Latest Stock Market News

Adani Transmission, Adani Total Gas and Indus Towers are set to leave the MSCI Global Standard Index on May 31, 2023, with Max Healthcare Institute, Hindustan Aeronautics and Sona BLW Precision Forgings entering the index. The move is expected to result in outflows of $189m and $167m for Adani Transmission and Adani Total Gas, respectively, with 18 million shares for each stock being offloaded. Meanwhile, Max Healthcare’s addition will result in inflows of $312m, with HAL and Sona BLW’s inclusion likely bringing in $196m and $171m.

Electronics Mart India., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 2864.45 Crore) operating in Retail sector.

Nifty Bank soared to a new record high on Monday, crossing the 44,400 level, due to non-stop buying by foreign institutional investors and optimism surrounding the US debt ceiling deal. The banking index has rallied around 400 points, while Nifty50 and Sensex are approaching their previous peaks. HDFC twins were the biggest contributors to the upside in both Sensex and Nifty, and all 12 counters in the banking index were in the green. Analysts warn against the urge to buy on the higher side, with valuations difficult to justify at higher market levels and the possibility of selling pressure.

Promoters held 30.3 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 20.57 per cent and 14.94 per cent, respectively.

The momentum in the equity markets will likely continue on the positive news from the that there was an in-principle breakthrough in the debt ceiling negotiations

​Now, one can argue that a part of that is built into the stock prices, but I think this entire theory of worst is over, best is over and trying to juggle portfolios based on that is not a strategy which works very well. So we have to ride the winners till a point of time valuations become very high and the gap becomes excessive, which I do not think has happened still.

The fourth quarter earnings were mixed for companies with some hits and some misses.

A total of 5,119 shares changed hands on the counter till 10:41AM (IST)

In the NSE list of stocks with a market cap of over Rs 10,000 crore, 10 stocks crossed their previous 5-year high value at the close on May 26, suggesting bullishness in counters.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.