Latest Stock Market News

Zomato Share Price: On Monday, Motilal Oswal Mutual Fund sold a partial stake in this online food delivery aggregator through the open market and raked in a profit of Rs 622 crore. Since then, it has been downhill for the counter.

As the Indian crypto industry eagerly awaits the Interim Budget 2024, experts are focused on how the Central Government will shape regulations for virtual digital assets (VDAs). One key demand is the abolition of the 1% Tax Deducted at Source (TDS), which hampers investor participation. Industry voices hope for a reduced TDS rate of 0.01% and the ability to offset losses against gains.

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

The Nifty Realty index was trading 1.27 per cent down at 857.6.

The stock quoted a 52-week high of Rs 29249.1 and a 52-week low of Rs 21433.25.

A total of 5,380 shares changed hands on the counter till 12:00PM (IST).

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IT services company LTIMindtree is expected to report a modest revenue growth for the December quarter, with a constant currency revenue growth of 0.9-1.5% on a sequential basis. The profit for the same period is expected to rise 18% year-on-year and 2% quarter-on-quarter. Deal wins are anticipated to be healthy, with a total contract value of $1.25 billion.

Brokerage firm Morgan Stanley maintained an underweight rating on L&T Technologies, Nuvama downgraded HDFC Bank post Q3 results, and an overweight rating on ICICI Lombard. UBS maintained a buy rating on GAIL India.