Latest Stock Market News

Buying back shares is considered a tax-efficient way of rewarding shareholders. The government owns a 51.80 per cent stake in the company though it is uncertain if it will be participating in the buyback.

PVR-INOX merger offers compelling synergy, said CLSA, which has retained a Buy rating on both the stocks.

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 19050.95 Crore) operating in Real Estate sector.

The electric vehicle (EV) charging station "will enable quick turnaround time for EV owners with best-in-class fast charging technology and convenient use digital platforms," the company said in a release.

A total of 2,291 shares changed hands on the counter till 11:16AM (IST)

The cryptocurrency market is on the verge of reversal as Bitcoin trades near a critical price level and the current momentum could be attributed to Luna’s recent purchase of Bitcoin, said WazirX Trade Desk.

“The quarterly numbers for some of the larger banks like ICICI Bank and SBI show that they have been consistently reporting improvement in their numbers quarter after quarter. We see the FII selling leading to stock price correction and giving us an opportunity to enter some of these good franchises in the banking business. ”

The 10-year JGB yield has been creeping up in tandem with a rise in U.S. long-term interest rates, as investors have priced in the prospect of aggressive rate hikes by the Federal Reserve over the course of this year.

Brent closed at $120.65 a barrel and U.S. West Texas Intermediate (WTI) crude ended at $113.90 on Friday.

Gold futures on MCX were trading down 0.24 per cent or Rs 126 at Rs 51,750 per 10 grams. Silver futures were trading lower by 0.44 per cent or Rs 304 at Rs 68,532 per kg.