Latest Stock Market News

MicroStrategy Inc. made its largest Bitcoin purchase since December 2020, acquiring approximately 27,200 BTC for around $2.03 billion between October 31 and November 10, 2024. The enterprise software maker, which has embraced Bitcoin as part of its corporate strategy, now holds a significant cryptocurrency reserve.

Gold and silver futures open flat at MCX, following recent price drops. Analysts suggest buying on dips amid volatility due to global market factors, with support and resistance levels outlined.

Indian benchmarks opened higher, led by banking and IT stocks, after three sessions of declines due to weak earnings.

ONGC shares rose 2.3% after reporting a 17% YoY profit rise to Rs 11,984 crore, driven by lower levies, despite a fall in revenue and oil prices.

NMDC shares fell 4.2% despite a strong Q2 performance and a 2:1 bonus share announcement. Revenue grew 19.7%, while profit rose 23% YoY. Motilal Oswal maintains a buy rating with a Rs 280 target.

The Nifty Pharma index was trading 0.61 per cent at 22480.60.

Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session