Latest Stock Market News

Resilience in U.S. core retail sales and a jump in inflation expectations have led investors to trim the amount of easing expected from the Fed later this year to around 55 basis points (bps).

In its report, Motilal stated that the food delivery industry in India is all set to grow rapidly in the medium term driven by intensifying internet penetration, rising consumption and growth in urbanization. "Zomato is a dominant player in the industry and we forecast the company to report 29% revenue CAGR over FY23-25," it said.

Meanwhile, ICICI Bank said its board will meet on April 22 to consider and approve fundraising by way of issuance of debt securities, including NCDs, bonds and other instruments on a private placement basis. The fundraising, if approved, will be executed in one or multiple tranches.

While the government declares the fixed interest rate offered to all PPF investors at the beginning of each financial quarter, ELSS funds are invested in stocks, making them vulnerable to the fluctuations of the stock market.

Spot gold price in the Delhi markets traded at Rs 60,660 per 10 gram, up Rs 80 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.In the overseas markets, both gold and silver were trading higher at USD 2,009 per ounce and USD 25.55 per ounce, respectively

Valentis Advisors founder Jyotivardhan Jaipuria has avoided software for the past 15 months due to the low level of future visibility for such stocks. He has also avoided global commodities due to the potential struggle that a global slowdown could cause. Jaipuria has also remained away from consumer staples due to their expensive valuations. The firm has been looking at companies that struggled last year due to high commodity prices, such as cement, ceramics and wires brands, as raw materials prices have fallen lately potentially offering increases in margin.

Shares of IT giant Infosys plunged about 12% in early trade on Monday after the company missed earnings estimates on all parameters.

Gold futures hit a fresh lifetime high of Rs 61,371 on the MCX last week before closing the holiday-shortened week at Rs 60,329. With the current momentum, yellow metal futures are poised to touch levels of Rs 62,000 in April, suggest analysts.

According to the latest data available with the exchanges, Kacholia has increased his holding from 5.09% in the December quarter to 5.23% at the end of the March quarter. Kacholia currently holds about 12.71 lakh shares of the company.Faze Three manufactures and exports home interior products

​Blinkit delivery executives servicing ~50% of the dark stores in the NCR area are on strike since April 12