Latest Stock Market News

Sandip Sabharwal says: : "The outlook is good for most of the large private sector banks. It is just that you need to wait for the correction to get over because as the correction plays out, you will also see these banks form a large proportion of the index as well as the holdings correct. It is a matter of when to buy, not whether to buy. I would say 5% to 7% lower in all of these banks should be good levels."

MCX Gold December contract is forming a higher high and higher low pattern, indicating bullishness with the price currently trading above its 21 & 50 Days EMA, Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies said.

Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.

At the interbank foreign exchange, the domestic currency opened at 83.25 against the greenback, 2 paise higher from its previous close.

The stock quoted a 52-week high price of Rs 1123.95 and low of Rs 730.9.

Brokerage UBS maintained a buy rating on Zomato and initiated coverage on Adani Ports and Delhivery. Motilal Oswal recommended a buy on Siemens.

The Nifty Bank index was trading 0.15 per cent up at 47914.15.

Metro Brands Ltd. key Products/Revenue Segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2023.

:Those who missed the rally can still look to buy the stock for a possible break above 1000 levels in the next 3-4 weeks, suggest experts.

Taher Badshah says: "The beauty of our business is that every day is different and involves a lot of learning. Over the years, my role too, has transformed from research to portfolio management and further now to driving the business. This makes it exciting and challenging but also brings a different level of stress. The industry was always competitive, but the fast-changing configuration of markets and the regulatory landscape make it far more challenging."