Latest Stock Market News

Care Ratings Limited (CARE), upgraded its rating on Long Term Bank Facilities and Non-Convertible Debentures for Vodafone Idea (Vi) to "Stable" outlook from "Negative" earlier.

As of 31-Dec-2021, promoters held 59.47 per cent stake in the company, while FIIs held 26.51 per cent and domestic institutional investors had 2.45 per cent.

​​We maintain our constructive view on the equity market and India continues to remain a ‘buy the dip’ market rather than a ‘sell the rally’ market.

A total of 4,475 shares changed hands on the counter till 10:56AM (IST)

Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 41698.23 Crore) operating in Gas & Petroleum sector.

Shares of Alphabet rose 8.6% in after-hours trading, to $2,990.10, erasing their losses for the year-to-date. Shares of competitors in online ads including Facebook owner Meta Platforms Inc, Twitter Inc, Trade Desk Inc and Snap Inc all rose as well.

The disinvestment target of 65,000 crore set for FY23 is very realistic and achievable, finance minister Nirmala Sitharaman said in a post-budget interaction with the media. She has reiterated that the public offer of Life Insurance Corporation of India, in all probability, will happen in the current financial year. She said budget assumptions may look conservative but are realistic.

"India moves closer to legalizing cryptocurrency. The honourable FM in her budget speech has proposed taxation rules on virtual digital assets. This is clearly an endorsement that India has accepted crypto and it is here to stay," said WazirX Trade Desk.

Indian bonds are set for a torrid year, with supply rising to record levels while demand wanes. Citigroup Inc. offered a glimpse of the conditions facing the nation’s debt when it withdrew a buy call within a day of recommending purchases. Yields surged the most in almost two years Tuesday after Finance Minister Nirmala Sitharaman unveiled a bigger-than-anticipated borrowing plan without signaling who could buy the paper.

“The shift to more cyclical and economy oriented sectors is underway, but one also needs to have a healthy mix of exporters in the portfolio.”