Latest Stock Market News

The recent price action on the benchmark front indicates uncertainty among participants and that might continue in the near term. Traders should thus maintain their focus more on identifying opportunities in the sectors that are showing resilience. However, it’s easier said than done as we’re seeing restricted participation. Also, managing overnight risk is equally important citing the prevailing volatile scenario

Transmission business revenue growth was driven by newly commissioned JKTL and WRSS XXI (A) and recently commissioned lines. Distribution revenue increased on account of a consistent uptick in energy demand," the company said in a release.

With the prepayments, pledged shares in Adani Ports and SEZ, Adani Transmission, and Adani Green Energy will be released, the group said in a statement.

The dollar index and Treasury yields, expectedly, surged on Friday. The dollar index inched up further on Monday while the Thai baht paced losses among Asian currencies. The Thai currency suffered its worst day in more than two decades.

“I am a long-term bull in India. India is going to do very well going forward. You are going to have market fluctuations, you are going to have situations like Adani but the country itself is going to go from strength to strength. Because of Adani, you see some outflows, but the outflows are probably related to the fixed income market.”

Indian shares closed lower on Monday amid pressure on most global markets after bond yields headed northwards. >> For more such web stories click on the ET icon below.

Analysts have said that the government’s decision to convert Vi’s accrued interest into equity will help the telco get some existing bank debt refinanced in the immediate future, which will help free up cash to pay vendor dues particularly to Indus Towers as well as for immediate capex needs

The Nifty Bank index closed 0.3 per cent down at 41374.65.

In the Nifty200 pack, five stocks closed above their 200 DMA. >> For more such web stories click on the ET icon below

Currently, the Nifty50 EPS estimate is 843 for FY23, 995 for FY24 and 1,139 for FY25, implying FY23-25 earnings CAGR of 16%