Latest Stock Market News

>> For more such web stories click on the ET icon below

The draft said government securities issued by the central government excluding Treasury Bills would be eligible for lending/borrowing under a GSL transaction

Spot gold was down 0.6% at $1,826.39 per ounce by 1302 GMT, after earlier falling to its lowest since late-December. Bullion has fallen about 2.1% so far this week.

Pricol says no intent of stake sale or raising equity

As of 31-Dec-2022, promoters held 46.09 per cent stake in the company, while FIIs held 18.6 per cent and domestic institutional investors had 16.37 per cent.

Incorporating Q3FY23 results, the brokerage is bullish on sectors like BFSI, auto, and IT. While the metals, telecom & pharma space witnessed a downgrade with aggregate Nifty earnings remaining broadly unchanged

Despite more than half of Nifty stocks trading below the wall of worry posed by the 50 DMA (daily moving averages), the index closing above this moving average indicates a positive bias, said Anand James, Chief Market Strategist at Geojit Financial Services

"I feel the kind of environment which we are getting into, there’s going to be a focus on infra thrust for next couple of years and just to give you a perspective, about Rs 10 lakh crore was spent on infra activities, up from Rs 3-3.5 lakh crore we used to spend three-four years ago. This push will obviously push the cement stocks up and then Q3 and Q4 remains the best time for the cement companies."

In the overseas market, both gold and silver were trading lower at USD 1,821 per ounce and USD 21.29 per ounce, respectively

“While we won’t really call them green shoots, pockets of growth are quite visible as far as banking or infrastructure or IT numbers are concerned. The numbers were not as disappointing as they were being envisaged as. Of course, one needs to be worried of volatility in raw material costs.”