Latest Stock Market News

Ashok Leyland shares: The Chennai-based automaker announced on Wednesday that a prolonged economic downturn in the British bus industry, along with a slower-than-anticipated shift to electric vehicles (EVs) in public transport, has hindered growth, leading the company to consider shutting down operations at its Sherburn facility.

Waaree RTL confirmed that it has been awarded a contract by Waaree Energies Limited, its promoter group entity. The project involves Engineering, Procurement, and Construction (EPC) work for a Ground Mount Solar Power Project with a total capacity of 170 MW AC / 255 MW DC, including Operation and Maintenance (O&M) on a turnkey basis.

The Indian market is expected to consolidate on Thursday, with the Nifty futures closing down 0.81% on Wednesday. Despite a slight pullback after last week’s rally, experts suggest a range-bound trading between 23,000 to 24,000. Several stock recommendations have been provided by market experts for short-term traders, with a focus on specific F&O and cash market stocks.

Anand Rathi has initiated coverage on Unimech Aerospace and Manufacturing with a Buy call and a target price of Rs 1,315. The company focuses on high-precision components for aerospace and nuclear energy sectors. With a dynamic management team and ongoing capacity expansions, Unimech aims for significant growth. Promoters hold 79.82% stake, while FIIs and DIIs own smaller portions.

Three Nifty200 stocks—Siemens, Bosch, and Kalyan Jewellers—showed an RSI uptrend, crossing above 50, indicating strengthening momentum and potential buying opportunities for traders.

Indian benchmark indices Sensex and Nifty 50 rebounded on Thursday after an early dip caused by concerns over US tariffs on auto imports. The IT sector provided support, while the auto sector lagged due to the new import tariffs. Market volatility is expected due to global trade uncertainties.

The Nifty Auto index dropped by 1.6%, trading at 21,385, with 14 stocks in the red and just one stock in the green. Bharat Forge, Ashok Leyland, Balkrishna Industries, Eicher Motors, Bajaj Auto, Apollo Tyres, MRF, TVS Motor Company, Mahindra & Mahindra, Maruti Suzuki, and Hero MotoCorp saw declines ranging from 3% to 0.2%. Exide Industries showed a slight increase in early trading.

ICICI Securities maintains a buy call on Jindal Stainless with a revised target price of Rs 760. The company, reporting strong quarterly earnings with a total income of Rs 10,006.41 crores and net profit of Rs 668.78 crores, faces a delay in downstream capacity ramp-ups.

Gold and silver futures opened higher on MCX, with gold rising by Rs 276 to Rs 87,914/10g and silver increasing by Rs 217 to Rs 99,703/kg. Market volatility continues amid US trade tariff concerns, dollar index fluctuations, and Middle East tensions. Analysts expect prices to remain volatile but supported.