Latest Stock Market News

On November 12, Jubilant FoodWorks, LTIMindtree, and Max Financial Services appeared in the RSI Trending Up scan, signaling potential upward momentum with increasing RSI values suggesting buying opportunities.

Indian markets are likely to consolidate on Wednesday, influenced by mixed global cues. The India VIX, a gauge of market volatility, rose by 2.40% to close at 14.60 on Tuesday, signaling increased uncertainty.

The Securities and Exchange Board of India (SEBI) is implementing new regulations that limit weekly expiry options contracts to just one per exchange. This change will impact Nifty Bank, which previously had weekly expiries and was popular among retail traders. SEBI aims to curb speculative trading and encourage long-term investment strategies.

Oil prices increased slightly. This was due to limited supply. However, prices remained near their lowest point in two weeks. OPEC reduced its forecasts for global oil demand growth. The organization cited weakness in China as a key factor. OPEC now projects demand to grow by 1.82 million barrels per day in 2024.

Dogecoin surged more than 10%, reaching $0.3869 in early Asian trading on Wednesday, following a statement from U.S. President-elect Donald Trump. Trump announced that Elon Musk and former Republican presidential candidate Vivek Ramaswamy would lead the newly created Department of Government Efficiency (DOGE), a nod to Musk’s favorite cryptocurrency, Dogecoin.