Latest Stock Market News

"For some of these companies including Zomato, Paytm, PB Fintech, the glide path to profitability guidance has been more or less met as per the market expectation. In fact, Zomato reported a profit two quarters ahead of the guidance. In Paytm also, the payment business is doing pretty well. They added 11 lakh plus merchants on the subscription services."

It all points to evidence that local-currency bonds, which have been the standout trade in emerging markets this year, are now facing tougher competition from stocks

The price action on the daily timeframe evinces a tepid pullback from the pivotal support near 1422 levels. The price action has formed a relatively smaller but constructive base and is attempting to fill the former gap-down area.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

India and China both offer investors the chance to profit from rising powers’ economic growth. India could experience a decades-long investment boom. Goldman Sachs Group Inc. analysts expect its share of global equity market capitalization to quadruple between now and 2075—reaching 12%, when it will be neck and neck with China’s.

Promoter entity Infinite Trade And Investment has sold partial stake in Adani Green through bulk deals on Monday, while a Qatar-based sovereign fund bought some shares.

High attrition rates in private sector banks has increased the appeal of public sector banks (PSBs) for job seekers. HDFC Bank, Axis Bank and Kotak Mahindra Bank have all recorded attrition rates between 34% and 50%, whereas PSBs such as State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank have experienced attrition rates of less than 5%.

Separately, the regulator said it is reviewing the eligibility criteria for introduction and continuation of stocks in the derivatives segment.

​​The first tranche will be implemented in the September review, the second one in the December review, and the last in March 2024.

The fund has received regulatory approval from the Securities and Exchange Board of India under the Alternative Investment Fund (AIF) Category II.