Latest Stock Market News

The global crypto market cap tumbled as much as 6 per cent to $1.67 trillion mark. On the contrary, the total crypto market volume jumped rallied more than 43 per cent to $101.33 billion.

According to reports, the probe agency’s investigation is based on an Enforcement Case Information Report (ECIR) filed by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002 (PMLA) against Indiabulls Housing, its promoter Sameer Gehlaut, and a number of other linked companies and individuals.

As of 31-Dec-2021, promoters held 66.33 per cent stake in the company, while FIIs held 20.8 per cent and domestic institutional investors had 0.14 per cent.

The Relative Strength Index of the stock stood at 35.6 on Tuesday.

According to reports, as per the tender awarded, the company will install, operate and maintain routine and advance laboratory testing facilities at selected Public Health Institutions (PHIs) which include government medical colleges, districts and general hospitals owned by the government as well as Community Health Centers.

The Nifty Pharma index was trading 1.36 per cent down at 12853.1.

Mahindra Holidays & Resorts India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 4234.21 Crore) operating in Tourism & Hospitality sector.

A total of 19,525 shares changed hands on the counter till 10:51AM (IST)

“We reduced one tech stock and a little of these outperformers by like 30-30, 50-50 bps because if you have to buy something continuously, you have to sell something because it is not new money. We are talking about rotation within the 100% portfolio in our long only funds in India."

“While FMCG stocks may not fall given that holders of these stocks generally do not sell because they are long term plays, appreciation of stock price could be tough. In that context, these will be the hiding places if you want to park capital and prevent downsides. But they are not places for aggressive investors who want to make money. “