Stock Market News

5paisa Research Team || Continuing yesterday’s trend, gold prices in India experienced a slight uptick today. On December 27, 2024 (at 12:17 pm), the price of 24K gold in India was ₹7,800/ gm while 22K gold was ₹7,150/ gm. In this article, we look at the gold prices today in cities such as Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, and Delhi as well as the primary drivers of these movements. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wr

5paisa Research Team || Gold prices in India experienced a slight uptick today, reflecting changing domestic and global market dynamics. On December 26, 2024, the gold rate displayed minor variations across major cities. In this article, we look at the latest gold prices in cities such as Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, and Delhi while discussing the key drivers of these trends. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap

5paisa Research Team || Oil prices remain close to a two-week high, supported by rising tensions between Western countries and key oil producers, Russia and Iran. Although prices dipped slightly on Monday after big gains last week, the market is still nervous about possible supply disruptions. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; justify-content: space-between; background

5paisa Research Team || Oil prices surged nearly 2% on Thursday as escalating tensions between Russia and Ukraine unsettled markets, raising fears over potential disruptions to crude supplies if the conflict intensifies. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; justify-content: space-between; background: #fff; box-shadow: 0 0 2px rgb(51 55 57 / 42%); border-radiu

5paisa Research Team || Honda and Nissan announced on Monday that they have initiated discussions regarding a potential merger. This move represents a significant shift in Japan's automotive sector, reflecting the growing competitive pressure from Chinese electric vehicle (EV) manufacturers. If successful, the merger would form the world's third-largest automotive group by vehicle sales, following Toyota (7203.T) and Volkswagen. The integration aims to enhance resource sharing and bolster their ability to compete with industry leaders like Tesl

5paisa Research Team || President-elect Donald Trump has issued a warning to the European Union, threatening tariffs if its member nations fail to increase their purchases of American oil and gas. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; justify-content: space-between; background: #fff; box-shadow: 0 0 2px rgb(51 55 57 / 42%); border-radius: 4px; padding

5paisa Research Team || Suraksha Clinic and Diagnostic Limited, a prominent player in India's diagnostic services sector, is set to launch its Initial Public Offering (IPO), aiming to raise ₹846.25 crores through an offer for sale of 1.92 crore shares. With its well-established network of diagnostic centres and advanced technological infrastructure, the company plans to solidify its position in the fragmented diagnostics market, particularly in eastern and northeastern India. The company will not directly receive Suraksha Clinic and Diagnostic

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 || When IPOs are announced, the anticipation builds as investors gauge the potential returns. Some IPOs make a remarkable debut, while others witness a more subdued start. This analysis explores the performance of recently listed IPOs, focusing on their stock price trends over the past few days of their listing. IPO Stock Performance Overview The recently listed IPO performance of companies such as One Mobikwik, Vishal Megamart, Sai Life Sciences, Inventurus Knowledge Solutions, and International Gemmological Institu

5paisa Research Team || Shares of five companies—Mamata Machinery, Transrail Lighting, DAM Capital Advisors, Sanathan Textiles, and Concord Enviro Systems—debuted on the stock market on Friday, December 27, delivering remarkable listing gains fueled by strong investor demand in the primary market. These companies exhibited robust performances, reflecting investor confidence and the broader positive sentiment surrounding IPOs in recent times. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warn

5paisa Research Team || Mamata Machinery Limited, a globally recognized manufacturer of plastic packaging machinery operating since 1979, marked an extraordinary entry into the public markets on Friday, 27th December 2024. The company, which has established itself with exports to over 75 countries and strategic manufacturing presence in both India and the USA, commenced trading on both BSE and NSE amid overwhelming investor enthusiasm. i Don’t Miss Out on the Next Big IPO – Invest With Just a Few Clicks! Open Account Now .login-warning

5paisa Research Team || Newmalayalam Steel Limited, a Kerala-based manufacturer of galvanized pipes and tubes operating since 2017, marked its entry into the public markets on Friday, 27th December 2024. The company, which has established itself with a 3,500 MT manufacturing capacity and brand presence through "Demac Steel," commenced trading on the NSE SME platform amid mixed investor response. Newmalayalam Steel Listing Details i Don’t Miss Out on the Next Big IPO – Invest With Just a Few Clicks! Open Account Now .login-warning{d

