Latest Stock Market News

The Indian rupee strengthened versus the US dollar, closing at 83.7925 per US dollar on Tuesday due to a weaker dollar index and inflows in local stocks and bonds. A fall in crude oil prices also aided the local currency.

The committee of creditors (CoC) of SKS Power Generation, comprising the State Bank of India (SBI) and the Bank of Baroda (BoB), informed the National Company Law Appellate Tribunal (NCLAT) on Tuesday that the resolution plan submitted by Sarda Energy and Minerals (SEML) was approved with 100% voting.

Sometimes stocks owned for a longer period are sold either to book profit or to exit it in anticipation of impending bearishness.

PVR Inox’s stock has gained 5% in the past three trading sessions following the success of Stree 2 and on account of factors such as strong line-up of films in the coming months and timely expansion of capacity in the southern region.

Investors showed interest in banks, auto, power, and utilities sectors, while capital goods, infrastructure, and FMCG stocks experienced selling pressure.

The Dow Jones Industrial Average fell 22.0 points, or 0.05%, at the open to 40,874.52

Antfin Singapore Holding sold Zomato shares worth Rs 4,771 crore on Tuesday through two block deals. Over 18.54 crore shares were sold at a premium over the floor price. The final stock price closed at Rs 263.20 on the NSE.

Short covering involves purchasing shares to close out a short position, indicating a shift from extreme bearishness to bullishness. On Tuesday, 5 stocks experienced short covering. Here’s the list.

Real estate firm Kalpataru Ltd, which plans to launch its maiden public issue, has posted a consolidated net loss of Rs 100.74 crore during the last financial year on lower income.