Latest Stock Market News

Typically, the coupon rates – or interest paid to investors – for SBI’s bonds are the lowest in the banking sector, as the lender witnesses firm demand for its debt offerings, given its government ownership and status as the country’s largest bank

Since September 15, when Nifty hit lifetime intra-day peak of 20,222.45 and Sensex 67,927.23, Tech Mahindra and Wipro have been the biggest losers among bluechips with a 14% loss during the period. Peer Infosys is down around 10% since then.

Several major stocks made significant moves by surpassing their 100-day SMA, signaling potential changes in their stock trends.

Contrary to expectations, shares of IRM Energy made a muted debut on the exchanges by listing at a 5% discount. Most analysts were expecting a marginal premium debut.

The Nifty Pharma index closed 1.02 per cent down at 14648.55.

Open Interest (OI) data showed that on the Call side, the highest OI was at 19,000 followed by 19,100 strike prices, while on the Put side, the highest OI was at the 18,500 strike price.

Westlife Food world Ltd on Thursday reported a 29.05 per cent decline in consolidated net profit to Rs 22.37 crore for the second quarter ended September 2023 due to challenging market conditions.

On the technical charts, the RSI of the stock stood at 29.99.

A total of 991,431 shares changed hands on the counter till 02:09PM (IST).