Latest Stock Market News

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

IndusInd Bank shares: In a regulatory filing on Thursday, the bank disclosed that a discrepancy was identified following a whistleblower complaint. The Audit Committee then instructed the Internal Audit Department (IAD) to investigate transactions recorded under both "other assets" and "other liabilities."

Patanjali Foods shares: Revenue from operations for the March quarter stood at Rs 9,692 crore, reflecting a 17.8% year-on-year increase from Rs 8,228 crore in the same period last year.

As a result, we believe that markets can remain volatile due to external factors (tariff war & India-Pakistan conflict) in the near-term, but expect fundamentals i.e., earnings & GDP growth to drive returns over the long-term.

Indian markets rebounded sharply on Thursday, with the Sensex rising over 1,200 points and the Nifty reclaiming 25,000. Strong gains in metals, auto, realty, and energy backed bullish momentum. Coromandel International, Shree Cement, and Aster DM Healthcare hit fresh 52-week highs. Analysts highlighted bullish chart patterns and expect further upside in the near term.

Indian markets are likely to open higher on Friday, supported by strong global cues and bullish signals from the derivatives segment. The Put-Call Ratio jumped to 1.08, while India VIX dropped nearly 2%. Experts recommend buying on dips with key support at 24,750. Stock picks include Trent, TVS Motor, ICICI Bank, and M&M for short-term traders.

Sandip Sabharwal suggests that market macros are favorable with decreasing inflation and interest rates, alongside increasing government spending. He believes geopolitical tensions are easing, creating a positive environment despite investor hesitancy. While advising investors to remain invested, he suggests staggering new investments. He also notes Reliance s potential for growth hinges on its investment cycle and cash flow generation.

Godfrey Phillips reported a 30.7% increase in consolidated net profit, reaching Rs 293.96 crore for the March quarter of FY25, alongside a significant 70.6% surge in revenue from operations. Despite increased expenses, the company s annual net profit also grew by 24.45%. However, analysts suggest a potential downside for the stock, despite its impressive gains over the past few months.