Latest Stock Market News

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

Ahead of the Fed policy outcome, the Nifty showed significant volatility, fluctuating between 25,200 and 25,500 levels. Jay Thakkar from ICICI Securities noted that the implied volatilities rose, suggesting potential market movement. A Long Iron Condor strategy is recommended to benefit from price stability within this range.

CCL Products India Ltd. key Products/Revenue Segments include Coffee and Other Services for the year ending 31-Mar-2023.

On September 18, four Nifty500 stocks closed over 2-3% below their VWAP, indicating a potential bearish trend and increased selling pressure, according to technical data from StockEdge.

Shares of Indian Renewable Energy Development Agency rose 4.4% on the BSE after receiving government approval to raise Rs 4,500 crore through a Qualified Institutions Placement. The company reported a net profit of Rs 384 crore for the June quarter, marking a 30% increase from the previous year.

Gold and silver were trading in a tight range in the early trading session and gained after hefty 50 basis points rate cuts by the U.S. Fed in its monetary policy meetings but were unable to hold gains after the FOMC press conference. The Fed funds rates are now in the range of 4.75%-5.00%.

Goswami Infratech, part of the Shapoorji Pallonji group, has requested a three-month extension from bondholders for coupon payments on Rs 14,300 crore high-yield bonds. The company also seeks a one-month delay in the IPO deadline for Afcons Infrastructure to October 31. These extensions are crucial to avoid higher interest rates.

S Naren of ICICI Prudential AMC discusses the current bull market, which began in March 2023 due to attractive equity taxation. He highlights the role of liquidity and the potential for continued market growth if supply does not catch up with demand. Naren also advises caution in deploying new money.