Latest Stock Market News

Surging inflation has spurred some US central bankers to revise up their outlook for rate increases this year, while both Democrats and Republicans are urging the Fed to get price pressures under control.

“Towards the redemption of subordinated debt amounting to Rs. 895 crores, please be informed that the Company has decided not to exercise the call option due on Friday, 25th March 2022,” the insurer said in a stock exchange notification.

Axis Trustee Services sold 1,37,81,954 shares of Orient Green Power at an average price of Rs 12.15 a piece. It was not clear who bought these shares

The stock brokers continuously logged in to secondary server in currency derivatives, cash market and Futures and Options segments during 2012-2014 without any sufficient reason, according to Sebi orders

The Dow Jones Industrial Average fell 37.01 points, or 0.11%, at the open to 34,951.83.

The market is also likely to react to the FOMC minutes. Apart from this, the decrease in geopolitical tensions between Russia and Ukraine remains debatable

Edelweiss expects the issue’s free float which will be considered by index providers to be at 3.5%, less than the 5% which the government intends to dilute because the global indices do not include the lock in shares in the IPO.

In the international market, gold was trading 0.24 per cent up at USD 1,857 per ounce. Silver was trading marginally up at USD 23.52 per ounce

Burger King is a beneficiary of the reopening theme. Its business is likely to see traction going ahead as vaccinations rates have surged and pandemic is making way for normalcy.

A 3 per cent decline in crude oil prices following the development also buoyed sentiment for the Indian currency, dealers said.