Latest Stock Market News

Nifty has witnessed a rise of approximately 4% in the year 2023 so far, and among the Nifty50 pack, 39 stocks have shown positive returns but there are still 11 stocks that continue to trade below their 2022 levels.

As of 31-Mar-2023, promoters held 30.3 per cent stake in the company, while FIIs held 20.57 per cent and domestic institutional investors had 14.94 per cent.

The stock traded at a P/E multiple of 17.63, while the price-to-book value ratio stood at 1.61.

The Relative Strength Index of the stock stood at 79.44 on Thursday.

​But I think it is getting resolved in the minds of investors. And if growth is making a comeback that we believe it is, Bajaj Finance could lead the NBFC pack at the moment.

The Indian rupee rose by 8 paise to 81.93 against the US dollar due to a weak dollar and strong inflow of foreign funds into domestic equity markets. Forex traders said declining crude prices helped the rupee, and concerns of a possible further interest rate increase by the US Fed also weakened the dollar. The dollar index fell 0.05% to 102.03, while benchmark Brent crude traded 0.30% lower at $76.89 per barrel. Meanwhile, foreign institutional investors bought shares worth Rs 4,013.10 crore in the capital markets on Wednesday.

​We have done correlation analysis of rainfall with sector sales and the only sector where rainfall tends to affect sales volumes is two wheelers. It does not tend to matter too much for cement, four wheelers, tractors and so on. But for two wheelers, we have historically seen an impact of lower rainfall on sector sales.

Tube Investments of India, incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 61823.88 Crore) operating in Consumer Durables sector.

The Nifty Realty index was trading 0.06 per cent down at 513.85.

​So to characterize all of this, the hole that was created in the Indian economy due to the lockdowns in the past has now largely been filled.