Latest Stock Market News

In addition, Sebi has revised timelines of submission of security cover certificate, valuation report and quarterly compliance report, and regulatory compliance by debenture trustees.

Crude gains have been limited this week, with the Brent and U.S. benchmarks mostly trading in a range due to the uncertain path of demand. Investors, worried about rising inflation and more aggressive action from central banks, have been reducing exposure to riskier assets.

NTPC, One97 Communications, Zydus Lifesciences, IRFC, Thermax, Pfizer, Metro Brands and Narayana Hrudayalaya are among companies which will announce their quarterly earnings today.

“The Indian market needs to go below the March low for it to find its footing but there is a possibility that it could stretch to 15,400 in the short term bounce over the next four to six weeks and make people forget what has happened over the last several months and then once again the larger decline to 14,000 that I spoke about since November is going to take place.”

The stock has fallen by over 27 per cent from Rs 1,138 to Rs 829 on 18 May 2022. The stock took support near Rs 650-660 levels in the past 2 months before bouncing back.

“Speciality chemicals are coming back again. The stocks were very expensive but a huge demand is coming up in the market as there is not enough supply in the market. So, I think that is one product. The outsourcing contracting story on the garment side offer another opportunity. A couple of companies that we bought have done extremely well.”

The I/C PNG segment should also keep growing as polluting fuel bans are expanded around NCR. IGL also expects Ajmer and Muzaffarnagar to be sizeable GAs, driven both by IPNG and CNG.

“We believe that in the near term, volatility will continue for some time. Hopefully in the second half of the financial year, some of the uncertainties around commodity cost as well as what is happening globally would start to peter out and we would possibly see some degree of focus shifting back to the trajectory of earnings growth.”

Analysts said the number of stocks below the 200-day SMA and the extent to which they are trading below this level could be signalling extreme bearishness, often seen as a contrarian indicator.

The S&P 500 fell 22.89 points to 3,900.79. The Dow dropped 236.94 points to 31,253.13. The Nasdaq slid 29.66 points to 11,388.50. The three indexes are on pace to extend a string of at least six weekly losses.