Latest Stock Market News

Considering the current demand scenario and supportive macro environment, we may expect gold prices to remain attractive for the coming year with the minimal expectation average 10-15% from the previous year’s average price range of Rs 56,000 per 10 grams.

The stock has given a breakout above its previous swing high.

Gold prices inched higher on Thursday as the dollar eased, while investors grappled with the likelihood of more interest rate hikes by top central banks to contain inflationary pressures.

Shares of Tesla Inc slid 6% in after-hours trading after the electric vehicle maker posted its lowest quarterly gross margin in two years, missing market estimates. Elon Musk doubled down on the price war he started at the end of last year, saying Tesla would prioritise sales growth ahead of profit margins in a weak economy.

The S&P 500 ended virtually unchanged on Wednesday while the Dow dipped as investors digested a mixed bag of corporate earnings, including upbeat reports from medical technology companies, countered by weakness in Netflix shares.

Other financial institutions National Housing Bank (NHB) and the National Bank for Agricultural and Rural Development (Nabard) are also set to tap debt capital markets on Friday. NHB is likely to sell three-year bonds of up to Rs 2,000 crore, while Nabard is set to issue three-year bonds of up to Rs 5,000 crore, the sources said.

It’s not clear if 10X AD will lead an investor consortium of family offices and ultra-high-net-worth individuals in Abu Dhabi or go it alone and invest $150-200 million

The Nifty futures on the Singapore Exchange were up by 0.14%, indicating a positive start to domestic equities. HCL Tech, Tata Communications, ICICI Securities, Adani Ports, ICICI Pru Life, Cyient, Laxmi Organic Industries, Equitas Small Finance Bank, UltraTech Cement, NBCC, Bank Of Maharashtra, and Mastek were among the stocks that will be in focus for various reasons.

At the upper end of the price band, the fourth largest pharmaceutical company in terms of domestic sales will be valued at ₹43,264 crore. The four-crore share IPO will be entirely an offer-for-sale (OFS) where existing shareholders will offload a portion of their stakes.

The sale is likely in the first quarter through a QIP (qualified institutional placement), managing director AS Rajeev told ET. "We were planning to raise QIP in the fourth quarter of FY23 but delayed it when the market turned volatile following the bank failures in the US. As the market appears to have steadied now, we have decided to renew the plan," Rajeev said.