Latest Stock Market News

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

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

The Nifty index is now trading at more than 22.5 times its trailing earnings. Given this situation, it might be prudent to adopt a staggered approach when making new equity purchases and consider waiting for potential corrections to add to our equity exposure.

The Federal Open Market Committee is expected to raise rates a quarter point to the 5.25% to 5.5% range, an 11th increase since early 2022

I would just say that this thing provides an opportunity once in a decade kind of situation where we should look at it in the perspective that this could be the worst and worst is probably behind.

This will mark an India comeback for Wall Street’s green crusader Larry Fink, chairman of Blackrock, after parting ways with long-time partner Hemendra Kothari of DSP. The joint venture will be called Jio Blackrock and will launch operations after regulatory and statutory approvals. The company will have its own management team.

AUM increased on the back of strong loan growth across businesses, led by two- and three-wheeler finance (48%), commercial lending and loan against securities 50% each and SME lending which increased 36%. As a result, net interest income (NII) increased 26% to ₹8,398 crore from ₹6,640 crore a year ago. Profit was also helped by a ₹155 crore tax write back during the quarter.

Mirror trading is a technique that allows an individual to copy the trade of another on a real-time basis.

Bank of Baroda, DBS Bank and Karur Vysya Bank are likely to sell their cumulative stake of just over 30% in Canbank Computer Services to Canara Bank, its majority owner. This will make Canbank Computer, a software-enabled services and ATM management company, a fully owned subsidiary of Canara Bank.

Sircar was appointed executive director and group CFO of Azure Power Global - the parent unit of an Indian renewable power generating company - from May 1, 2023. Before this, he was appointed independent director in October 2022.