Latest Stock Market News

The market capitalisation of all listed companies on BSE declined by Rs 73,059 crore to Rs 286.72 lakh crore. The market breadth was skewed in the favour of the bears. About 1,796 stocks declined, 1,739 gained, and 113 remained unchanged on the BSE.

Western Carriers, a logistics service provider with over 50 years of experience, has filed draft papers for an initial public offering (IPO) to raise funds through a fresh equity issue of up to Rs 500 crore and an offer for sale of 93.28 lakh shares by the promoter. The company operates on an asset-light business model and provides 3PL and 4PL logistic solutions. It had over 1,100 clients in sectors such as metals and mining, FMCG, pharmaceuticals, among others. The IPO funds will be used for prepaying a portion of certain outstanding borrowings and funding capital expenditure requirements.

As such there is no switch, you just have to ensure that whatever amount which you have invested in last 12 months, there might be an exit load which is applicable which is usually 1%. So, this is one point which you have to take care. Other than this, there are no charges.

Gold prices edged higher in the Asian trading hours on Friday, with spot gold prices in the Delhi markets trading at Rs 60,820/10 grams, up Rs 440 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.In the overseas markets, both gold and silver were trading higher at USD 1,964 per ounce and USD 24.35 per ounce, respectively

While the Sensex closed at 62,626, down by 223 points or 0.35%, the broader Nifty50 settled at 18,563, down by 71 points or 0.38%

Analysts are sceptical about the growth prospects of the insurance sector, despite lucrative valuations. The sector has underperformed the benchmark Nifty by 13% in the past 12 months, leading Macquarie to downgrade HDFC Life, ICICI Prudential Life and SBI Life to "Neutral" from "Outperform". The bank has also cut its FY25E value of new business estimates by 2-6% and target prices by 15-17%. Macquarie has forecast a lower value of new business CAGR at 9-15% for FY23-26E against 16-22% for FY22-25E.

The stock quoted a 52-week high price of Rs 919.5 and a 52-week low of Rs 615.0.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 7.01 per cent and 3.29 per cent, respectively.

ETMarkets.com has shortlisted ten stocks from the BSE200 index that have demonstrated consistent share price growth over the past five trading sessions

Since March 2023, Nifty has surged nearly 8% and is now hovering near its record high. No wonder about 70% of Nifty constituents are trading in the green in the current calendar year.