Latest Stock Market News

Five Nifty200 stocks show RSI trending up, indicating strengthening momentum and potential buying opportunities for traders.

Indian blue-chip indices open lower for third session, driven by weak earnings and foreign outflows, with Sensex, Nifty50 down.

Motilal Oswal Financial Services has reiterated its buy call on GAIL (India) Ltd. with a target price of Rs 265, up from the current market price of Rs 206.95. The brokerage arrived at its revised target price by valuing the gas transmission, LPG transmission, gas trading, petrochemical, and LPG businesses.

Indian companies are facing their most significant earnings downgrades since the start of the COVID-19 pandemic in 2020, causing concern among investors. Factors like heavy rains, reduced government spending, and slowing demand in sectors like FMCG and retail have contributed to this trend.

Gold and silver futures opened lower amid a stronger US dollar and profit booking. Experts expect volatility ahead of US inflation data, with gold support at Rs 77,000 and silver at Rs 90,450.

Nifty continues to move downward; however, the magnitude of the fall has lessened somewhat. The 24,000 level is likely to remain strong support for the index. As long as it stays above 24,000, Nifty bulls may have a chance to fight back

Three stocks are poised for strong short-term returns. KIMS, Chalet Hotels, and Jubilant Food are recommended buys. Analysts cite uptrends, breakouts, and support levels as reasons for their optimism. Investors are advised to consider these picks for potential profits.

State Bank of India (SBI) Chairman, CS Setty, expressed optimism about achieving a Rs 1 trillion operating profit this year, driven by robust credit growth across sectors like petrochemicals, roads, and renewable energy. The bank aims for a 15% growth in its domestic loan book, reaching Rs 39 lakh crore.