Latest Stock Market News

The Nifty surged 206.90 points, or 1%, to close at 20,096.60. The Sensex advanced 727.71 points, or 1.10%, to close at 66,901.91. Automobiles, banks and IT stocks were the top gainers with Axis Bank surging 3.9%, M&M rising 3.4% and Wipro moving up 2.3%.

Brent crude futures were up 43 cents, or 0.5%, to $82.11 a barrel by 11:32 a.m. ET [1632 GMT]. U.S. West Texas Intermediate (WTI) crude futures gained 49 cents, or 0.6%, at $76.90 a barrel.

Generally, an entity with a higher credit rating will be able to raise funds more easily compared to those having less credit worthiness.

U.S. Treasury benchmark 10-year yields are expected to be at 4.25% by the end of next year, said Mark Cabana, head of U.S. rates strategy at BofA, in a media briefing.

Greenpanel Industries Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 4237.39 Crore) operating in Building Materials sector.

Tata Motors shares rose to a lifetime high of Rs 714.40 on the National Stock Exchange intraday, before settling at Rs 712.35 with a little over 2% gains. The gains in the stock were backed by strong volumes of more than 16 million shares, way above the three-month daily average trading volume of over 9 million shares.

U.S. stocks ended marginally higher on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to eases