Latest Stock Market News

Though they’ll be sitting opposite each other in any negotiations, Morgan Stanley and Goldman each have a relationship with Musk that stretches back more than a decade. Both New York-based investment banks underwrote Tesla’s 2010 initial public offering: Goldman got the coveted lead left role, while Morgan Stanley was listed second on the prospectus.

Amidst rising inflows into equity funds, fund managers bet on the ‘re-opening trade’, buying shares of airlines, hotels, malls, entertainment and logistics. Prominent companies such as Indian Hotels, KPR Mill, V-Mart Retail, Sundaram Finance, Bharat Forge, PVR, and Barbeque-Nation Hospitality have been bought by fund managers of leading fund houses for their March 2022 portfolio.

“One should not overpay or invest based on hype or the latest fad in the market. Also, one has to figure out companies where the spending is more discretionary as the impact will come on both demand and margin because of inflation. This includes companies which are in consumer discretionary.”

“ITC’s hotel business will pick up because of the unlock. Its FMCG business is in a steady state of growth. The cigarette volumes are doing fine and the gross margins of the cigarette business is some 80% odd. One knows all the levers of the company in terms of where the additional growth surprise is going to come from.”

At Rs 1.36 lakh per sq ft the deal enters the tally of costliest houses in India. The amalgamated apartment in Raheja Legend is spread across 10,567-sq-ft on 42nd, 43rd, 44th and 46th floor. Jain has bought the apartment as a legal guardian of his three minor daughters, showed the registered agreement.

Street factors in Q4 hiccup and also cheers encouraging FY23 growth guidance and large bookings in the last financial year Citi has trimmed target price to Rs 2,010 from Rs 2,155 with a ‘buy’ rating and CLSA has maintained ‘buy’ with a target price of Rs 2,040. Investec has retained a hold with a target price of ?1,705, revised down from Rs 1,790.

The Dow Jones Industrial Average rose 63.9 points, or 0.18%, at the open to 34628.46.

According to a statement by RAIRtech, the proceedings from the NFT would be split between the Ukrainian-American Coordinating Council and the Web3 Developer Fund and would benefit Web3 developers in Ukraine.

After providing investors with a massive 40 per cent return in 2021-22, the Nifty IT index is down 5.4 per cent so far this year, and earnings of the two largest companies, TCS and Infosys, have done little to stem the slide.

"Given that the market valuation is no longer cheap, I would say that the number of bargains available in the market is less."