Latest Stock Market News

The stock quoted a 52-week high price of Rs 219.6 and a 52-week low of Rs 143.65.

“Among FMCG stocks, Marico, Nestle and Godrej Consumer are very well poised to gain more market share. We see a slight easing in commodities. Their margins should be much better given that volumes are expanding. And we are at the best part of the season now for the next six months.”

Bloomberg, which first reported the possible stake sale, said Siemens Energy may announce the divestment of shares in Siemens Ltd as early as this week, citing people familiar with the matter.

So then for the average Indian then begs the question; how should cryptocurrency be looked at or treated? Is it just another ideal alternative investment option to boost someone’s investment portfolio or has it matured into becoming an actual profit-making opportunity?

The Nifty Auto index was trading 0.9 per cent down at 16023.45.

For more such web stories click on the ET

BSE is in a strong uptrend and still looks positive for Rs 2,000 levels and investors can look to buy it in a staggered manner, Nilesh Jain, Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking said. He sees an immediate support at Rs 1,660.

"In India, as regulatory clarity evolves, it is clear that crypto is here to stay. The primary challenge lies in aligning the government’s stance with a user-friendly environment for crypto enthusiasts. This will encourage businesses that have remained one foot away based on previous uncertainties to plan for an entry into the sector. The opportunity then lies in growth of a global sector that can eventually innovate, mature and gain mainstream acceptance, particularly in a technology-savvy country like India."

On the technical charts, the RSI of the stock stood at 46.18.

A total of 4,483 shares changed hands on the counter till time (IST).