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Lending support to prices, Russia plans to cut oil exports from its western ports by up to 25% in March, exceeding its announced production cuts of 500,000 barrels per day

Stock market update: Nifty Auto index falls 0.06%

Updated at : 2023-02-23 17:20:03

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The Nifty Auto index closed 0.06 per cent down at 12982.25.

Fresh foreign fund outflows and mostly weak trends in Asian markets also hit investor sentiments.For more such web stories click on the ET icon below

While the RBI’s move to remain on the path of withdrawal of liquidity could marginalise credit offtake to some extent, $60 billion at a lower base range will be available as credit in the market.

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Meanwhile, the occupancy rate (OR) for the industry stood at 65% in the third quarter, little lower than pre-Covid levels. With the wedding season, G20 summit meetings and resumption of foreign travel, the occupancy levels are expected to surpass the pre-Covid levels.

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The Social Stock Exchange segment will provide new avenue for social enterprises to finance social initiatives, provide them visibility and bring in increased transparency in fund mobilisation and utilisation by social enterprises.

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As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 23.39 per cent and domestic institutional investors had 14.3 per cent.

IRCTC shares fall 1.77% as Nifty gains

Updated at : 2023-02-23 15:30:03

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The stock quoted a 52-week high price of Rs 840.05 and a 52-week low of Rs 557.0.

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Nvidia Corp forecast first-quarter revenue above Wall Street estimates on Wednesday, noting the strong boost it saw from the use of its chips in artificial intelligence (AI) services like chatbots.The broader Europe STOXX 600 index rose 0.1% by 0806 GMT, after two straight sessions of declines on worries of central banks raising interest rates for longer

The company has fixed February 24 as the record date for the purpose of determining the eligibility of shareholders. The stock has risen about 295.34% in the last six months. So far this year, the shares have lost 6.59% on a year-to-date basis.

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