Latest Stock Market News

Nifty is in an attempt of staging an upside breakout of the initial hurdle at 17,600 levels and a move above this area could open the next upside resistance of around 17,800 levels in the near term, chart readers said

For March, the brokerage expects the index to form a strong base in the 17,200-16,800 range and challenge the key hurdle of 17,800, sustainability above which will lead to further acceleration of upward momentum towards 18,300 in the coming month

After relative outperformance last year, equity markets have severely underperformed in comparison with emerging market peers on rising interest rates and high valuations. The $4.5-billion FPI outflows since December last year also worsened the sentiments

Analysts maintained promoters can use the money raised through the transaction to infuse capital into any group company requiring the funds through warrants, rights issues, or any other instrument.

The Nifty Auto index closed 0.38 per cent up at 12787.05.

​ Adani Group on Thursday said that US-based boutique investment firm GQG Partners picked up equity stakes worth $1.87 billion (Rs 15,446 crore) in 4 listed group companies​

The US boutique investment firm is a nearly 7-year-old entity that bets on safe, defensive stocks.

For now, both BSE and NSE are closed on March 7 on account of Holi. However, a leading stock brokers’ association Anmi (Association of National Exchanges Members of India) has requested the government, Sebi and exchanges to change the holiday to March 8

Natco Pharma has a market cap of Rs 10,367 crore as of March 3, 2023. From its 52-week high of Rs 920, the stock is trading 38% lower at Rs 567 per share.

Analysts have retained their positive stance on Axis Bank as the acquisition of Citibank’s India consumer business.