Latest Stock Market News

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

As of 30-Sep-2024, promoters held 63.97 per cent stake in the company, while FIIs held 9.87 per cent and domestic institutional investors had 8.81 per cent.

A total of 1,257,705 shares changed hands on the counter till 02:10PM (IST).

PSU bank stocks, including SBI, Canara Bank, PNB, and Bank of Baroda, dropped significantly, while Adani Group shares also fell sharply after bribery and fraud charges, weakening the Indian rupee.

Chinese economy is reasonably supported, they are not going big bang, and China is keeping firepower safe for if untoward, all these tariff barriers come in once President Trump takes in. So, we have to wait and see. I am not really expecting any big bang thing here.

Kotak Institutional Equities assigns a Rs 5,200 target price to IndiGo, citing strong positioning amid competitor supply constraints and efficient operations. Shares rise 1%, with a 28% upside potential.

Adani Ports Share Price: Shares of Adani Ports & Special Economic Zone plunged 20% to Rs 993.85 on Thursday after U.S. prosecutors indicted Gautam Adani, his nephew Sagar Adani, and six others on charges of bribery and fraud. The indictment claims the group offered $265 million in bribes to Indian officials to secure solar contracts, potentially generating $2 billion in profits over 20 years.

As of 30-Sep-2024, promoters held 50.09 per cent stake in the company, while FIIs held 27.18 per cent and domestic institutional investors had 14.25 per cent.

Billionaire Gautam Adani, chairman of the Adani Group, saw his net worth drop by $10.5 billion to $59.3 billion in a single day, following bribery and fraud charges brought by U.S. authorities. His brother, Vinod Adani, also faced a significant loss of $4.7 billion, reducing his net worth to $15.5 billion.