Latest Stock Market News

Short buildup means more people are expecting the prices to go down and creating short positions.

A total of 140,959 shares changed hands on the counter till 12:49PM (IST).

According to Trendlyne data, IndusInd Bank, Karnataka Bank, Karur Vysya Bank and Federal Bank are among the private sector bank stocks trading at lower PE compared to their sector PE.

JPMorgan maintained an underweight rating on Dr Reddy’s Laboratories with a target price of Rs 4610. Form 483 observations are likely to result in an overhang, it said.

In international debates, the economists say India can make common cause on some issues with China, for China, too, is a power that has had little say in the structuring of international arrangements.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The Relative Strength Index of the stock stood at 56.64 on Tuesday.

Gold futures on the MCX have lost 2.43% or Rs 1,523 per 10 grams on a month-to-date basis. They are up by 11.09% or Rs 6,100 on a year-to-date basis as of Monday, December 11. Meanwhile, silver futures have declined nearly Rs 5,651 or 7.29% in value terms in December while gaining 3.53% or Rs 2,451 on a YTD basis.

Balmer Lawrie & Company Ltd., incorporated in the year 1924, is a Small Cap company (having a market cap of Rs 2901.94 Crore) operating in Diversified sector.

The CMEGroup’s FedWatch tool shows that more than 98% probability of the Federal Open Market Committee leaving the federal funds target range at 5.25-5.50%.