Latest Stock Market News

The yen was last roughly 0.3% higher at 140.77 per dollar, nursing some of its heavy loss from Friday after the BOJ maintained ultra-low rates, though made its bond yield curve control (YCC) policy more flexible and loosened its defence of a long-term rate cap.

Brent and WTI settled on Friday at their highest levels since April, gaining for a fifth straight week, as tightening oil supplies globally and expectations of an end to U.S. interest rate hikes supported prices. Both are on track to close July with their biggest monthly gains since January 2022.

Data on Friday showed annual U.S. inflation rose at its slowest pace in more than two years in June, cementing expectations that the Federal Reserve was closer to ending its fastest interest rate hiking cycle since the 1980s.

​It is a one-day candlestick pattern wherein there is a small green real body and lower shadow extending from the body and is formed at the bottom of a downtrend.​

Significantly RBI data indicates a surge under all major heads of eligible transactions. But Spends on overseas travel which accounts for over half of LRS or liberalised remittances scheme rose 50 percent in May to $1.5 billion.

Overall bank borrowings stood at a whopping Rs 8.2 lakh crore as on July 14, a day after the record date for the merger, the latest data published by the Reserve Bank of India (RBI) showed. This is Rs 2.7 lakh crore higher than the previous record high posted on October 21, 2022.

Nirma Group is likely to acquire an 82.84% stake in Glenmark Life Sciences in a deal worth INR 6,664 to INR 7,000 crore. The company has emerged as the sole bidder following the deadline last week, with the acquisition likely to be facilitated by healthcare subsidiary Aculife Healthcare.

Reliance Capital is undergoing in-court restructuring and the creditors have approved a resolution plan of ₹9,660 crore offered by Hinduja Group company IndusInd International Holdings. Its committee of creditors earlier this month approved a proposal to invest in the insurance unit to help maintain its market share and step up growth, as reported by ET on July 20.

The recent performance of the Sensex, BSE Mid Cap, and BSE Small Cap indices since the Covid fear peak in April 2020 sheds light on this investor behaviour. While the Sensex returned a respectable 33%, the BSE Mid Cap outperformed at 42%, but it was the BSE Small Cap that gave an astounding 53% return.

We have spoken to the other shareholders and advised the respective management in these subsidiaries to prepare a road map for listing.