Latest Stock Market News

State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues.

The Indian rupee weakened to a record low on Friday and logged its worst weekly fall since May, pressured by sustained outflows from local stocks and expectations of a stronger dollar after Donald Trump won the U.S. election.

SBI Q2 Results: State Bank of India (SBI) reported a 28% YoY rise in profit to Rs 18,331 crore, beating earnings estimates of Rs 15,550 crore. Net interest income grew 5% YoY to Rs 41,620 crore, while pre-provision operating profit surged 51% YoY to Rs 29,294 crore for the July-September 2024 quarter.

The National Stock Exchange (NSE) declared a trading holiday on November 20, 2024, due to the Maharashtra Assembly Elections. This marks the third holiday for traders in November, following Diwali and Guru Nanak Jayanti. The Bombay Stock Exchange (BSE) is expected to follow suit with a similar announcement.

Long unwinding refers to selling positions or stocks held for an extended period, either to secure profits or to exit in anticipation of a bearish trend.​

Revenue from operations grew 11% to Rs 656 crore in the quarter, up from Rs 593 crore in the same period last year. The recruitment business saw steady growth in Q2, while non-recruitment segments also expanded, reducing operating losses.

LIC Q2 Results: Net premium income during the reporting quarter increased 11% year-on-year (YoY) to Rs 1.19 lakh crore, compared with Rs 1.07 lakh crore in the same quarter last year.

The Fed has long guarded its status as an independent institution able to make difficult decisions about borrowing rates, free from political interference. Yet during his previous term in the White House, Trump publicly attacked Chair Jerome Powell after the Fed raised rates to fight inflation, and he may do so again.