Latest Stock Market News

A total of 91,202 shares changed hands on the counter till 12:48PM (IST).

The stock quoted a 52-week high price of Rs 451.0 and a 52-week low of Rs 280.2.

The S&P BSE Sensex closed 0.24% lower at 71,315, while the NSE Nifty 50 index closed below the 21,450 level

State Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.

The US Fed Rates are at 5-5.25%. Inflation is also around 3.2%, which is comforting and probably the reason why the Fed has paused hikes. Interest rates are back to 2007 levels.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 20.05 per cent and 10.02 per cent, respectively.

In anticipation of a broader market rally, three stocks have formed a strong setup on the charts for further rally, giving a good risk-reward ratio.

Muthoot Microfin IPO GMP: At 11:15 am, the issue attracted bids for 3,33,38,445 shares or 1.37 times the issue size of 2,43,87,447 shares. The quota reserved for retail individual investors (RIIs) was subscribed 2.30 times. The issue was subscribed to 99% in the NII category. There were no bids from qualified institutional buyers so far.

India offers “a much more constructive story for capital markets than the rest of Asia. It is as wide open as we have seen it for a while,” said Udhay Furtado, co-head of ECM, Asia Pacific at Citigroup Inc. “Bigger names could be potential candidates for 2024 listings.”