Latest Stock Market News

The stock quoted a 52-week high price of Rs 1369.0 and low of Rs 1049.1.

The Nifty Realty index was trading 1.25 per cent down at 460.0.

Domestic fund houses have increased their stakes in most of the new-age internet stocks during the month of April. These funds have aggressively shopped for Delhivery, Nykaa and Zomato. Delhivery is among the prominent additions of both Franklin Templeton Mutual Fund and SBI Mutual Fund. While Franklin added Delhivery stock worth Rs 99 crore, SBI Mutual Fund bought shares worth Rs 449 crore. Domestic funds have raised their combined stake by 5.

The oil companies are buying dollars keeping rupee in the range of 81.90 - 82.40. They were absent from the scene earlier, refusing to buy dollars at 81.60. The Reserve Bank of India (RBI) had to intervene to protect the level of 81.60.

IT companies are going through a mildly turbulent phase which may well last a couple of quarters. However, valuations are quite supportive, and we believe this is the right time to start building a position in the sector.

The Wall Street Journal reports that the United States and its key political allies are close to a deal to raise the debt ceiling and avert a disastrous default. This news is reassuring to investors, who have been pushing stock prices higher. The MSCI Asia Pacific Index rose 0.78% on Thursday.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

In the NSE list of stocks with a market cap of over Rs 1000 crore, six stocks crossed their previous 5-year high value at the close on May 17, suggesting bullishness in counters.

The Indian market is expected to edge higher on Thursday tracking positive global cues. The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 18200 levels on Wednesday. India VIX was down by 1.39% from 13.29 to 13.10 levels on Wednesday. Volatility had risen in the initial part of the day which awakened the bears but closed lower. On the options front, the weekly maximum Call OI is placed at 18400 and

On Wednesday, President Joe Biden and top US congressional Republican Kevin McCarthy underscored their determination to reach an agreement soon, pledging to negotiate directly on a deal amid estimates the Treasury could run out of money by the start of June.