Latest Stock Market News

Buy NCC, target price Rs 86.5 : HDFC Securities

Updated at : 2022-12-28 10:20:03

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After sharp correction from recent swing high ofRs 96.9, stock tested 50 days SMA and reversed north.

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Max Healthcare on Tuesday said it has entered into a partnership with genomics biotech firm Anuva to conduct genomic-based research on various communicable and non-communicable diseases in India.

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Petroleum and Natural Gas Regulatory Board (PNGRB) recently ordered IndianOil to stop supplying gas to Knauf India and Honda Motorcycle & Scooters India, the customers with requirements of up to 50,000 standard cubic meters a day (SCMD) in the city gas licensed area of Chittor, Kolar and Vellore districts in south India. This followed a complaint by AGP, the licensee.

Shares of Tesla Inc tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.

Gold eases as U.S. dollar ticks up

Updated at : 2022-12-28 09:35:04

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The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency and some companies export bullion to raise scarce dollars to fund imports, according to industry experts.

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Tech fell broadly on Tuesday, with the Nasdaq 100 down 1.5%. The group is facing its worst December performance since the dotcom era as investors expect the Federal Reserve will retain a hawkish stance as it grapples with inflation.

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The dollar index, which measures the currency against six counterparts including the yen and euro, added 0.07% to 104.28 on Thursday, continuing its consolidation after sliding to the lowest since mid-June at 103.44 on Dec. 14, the day the Federal Reserve slowed interest rate hikes to a half-point pace.

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Such a haul didn’t seem possible before the decade began, when Wall Street was the target of a global protest movement and politicians at both ends of the spectrum were seething over bailouts or aiming to break up too-big-to-fail lenders.

Nifty futures on the Singapore Exchange traded 60 points, or 0.33 per cent, lower at 18,088, signaling that Dalal Street was headed for a negative start on Wednesday.

Tatas bring all online ventures under digital biz

Updated at : 2022-12-28 08:20:04

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The group last week increased the authorised share capital of Tata Digital by Rs 1,000 crore to Rs 21,000 crore and infused Rs 750 crore into the company, as per filings with the Registrar of Companies. In the filings, Tata Digital said the authorised capital was increased considering its business plans, repayment of debt and the investments to be made from time to time.

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