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Latest Stock Market News

IRCON International shares:IRCON International reported a 3.8% year-on-year (YoY) decline in net profit to Rs 246.8 crore for the fourth quarter ended March 31, 2024, compared to Rs 256.5 crore in the same period last year.

Investors often underperform mutual funds due to poorly timed decisions like frequent switching and chasing trends, creating a "return gap." Kaustubh Belapurkar advises diversifying, automating tasks, and avoiding volatile funds to improve returns. Despite recent dips in equity inflows, strong market performance and continued SIP investments signal resilience, though thematic fund popularity raises concerns about timing risk.

Mirae Asset s Siddhant Chhabria anticipates a multi-year consumption upcycle in India, fueled by easing inflation, tax reliefs, and a rural rebound. The fund is overweight on consumer discretionary stocks, expecting them to outpace staples due to faster growth potential and margin recovery. He highlights the potential impact of the 8th Pay Commission and tax benefits on discretionary spending.

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Coal India is progressing with listing its subsidiaries, Bharat Coking Coal Ltd and Central Mine Planning and Design Institute, with draft documents soon to be filed. The company has appointed managers for the IPOs, contingent on market conditions.

Ace investor Mukul Agrawal added Onesource Speciality Pharma and Jagsonpal Pharma to his portfolio in the March quarter while exiting six stocks, including Ethos and Ceat.

Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests the market is experiencing sector and stock rotations, with investors shifting from significantly appreciated stocks like Reliance to previously neglected sectors such as metals, public sector banks, and IT.

The Nifty futures ended in the red on Tuesday, declining by 0.78% to settle at 24,782 levels. Meanwhile, India VIX edged up slightly to close at 17.38 in the previous session.

Indian stock markets saw a positive start on Wednesday. Sensex and Nifty50 both opened with gains, recovering from a previous dip. Banking, auto, and IT sectors led the market rally. Sun Pharma, Maruti Suzuki, and HDFC Bank were among the top performing stocks. However, concerns about foreign fund outflows could limit further market gains.

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Aster DM Healthcare announced a consolidated net profit of Rupees 85.54 crore for the fourth quarter, which ended on March 31, 2025. The company s revenue from operations for the quarter stood at Rupees 1,000.34 crore. For fiscal year 2025, the consolidated net profit was Rupees 5,407.89 crore. The separation of its Gulf Cooperation Council business was completed.

Gold prices have fallen by Rs 2,500 over the past month amid high volatility, influenced by Moody’s US downgrade and shifting Federal Reserve interest rate outlooks. June futures on MCX opened higher, while silver also gained. Experts expect gold to hold support near $3,120 per ounce amid uncertain global cues and potential Russia-Ukraine ceasefire impacts.

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