Latest Stock Market News

A total of 2,649 shares changed hands on the counter till 01:59PM (IST)

The IPO will consist of an OFS of up to 2.82 crore equity shares with a face value of Re 1. Shares will be offloaded by Ashra Family Trust, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, Nishtha Jhunjhunwala Discretionary Trust, and others. Details on the price band, lot size, and reservations for qualified institutional buyers, non-institutional investors, and retail individual investors will be announced later.

The stock quoted a 52-week high price of Rs 10080.15 and a 52-week low of Rs 6634.6.

Wherever there is growth, there is overvaluation as well but that is where the market is chasing equities stories, says Garre. That is what is happening right now. When we assess areas where there is not much growth, but not necessarily overvalued, we do not see that much excitement from investors. Take the case of the financial sector, or for that matter, IT services.

A total of 605 shares changed hands on the counter till 12:27PM (IST)

While OEM is generally a pass-through, so with a quarter lag, I think they will get those price adjustments. But in the replacement market, it will depend on how every player is behaving. And while in certain segments we are seeing some bit of pricing absorption is better, but in certain segments as of now there are also issues where certain players are being more aggressive than others

The stock quoted a 52-week high price of Rs 4169.5 and a 52-week low of Rs 1590.3.

The Indian rupee improved slightly to 83.95 against the U.S. dollar after hitting a record low. Gains in Asian currencies and interventions by the Reserve Bank of India provided support, although outflows from local equities and corporate dollar demand posed challenges. Attention is on upcoming U.S. inflation data as dollar-rupee forward premiums saw a minor rise.

The Nifty IT index was trading 0.51 per cent up at 39308.5.