Latest Stock Market News

The Nifty Auto index closed 0.85 per cent up at 15916.1.

According to CDEL, its total outstanding amount is Rs 189.14 crore from loans or revolving facilities like cash credit from banks or financial institutions

Antique Stock Broking is bullish on industrial, defence, and railway stocks as the sectors have seen a significant jump in order books across companies

CA Rudramurthy, Head of Research at Vachana Investments, advises caution in midcaps and smallcaps as these stocks have started correcting. He points out that yesterday and today there has been underperformance in these sectors. He suggests selling when you can and not when you want, and shifting from momentum to value. He also mentions that the India VIX has been volatile but has not shown any specific moves. He recommends shorting weaker stocks such as Muthoot Finance and M&M Finance, while avoiding selling strong stocks like Escorts, HDFC Bank, and SBI.

On October 4, Wednesday, StockEdge detected 11 stocks trading in the overbought zone. In this article, ETMarkets delves into the significance of overbought conditions and explores 11 stocks that investors should keep an eye on.

For more such web stories click on the ET icon below

Considering the upper price band of Rs 140, the stock is likely to debut with a premium of 16%. The IPO received a healthy subscription of 29.7 times at the close

The Reserve Bank of India (RBI) has been intermittently selling U.S. dollars in the non-deliverable forwards, spot, and near-forwards markets to ensure the rupee does not breach the lifetime low of 83.29 hit in October 2022.

Asirvad Micro Finance, which began its journey in 2008 with just two branches in Tamil Nadu, has expanded its reach across India over the years. It has presence across 22 states and 4 UTs through a network of 1,684 branches as on March 31, 2023.

For more such web stories click on the ET icon below