Latest Stock Market News

The Nifty Pharma index closed 0.51 per cent up at 13425.1.

A bearish candle on the daily scale and lack of follow-up buying at higher zones have sent mixed signals.

“We took about a 5% price hike last year and we did not take it all in one go and staggered price hikes for different products. But now I think we will have to take at least 5% price increase either in March or April. Hard luggage is the fastest growing because it is slightly cheaper than the upper end of the soft luggage.”

The Nifty Realty index was trading 1.95 per cent up at 459.5.

On the technical charts, the RSI of the stock stood at 50.06.

Market experts said that banning cryptocurrencies is not the right way forward, rather the easiest way out for now

“We tend to be bottom up but as a block, lenders are going to be doing quite well. Roughly, 20% odd return is baked into the lenders. Real estate will do much better and is going to give a very strong kind of comeback. The remaining bulk of the portfolio is bottom up and very well positioned. We have technology names and digital-oriented companies with a very strong earnings profile. ”

The volatility in the market kept everyone guessing and even the best of the investing minds could not beat the benchmarks. Portfolio Management Sevices or PMS funds, managed by the likes of Samir Arora, Shankar Sharma and Saurabh Mukherjea failed to beat Nifty50 returns.

The metaverse is still in its early stages and will take several technological advancements before it becomes accessible and affordable to the general public.

“Indian equities staged a rebound to recoup most of its losses in the mid-noon session on the back of de-escalating tensions along the Russia-Ukraine border. However, falling western markets prompted a quick sell-off during closing hours,” said Vinod Nair, Head of Research at Geojit Financial Services.