Latest Stock Market News

"One word that describes our economy and equity market for FY23 is ‘resilience’. We were able to face the tough situation with minimal damage. India’s robust macroeconomic position is a result of multi-year structural policy reforms that enabled growth and high government expenditure in the budget over the last few years," the MarketSmith India report said.

Strategists from BlackRock Investment Institute, the research arm of the world’s largest asset manager, recommend “breaking up traditional asset allocation buckets, moving away from broad allocations to public equities and bonds,” according to a Tuesday note.

On the launch of the fund, Ritwick Ghoshal, Managing Partner and CEO of Bay Capital, said, “We at Bay Capital, invest in franchises led by quality management teams that are market leaders, who have strong competitive advantages, possess deep, entrenched moats that can translate into consistent compounded earnings. We look for companies having high returns on capital and that generate cash flows over the long term.”

"Bitcoin (BTC) has dropped below $30,000 as a reaction to a new stablecoin bill being flouted in the US. It enjoys strong support at $28,600 which is likely to hold and give strength to refuel its current rally," Vikram Subburaj, CEO of Giottus Crypto Platform, said.

The Relative Strength Index of the stock stood at 31.75 on Tuesday.

Ethereum has over 550,000 validators. Millions of users with smaller holdings have deposited their ETH to staking pools. Post the upgrade, these holders can ‘unstake’ or withdraw the ETH and their rewards. The upgrade was successfully completed late Wednesday and staked ETH withdrawals began processing smoothly.

Just when the stock market bulls found their mojo back, Infosys earnings shocker played spoilsport.

A total of 6,958 shares changed hands on the counter till 02:13PM (IST)

The stock quoted a 52-week high price of Rs 269.3 and low of Rs 182.45.

Markets will now watch out for reports from Goldman Sachs Group Inc and Bank of America Corp later in the day, while Morgan Stanley is due on Wednesday, after stellar results from the other big U.S. banks last week.