Latest Stock Market News

The state-owned miner posted a 26 per cent jump in its iron ore output to 37.18 million tonnes (MT) during April-February period of 2021-22. During the year-ago period, the company had produced 29.52 MT of iron ore, the Ministry of Steel said.

The partially convertible rupee opened at 75.6320 per US dollar as against 75.7000 per US dollar on Wednesday, the lowest closing level since December 20.

The Nifty Bank index was trading 0.16 per cent down at 35315.25.

On Thursday, shares of AGS Transact Technologies were locked in an upper circuit limit of 10 per cent to Rs 120.70. It had settled at Rs 109.75 on Wednesday.

“Maybe it is time to just be a little cautious. If one has some cash in the portfolio, just preserve it. I am not sure how many investors are sitting on too much cash per se, but from a tactical point of view, it is better to have a safer strategy and just wait and watch and see how all this plays out.”

Among them is Alkyl Amines Chemicals, which delivered 131 per cent return in 2021, 253 per cent return in 2020, 35 per cent return in 2019, 20 per cent in 2018 and 119 per cent in 2017.

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 148561.51 Crore) operating in Auto sector.

Axis Securities likes TCS, Coal India, SAIL and SBI, among others. Motilal Oswal Securities has a preference for a dozen stocks post recent selloff. Among them are HDFC, SBI, Wipro, HCL Tech, L&T and Tata Motors, among others.

“What we have witnessed in the last 10 years is a complete sweep out of leverage in every possible segment within the economy. So while there are some pockets here and there, some restructuring has happened, some guarantee schemes (some of that will fail) have come but we probably are not going to go back to anything that we have witnessed in the last three years and certainly not in the last six-seven years.”

A total of 42,384 shares changed hands on the counter till 12:28PM (IST).