Latest Stock Market News

Indian Oil Corp. shares fall 3.15% as Nifty gains

Updated at : 2022-02-01 15:20:04

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A total of 1,357,636 shares changed hands on the counter till time (IST).

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As of 31-Dec-2021, promoters held 54.9 per cent stake in the company, while FIIs held 20.19 per cent and domestic institutional investors had 10.75 per cent.

Bitcoin squeezes smaller rivals to its crown

Updated at : 2022-02-01 15:20:04

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The original digital coin was assailed by thousands of new "altcoin" competitors in 2021 - from solana and polkadot to litecoin and dogecoin - raising the prospect of a rapid fragmentation of the crypto market.

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The Nikkei share average gained 0.28 per cent to 27,078.48, after rising as much as 1.5 per cent earlier in the session. The broader Topix inched up 0.01 per cent to 1,896.06.

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The S&P/ASX 200 index closed 0.5 per cent higher at 7,006, helped by gains in banking and gold stocks. It fell about 6.4 per cent in January, marking its biggest monthly drop since March 2020.

“Expecting a repeat of 2020-2021 in the market is probably a bit too optimistic as of the current moment.”

The pan-European STOXX 600 rose 1.2 per cent after marking its worst month since October 2020 in January. Financial stocks and miners led the gains.

Traders who were expecting the government to comfortably meet the Budgeted fiscal deficit target of 6.8 per cent of GDP for the current financial year on the back of higher revenues were in for a rude shock as the Centre chose to increase the target to 6.9 per cent of GDP.

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Axis Securities expected raising of either excise duty or NCCD (national calamity contingent duty) on cigarettes and tobacco products, which would have been negative for companies such as ITC, VST Industries and Godfrey Phillips.

Aurobindo Pharma shares rise 1.13% as Nifty gains

Updated at : 2022-02-01 14:25:02

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The stock quoted a 52-week high price of Rs 1063.75 and a 52-week low of Rs 590.25.

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