Stock Market News

5paisa Research Team || Oil prices fell more than $1 per barrel Monday, October 14, slipping over 1.5% in early trading, as weak Chinese inflation data and uncertainty over Beijing's new economic stimulus measures rose concerns over demand. Following on Monday, Oil prices slumped with Brent crude futures shedding $1.26, or 1.59%, reaching $77.78 a barrel by 0020 GMT, while U.S. West Texas Intermediate crude futures lost $1.20, or 1.59%, reaching $74.36 a barrel. Negative economic indicators emanating from China overwhelmed market concerns

Tanushree Jaiswal || On Wednesday, August 7, veteran American investor Jim Rogers predicted a substantial rise in gold prices if the global stock market crashes in the upcoming months. He emphasized that during periods of market volatility, investors tend to favor gold for its safe haven qualities. Speaking with Business Today TV Managing Editor Siddharth Zarabi, Rogers advised investors to hold onto their gold, suggesting that its value could increase significantly in the near future. Rogers noted, "Gold prices have been down for many years

Tanushree Jaiswal || Concerns about demand in China and other regions have led to a significant selloff in global copper prices, pushing the metal into a bear market with a 20% decline from the peak levels seen in May this year. Copper prices have dropped below $9,000 per tonne for the first time since early April. Over the past month, copper futures have fallen by up to 7%, reaching near four-month lows, with analysts predicting further declines, reducing net long positions on the London Metal Exchange (LME) by 60%. Check Copper Price Today

Tanushree Jaiswal || Oil prices fell on Friday, marking second consecutive weekly decline due to mixed economic data & stronger dollar. Brent crude dropped to $84.50 per barrel, & U.S. WTI fell to $82.10 per barrel. Decline was influenced by strong U.S. labor data, slower growth in China, & Japan's inflation, which impacted market sentiment. Despite decrease in U.S. stockpiles, rising global stocks led to bearish trends, with OPEC+ unlikely to change output cuts. Check MCX Crude Oil Rate Today Live Check MCX Crude Oil Mini Rat

5paisa Research Team || Oil prices remained relatively stable in early trading on Tuesday after falling sharply in recent sessions, driven by concerns over China’s stimulus plan and oversupply in the market. As traders await further direction from OPEC's monthly report, both Brent and U.S. West Texas Intermediate (WTI) crude futures showed only slight movements, reflecting uncertainty in the oil market. Brent crude futures were down by just one cent, trading at $71.82 per barrel, while WTI crude saw a modest rise of three cents, reaching $68

5paisa Research Team || Bitcoin’s recent rally continued through Monday night, hitting a peak of $89,599 early Tuesday. Investors seem energized by President-elect Donald Trump’s positive stance on cryptocurrency and his plans to revamp crypto regulations. Since the U.S. election on November 5, Bitcoin has jumped about 32% in value. Some experts are even predicting it could break the $100,000 mark before the end of the year. "Bitcoin is now in price discovery mode," said H.C. Wainwright analyst Mike Colonnese in a CNBC report, meaning the ma

5paisa Research Team || Bitcoin reached a new all-time high on Monday, topping $81,000. This surge came on the heels of Donald Trump’s election win, which has sparked optimism about potential pro-crypto policies in the U.S. By 11 AM, Bitcoin was trading at $81,119.61, bringing its total market value up to a whopping $1.6 trillion. Trump’s campaign promises—like setting up a national Bitcoin reserve and appointing regulators who support crypto—have fueled hopes for a more crypto-friendly regulatory landscape. This has boosted investor confide

5paisa Research Team || The Federal Reserve announced on Thursday that it would be lowering its key interest rate by a quarter percentage point. This decision was widely expected as inflation approaches the central bank’s target of 2%. Consequently, the federal funds rate now stands at a range of 4.5% to 4.75%. The US Federal Reserve opted to cut the benchmark interest rate by 25 basis points (bps) to 4.50% - 4.75%, aligning with Wall Street predictions, as policymakers noted a job market that has “generally eased” while inflation continues

5paisa Research Team || Ganesh Infraworld Limited, a prominent engineering and construction company in India, is launching its Initial Public Offering (IPO) to raise ₹98.58 crores through a fresh issue of 1.19 crore shares. Ganesh Infraworld IPO aims to meet the company’s long-term working capital requirements and cover general corporate purposes. With a focus on integrated engineering, procurement, and construction (EPC) services, Ganesh Infraworld operates across the civil, electrical, road, rail, and water infrastructure sectors. Establis

5paisa Research Team || Apex Ecotech Limited, a prominent player in India's water and wastewater management industry, is launching its Initial Public Offering (IPO) to raise ₹25.54 crores through a fresh issue of 34.99 lakh shares. Apex Ecotech IPO aims to address the company's working capital needs, meet general corporate purposes, and cover public issue expenses. Apex Ecotech’s solutions in water treatment, wastewater recycling, and zero liquid discharge (ZLD) systems position it strategically within a critical and growing sector. Establis

