Latest Stock Market News

Life Insurance Corp on Thursday posted multi-fold growth in standalone net profit at Rs 8,334 crore for the December quarter

Last year, smallcap stocks were the most affected by the subdued performance of the Indian stock market, destroying the wealth of small investors

The Adani group, controlled by billionaire Gautam Adani, has lost more than $100 billion in market value since Jan. 24, when a U.S. short seller issued a scathing report on the apples-to-airports conglomerate.

Analysts remain broadly positive on the capital goods space as higher spending by the government will drive orders and boost revenue visibility for the companies in this sector.

The Benchmark index on the daily chart is still restricted within the big Budget Day candle which was formed on 1st February. Nifty witnessed a range-bound price action throughout the week and formed a minor candle within its previous weeks range and closed 0.01% higher at 17,856.50 levels on a weekly closing basis.

In remarks prepared for delivery to a Global Interdependence Center conference, Waller said so far the spillover to the broader financial system has been "minimal," and it is critical that regulators make sure to mitigate financial stability risks associated with stress in the crypto industry.

The broader market indices have formed a bullish reversal pattern on the daily timeframe. The Nifty Midcap Index has moved up after forming a hammer pattern on the daily chart, whereas, the Nifty SmallCap index has formed a bullish harami pattern.

Spot gold closed at $1866 as it was almost unchanged on the week. The metal risks a fall to $1830 level unless the US CPI data due on February 14 underwhelm.

Yields on the benchmark 10-year Treasury note rose to their highest in more than a month following an auction on Thursday of 30-year bonds that saw weak demand.

MSCI has marginally increased the weights of Reliance Industries, HDFC, Infosys, ICICI Bank, and TCS. The other stocks where outflows could be seen due to a reduction in weightage include HCL Technologies ($97 million), Jindal Steel & Power ($19 million), Shriram Finance ($14 million), and ACC ($12 million), according to Nuvama.