Latest Stock Market News

“Already a correction has manifested in the market. Close to 80% plus of the market has corrected more than 10%, going all the way to 50-60%. and we are advising a more bottom-up stock-specific approach, investing gradually over the next three-six months because we really do not see markets running away in a hurry from here.”

“I have been a big believer in gold outside the equity investments. Gold should do well in these times with inflation coming through and with this huge volatility in global policy making where the US and Europe are putting all these sanctions on Russia. So apart from equities, one should be bullish on gold.”

"We remain confident of the management’s execution capabilities, but remain on the sidelines in the stock, led by a significant valuation re-rating. We value the stock at 30 times FY24 EPS. Our target is Rs 5,710 per share," said Motilal Oswal Securities.

The global cryptocurrency market cap was trading higher at $1.92 trillion mark, jumped about 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 17 per cent to $79.69 billion.

In the spot market, highest purity gold was sold at Rs 53,499 per 10 gram while silver was priced at Rs 70,344 per kg on Tuesday, according to the Indian Bullion and Jewellers Association.

HDFC Capital manages an about $3 billion funding platform which has recently been rated as one of the world’s largest private finance platforms focused on development of affordable housing.

PCBL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 2130.78 Crore) operating in Tyres sector.

The dollar index, which measures the greenback against six other currencies, also climbed on Tuesday, rising past 101 for the first time in more than two years. It was last up 0.2% at 100.98.

The company disbursed ₹1,500 crore in 2021-22 and with developers launching more projects, the company expects an increase in demand for capital as well. During this fiscal year, the business also plans to create its sixth real estate fund.

Against outstanding loans of ₹28,921 crore owed by the 19 companies involved in the deal as of January 31, 2022. Future Group has proposed to transfer ₹12,612 crore owed to lenders, and domestic and offshore bondholders to RIL.