Latest Stock Market News
Market has to shed more froth before investors start re-investing: Daljeet Singh KohliUpdated at : 2023-02-28 17:30:04 Rate this item (1 Vote)“There is a lack of leadership from any sector and lack of any particular trigger to drive this growth. In fact, there is only negative news flow which is coming. Things which were forgotten for the last 10-12 years like a higher cost of capital, is coming back to realisation and that is where most of the companies will have to adjust their business models.” |
Gold falls Rs 110; silver declines Rs 550Updated at : 2023-02-28 17:30:04 Rate this item (1 Vote)In the overseas market, both gold and silver were quoting lower at USD 1,808 per ounce and USD 20.47 per ounce, respectively. |
Rupee gains 15 paise to close at 82.64 against US dollarUpdated at : 2023-02-28 17:30:04 Rate this item (1 Vote)At the interbank foreign exchange market, the local unit opened at 82.69 against the American currency and finally settled at 82.64 (provisional) against the greenback, registering a gain of 15 paise over its previous close of 82.79 |
Tata Elxsi shares drop 2.38% as Sensex fallsUpdated at : 2023-02-28 15:45:03 Rate this item (1 Vote)On the technical charts, the RSI of the stock stood at 30.48. |
Vedanta share price down 5.74 per centUpdated at : 2023-02-28 15:45:03 Rate this item (1 Vote)A total of 1,661,598 shares changed hands on the counter till 02:13PM (IST). |
Market likely to recover in second half; buying midcaps that have corrected 30-50%: Jitendra GohilUpdated at : 2023-02-28 15:45:03 Rate this item (1 Vote)“IT might see more corrections in the near to medium term while the banking sector looks pretty attractive at this point of time. Even after this correction, some kind of near term consolidation could be on cards but from a medium term perspective, valuations for banks look very attractive. One should look at sectors where valuation has corrected for good buying opportunities.” |
European shares open lower on inflation worries; Travis Perkins slidesUpdated at : 2023-02-28 15:45:03 Rate this item (1 Vote)The 12-month inflation rate in France rose to 7.2% in February from 7.0% in January, partly as a result of rising food prices, according to preliminary data. |
JM Financial initiates coverage on Adani Ports, sees 36% upsideUpdated at : 2023-02-28 15:45:03 Rate this item (1 Vote)We estimate Adani Ports to remain the market leader in India with volume growth of 16%, translating into Revenue/EBITDA/PAT CAGR of 18%/15%/13% respectively in FY23-25E with OCF/EBITDA exceeding 80%,the brokerage said in a report. |
Vodafone Idea, Zomato, among 10 companies with highest losses in Q3Updated at : 2023-02-28 15:45:03 Rate this item (1 Vote)The earnings of India Inc for the third quarter were a mixed bag with a few hits and some misses |
IRM Energy and Lohia Corp get Sebi nod to raise funds via IPOUpdated at : 2023-02-28 15:45:03 Rate this item (1 Vote)IRM Energy’s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corp’s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit |