Latest Stock Market News

Adani Green’s stock price has fallen almost 70% this year, while its debt has also slumped. The company said on Feb. 7 it had won the backing of investors after reporting third-quarter net income that more than doubled from a year earlier. Adani Green CEO Vneet S. Jaain said the results proved the company has a “robust capital management program with leverage well aligned with the business model.”

For more such web stories click on the ET icon below

As the markets began to recover from the Adani shock, the flows from FPIs also improved, suggesting their renewed interest in the prospects of the Indian equity markets," Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said

In the past week, the clampdown has taken its toll. The international exchange experienced a net outflow of $1.9 billion in assets, according to data estimates from Nansen. The crackdown on Binance stablecoin BUSD, issued by Paxos, has sparked $2.3 billion in redemptions of the tokens from Monday to Thursday

For more such web stories click on the ET icon below

"On succession plan or whether this position will remain vacant, till the time we are able to find a suitable candidate who can take us forward in a direction that I mentioned for next three to five years, we are looking out for a candidate who can be quite seasoned and who would be having an experience of not just broking, but should also be having a good experience on other products that we are going to offer."

This move was in a view of limiting Russia’s fossil fuel earnings without hindering the global supply chain of the widely used fossil fuel. The seven-member group believes that the price cap would limit Russia’s ability to pay for its war against Ukraine.

The US currency also had appreciated almost 8% versus most currencies and 10% versus India, which in 2023 so far has been stable. The DXY correction of 10% from its peaks of 115 also gives the Global and Indian investor reason to cheer.

"Maruti can do much better from here. Similarly, in the case of Ashok Leyland, we are seeing an uptick in demand for CVs and things improving on the economic front. The EV play is rolling out for Ashok Leyland very well. Both stocks should do well. In M&M, we have seen a sharp movement and it is one of the best performing auto names in the last one year."

The nine stocks are Nuclear Software Exports, Finolex Cables, Waaree Renewable Technologies, Chaman Lal Setia Exports, PG Electroplast, Ganesh Benzoplast, WPIL, Zen Technologies, and Apar Industries. Nuclear Software Exports hit its 52-week high on February 16. The stock has rallied 39% in the past week. So far this year, the shares have surged 42% on a year-to-date basis.