Latest Stock Market News

All of the crypto tokens bled in the early hours on Friday. Shiba Inu plunged over 10 per cent, whereas Terra, Dogecoin, Avalanche and Cardano fell 7 per cent each. Bitcoin and Ethereum declined 5 per cent each.

ITC is the largest buyer of Indian wheat after the Food Corporation of India (FCI). While the industry and the government have projected wheat exports to be around 12-15 million tonnes in FY 23, ITC is optimistic about much higher exports.

The dollar extended a rebound versus major peers on Friday, also resuming its rally against the yen, ahead of a key U.S. jobs report that could cement the potential for a 50 basis-point Federal Reserve interest rate hike next month.

On Thursday, Russian President Vladimir Putin struck back at Western sanctions on Moscow, threatening to halt contracts supplying Europe with a third of its gas unless they are paid in roubles. The move prompted Germany, the most reliant on Russian gas, to accuse him of "blackmail" as it activated an emergency plan that could lead to rationing.

“In the last three years, India has created 32 million jobs in the formal sector. The entire workforce of France is 30 million, the entire workforce of the UK is 30 million. India has created as many jobs in the last three years in the formal sector as the entire workforce of the G-7 countries. I am not going to lose too much sleep about the inversion of the yield curve in the United States.”

Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 41296.42 Crore) operating in Tyres sector.

“The kind of order book and deal wins that the IT companies have, the revenue growth would continue to remain strong. So that is one sector which will remain an outperformer in the coming year as well. Top down, we like Infosys as our best preferred pick within the IT space. Among midcaps we like Mphasis and Zensar.”

The move marks the beginning in the series of actions by the company to deliver on its goal of becoming “Net Zero Carbon by 2050 or sooner” and “using 2.5 GW of Round the Clock (RTC) Renewable Energy for its operations by 2030.

The current account- sum of India’s exports and imports of goods and services- ended in a deficit of deficit at $ 23.0 billion (2.7 per cent of GDP) touched a nine- year high since the current account deficit (CAD) touched $31 billion in during the December quarter of 2012 according to the preliminary numbers released by the Reserve Bank of India.

“Unity SFB received from DICGC a certified list of erstwhile PMC Bank depositors who are eligible to receive up to Rs5 lakh of their deposits, post banking hours today,” Jaspal Bindra, executive chairman, Centrum Group told ET.