Latest Stock Market News

"With the housing cycle turning and launches improving, we believe Mumbai realty sales would remain healthy going ahead; this would benefit Macrotech Developers (Lodha), Oberoi Realty, Godrej Properties and Sunteck Realty," said Nuvama.

However, some have refrained from tweaking their earnings estimates for FY24 and FY25 as they want to see the initial synergy in business and outlook on integration cost trajectory from the management at the end of the current quarter

The Nifty Auto index closed 0.86 per cent down at 12738.8.

Chief Justice of India DY Chandrachud said the six-membered expert committee shall be headed by former Supreme Court judge Justice Abhay Manohar Sapre and include KV Kamath and Nandan Nilekani.

Hindustan Aeronautics has an order book position of Rs 84,000 crore and another Rs 50,000 crore worth of orders are in the pipeline. The PSU company, one of the largest aerospace and defence manufacturers in the world, designs and manufactures aircraft, helicopters, power plants, inertial navigation system and other key equipment.

The auto components maker has fixed a price band of Rs 560-590 per equity share and at the upper end, the public issue is expected to fetch around Rs 412 crore. The shares are expected to get listed on the exchanges on March 14.

Market is at a very crucial inflection point where we have been heavily oversold. Yesterday, we saw a bit of a recovery. If you talk of a green shoot coming in and the bounce back is taking a brief pause today.

Promoters held 23.28 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 42.91 per cent and 5.67 per cent, respectively.

A total of 11,481 shares changed hands on the counter till 01:58PM (IST).

There have been several reasons for the recent weakness in Indian equity markets, including FIIs outflow and rising inflationAmid FII outflow and lack of positive triggers from the Q3 earnings season.