Latest Stock Market News

The Dow Jones Industrial Average rose 38.67 points, or 0.11%, at the open to 35,558.79.

IHCL also announces the acquisition of Pamodzi Hotels PLC (presently a listed company in Zambia) from Tata International Singapore PTE for $ 15 million

The Securities and Exchange Board of India (SEBI) has made it mandatory for non-individual Foreign Portfolio Investors (FPIs) to provide the legal entity identifier (LEI) details in the common application form used for account opening, registration and KYC. The LEI is a 20-character code that identifies legal

The offer for sale of Rail Vikas Nigam (RVNL) received 2.73 times subscription from non-retail users. The government decided to offload 3.4% equity on Day 1 and exercise the green shoe option to sell an additional 1.96% stake. Friday is the T+1 day, and retail investors will be allowed to place their bids.

Meta, the parent company of Facebook, saw its shares surge by almost 8% after a positive second-quarter earnings report. The rise in ad revenue, driven by strong engagement with AI-powered campaigns, was a standout performance, with analysts praising figures showing 12% growth despite the uncertain economic picture.

Blue Dart Express, the Indian logistics services provider, has reported a consolidated net profit of INR 621.8m ($7.6m) for Q2 2022. This is a 48% YoY/QoQ decline, despite a correction in the aviation turbine fuel that accounts for 40% of the operating costs. Reduced fuel prices and soft demand across e-commerce

“In terms of pecking order in banks, we like HDFC Bank. After the merger with HDFC, the economies of scale have come into the picture and no one can ignore the strength and the large size and the skill it brings to the table. The second is ICICI Bank with an excellent set of numbers, expansion in ROEs and good profitability.”

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Discover the power of the Golden Crossover in assessing stock movements as ETMarkets handpicks 10 Nifty50 stocks that have witnessed this bullish pattern. Unravel the concept of the Golden Crossover and its importance in helping potential investors make informed decisions in the dynamic stock market.

The Nifty Auto index closed 1.21 per cent down at 15572.0.