5paisa Research Team || Mangal Compusolution Limited, established in April 2011 and specializing in IT hardware rental solutions and services, made its market debut on Thursday, 21st November 2024, with its shares listing on the BSE SME platform. The company provides comprehensive end-to-end IT equipment rental services including servers, laptops, desktops, and other peripherals. Listing Details Listing Time & Price: Mangal Compusolution share price were listed at ₹45 per share at market open on BSE SME, marking a flat start to its

5paisa Research Team || Rajputana Biodiesel Limited, a growing player in India’s biofuel industry, is launching its Initial Public Offering (IPO) to raise ₹24.70 crores through a fresh issue of 19 lakh shares. Rajputana Biodiesel IPO aims to support the company’s capital expenditure needs, fund its working capital requirements, and cover general corporate purposes. With a diversified product portfolio and a focus on sustainability, Rajputana Biodiesel is strategically positioned to capitalise on India’s push towards renewable energy and sustain

5paisa Research Team || Investors who eagerly awaited the debut of Flipkart-backed Zinka Logistics Ltd. (BlackBuck) were surprised when the company's shares did not list on the NSE and BSE today, November 21. The listing was postponed to November 22, following the T+3 listing rule. According to the T+3 listing rule, companies must list their shares on the stock exchange within three working days after the IPO closes. Zinka Logistics' IPO, which ended on November 18, was initially set for listing today. However, due to the Maharashtra state

5paisa Research Team || The Indian telecom giant told exchanges on November 20 that Nokia has secured a multi-year, multi-billion extension deal from Bharti Airtel to roll out 4G and 5G equipment throughout Indian cities. According to Gopal Vittal, MD and Vice Chairman of Bharti Airtel, this agreement will enhance Airtel's connectivity offerings. "This strategic partnership with Nokia will future proof our network infrastructure and provide customers with unparalleled user experience along with network that will be eco-friendly to minimize envi

5paisa Research Team || ICL Fincorp is a non-deposit-taking, base-layer Non-Banking Financial Company (NBFC) specializing in gold loans, where money is lent against the pledge of household gold ornaments. The company operates primarily in Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat, and Maharashtra. About ICL Fincorp NCD ICL Fincorp Limited has opened its NCD issue for subscription from November 11, 2024 to November 25, 2024. These NCDs will be listed on the BSE and offered at a face value of ₹1000 each. Inv

5paisa Research Team || Student recruitment solution provider Crizac is gearing up to raise ₹1,000 crore through an initial public offering (IPO). The Kolkata-based company refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on November 18, 2024. The IPO is structured entirely as an offer-for-sale (OFS) by the company's promoters. Pinky Agarwal will offload shares worth ₹841 crore, while Manish Agarwal will sell ₹159 crore worth of shares. As a result, Crizac will not receive any proceeds fr

5paisa Research Team || The ICICI Prudential Equity Minimum Variance Fund - Direct (G) is an open-ended equity scheme that aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments. The fund primarily focuses on the Nifty 50 Index, utilizing a low variance strategy to minimize portfolio volatility while striving for consistent returns. It follows an active management approach to adjust the portfolio based on market conditions and opportunities. Additionally, the fund allows

5paisa Research Team || Bandhan Nifty 200 Quality 30 Index Fund - Direct (G) is a passively managed mutual fund designed to replicate the performance of the Nifty 200 Quality 30 Index. This index selects 30 companies from the Nifty 200 universe based on strong quality metrics such as Return on Equity (ROE), low Debt-to-Equity ratios, and stable Earnings Per Share (EPS). The fund offers investors exposure to high-quality companies with consistent profitability and financial stability, making it an attractive option for those seeking long-term ca

5paisa Research Team || Aditya Birla Sun Life BSE India Infrastructure Index Fund - Direct (G) is a thematic mutual fund that aims to provide investors with returns that closely correspond to the performance of the BSE India Infrastructure Index. The fund focuses on investments in companies that are part of the infrastructure sector, including construction, energy, transportation, and utilities, which play a crucial role in India’s economic growth. This index fund is passively managed, offering diversification across infrastructure-related s

5paisa Research Team || The Tata India Innovation Fund - Direct (G) is an open-ended equity scheme focused on investing in innovative companies across sectors in India. This fund targets businesses that are at the forefront of innovation, whether through new technologies, processes, or unique product offerings. By identifying and investing in forward-thinking companies with strong growth potential, the fund aims to capitalize on the advancements driving India’s economic progress. It is suitable for investors with a high-risk tolerance and a lon

5paisa Research Team || Godavari Biorefineries' shares dropped 4.42% to ₹293.80 after the company reported a consolidated net loss of ₹74.99 crore in Q2 FY25, compared to a net loss of ₹65.14 crore in Q2 FY24. The company's revenue from operations fell by 33.73% year-on-year to ₹320.05 crore for the quarter ended 30 September 2024. Additionally, it recorded a pre-tax loss of ₹64.11 crore in Q2 FY25, marginally improving from a pre-tax loss of ₹65.14 crore in the same quarter of the previous year. Godavari Biorefineries Q2 Results Highlights

5paisa Research Team || Waaree Energies has announced its financial results for the quarter ended on September 30, 2024. The company reported a 14.7% rise in net profit to ₹361.6 crore, compared to ₹315 crore in the same period last year. Revenue increased slightly by 1% to ₹3,574.3 crore from ₹3,537.2 crore in Q2 FY24. The company's primary business segment, Solar Photovoltaic Modules, recorded a nearly 10% decline in revenue, amounting to ₹3,053.24 crore in the July-September quarter, down from ₹3,392.40 crore in the same period last year.

