Latest Stock Market News

Siemens stock surged on Thursday after the engineering company posted better than expected results and said it was in a good position to navigate mounting global political and trade tensions.

Gold prices saw yet another steep fall on Thursday, with the precious metal declining Rs 700 to Rs 77,050 per 10 grams in the national capital amid subdued demand trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 77,750 per 10 grams in the previous session, a day after falling marginally by Rs 50 on Wednesday.

Sensex and Nifty50 closed lower on Thursday, with FMCG and energy stocks dragging down indices amid foreign outflow concerns.

A short buildup occurs when traders anticipate a price decline and create short positions. This is indicated by rising open interest and trading volumes, coupled with a falling stock price. On Thursday, five stocks witnessed a fresh buildup of short positions.

Foreigners have sold 82.1 billion rupees ($973 million) of Indian government bonds, which are part of the JPMorgan index, so far in November, according to clearing house data on Thursday.

Indian stock benchmarks Sensex and Nifty 50 closed lower on Thursday, dragged down by FMCG and energy stocks, as concerns over foreign outflows persisted. However, Eicher Motors surged 6.5% after reporting strong quarterly earnings.

The Nifty Auto index closed 0.66 per cent at 22914.50.

A recent ETMarkets analysis reveals that 44 of these stocks, each held by over 100 mutual fund schemes, have gained more than 25% in the current fiscal year (FY25).

Indian stock exchanges BSE and NSE will be closed on November 15 for Guru Nanak Jayanti. MCX will be closed in the morning session and NCDEX will be closed all day. Markets will also be closed on November 20 for Maharashtra Assembly elections.

The SME IPO of Onyx Biotec, which opened for subscription on Wednesday, has been subscribed 6 times by the second day of the bidding process, with 2,09,06,000 bids received against the 34,44,000 shares offered.