Latest Stock Market News

On Friday, gold gained 2% after California regulators closed tech startup-focused Silicon Valley Bank (SVB). Regulators also shuttered New York-based Signature Bank SBNY.O on Sunday

The equity strategist at ICICI Securities, Vinod Karki, has said that the long-term expected return from the index has been around 12%, and that one can expect only when valuations are normal and not very high. Karki also says that there was a lot of stress in terms of the NPA cycle and some of the industrial companies had a lot of stress in terms of shrinking their profit pool. That has been reversing over the last couple of years.

The total volume in DeFi is currently 6.95 billion, 9.10% of the total crypto market 24-hour volume. The volume of all stablecoins is now $77.73 billion, which is 101.82% of the total crypto market 24-hour volume.

Stating that an underrated skill set for running a business is being pessimistic, he said one should consider everything a risk and do everything they can to mitigate it. "Every business will be exposed to a black swan event at some point; the idea is to survive those," Kamath said

The Relative Strength Index of the stock stood at 53.19 on Monday.

A total of 45,309 shares changed hands on the counter till 02:14PM (IST)

Fear gauge index India VIX jumped 15% as all sectoral indices were trading in the red today.

The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band

As of 31-Dec-2022, promoters held 38.15 per cent stake in the company, while FIIs held 17.77 per cent and domestic institutional investors had 6.23 per cent.

Global brokerage Macquarie also echoed the view saying that amid all the gloom and doom in global banks, Indian lenders are distinguished with hardly any exposure directly or indirectly to SVB.