Latest Stock Market News

“Incremental growth in terms of the pace of construction at the national highway level may not really accelerate from here. What can happen and seems to be happening, is that in state highways, a lot of work seems to be happening in Maharashtra, Uttar Pradesh and several other states. That is where there can be some acceleration.”

Bitcoin recently broke the long-term resistance at $26,800, attributed to the “double top” pattern seen in the 4-hour period. This breach also marked a successful breakout of the previous downtrend line, signaling the potential for a continued bullish trend.

A total of 321,521 shares changed hands on the counter till 02:05PM (IST)

With prices advancing by more than 30% since mid-June to breach $95 a barrel on Tuesday, Goldman Sachs nudged up its 12-month forecast for global benchmark Brent to $100 a barrel from $93. However, most of the rally in the vital commodity “is behind us,” the bank said in a note.

Low PE stocks are considered as value stocks, which are best suited for long-term investment horizons.

“There will be a range-bound market at least for the next few months until the next trigger comes in. Valuations for the Nifty are slightly above 18 times one year forward PE, and that is not terribly expensive. In India, actually, it is the mid and small caps that have rallied. The large caps will still hold pretty till the end of the year.”

Ahead of the listing, EMS shares are fetching a premium of Rs 82 in the unlisted market. At the upper price band of Rs 211, EMS shares are expected to list at a strong premium of 39%.

While today is the last day of bidding for Yatra Online IPO, Sai Silks and Signature Global public offers opened today. The IPO of Sai Silks (Kalamandir) was subscribed just 4% so far on the first day of the bidding process. While the retail category was subscribed 7%, the NII part was booked only 2%. There were no bids yet in the QIB portion.