Latest Stock Market News

A total of 1,536 shares changed hands on the counter till 10:31AM (IST).

Credit Suisse maintained its positive view on Zomato but has a cautious stance on Nykaa. According to the investment bank, internet economy growth is slowing down.

At the interbank foreign exchange, the domestic unit opened flat at 82.79 against the dollar. Later, it lost some ground to quote at 82.83, registering a decline of 4 paise over its last close.

Tata Tele Business Services Limited, known as Tata Tele Services Limited, is an Indian broadband, telecommunications, and cloud service provider based in Mumbai. It is a subsidiary of the Tata Group, an Indian conglomerate.

“Reliance is an interesting stock because it has spent the last two, three years in a peculiar trading range. It has not participated on the upside significantly with the market. So it has this whole base close to around 2,300 where it can find support. One would wonder if this bounce was just a counter trend bounce. The multiple supports 2,300 which is a good zone for a longer term reversal for Reliance.

"Since 2017, Salil has done a good job. They have been distributing pretty good dividends, one of the best in the industry, and all that I look at is when I receive my dividends. That is how I am in some way connected with Infosys. And I think on that count, they have done a good job. They have done some buybacks. They have been growing their revenue pretty well. "

The company expects the US plant shutdown and transfer of products from inhouse to third-party contract manufacturers to help save $12 million annually, while maintaining the sales run rate with a 40% gross margin. A few products with high margin will be manufactured by third parties, the company said in an investor presentation.

However, a general weakening in the final hour of trading pushed both the S&P 500 and the Dow Jones Industrial back into the red. The Nasdaq Composite managed to scrape back into positive territory though in the final moments, ensuring its own losing streak was snapped at three.

"Jio-bp is actively working on setting up CBG/bio-CNG retailing at its collocated fuel retail outlets and our first outlet is likely to come up soon," Jio-bp told ET in an emailed response.

The manufacturer of the RV400 electric motorcycle is scouting for locations in Haryana, Bhiwadi (Rajasthan) and Noida (Uttar Pradesh) for the second unit, as it intends to scale up exports and increase the availability of products in the South Indian markets.