Latest Stock Market News

The principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea by the Central Bank of India to commence bankruptcy proceedings against Kolkata-based Simplex Infrastructures.

Companies such as SBFC Finance, Concord Biotech, Jupiter LifeLine Hospitals, TVS Supply Chain Solutions, Balaji Speciality Chemicals, Yatra Online, Innova Captab, Aeroflex Industries, Rishabh Instruments, and Vishnu Prakash R Punglia are likely to launch their maiden public issue this month.

The next major support for the Nifty is at 19,161, which is the 50-Day Exponential Moving Average for the index, said Ashwin Ramani, derivatives & technical analyst at Samco Securities.

Data released after Indian trading hours on Wednesday showed that US private payrolls climbed by 324,000 jobs in July.

They included the Government of Singapore, ADIA, Government Pension Fund Global, Polar Capital Funds, HSBC MF, WF Asian Reconnaissance Fund, Amundi, Prudential Assurance Co and Pinebridge Global and domestic mutual funds.

Temasek will take up to a 3% stake in the company, which last year raised up to $250 million from British International Investments (BII) at a valuation of as much as $9.1 billion. The automaker is aggressively trying to lift the share of its electric SUVs in a market that is dominated by larger rival Tata Motors, as the government pushes to grow EV sales to 30% by 2030 from less than 2% on Thursday

His remarks come just over a week after the Fed raised its benchmark short-term interest rate by a quarter percentage point to a range of 5.25% to 5.50%, the 11th increase in an aggressive policy tightening campaign it kicked off in March 2022.

The lender announced the appointment of T Adhikari as managing director for five years, effective August 3. Adhikary came on board as a nominee director of Life Insurance Corporation of India, which is the parent of the mortgage lender

According to MS, the situation in India is in stark contrast to that in China

The public sector lender had posted losses in treasury income in the same quarter last year. The net interest income (NII) for the quarter is estimated to rise 30% year-on-year, according to an average estimate of five analysts