Latest Stock Market News

As of November 7, the total value of these holdings stands at approximately Rs 379 crore.

“The world economy goes through cycles. We continue to build upon some of our internal inherent strengths, we continue to invest in infrastructure, we continue to push for certain key strategic sectors where we think we have a strong position in the future and build up strength there for example in pharmaceuticals and in certain areas of manufacturing. ”

The billionaire Mukesh Ambani-led company aims to raise up to 200 billion rupees ($2.40 billion) via 10-year bonds on Thursday, its first such fundraise since May 2020.

The stock market witnessed an impressive rally as several Nifty 200 stocks broke through their 50-day Simple Moving Average (SMA) on November 7. These stocks span various sectors, indicating a positive outlook for the broader market.

The stock quoted a 52-week high price of Rs 2796.15 and a 52-week low of Rs 2250.85.

Several large and midcap stocks displayed remarkable resilience by surpassing their 100-day Simple Moving Average (SMA) on November 7. These stocks represent a diverse range of industries and are positioned for potential growth.

"19,450 is going to be the first hurdle that Nifty is facing. We are pretty close to that and once we get past that, we should head towards 19,700. Even in the Bank Nifty, we are very close to the 40-day average, which is around 43,680. We can go towards 43,800 or slightly higher. "

The rupee ended at 83.2725 against the U.S. dollar, compared with its close of 83.2575 in the previous session. The local unit has remained range-bound between 83.14 and 83.2950 so far in November.