5paisa Research Team || Shares of Cochin Shipyard experienced a notable surge, hitting the 5% upper circuit on December 27, following the announcement by Adani Ports and Special Economic Zone Ltd (APSEZ) regarding their decision to procure eight state-of-the-art harbour tugs. These tugs, integral to enhancing the efficiency and safety of operations at Indian ports, will be constructed by Cochin Shipyard under the government's flagship initiatives Make in India and Aatmanirbhar Bharat. Invest in Indian Markets and Unlock Future Potential W

5paisa Research Team || The Securities and Exchange Board of India (SEBI) has revised its regulations to introduce a novel asset class called the Specialised Investment Fund (SIF), aimed at investors with a higher tolerance for risk. This new category bridges the gap between conventional mutual funds (MFs) and Portfolio Management Services (PMS), offering customized investment solutions. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap;

5paisa Research Team || UltraTech Cement Ltd, one of India’s leading cement manufacturers, has recently announced the acquisition of an 8.69% equity stake in Star Cement Ltd for ₹851 crore. The deal involves the purchase of up to 3.7 crore equity shares at a price not exceeding ₹235 per share, excluding applicable taxes and levies. This strategic investment marks UltraTech’s entry into Star Cement as a minority stakeholder. The move comes after Star Cement's promoters and promoter group entities proposed selling their equity holdings, which led

5paisa Research Team || Shares of private lender IndusInd Bank Ltd gained during early trading on December 27, following the bank's decision to sell its non-performing microfinance loan portfolio, comprising 10.6 lakh retail loan accounts worth ₹1,573 crore. This move comes amidst persistent challenges in the microfinance institution (MFI) sector. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; j

5paisa Research Team || ICICI Prudential Rural Opportunities Fund - Direct (G) is an open-ended equity mutual fund scheme that seeks to provide long-term capital appreciation by investing in equity and equity-related instruments of companies that are expected to benefit from the growth and development of rural India. This thematic fund focuses on rural-centric sectors such as agriculture, consumer goods, infrastructure, and allied industries. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-war

5paisa Research Team || Mirae Asset Small Cap Fund - Direct (G) is an open-ended equity mutual fund that focuses on investing in small-cap companies with high growth potential. Managed by Mirae Asset Investment Managers, the fund seeks to generate long-term capital appreciation by identifying and investing in emerging businesses with robust fundamentals and scalable business models. It aims to provide investors an opportunity to benefit from the growth trajectory of smaller companies, which often have the potential to outperform their larger co

5paisa Research Team || Bandhan Nifty Alpha Low Volatility 30 Index Fund – Direct (G) is an open-ended equity index fund that aims to replicate the performance of the Nifty Alpha Low Volatility 30 Index. This unique index is designed to provide a balance between high alpha (excess return over the benchmark) and low volatility, focusing on stocks with superior risk-adjusted returns. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap;

5paisa Research Team || The WhiteOak Capital Quality Equity Fund - Direct (G) is a diversified equity mutual fund that aims to generate long-term capital appreciation by investing primarily in high-quality companies with strong growth potential. The fund focuses on businesses with robust financials, competitive advantages, and sustainable earnings growth. It follows a bottom-up stock selection approach and is designed for investors seeking exposure to high-quality companies in the Indian equity market. As a direct plan, it offers lower expense

5paisa Research Team || Food delivery platform Swiggy Ltd. disclosed a net loss of ₹625.5 crore for the September quarter, marking its first quarterly report since going public last month. Swiggy recorded revenue of ₹3,601 crore in the September quarter, an increase from ₹2,763 crore in the same period last year and ₹3,222 crore in the June quarter. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center;

5paisa Research Team || Siemens reported its financial results for the July-September quarter on Tuesday, November 26, showing a 45.4% increase in net profit, which reached ₹830.7 crore, up from ₹571.3 crore in the same period last year. The company’s revenue from operations for the quarter grew by 11.2%, totaling ₹6,461 crore, compared to ₹5,807.7 crore in the previous year’s quarter. Siemens Q2 Results Highlights • Revenue: Rose by 11% to ₹6,461 crore, compared to ₹5,807.7 crore in the year-ago period. • Net Profit: ₹830.7 cro

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 || The Indian rupee experienced a record low on Monday, driven by concerns over a slowing economy after GDP growth reached its lowest level in seven quarters. Broad declines in other regional currencies further intensified the pressure on the domestic currency. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; justify-content: space-between; background: #fff;

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 || 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