Latest Stock Market News

Cleveland Federal Reserve Bank President Loretta Mester has said it was too early to tell whether the US central bank would raise its benchmark interest rate at its next policy meeting in early May. Mester said she still saw "somewhat more persistent" inflation than the median forecast of her colleagues, and pointed to uncertainty over the duration and magnitude of recent financial sector difficulties. In March, the Fed raised interest rates to between 4.75% and 5%, indicating there may not be another peak rate rise.

Dow up 57.17 points, S&P 500 down 6.16 points, and Nasdaq Composite slips 61.98 points

Oil prices remained stable on Wednesday as market players weighed prospects of worsening economies due to slow US and China manufacturing activity last month against US crude inventory declines and OPEC+ producers’ plans to reduce output. The US job openings’ decline in February, which reached its lowest level in almost two years, further fuelled fears of weak economic growth. However, news of the record diesel flows from Russia to the Middle East in March acted as a brake on crude oil prices, despite support from voluntary cuts by OPEC+.

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 41399.39 Crore) operating in Auto sector.

Fear gauge index India VIX was down by 1.33% from 12.58 to 12.41 levels. Volatility has been falling from the last five trading sessions and giving comfort to the bulls.

​Ahead of the crucial RBI’s interest rate decision to be announced tomorrow, Indian indices ended on a positive note on Wednesday.

It is majorly owned by public shareholders with 61.35% holding, while promoters have about 38.65% stake in the company. Among the public shareholders, mutual funds have a combined stake of 2.5%, as of the March quarter, while foreign investors own 6.40%.

On a closing basis, 17,555 level will be crucial to watch out for on Nifty50, and if this is crossed, then the next major target is 17,700, Palviya said.

The banking sector in India has witnessed a sharp increase in deposit rates of upwards of 120-150 basis points over the past six months. This has led to an increase in deposit growth, despite starting on a weak footing earlier in the year. The growth has come towards the end of the rate hike cycle. Experts believe that the growth in the IT sector is likely to come from the BFSI sector. The digitisation wave and the ebbing of the banking crisis have added to the growth in the sector.

Zaggle operates in the B2B2C segment and is amongst a small number of uniquely positioned players with a diversified offering of financial technology products and services.