Latest Stock Market News

Jain’s investment — it came near the trough of the Adani stock meltdown — has been boosted by a rally in this week after the conglomerate’s green energy unit secured a $1.4 billion loan and a Bloomberg News report said US government found shortseller Hindenburg Research’s allegations irrelevant while advancing a $553 loan for Adani Ports and Special Economic Zone Ltd.’s Sri Lanka project.

The Nifty Realty index closed 0.29 per cent down at 732.2.

For more such web stories click on the ET icon below

In April, the bank had received board approval to raise Rs 4,500 crore either through a QIP or rights issue or via additional Tier-1 bonds. The lender also received approval to issue Basel-III compliant Tier-2 bonds upto an amount of Rs.2,000 crore.

Stay with top quality midcaps and smallcaps that have institutional interest because let us not forget in the last one month grade D and grade E have also done well. Everything is being painted with the same brush and there are Excel sheets out in terms of earnings visibility for the next 10 years which I do not think is a little fair to assess at this point of time.”

In its analysis, ETMarkets examined companies that maintained at least a 30% RoE in each of the past three fiscal years. Among the BSE smallcap stocks, 25 companies meet this criteria.

Meanwhile, the market capitalisation of all listed companies on BSE increased by Rs 2.56 lakh crore to Rs 349.02 lakh crore. Among Sensex stocks, Wipro, ITC, TCS, and L&T were the top gainers, rising 2-4%. Tata Motors, Nestle India, Infosys, M&M, and Reliance also ended in the green.

“For India, it is a good situation to be in where you have moderating global interest rates, a not so strong dollar, and not a crashing global economy. Inherent strength of domestic consumption should carry us through. Plus, the capex cycle which is just picking up should see us through the next two to three years.”

"Typically a lot of these policies are bought from friends or families or probably a banking relationship without a lot of research and after a couple of years, people understand that this policy probably does not match the financial goal that the person has, that is one of the largest reasons why people basically surrender their policy when they realise that the kind of returns that they are getting or the kind of commitment that they need to make is very high."

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