Latest Stock Market News

The announcement marked a turnaround for bearish sentiment that characterised trade on Thursday and Friday morning against a backdrop of recession fears in the United States and weak demand data from China

Drug maker Lupin has reported 72 per cent decline in consolidated net profit at Rs 153 crore for the third quarter ended December 31, 2022. The company had reported a net profit of Rs 545 crore for October-December period last fiscal.

Spot gold prices in the Delhi markets traded at Rs 56,754 per 10 grams, down Rs 669 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities

“The only thing that we need to understand from the Adani management is key business metrics. We would like to know from them going forward how are the companies going to do in terms of the performance and then whatever reports have come in and then to what extent they are true.”

From the Sensex pack, HCL Tech, Tata Steel, ITC, M&M, Reliance and ICICI Bank ended lower. Wipro, NTPC, Infosys, Asian Paints and HUL also ended with cuts

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 5.81 per cent and 0.11 per cent, respectively.

During the December quarter, promoters, FIIs and DIIs have increased their shareholding in a total of 11 companies. >> For more such web stories click on the ET icon below

The stock quoted a 52-week high price of Rs 812.3 and a 52-week low of Rs 583.05.

One of the biggest factors at play here, and in international economies like the US and Europe, is the consistently high inflation and the central bank movements aimed at controlling the same, including quantitative tightening and significant hikes in interest rates.

A total of 277,895 shares changed hands on the counter till 02:14PM (IST)