Latest Stock Market News

Indian markets saw a sharp fall on Thursday. Early gains in Wall Street stocks reversed as technology shares declined. Nvidia s earnings and U.S. jobs data influenced investor sentiment. The unemployment rate rose, increasing chances of a Federal Reserve rate cut. Consumer staples led gains while technology stocks fell. Walmart advanced on a raised forecast.

The dollar strengthened as investors anticipate the Federal Reserve holding interest rates steady next month, despite a mixed U.S. jobs report. Meanwhile, Japan s finance minister hinted at currency intervention to combat a weakening yen, which has hit multi-month lows. The euro and sterling saw minor movements against the dollar, with market focus also on Britain s upcoming budget.

The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Sudeep Pharma s Rs 895 crore IPO opened today, following a robust anchor investor response and rising grey market premiums. The company, a specialty ingredients manufacturer, aims to capitalize on India s expanding food and pharmaceutical markets. With strong financial performance and global reach, it presents a compelling long-term investment opportunity.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Groww reports its first earnings post-listing amidst a volatile market and a challenging brokerage sector. Despite industry-wide trading slowdowns and regulatory impacts, Groww s large user base and cross-selling efforts may support stable revenue growth. Investors await management commentary on future growth drivers and profitability.

Gold prices declined on Friday, heading for a weekly loss as a robust U.S. jobs report diminished expectations for a December Federal Reserve rate cut. Traders now see a lower probability of a cut, impacting gold s appeal as a non-yielding asset. The strengthening dollar further pressured bullion prices.

IndusInd Bank has begun early discussions to gauge investor interest for a potential qualified institutional placement, according to people aware of the matter. Senior management has been meeting investors after recent discrepancies in forex derivatives triggered senior-level exits.

HyperVault a 51:49 JV, will raise $4-4.5 b debt as well. Company plans to offer services to hyperscalers, Indian enterprises and government entities, along with Tata companies. 1st time Tata Group flagship is tying up with a PE fund as well as raise debt

The gap between long-term and short-term government bond yields has significantly increased. This widening is causing concern among investors, particularly insurance companies facing losses. Market participants are now looking to the Reserve Bank of India for action. Potential interventions include open market operations or adjustments to bond auctions. The central bank has previously intervened to manage yields.