Latest Stock Market News

EIH Limited reported earnings before interest, tax, depreciation, and amortization (EBITDA) of Rs 180 crore for quarter one, up 53.1% year on year.Vikram Oberoi, CEO and MD of EIH Limited said the significant growth in revenue and profitability reflects the dedication of the team and the enduring trust of its valued guests

Continuous foreign fund outflows and weak trend in Asian and European markets also played spoilsport for the domestic markets

Bank of America analysts see the domestic market riding on large and mid-cap stocks from the financial, industrial, auto, staples, and pharma stocks, where it is overweight and cautious/under-weight on IT, utilities, materials and discretionaries.

The Commodity Futures Trading Commission separately fined affiliates of five of the same group another $260 million for related issues: Wells Fargo, BNP Paribas, Societe Generale, the Bank of Montreal and Wedbush Securities Inc

The Wall Street Journal said Walmart bought the shares from Tiger Global recently, valuing the Indian company at about $35 billion. This is down from a near-$38 billion valuation which Flipkart had attained in 2021.The U.S. retailer bought a 77% stake in Flipkart for about $16 billion in 2018

Companies that had cut back on their marketing budgets are looking to advertise again, bolstered by hopes of improving consumer sentiment as inflation has begun to cool

Promoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price of Rs 208 a piece

Brent crude futures were down $1.33, or about 1.6%, at $84.01 a barrel at 1047 GMT. U.S. West Texas Intermediate crude was down $1.23, or about 1.5%, at $80.71.

The hotel chain reported a total income of Rs 74 crore compared to Rs 63.4 crore in the corresponding period of the last fiscal year.

Dow down 128 points, S&P 500 opens lower by 20 pts and Nasdaq Composite drops 118 points