Latest Stock Market News

Vijay Shekhar Sharma, CEO of Paytm, discusses the opportunities offered by GIFT City and the IFSCA. GIFT City is a place where global market access and domestic technology combine, allowing for the development of innovative solutions. Sharma mentions the plan to build a technology in GIFT City that addresses the challenge of global cross-border remittances. Additionally, he highlights the importance Vibrant Gujarat summit as a platform for fintech innovation.

The bears or CALL writers are leading the bulls or PUT writers by a huge margin at 21,700 Strike at Thursday’s close, Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities said, adding that strong call writing at a particular strike price, is usually considered as a sign of resistance getting stronger.

Like any investment, Bitcoin ETFs come with their own set of pros and cons. However, one notable advantage is that investors can gain exposure to Bitcoin through regulated entities, alleviating concerns about cryptocurrency storage.

The stock quoted a 52-week high price of Rs 361.95 and a 52-week low of Rs 182.45.

Several HNIs and institutional investors have dumped Polycab shares. NSE bulk deals data shows that Smallcap World Fund sold 8.5 lakh shares of the company yesterday.

As of 30-Sep-2023, promoters held 63.97 per cent stake in the company, while FIIs held 12.39 per cent and domestic institutional investors had 9.81 per cent.

Revenue for the quarter ended December is seen growing anywhere between 17-18%, according to an average estimate of four brokerages. Meanwhile, net profit is likely to rise around 23% year-on-year.

Brent crude futures were up $1.81, or 2.3%, at $79.22 a barrel, while U.S. West Texas Intermediate crude futures were trading $1.80, or 2.5% higher, at $73.82 at 0154 GMT.

Stocks that were in focus included names like HCL Tech, which rose 0.02%, SBI Life, which fell 1.48%, and Apollo Hospitals, whose shares jumped 1% on Thursday.

The upcoming Budget 2024 or Vote on Account is anticipated to focus on tax relief measures, infrastructure projects, agriculture, rural development, and fiscal discipline. Sectors such as FMCG, healthcare, construction, cement, steel, public sector banks, green energy, EMS, railways, defence, packaging, and ESG are likely to receive attention. Investors should watch for government spending priorities and policy direction, as well as global uncertainties and interest rates.