Latest Stock Market News

Markets face a "ballot box bombshell", financial services group Morningstar says, adding: "prior experience of this kind of event risk shows big changes can cause sell-offs".

Promoters held 43.92 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 15.02 per cent and 2.7 per cent, respectively.

The stock quoted a 52-week high price of Rs 1298.5 and low of Rs 744.0.

Gopal Srinivasan says the reduction in private equity funding in 2023 is seen as a cleansing process, with buyout activity and focus on energy and manufacturing showing promise. The trajectory for the start-up space in the budget is anticipated in the June budget, with expectations for improved tax structures and progressive regulation. Larger start-ups preparing for IPOs are expected to correct the exuberance of 2021 and focus on sustainable growth.

The Zomato stock hit a 52-week high on Thursday after the brokerage HSBC gave an "extremely strong 2023" review on the stock. The company reported profits in back-to-back quarters ended June and September.

A total of 7,310 shares changed hands on the counter till 01:04PM (IST)

The Nifty Realty index closed 0.11 per cent down at 865.8.

SK Ghosh says: “We found out that 65% of the overall consumption in private final consumption expenditure has possibly declined to close to 60% for 10% of the population. That is basically around 8.2 trillion. So what I am trying to say is that 8.2 trillion consumption expenditure may have possibly shifted from the top of the pyramid to the bottom of the pyramid.”