turn on track for its worst weekly performance in seven months with a fall of 1.75%. The common currency last bought $1.0530, languishing near a one-year low hit in the previous session.

Indian stock market expected to be unstable in the coming months. Investors await December quarter earnings for signs of recovery. Experts predict a better second half of the year, particularly in sectors like IT, private banks, and real estate. Auto sector faces challenges, with two-wheelers expected to perform relatively better.

The Fed’s 25 bps rate cut, coupled with Trump’s election victory, signals potential economic volatility, impacting global markets, including India, which may face weaker currency and capital outflows.

LKP Securities recommends buying Mahindra & Mahindra shares. They project a price of Rs 3,262 within a year. The current market price is Rs 2814.1. Mahindra & Mahindra, a large company in the auto sector, shows strong performance. LKP Securities expects continued growth, driven by new launches and a strong market position.

​Gold and silver saw significant 2024 gains but recent declines. Analyst forecasts a 10-15% return for gold and 20-25% for silver, influenced by US policies, the Fed’s stance, and geopolitical risks.

Indian companies are experiencing a decline in shareholder dissent, with resolutions facing over 20% opposition from institutional investors dropping to 16% this fiscal year. Increased engagement with investors and a focus on minority shareholder interests are cited as contributing factors. Despite the overall decline, some resolutions related to board appointments and executive compensation still faced pushback from institutional investors.

The U.S. dollar surged to near one-year highs as Federal Reserve Chair Jerome Powell signaled a cautious approach to interest rate cuts, boosting Treasury yields. Asian shares stabilized after a volatile week, while the euro weakened against the dollar. Chinese retail sales exceeded expectations, offering a glimmer of hope for the global economy.

HDB Financial Services, owned by HDFC Bank, is planning a ₹12,500 crore IPO, aiming to be the largest NBFC listing in India. While unlisted market shares surged to ₹1,200, experts predict a more realistic IPO price of ₹750-₹800. The listing is driven by RBI regulations requiring upper-layer NBFCs to go public.

US stock market indices closed lower. Federal Reserve Chair Jerome Powell reduced hopes of interest rate cut. Traders bet on a small rate reduction in December. Producer price index rose. Jobless claims dropped. Some companies and sectors performed well despite the overall market dip.