Latest Stock Market News

Yes, so actually this year because of associated with the expected El Nino which is almost certain because all the models are indicating a probability of around more than 95 percentage, so generally El Nino related associated with that monsoon is to be below normal, it happens.

A total of 11,305 shares changed hands on the counter till 10:30AM (IST)

We saw a phase after that when new infra projects came up and banks financed those despite not having long-tenure liabilities to match these assets. As a result, we saw NPA issues in the banking system because of delays in infrastructure projects.

For instance, promoters of Dhampur Sugar bought 10.35 lakh shares of the company worth ₹22 crore in May. The company registered strong numbers for March, with revenue growing 43% year-on to ₹759 crore and EBIDTA margin rising by 100 bps to 13.8%. It has also reduced debt consistently in the last four years from ₹1,824 core in FY18 to ₹744 in FY23.

Nuvama PE is currently investing from its third late-stage/pre-IPO fund under the Crossover Opportunities banner. This fund has so far raised ₹3,800 crore. The latest crossover fund has invested in companies such as Ola Electric and DailyHunt.

According to an ET poll with 16 respondents, the six-member rate-setting panel is seen maintaining the benchmark policy repo rate at 6.50% during the June 6-8 meeting, marking the second consecutive instance of it holding off on policy tightening. The respondents were unanimous in their expectation.

​Broadly, we are in a strong uptrend, and it’s advisable to focus on the larger picture. We recommend buying Hudco for a target of Rs 68. Traders can participate by following a strict stop loss at Rs 57.80.

The sales, set to begin Monday, will rumble through every asset class as they claim an already shrinking supply of money: JPMorgan estimates a broad measure of liquidity will fall $1.1 trillion from about $25 trillion at the start of 2023.

USFDA has conducted an inspection at Zydus’ animal health drug manufacturing facility at SEZ, Ahmedabad. The inspection concluded with nil observations.

​The retail though slightly lower than that 325,000 although it is still a growth over last year almost 14% growth. Maruti, in fact, grew faster in both wholesale and retail and as a result, market share went up 1% in May, now standing just above 43%.