Stock Market Updates

By: HDFC Securities
  • Summary

  • Stay updated with the latest happenings in the world of stock markets with our expert analysts
    HDFC Securities
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Episodes
  • Market Savera - 20/09/2024
    Sep 20 2024

    The Dow ended above 42,000 for the first time ever, while also logging a record close alongside the S&P 500. U.S. stocks surged a day after the Federal Reserve cut interest rates for the first time in four years on growing optimism that the Federal Reserve's jumbo interest rate cut will deliver a "soft landing" for the US economy.


    Uno Minda lines up over Rs 610 crore investments on new plant in Indonesia, India capacity expansion


    RBI lifts restrictions on IIFL Finance's gold loan business


    AU Small Finance Bank ties up with Niva Bupa to offer health insurance products


    Asian shares extended their rally on Friday, benefitting in the afterglow of an outsized interest rate cut in the United States.


    Nifty 50 settled at the highest closing level as risk appetite improved overall after the US Fed reduced the key rate and guided for more. At close, Nifty was up 38.3 points at 25415.8. The Nifty could face resistance at 25612 while the 25130-25285 band could offer support in the near term.


    Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Sept 19

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    2 mins
  • Market Savera - 19/09/2024
    Sep 19 2024

    U.S. stocks finished lower after choppy trading in the aftermath of the Federal Reserve's decision to lower its benchmark interest rate by half a percentage point, an aggressive start to a monetary-easing cycle in the world’s largest economy. A rally that briefly drove stocks to their all-time highs bumped into a wall as the Federal Reserve signalled it’s not in a rush to ease policy after cutting rates by a half-point. Jerome Powell cautioned against assuming big rate cuts would continue.


    The Indian government's advance tax collection in this financial year surged 22.6% to Rs 4.36 lakh crore till Sept. 17, indicating a sustained momentum in the economy and strong corporate performance.


    Lupin entered into a Non-Exclusive Patent Licensing agreement with Takeda to commercialize Vonoprazan, a Novel Gastro-Intestinal Drug


    Garden Reach bags US$ 54 million order, Centre upgrades PSU to 'Schedule A' category


    B L Kashyap received an order worth Rs 221 crore


    Asian stocks mostly rose after the U.S. Federal Reserve began its easing cycle with a large rate cut, though it tinkered that with a balanced outlook as it seeks to keep the economy ticking over.


    Nifty took a U-turn after hitting a new all-time high of 25482 in the first half of Sept 18. Nifty erased all the gains in the second half and closed the session with the loss of 41 points or 0.16% at 25377.


    Nifty must surpass the hurdle of 25500 for the momentum to pick up. On the lower side, 25200 could offer support in the near term.


    Indian markets could open mildly higher, in line with mostly higher Asian markets today and despite negative US markets on Sept 18.

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    3 mins
  • Market Savera 18/09/2024
    Sep 18 2024

    US stocks glided near all-time highs ahead of the Federal Reserve decision, with traders divided on the size of an interest-rate cut.

    Crude oil futures finished higher Tuesday, appearing to get a lift after pagers carried by Hezbollah operatives in Lebanon exploded around the same time.

    The Government of India will no longer impose windfall tax on crude oil.

    India has displaced China as the world's largest MSCI EM market. As of the end of August, India is now in the pole position across EM markets, as per MSCI IMI.


    Torrent Power bags 1,500 MW Pumped Hydro Storage project in Maharashtra

    GPT Infraprojects bags order valued at Rs 204 crore

    Hindalco plans to start solar module manufacturing in Gujarat


    Asian shares were mostly higher Wednesday as markets focused on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years. South Korea and Hong Kong markets are closed today while markets in mainland China will resume trade after a nationwide three-day holiday.

    Nifty 50 ended at the highest closing level on Sept 17 after a narrow range day. At close, Nifty was up 0.14% or 34.8 points at 25418.6. Nifty is consolidating ahead of the big event. A breakout of the 25292-25442 band could result in a sharper move in that direction.


    Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and flat US markets on Sept 17

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    3 mins

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