Latest Stock Market News

The Indian rupee rebounded from its recent losing streak, closing 0.2% higher against the US dollar, due in part to weaker-than-expected US jobs data. The dollar index also dropped 0.9% on Friday, benefiting emerging market FX carry, bringing foreign investors back to the Indian market. The rupee far forward premiums have seen tracking the drop in near-maturity US yields.

The Nifty Pharma index closed 0.12 per cent down at 13751.8.

“Instead, the issue primarily arose from the existence of thresholds for determination of BOs(beneficial owners) In fact, the thresholds were only lowered (i.e., made tighter) between 2014 and 2019,” Sebi said in its affidavit filed before the Supreme Court.

Number of bearish estimates is the sum of strong sell and sell calls from analysts covered by the forecaster data set.

Nifty has given over 10% return in FY24 on a year-to-date basis, led by resilient domestic demand and $14 billion worth of net inflows by foreign institutional investors (FIIs). Prabhudas values Nifty at 12% discount to its 10-year average PE (20.8X) to arrive at a 12-month target of 21,430 in the base case scenario. In the bull case, the 50-stock index could scale 24,353, the brokerage noted.

PVR Inox, a prominent player in the Indian cinema exhibition industry, witnessed a significant breakthrough on July 7, 2023. The stock closed at Rs 1439.85, crossing the 50 SMA of Rs 1416.75. PVR Inox operates a chain of multiplex cinemas, providing a wide range of entertainment options to movie enthusiasts.

​​And if your performance is strong, if you continue to get strong inflows, what happens is your cash levels in the portfolio starts going up and you may take time to deploy because all the other three things in terms of finding the right opportunity and at a price that you wish to invest may not be coming simultaneously.

There are different factors which different AMCs might look at while they are deciding on whether they want to stop the lump sum investment into their small cap schemes

Praj Industries, an Indian company specialising in sustainable solutions for bioenergy, water, and high purity process systems, showcased promising growth on July 7, 2023. Its stock closed at Rs 397.35, surpassing the 200 SMA of Rs 373.27.

The past 18 months have seen turmoil in the crytpo market, including the failure of TerraUSD, an unbacked stablecoin, in May 2022, the collapse of crytpo exchange FTX in November and the bankruptcy of banks such as Silicon Valley Bank and Signature Bank, which serviced crypto providers.