Latest Stock Market News

The Relative Strength Index of the stock stood at 40.58 on Monday.

Experts suggest investors should maintain 25-30% cash in the bank and purchase government treasury bills or 10-year dated bonds which offer a better yield due to indexation benefits on tax. Private sectors are said to be better investments than public sector banks. Though the hospitality sector and metal industry are suggested, the election year and government actions to control inflation cap returns, making modest returns possible in the short term with higher gains possible after some years.

Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 346274.02 Crore).

A total of 6,580 shares changed hands on the counter till time (IST).

Bullish Belt Hold line candlestick above 200 day EMA and supply line breakout area joining last three months highs signaling positive bias.

The Nifty Realty index was trading 0.22 per cent up at 388.2.

​So things seem to have stabilised like you rightly said that the OPEC move has created an upward move in oil prices in the near term.

The new age company stock price hit a 52-week high of Rs 844 on 8th August 2022 but it failed to hold on to the momentum. It bounced back after hitting a low of Rs 439 on 24 November 2022.

At 9.30 am, shares of ONGC were trading at Rs 157.40, up Rs 6.35 or 4.20% from Friday’s closing price while those of OIL were up nearly 6% or by Rs 14 at Rs 266.15. ONGC and OIL are one of the largest crude oil and natural gas companies in India which are in the business of exploration and production of oil and gas.

The sales grew to a record 3.9 million units in the last fiscal year ended 31 March 2023. Nifty Auto was the best-performing index among the sectoral indices and was last trading at 12,414.40, up 170.60 points or 1.39% in a lacklustre market.