5paisa Research Team || Hindustan Aeronautics Ltd., a government-owned company, released its financial results for the September quarter on Thursday, November 14, showing year-over-year growth in several key areas. The company’s revenue rose 6% compared to the same quarter last year, reaching ₹5,976.3 crore. Additionally, net profit for the period increased by 22%, climbing to ₹1,510.5 crore from ₹1,236.7 crore the previous year. Hindustan Aeronautics Q2 Results Highlights • Revenue: Increased by 6% from last year to ₹5,976.3 crore. • Ne

5paisa Research Team || Torrent Power has announced its Q2 FY25 financial performance, reflecting year-over-year (YoY) growth in both revenue and profit. The company reported a 3.1% increase in revenue, reaching ₹7,175.81 crore in Q2 FY25, up from ₹6,960.92 crore in the same quarter last year. However, on a quarter-over-quarter (QoQ) basis, revenue declined from ₹9,033.73 crore in Q1 FY25, indicating a sequential drop. Torrent Power Q2 Results Highlights • Revenue: 3.1% increase to ₹7,175.81 crore in Q2 FY25. • Net Profit: 14.8% to ₹495.

Tanushree Jaiswal || The recent decline of the rupee against the US dollar, enhancing India's export competitiveness, might be a deliberate result of strategic central bank measures to address the perceived overvaluation of the rupee. This perception arose after the real effective exchange rate (REER) surged to nearly a four-year peak in June. After appreciating against the dollar in June, the rupee has continued to depreciate through July and early August. Money market analysts attribute this trend to potential actions by the Reserve Bank o

Tanushree Jaiswal || The Indian rupee is expected to reach a record low at the opening on Wednesday, ahead of significant U.S. inflation data and new interest rate projections from Federal Reserve officials. Non-deliverable forwards suggest the rupee will start trading at 83.58-83.60 to the U.S. dollar, down from 83.5650 in the previous session and surpassing the all-time low of 83.5750 set in April. On Tuesday, the rupee fell below the long-standing support level of 83.50-83.55. The rupee has faced challenging days recently. Weighed down by

Tanushree Jaiswal || The Foreign Exchange Derivatives market in India is undergoing a substantial disruption on April 5, due to the implementation of newly announced regulations by the Reserve Bank of India (RBI). It is anticipated that the implementation of these regulations, which mandate an underlying foreign-exchange exposure for currency derivatives trading on stock exchanges, will significantly affect the market, specifically affecting retail traders and speculators, who make up a substantial proportion of the participants. To comply w

Tanushree Jaiswal || In a rather low-profile move, the RBI has decided to officially withdraw the ₹2,000 notes from the currency circulation. This will be effective from 30th September 2023. Between March 23, 2023 and September 30, 2023, the RBI will offer a special window for the people holding these ₹2,000 currency notes to either exchange their notes or deposit these notes into the bank account. Banks will offer this window only up to September end and after that the ₹2,000 note cannot be either exchanged or even deposited in any of the comm

Tanushree Jaiswal || The attractiveness of buybacks from information technology (IT) companies is expected to diminish following the Budget 2023-24 announcement, which states that income from share buybacks will now be taxed as dividends for the recipient investor. Analysts anticipate this change will make buybacks less appealing due to increased compliance burdens and potentially higher taxes. Under the current system, companies are charged an additional income tax for buybacks. However, starting October 1, 2024, the income from share buyba

Tanushree Jaiswal || The Union Budget for 2024-25, unveiled today, marks the inaugural budget of the new coalition government, meeting high expectations from both industry stakeholders and the general public. The budget's central theme aligns with the ambitions of a youthful nation—focusing on employment, skills development, MSMEs, and the middle class. As the world's fastest-growing large economy, the budget needed to not only reinforce fiscal stability but also set the stage for sustained economic growth, a delicate balance the finance mi

Tanushree Jaiswal || The Union Budget for the fiscal year 2025 places a strong emphasis on the financial sector's vital role in fostering economic growth. This is achieved through several strategic announcements designed to enhance credit flow to key sectors and optimize outcomes in three critical areas: credit expansion, financial inclusion, and stressed assets resolution. The DFM Troika: Digital, Financial Inclusion, and MSME Support Measures Digital Initiatives First, the budget underscores technology initiatives in agriculture, par

Tanushree Jaiswal || Union Finance Minister Nirmala Sitharaman took center stage on July 23, 2024, as she presented the Union Budget for 2024-25, marking her seventh consecutive Budget presentation. The stock market's reaction was heavily influenced by the Budget proposals across various sectors. Earlier in the day, the Indian stock market erased its initial gains due to caution ahead of the Budget announcement. Although the NSE Nifty 50 and S&P, BSE Sensex opened about 0.3% higher, they were trading flat at 24,516.65 points and 80,553.9