Latest Stock Market News

The stock quoted a 52-week high price of Rs 4995.0 and a 52-week low of Rs 3365.9.

A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio

The Nifty IT index closed 0.69 per cent down at 28517.25.

Fear gauge index India VIX marginally fell down by 0.60% from 16.22 to 16.21 levels. Volatility took a pause after a spike in the last week but was quoting near the highest levels of the last 26 trading sessions, thus giving the overall grip to bears in the market

Though the SVB & Credit Suisse crises have eased, the market lacks the confidence to hold positions on contagion fears, maintains analyst

The uncertainty in the Indian market, triggered by the collapse of two US banks, has left investors searching for stronger stocks that can withstand volatility.

Indian banks are best placed and people should use this opportunity of correction in banks to buy largecap Indian banks. HDFC has not fallen so much and so far other three would offer better opportunities. Capital goods is also a good story but there we have not seen corrections. In fact, many of the capital goods or infra companies have actually held up very well so that I am not buying right now.

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Indian shares swung between gains and losses before edging a tad higher as Credit Suisse added to worries about a crisis in the financial sector. The Nifty 50 closed 0.08% higher near the 17K mark, while the S&P BSE Sensex rose 0.14% to 57,634.84.

At the interbank foreign exchange, the domestic unit opened lower at 82.77 against the dollar. It traded between 82.60 and 82.80 levels, and settled at 82.77 (provisional) against the American currency, registering a fall of 12 paise against its previous close