Stock Market Correction

Significant moderation in sales volume due to rural market slowdown, impact of heightened competition and increase in raw-material prices likely to impact profitability of the paint industry.

Stock markets: Analysts see a slow pace of recovery for the India stock markets, with Trump's Presidency and the Union Budget 2025, back home, holding the key to the recovery in investors' portfolio

Markets Today Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

Stock Market Today, Dec 31, 2024: The initial public offering (IPO) of Indo Farm Equipment will open for subscription today. The IPO will close on January 2, 2025

Broader indices have outperformed the Sensex and Nifty amid the recent market recovery, rallying up to 12% from November lows. These 5 mid-, small-cap stocks could swing up to 19% from present levels.

According to reports, the Group of Ministers (GoM) on GST rate rationalisation on Monday recommended a new slab of 35 per cent for tobacco, tobacco products and aerated drinks.

Thus far in the calendar year 2024, the market price of CreditAccess Grameen has plunged 46 per cent, as compared to 10 per cent rally in the BSE Sensex.

Coal India, Tata Elxsi, Schaeffler and ELGI Equipments have witnessed a 'Death Cross' pattern on the daily chart; hence are likely to face downward pressure going ahead.

Torrent Power shares slipped 5 per cent to Rs 1,507 and were trading at the lowest level since July 25, 2024.

The stock hit a new low even as the company denied allegations claimed by AICPDF around the company's practices with its distributors and distribution transition.

Gautam Adani, along with other executives, has been charged by US prosecutors for allegedly bribing ($250 million) Indian officials.

The company's profit after tax rose 17 per cent YoY at Rs 376 crore on account of other income.

The fall from peak levels in these segments, according to Gaurang Shah, senior vice-president at Geojit Financial Services has also been account of earnings disappointment besides amid high valuations

As many as 27 out of the Nifty 50 stocks are trading below their respective long-term moving average; analysts see this as an overall weak trend in the market.

Mamaearth is growing slower than expectations and Honasa said the company is making identified structural changes to bring it back to its growth trajectory in a few quarters.

In the worst case, the Nifty can slide another 14% towards 20,300-odd levels. For now, near support for the index is seen at 23,250 and 22,900 levels, shows technical chart.

Looking ahead, the company anticipates better performance owing to the new launch of Creat EV in January, along with the recent launch of new variants of the Venue and Alcaazar models.

The BSE Smallcap index slipped 2.5% or 1,346 points to 52,258 in Wednesday's intra-day trade and down 6.7% in the past one week as sustained FIIs selling and earnings disappointment weighed.

Till 09:17 am on Wednesday; as many as 26.14 million equity shares representing 10 per cent of total equity of PNB Housing Finance changed hands on the NSE, the exchange data shows.

Asian Paints stock was trading at 3-year lows, and had given a downside breakout on the monthly chart for the first time since May 2018; shows technical charts.