Latest Stock Market News

Six NSE midcap companies, including Coforge, Muthoot Finance, Hero MotoCorp, and Persistent Systems, reported rising EPS for four consecutive quarters, signaling profitability growth, sound management, and potential for sustained long-term performance.

Indian markets traded lower on Thursday amid ongoing volatility and monthly expiry pressures. Analyst Rahul Sharma flagged Nifty’s 24,600 level as key, noting that selling on rises could continue. Bank Nifty may see short covering if key levels hold.

Aditya Birla Capital s subsidiary, Aditya Birla Capital Digital, has received in-principle authorisation from the Reserve Bank of India to operate as an online payment aggregator. This approval allows the company to strengthen its presence in India s digital payments ecosystem, providing seamless payment aggregation services. The move is expected to enhance Aditya Birla Capital s competitive positioning in the financial services sector.

Adani Share Price: The Competition Commission of India (CCI) has approved Adani Group s acquisition of Jaiprakash Associates Ltd (JAL), a significant step in Adani s infrastructure and real estate expansion. JAL, undergoing insolvency proceedings with substantial creditor claims, possesses extensive assets, including real estate projects, commercial properties, and cement plants. The Committee of Creditors will now review resolution plans.

Indian markets are showing positive economic signs. Inflation is easing and rate cuts are expected. Naveen Kulkarni of Axis Securities PMS suggests smallcaps are undervalued. GST reforms could boost consumption. Sectors like autos, hospitality, and BFSI are in focus. Growth stocks may outperform value stocks. Investors are eyeing opportunities beyond largecaps for better returns in the coming months.

The Indian IT sector is showing signs of recovery. Valuations reflect existing pessimism. Mid-tier companies are focusing on AI and automation. Revenue growth in these areas could lead to a sector rerating. Power, manufacturing, and consumption sectors are expected to drive market growth. Investors should watch for earnings delivery to justify valuations.

Ashiana Housing has acquired approximately 23 acres of land in Chennai. The company plans to develop a senior living housing project. The project has a revenue potential of Rs 1,200 crore. The land was acquired from Mahindra World City Developers Ltd. The project will consist of villas and apartments. Ashiana Housing aims to expand into Bengaluru and Mumbai.

Berkshire Hathaway increased its stake in Mitsubishi Corp to 10.23% through National Indemnity Company.

Delhi International Airport is set to raise 10 billion rupees ($114.28 million) through the sale of 15-year bonds. Bids from bankers and investors have been invited for Friday, with a quarterly coupon payment structure. The coupon rate, currently at 8.75%, will be reset after the fifth and tenth years.

A 5-year swing high marks the highest price a stock has reached in the past five years. It often acts as a significant resistance level where prices have historically struggled to break through.