Latest Stock Market News

The market doesn’t see the terminal rate going above 5%. In India there are signals that this is a market trending higher, in spite of the high valuations, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The move by the state-run power transmission major comes close on the heels when the telecom sector is ramping up its 5G service across the country to bring business transformation that can contribute two per cent to the national GDP.

The company wants to raise ₹2,000 crore to ₹3,000 crore through this transaction, which is likely to be completed during this fiscal year or by March 2023," a source said.

The dollar initially jumped on Friday after U.S. data showed that employers added 263,000 jobs in November, well above estimates of 200,000, but gave up the gains as traders booked profits, with some of the Fed speakers allaying market concerns.

A meeting of the board of directors of the Dhanlaxmi Bank is scheduled today to consider/ approve the raising of funds by way of issuance of Non-Convertible Debentures (NCD5) in the form of Basel III compliant Tier 2 Bonds aggregating to Rs 300 crores.

The National Payments Corporation of India (NPCI) recently extended the deadline by two years for existing third-party apps to comply with its market share guidelines for the UPI network.

Nine out of 10 banks polled by ET expect the central bank to hike rates by 35 basis points - 0.35 of a percentage point - or less at the December 5-7 meeting of the monetary policy committee (MPC). While five of the nine predict a rate increase of 35 bps, two expect it will be in a range of 25-35 bps, another two project a 25 bps hike.

ESIC has a surplus of nearly Rs 65,000 crore which increases by over Rs 8000-9000 crore every year and could be higher than this in coming years as ESIC plans to substantially expand coverage by bringing even the gig workers in its fold.

U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve from slowing the pace of its interest rate hikes starting this month.

Going forward, flow trajectory is expected to remain positive in December. However, some shift could be seen from expensive stocks to value stocks, Anita Gandhi, Whole Time Director and Head - Institutional Business at Arihant Capital, said.