Latest Stock Market News

The greenback recovered against most currencies after the data, with the euro and sterling hitting three-month lows and the yen touching session troughs

From the Sensex pack, Bharti Airtel, HDFC Bank, Titan, UltraTech Cement, ITC, Sun Pharma, Bajaj Finserv, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank were among the major gainers.

The IPO with a face value of Rs 2 consists of a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million by the promoter and other selling shareholders.

The pending decision by the five-member U.S. Securities and Exchange Commission marks the latest fraught turn in a decade-long effort to complete the so-called Consolidated Audit Trail (CAT), a repository of investor and transaction data meant to give regulators overarching visibility into U.S. market operations.

Fag-end buying helped the BSE Sensex climb 100 points to settle at 65,880.52. During the day, it had declined 292 points to 65,488.03

Instant settlement will reduce counterparty risk that investors face in case of default or delay by the counterparty. Counterparty risk is the risk that arises when one party involved in a trade fails to fulfill its obligations to the other party

The Dow Jones Industrial Average fell 30.29 points, or 0.09%, at the open to 34,611.68

Midcap stocks have been active movers on Dalal Street this year with Nifty Midcap 100 index crossing the 40,000 mark for the first time on Tuesday

"Fears of recession in the U.S. having constantly been pushed back as we see resilience in the activity data are giving a boost to the U.S. dollar," said Edward Gardner, commodities economist at Capital Economics.

Under the OFS, Blue Chandra Pte will offload 84.2 lakh shares, Goldman Sachs will sell up to 49.31 lakh equity shares and GTI Capital Alpha will give up 1.4 lakh shares.